Key Takeaways: Tesla shares rose over 2.15% after Musk confirmed his exit from the DOGE role. Investors welcomed the news, viewing it as a sign of Musk refocusing on Tesla. Musk criticized federal inefficiencies and plans to scale back political involvement. Tesla shares surged over 2.15% in overnight trading to $364 after CEO Elon Musk revealed he is stepping down from his role as Special Government Employee overseeing the Department of Government Efficiency (DOGE) under the Trump administration. The move follows a 1.65% decline in Tesla stock during regular trading hours on Tuesday, closing at $356.90, according to data from Google Finance . Musk’s announcement, shared via his social media platform X, appeared to reassure investors concerned about his growing political involvement and its impact on Tesla’s core business. “As my scheduled time as a Special Government Employee comes to an end, I would like to thank President @realDonaldTrump for the opportunity to reduce wasteful spending,” Musk posted. DOGE to Continues its Mission Musk said that while his own role has concluded, the mission of DOGE will continue within government operations. The White House confirmed Musk’s departure was already underway as of Wednesday evening. The billionaire’s brief foray into federal reform had focused on streamlining bureaucracy, but insiders say his efforts were often met with internal resistance. Throughout the past week, Musk has been increasingly vocal about his dissatisfaction with Washington. He openly criticized Trump’s tax plan as bloated and counterproductive, and described the federal government’s internal inefficiencies as worse than expected. As my scheduled time as a Special Government Employee comes to an end, I would like to thank President @realDonaldTrump for the opportunity to reduce wasteful spending. The @DOGE mission will only strengthen over time as it becomes a way of life throughout the government. — Elon Musk (@elonmusk) May 29, 2025 In an interview with the Washington Post , Musk admitted, “It’s an uphill battle trying to improve things in DC.” He added that DOGE had become a scapegoat for failures within the administration. Behind the scenes, Musk reportedly clashed with key White House officials and publicly derided trade adviser Peter Navarro over tariffs. His growing frustration extended beyond domestic politics; Musk also reportedly opposed a deal between OpenAI and Abu Dhabi , objecting to his own AI company’s exclusion. Further complicating his political entanglements, Musk had invested $25 million in a failed Wisconsin judicial campaign and pledged another $100 million to pro-Trump groups — money that has yet to materialize, according to The New York Times . Despite the controversies, DOGE has managed to shrink the federal civilian workforce by 12% through buyouts, early retirements, and restructuring — a feat Musk frequently touted. Tesla Investors Ask Musk to Focus on EV Company Some Tesla investors had urged Musk to cut back on his political involvement and focus on leading the EV company. His exit from DOGE may mark a shift back to Tesla-centric priorities, with markets responding positively. Musk, who spent nearly $300 million supporting Republican campaigns last year, said at a recent economic forum that he plans to reduce his political contributions. “I think I’ve done enough,” he said. As reported, the Securities and Exchange Commission (SEC) has agreed to allow DOGE representatives access to its internal systems and data, effectively treating them as staff for integration and network purposes. The post Tesla Shares Rise After Elon Musk Exits DOGE Role appeared first on Cryptonews .
Bitcoin’s recent surge has been heavily influenced by institutional investments, yet the absence of retail participation could jeopardize its long-term stability. Exchange outflows surged, causing reserves to plummet, indicating strong
The post James Howells Hasn’t Given Up: A New $75M Plan to Rescue His Lost Bitcoin appeared first on Coinpedia Fintech News After more than a decade of digging through disappointment and red tape, James Howells, the man who is famously known for losing 8000 Bitcoin, is making one last move. At a recent Bitcoin conference 2025, Howells said that he’s preparing a $75 million plan involving tokenizing part of his missing fortune to raise But time is running out. The landfill is now facing closure, and the council still hasn’t granted him access. The Man Who Lost 8,000 Bitcoins James Howells , a British computer expert from Newport, Wales, accidentally threw away a hard drive in 2013. That hard drive, he says, contains the private keys to 8,000 Bitcoins, worth hundreds of millions of dollars today. For years, he’s fought to search the local landfill where he believes the drive is buried, but city officials have refused his requests, citing environmental and safety concerns. New Plan To Recover Lost Bitcoin Now, with the Newport City Council preparing to permanently shut down the landfill, Howells says he’s out of time and patience. Instead of begging for permission again, he plans to raise $75 million by tokenizing 1,675 of the 8,000 lost Bitcoins. These tokens will be sold as ordinals, a type of digital asset stored directly on the Bitcoin blockchain. James Howells, still chasing his lost 8,000 $BTC in a landfill, has a new plan: Tokenize 1,675 of those coins as ordinals. pic.twitter.com/qp01tZtvHB — TFTC (@TFTC21) May 28, 2025 This chunk represents about 21% of the lost coins, and the funds will go toward buying the landfill outright. “We’ll make them an offer they can’t refuse,” said Howells, clearly determined to take matters into his own hands. Lights, Camera, Landfill Howells’s story is more than just another crypto headline it’s a modern treasure hunt with emotional stakes. Recently, a U.S.-based production company named LEBUL has secured the exclusive rights to turn his journey into a documentary. Filming is expected to take place over the summer, with a release planned for October or November. Howells said he’s “excited” to finally tell the story in his own words. “This is the first time I can show the world exactly what we want to do at the landfill site,” he added. “Once people see this documentary, they won’t think this is a crazy plan—they’ll see it’s very achievable.”
Bitcoin wavers in a narrow band, but market excitement stays high. Rising transaction volumes suggest the potential for sustained rally strength. Continue Reading: Bitcoin Holds Strong: Market Dynamics Point to a Possible Surge The post Bitcoin Holds Strong: Market Dynamics Point to a Possible Surge appeared first on COINTURK NEWS .
COINOTAG reports that on May 29th, prominent analyst Axel Adler Jr from CryptoQuant highlighted the recent surge in the Short-Term Holder Spent Output Profit Ratio (STH SOPR). The 30-day moving
RLUSD has secured another significant exchange listing, but its market cap growth has stalled
Crypto Council head Bilal Bin Saqib credited the United States and Donald Trump’s pro-Bitcoin leadership as key inspiration for the shift. Pakistan’s pivot was made amid major reforms, including forming a Digital Asset Authority, allocating 2,000 megawatts of energy to crypto mining, and appointing Binance’s CZ as an adviser. Meanwhile, US officials like David Sacks and Vice President JD Vance were also at the Bitcoin 2025 conference, and talked about the growing federal interest in expanding Bitcoin reserves. Vance urged Bitcoiners to stay engaged in the political engagement. Pakistan Sets Up Bitcoin Strategic Reserve Pakistan made a historic shift in its stance on cryptocurrencies, with the announcement of a government-led Bitcoin Strategic Reserve. Bilal Bin Saqib, the head of Pakistan’s crypto council, made the announcement during the Bitcoin 2025 conference held in Las Vegas on May 28. The move makes Pakistan one of the growing number of nations embracing crypto, following in the footsteps of the United States under the administration of President Donald Trump. Saqib mentioned this inspiration,and stated that, “Today is a very historic day. Today, I announce the Pakistani government is setting up its own government-led Bitcoin Strategic Reserve, and we want to thank the United States of America again because we were inspired by them.” Bilal Bin Saqib at the Bitcoin 2025 conference This announcement is a dramatic departure from Pakistan’s previously hostile stance on cryptocurrencies. Not long ago, the government held firm that digital assets would never be legalized in the country. However, with geopolitical shifts and increasing global momentum toward digital asset adoption, Pakistan quickly reversed its position and is now actively pursuing a pro-crypto agenda. The journey toward this strategic pivot began in February of 2025 when the idea of a National Crypto Council was proposed. The Council was tasked with designing a regulatory framework for cryptocurrencies and encouraging foreign investment. Key initiatives from the Council included leveraging the country’s excess energy to support Bitcoin mining and high-performance computing. Pakistan allocated 2,000 megawatts of surplus power in May 2025 to support these initiatives. Adding even more credibility to its crypto ambitions, the Council appointed Binance co-founder Changpeng Zhao as an adviser in April. Zhao will guide the development of blockchain infrastructure, regulations, and overall digital asset adoption. On April 27, Trump’s World Liberty Financial (WLFI) signed a letter of intent with Pakistan to support the country in tokenizing real-world assets and developing decentralized finance (DeFi) products. Additionally, in May 2025, Pakistan’s Ministry of Finance also greenlit the creation of a Digital Asset Authority , which is a dedicated body that will oversee crypto regulation and issue licenses to service providers in the digital asset space. US Could Buy More Bitcoin The US could soon inspire even more countries to turn to Bitcoin as the White House AI and crypto czar David Sacks opened the door to the possibility of the United States government buying even more Bitcoin. This could be the case provided it can be done in a way that doesn’t increase the national debt or impose new taxes. At the Bitcoin 2025 conference during a fireside chat with Gemini co-founders Cameron and Tyler Winklevoss on May 27, Sacks said the government already has the legal framework to expand its Bitcoin holdings—but only if the Commerce or Treasury departments can identify a budget-neutral method to fund such a purchase. Sacks said that while there are no guarantees, the executive order issued on March 6 gives the federal government the authority to create a crypto reserve that includes not only Bitcoin seized through criminal or civil asset forfeiture, but also Bitcoin that can be legally purchased if financed responsibly. The decision to increase the reserve will ultimately rest with Commerce Secretary Howard Lutnick or Treasury Secretary Scott Besson, who would need to find funding from underutilized programs or other existing sources in the federal budget. According to Sacks, the structure is already in place: “The question is, can we get either the Treasury Department or the Commerce Department to get excited about that because if they do and they can figure out how to fund it, they actually do have presidential authorization.” This could signal a potential policy shift toward more proactive Bitcoin acquisition by the US government, depending on internal budgetary decisions. Government Bitcoin holdings (Source: CoinGecko ) The US government currently holds approximately 198,012 Bitcoin, which is worth over $21 billion at current prices. These holdings primarily stem from major seizures, including 69,370 Bitcoin from the Silk Road case in 2020, 51,351 Bitcoin in a follow-up seizure in 2022, and another 94,636 Bitcoin that was confiscated from Bitfinex hacker Ilya Lichtenstein in 2022. In March 2023, the government sold a portion of its holdings—9,861 Bitcoin—for around $215.7 million. The Department of Justice has also been cleared to sell the full 198,109 Bitcoin it holds. JD Vance Urges Bitcoiners to Get Political United States Vice President JD Vance also delivered a keynote address at the Bitcoin 2025 conference, and called on the Bitcoin community to stay politically engaged and proactive. He placed a lot of emphasis on the growing importance of Bitcoin on a geopolitical level, and urged Bitcoiners to leverage their political momentum from 2024 and carry it forward into future election cycles as political forces will inevitably impact the future of transformative technologies like Bitcoin. JD Vance at Bitcoin 2024 “What happens in the world of politics, what happens in the world of bureaucracy, will affect even the most transformational and valuable technologies if we do not make the right decisions,” Vance said, stressing that the crypto industry can no longer afford to stay on the political sidelines. He added, “Politics is not going to ignore this community, not now, and not in the future.” Bitcoin quickly gained a lot of institutional credibility and is increasingly being seen as a macroeconomic and strategic asset on the global stage. With sovereign powers engaging in what analysts describe as a geopolitical race to acquire BTC, the digital currency is now recognized as more than just a speculative investment—it is a matter of national interest. Bitcoin advocates argue that countries failing to accumulate BTC may find themselves at a huge disadvantage as its scarcity and store-of-value properties become more widely appreciated. The shift in sentiment was amplified by the pro-crypto stance of President Donald Trump, whose administration established a Bitcoin strategic reserve and a crypto advisory council. These moves set a precedent that influenced other governments to rethink their own digital asset strategies. India , for example, is now reassessing its crypto policies, with Economic Affairs Secretary Ajay Seth acknowledging that digital assets operate beyond national borders and require new approaches to regulation.
Bitcoin’s rally has been led by institutions. Without retail support though, its strength may not last.
Bitcoin is currently trading at $109,000, marking a marginal decline of 0.6% over the past 24 hours. Despite this short-term dip, the broader market trend remains intact, with Bitcoin recording an approximate 15% gain over the past month. This performance comes after BTC set a new all-time high just above the $111,000 mark a few days ago, continuing its strong upward momentum through Q2 2025. Burak Kesmeci, a contributor on CryptoQuant’s QuickTake platform, recently discussed the Market Value to Realized Value (MVRV) ratio in his latest analysis, “Bitcoin MVRV: Will the Long-Term Downtrend Break This Time?” The MVRV ratio compares Bitcoin’s market value to its realized value, effectively measuring holders’ profitability and offering insights into market sentiment and potential turning points. Related Reading: Bitcoin Holds Above $109K as Long-Term Holders Accumulate Amid Liquidations MVRV Ratio Approaches Crucial Resistance In his analysis, Kesmeci highlighted the importance of the 365-day Simple Moving Average (SMA365) as a benchmark for the MVRV metric. Historically, when Bitcoin’s MVRV crosses above and maintains weekly closes over the SMA365, it typically signals sustained upward momentum. Kesmeci provided the example from April 2025, when the MVRV ratio exceeded the SMA365, corresponding with Bitcoin’s substantial price increase from around $94,000 to $111,000, subsequently setting a new record high. Currently, the MVRV stands at 2.36, comfortably above the SMA365 level of 2.14. However, the analyst points out a significant resistance looming at 2.93, a critical historical level where previous rallies encountered headwinds. The upcoming test at this resistance could indicate whether Bitcoin will sustain its upward trajectory or experience a period of stabilization or correction. Kesmeci emphasized caution, suggesting that traders carefully monitor the MVRV behavior, as approaching these levels often prompts market participants to reassess risk. Bitcoin Retail Investors Remain Cautiously Absent Another factor shaping Bitcoin’s market conditions is the noticeable lack of retail investor engagement. Kesmeci observed that despite Bitcoin achieving new record highs in the second quarter of 2025, retail investor participation, measured by transfer volumes in smaller denominations (under $10,000), remains relatively subdued. While Bitcoin’s price trajectory has remained robust, retail volumes have seen minimal increases, indicating the current rally is primarily driven by institutional or large-scale investors. Historically, retail investor participation has served as an essential driver for sustained bull markets, amplifying price movements initially propelled by institutional investments. Related Reading: US Set To Reign As ‘Bitcoin Superpower,’ Declares Trump’s Digital Assets Chief Kesmeci notes that past major rallies, such as the one observed in 2020-2021, gained significant momentum when retail investors actively joined in. Thus, a critical aspect moving forward will be monitoring retail activity. Any uptick in retail investment could potentially catalyze further Bitcoin appreciation, reinforcing recent gains and setting the stage for a broader market rally. Featured image created with DALL-E, Chart from TradingView
BitcoinWorld AI Model: Revolutionary Tech Streams Interactive 3D Worlds Imagine stepping into a video, exploring its environment just like you would in a video game. This isn’t science fiction anymore. Odyssey, a startup co-founded by self-driving tech veterans Oliver Cameron and Jeff Hawke, is making this a reality with their new AI model designed for streaming interactive video. What Does This Revolutionary AI Model Do? At its core, Odyssey’s technology allows users to ‘interact’ with what looks like streaming video. Available via an early web demo, the AI model rapidly generates and streams video frames, pushing out a new frame every 40 milliseconds. This rapid generation enables viewers to navigate and explore areas within the video environment using basic controls, offering an experience akin to navigating a 3D-rendered video game rather than passively watching. Odyssey describes the underlying mechanism: “Given the current state of the world, an incoming action, and a history of states and actions, the model attempts to predict the next state of the world.” This predictive capability is key to creating a sense of continuity and responsiveness as the user moves through the generated environment. Exploring the Core Technology: The World Model Powering this interactive experience is a sophisticated world model . Odyssey claims this model demonstrates several capabilities crucial for creating believable, explorable environments: Generating pixels that appear realistic. Maintaining spatial consistency within the generated space. Learning actions directly from video data. Outputting coherent video streams for durations of five minutes or more. The development of advanced world model s is a significant area of research in the AI field, attracting attention from major players like DeepMind, Fei-Fei Lee’s World Labs, Microsoft, and Decart. The belief is that these models could one day underpin highly realistic simulations, interactive media, and even advanced training environments for robots. The Promise of Interactive Video Odyssey refers to its creation as “ interactive video .” The company envisions this technology fundamentally changing how we consume video content. Their blog post suggests that interactive video “opens the door to entirely new forms of entertainment, where stories can be generated and explored on demand, free from the constraints and costs of traditional production.” Looking ahead, Odyssey believes that “everything that is video today — entertainment, ads, education, training, travel, and more — will evolve into interactive video , all powered by Odyssey.” This represents a significant shift from passive consumption to active exploration within digital content. Navigating Challenges and Creative Concerns While the potential is exciting, the technology is still in its early stages. Odyssey acknowledges that their current demo is “a bit rough around the edges.” Users might encounter environments that are blurry, distorted, or even spatially inconsistent, where layouts can change unexpectedly as you move around. These are significant challenges in maintaining immersion and usability. Beyond the technical hurdles, the rise of AI in creative fields, including technologies like Odyssey’s, has sparked concerns among creative professionals. Investigations have highlighted how some companies are leveraging AI in ways that impact jobs, such as using AI to cut corners or address workforce attrition, as seen with game studios like Activision Blizzard. A 2024 study commissioned by the Animation Guild estimated that over 100,000 U.S.-based film, television, and animation jobs could be disrupted by AI in the near future. Odyssey has publicly stated its intention to collaborate with creative professionals rather than seeking to replace them, aiming to provide new tools and possibilities. Building the 3D Worlds : Technology and Approach Despite the demo’s current limitations, Odyssey is focused on rapid improvement. The model can stream video at up to 30 frames per second, powered by clusters of Nvidia H100 GPUs. The cost for this early tech is estimated at $1-$2 per “user-hour.” Odyssey is taking a unique approach to training its world model . Unlike many labs that rely solely on publicly available data, Odyssey has developed a specialized 360-degree, backpack-mounted camera system to capture real-world landscapes. They believe this proprietary data will enable the creation of higher-quality models and more realistic 3D worlds . The company is actively researching ways to improve the models, focusing on “richer world representations that capture dynamics far more faithfully, while increasing temporal stability and persistent state.” They are also working on expanding the range of user interactions beyond simple motion. With $27 million in funding from investors like EQT Ventures, GV, and Air Street Capital, and with industry figures like Ed Catmull (Pixar co-founder) on their board, Odyssey is positioned to push the boundaries of this technology. They are also developing software to allow creators to export scenes generated by their models into standard tools like Unreal Engine, Blender, and Adobe After Effects for further refinement and hand-editing, reinforcing their stated goal of collaboration. Odyssey AI: A Glimpse into the Future Odyssey’s work on streaming, interactive 3D worlds powered by a novel AI model represents a significant step towards a new era of digital content. While challenges remain and the impact on creative industries requires careful consideration and collaboration, the vision of a future where video is no longer a passive medium but an explorable, interactive experience is compelling. As Odyssey AI continues to refine its technology, the possibilities for entertainment, education, and simulation appear vast. To learn more about the latest AI model trends, explore our article on key developments shaping AI features. This post AI Model: Revolutionary Tech Streams Interactive 3D Worlds first appeared on BitcoinWorld and is written by Editorial Team