According to @DOGE, government agencies have canceled 47 contracts deemed wasteful, resulting in savings of $30.2 million. The canceled contracts had a total ceiling value of $87.5 million. Notably, the State Department canceled a $3.4 million contract for aviation advisors in Kenya, highlighting an effort to reduce unnecessary expenditures.

According to Lex Fridman, the recent interview of Elon Musk and the DOGE team on Fox News emphasized their mission to enhance government efficiency using cryptocurrency solutions. This aligns with broader adoption trends and could impact market sentiment regarding Dogecoin, potentially driving trading volumes as investors anticipate governmental collaborations.

According to The Kobeissi Letter, Elon Musk announced that all US Federal employees will soon receive an email asking for a report on their weekly accomplishments. Failure to respond will be deemed as a resignation. This statement could potentially influence market perceptions of government efficiency and impact sectors reliant on federal operations.

According to Edward Dowd, there is a narrative suggesting that Dogecoin is not enhancing government efficiency but rather harming it, which he argues against, mentioning the stance is not acceptable to the New York Times.