Good Morning Crypto Enthusiasts!

Glad to have you back for another edition of the UseTheBitcoin.com newsletter.

1. Ramaswamy Exits DOGE Leadership: Vivek Ramaswamy has stepped down from the Department of Government Efficiency (DOGE), leaving Elon Musk as its sole head.

2. 📈Technical Analysis Masterclass - ChillGuy memecoin market activity suggests that a potential comeback could be on the horizon. Watch UseTheBitcoin’s latest Youtube video “The Memecoin Revival: Why ChillGuy Could Be Back in the Spotlight!” to check for hints at a possible turnaround or join our Official Telegram Channel for more alpha!

3. Cuban's Memecoin Debt Proposal: Mark Cuban proposed launching a memecoin to help reduce the US national debt, suggesting a structure similar to Trump’s tokens.

4. 💡Feature of the Day - Vitalik Maintains Ethereum Leadership: Vitalik Buterin reaffirmed control over the Ethereum Foundation, dismissing leadership change calls and condemning harassment against executive director Aya Miyaguchi.

   
   All this and more in today’s headlines!

📰 News Highlights:

Ramaswamy Leaves DOGE [Source][Source]

Vivek Ramaswamy has announced his departure from the Department of Government Efficiency (DOGE), leaving Elon Musk as its sole head.

Ramaswamy expressed confidence in Musk’s ability to streamline government operations and hinted at an upcoming Ohio governor bid.

Reports from CBS News and The New York Times suggest that Ramaswamy will soon make his candidacy official.

His departure follows Musk’s push for his exit, citing concerns from Republican strategists who claimed he had strained relationships within political circles.

 📈Technical Analysis Masterclass:

The Memecoin Revival: Why ChillGuy Could Be Back in the Spotlight!

Signs of a Potential Rebound

• Bullish Divergence:

  • On Binance's 4-hour daily chart, ChillGuy's price is still trending downward, but the Relative Strength Index (RSI) is moving upward—an early indicator of shifting momentum.

  • Similar bullish divergence is seen on Bybit, suggesting selling pressure is easing and a potential trend reversal may be underway.

Is ChillGuy Ready for a Comeback?

• Caution is Advised:

  • Although the bullish divergence is promising, memecoin price movements are highly unpredictable.

  • A sustained recovery will require strong trading volume, impactful catalysts, and renewed community interest to fuel upward momentum.

  • Without these, ChillGuy might continue to stagnate despite technical indicators showing potential.

Memecoin for US Debt [Source][Source]

Billionaire Mark Cuban has proposed the idea of launching a memecoin to help pay down the US national debt.

Cuban suggested that a token with a similar structure to Donald Trump’s official memecoin could allow crypto enthusiasts to contribute to debt reduction while indulging their speculative interests.

However, given the US's nearly $36 trillion debt, Cuban acknowledged the impact would be minimal.

Featured Sponsor:

Crypto tax reports in under 20 minutes!

Koinly calculates your cryptocurrency taxes and helps you reduce them for next year. Simple & Reliable.

• Available in 20+ countries

• Free report preview

• Form 8949 & Schedule D

• TurboTax & TaxAct

• HMRC / ATO / CRA Report

🎁Freebie:

Download your free ebook now and take the first step toward mastering CRYPTO IN UNDER 60 MINS!

💡 Feature of the Day: 

Vitalik Retains Ethereum Control [Source][Source][Source]

Ethereum co-founder Vitalik Buterin reaffirmed his authority over the Ethereum Foundation, dismissing calls for leadership changes and condemning harassment against executive director Aya Miyaguchi.

Buterin stated that leadership decisions remain his until planned reforms introduce a formal board.

He criticized toxic community behavior, which he claimed could drive away top talent and hinder Ethereum’s development.

Today’s Sponsor:

This week we have partnered with Gemini.

Gemini is crypto-obsessed and compliance-focused, making it safe and easy to buy and sell crypto.

Over $200 billion USD in volume traded.

Join the movement today with Gemini.

😂 Crypto Meme of the Day: 

Meme of the day provided by @TheBTCTherapist

And that’s it for this today.

Buy, sell, store, and convert crypto with today’s sponsor Gemini, full-reserve and highly-regulated cryptocurrency exchange and custodian!

See you all tomorrow’s edition!

Jonathan Gibson
UseTheBitcoin.com