Much Sad News of an investigation and joint lawsuit filed against Elon Musk has sent Musk's pet crypto project, Dogecoin, into a 15 percent tumble. The legal actions come as Musk's team has begun riffling through public data after effectively seizing control of the Treasury Department,

Dogecoin price stabilized around the $0.26 level on Wednesday amid a 22% weekly decline as crypto markets tumbled further. Elon Musk’s latest ‘DOGE’ tweets amid an ongoing face-off with the US Treasury have sparked testy market reactions. Technical indicators show a potential death cross, raising concerns of further downside if key support fails.

Since taking office for his second term, President Donald Trump has issued a number of orders which included establishing the Department of Government Efficiency, also known as DOGE. This program, led by Musk, has caused a stir by going through government programs to validate funding.