4/7/2025
Category: News
COCO PAY News Digest: Musk Won’t Implement Dogecoin in State Processes, Trump Imposes Global Tariffs, and CZ Donates to Earthquake Victims in Asia

COCO PAY brings you the top web3 stories of the past week. Don’t miss it!  

 

— The US will not integrate Dogecoin into government processes — confirmed by Elon Musk, head of the Department of Government Efficiency (DOGE).  

— The European Insurance and Occupational Pensions Authority (EIOPA) proposed requiring insurers to back crypto assets with capital equal to their full value.  

— Musk’s AI company xAI acquired his own social platform X in a stock swap deal. xAI was valued at $80 billion, while X was valued at $33 billion, including $12 billion in debt.  

— Coinbase CEO Brian Armstrong suggested amending US law to allow stablecoin issuers to pay interest directly to users’ on-chain wallets.  

— Mastercard announced the expansion of its Multi-Token Network (MTN), aiming to integrate digital assets with traditional finance and improve payments to the level of Venmo and Zelle.  

— US President Donald Trump announced new import tariffs — starting April 5, all foreign goods will be taxed at a minimum of 10%.  

— Following a leaked conversation among senior Trump administration officials, mistakenly sent to a journalist from *The Atlantic*, the Signal messenger saw a surge in popularity.  

— Binance co-founder Changpeng Zhao (CZ) donated 1,000 BNB tokens (about $600,000) to support victims of a 7.7-magnitude earthquake that struck Thailand and Myanmar on March 28.  

 

More updates soon. COCO PAY — always keeping you informed!  

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