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According to ChainCatcher, citing Jintou and The Washington Post as well as four government officials, the U.S. Government Efficiency Department (DOGE) is deploying a new artificial intelligence tool aimed at drastically reducing federal regulations, with the goal of eliminating half of all regulatory requirements before the first anniversary of Trump’s inauguration. The tool, named the “DOGE AI Deregulation Decision Tool,” is set to analyze approximately 200,000 federal regulations to identify which can be repealed. According to a presentation on July 1, the tool is expected to cut about 100,000 regulatory entries. The report also notes that the tool will save the U.S. trillions of dollars by reducing compliance requirements, slashing the federal budget, and unlocking “external investment.” The report states that the tool has already successfully deleted over 1,000 “regulatory provisions” from the Department of Housing and Urban Development in less than two weeks, and has completed “100% of deregulation work” at the Consumer Financial Protection Bureau.

According to Jinse Finance, the floor price of the NFT project Rektguy has increased by 47.59% in the past 24 hours, rising to 1.062 ETH, with a 7-day increase of 108.24%.