DOGE’s House Tied to Football Club Under Laundering Probe

House of Doge Linked to Italian Club in Ongoing Money Laundering Investigation

On FEB 6 2026, DOGE rose by 5.1% within 24 hours to reach $0.09231. However, the token has fallen by 10.8% over the last week and 20.83% year-to-date, as a high-profile money laundering investigation into a football club owned by the House of Doge has stirred concerns among investors.

Triestina, a historic third-tier Italian football club, was the subject of police searches on Wednesday as part of an investigation into alleged corporate and financial misconduct. The club, which has faced severe administrative penalties including a 23-point deduction over the past year, was acquired in September 2024 by the . According to the Italian Guardia di Finanza, preliminary investigations suggest that between 2022 and 2025, millions of euros flowed into the club’s accounts, allegedly originating from domestic and international companies. Authorities are examining whether these transactions involved falsified corporate communications and fictitious capital contributions disguised as loans. Non-existent invoices totaling approximately €900,000 have also been flagged for review.

Triestina has acknowledged the investigation and stated it is cooperating fully with judicial authorities to clarify the legitimacy of its recent management actions. The club has not been part of Italy’s top flight since the late 1950s but holds a storied place in Italian football history, with legends like Cesare Maldini and Nereo Rocco linked to its past.

Elon Musk Faces Court Order to Testify in DOGE-Related Lawsuit

In a separate but related development, a U.S. federal court has ruled that Elon Musk can be compelled to testify in a lawsuit accusing him of unlawfully directing the dissolution of the U.S. Agency for International Development (USAID) during his tenure as a senior White House adviser in the Trump administration.

U.S. District Judge Theodore Chuang dismissed the administration’s objections to Musk’s deposition, stating that “extraordinary circumstances justify” his inclusion as a witness. The judge emphasized that Musk’s public endorsements of the agency’s closure and the lack of a comprehensive paper trail left oral testimony as the primary source of evidence.

The lawsuit, brought by current and former USAID employees, claims that Musk’s role in the Department of Government Efficiency (DOGE) led to the improper dismantling of the agency. The judge also ordered depositions from two former USAID officials, Peter Marocco and Jeremy Lewin, who were involved in the process.

The ruling marks a significant legal challenge to Musk’s influence during his time in government and could impact broader perceptions of the DOGE initiative, which aimed to reduce federal spending and streamline government operations.

Z Squared Merger Paves Way for Largest Publicly Traded Dogecoin Miner

In a potentially bullish development for the Dogecoin ecosystem, Z Squared Inc., a digital infrastructure company focused on institutional-scale Dogecoin and Litecoin mining, has received shareholder approval for its merger with Coeptis Therapeutics Holdings. Upon completion, Z Squared is expected to become the largest publicly traded pure-play Dogecoin miner in the United States, deploying 9,800 ASIC miners across facilities in North Carolina, South Carolina, and Iowa.

Z Squared’s business model emphasizes operational efficiency and liquidity, with mined assets typically converted to USD or stablecoins within 24 hours. The company aims to strengthen the security and sustainability of the Dogecoin network through its large-scale mining operations.

While this merger could support long-term network stability, market volatility remains a key concern, as evidenced by recent liquidations. On the same day, a "HODL" whale lost over $19.7 million in total liquidations across multiple positions, including DOGE, amid a broader crypto market sell-off.