South Star Battery Metals Stock (OTC: STSBF)

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South Star Battery Metals Corp is focused on the acquisition and development of near-term mine-production projects, particularly battery minerals for clean energy. The company is currently developing the Santa Cruz Graphite Project in Bahia State, Brazil and also the Alabama Graphite Project in the USA.

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South Star Battery Metals Corp

Tech mogul Elon Musk expressed optimism about his Department of Government Efficiency at Donald Trump's presidential inauguration, even as lawsuits against the agency caused popular dog-themed cryptocurrency Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) to plummet.
What happened: During his speech at a post-inauguration celebration, the Tesla and SpaceX CEO underlined the importance of last year's elections and thanked the American people for voting for Trump.
"It is thanks to you that the future of civilization is assured,&#8221; Musk said. "We&#8217;re going to have safe cities — finally — secure borders, sensible spending."
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Elon Musk speaking ahead of President Donald Trump: "It is thanks to you that the future of civilization is assured. We&#39;re going to have safe cities — finally — secure borders, sensible spending. Basic stuff. And we&#39;re going to take DOGE to Mars!" <a href="https://t.co/jO7NRSzcAP">pic.twitter.com/jO7NRSzcAP</a>
&mdash; America (@america) <a href="https://twitter.com/america/status/1881431934221586632?ref_src=twsrc%5Etfw">January 20, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
In what appeared to be an interesting spin on the popular &#8220;DOGE to the Moon&#8221; phrase common among Dogecoin enthusiasts, Musk remarked, &#8220;We&#8217;re going to take DOGE to Mars," referring to the Department of Government Efficiency.
The Mars mention could also refer to<a href="https://www.benzinga.com/government/regulations/25/01/43086509/trump-unleashes-executive-orders-on-border-security-oil-drilling-domestic-manufacturing-in-first-acts-as-president"> Trump&#8217;s promise to send astronauts</a> to plant the American flag on Mars during his inaugural speech.
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/government/regulations/25/01/42994641/italys-largest-bank-leaps-into-bitcoin-trading-with-1-million-test-investment-but-ceo-says-he-doesnt-invest-in-btc-personally">Italy&#8217;s Largest Bank Leaps Into Bitcoin Trading With $1 Million &#8216;Test&#8217; Investment But CEO Says He Doesn&#8217;t Invest In BTC Personally</a>
Why It Matters: A brainchild of Musk, the Department of Government Efficiency, or DOGE, is an entity<a href="https://www.benzinga.com/news/global/24/11/41927289/trump-appoints-elon-musk-and-vivek-ramaswamy-to-lead-doge-targeting-bureaucracy-and-65-trillion-federal-spending-we-will-not-go-gently"> tasked with cutting federal spending</a> and abolishing superfluous regulations.
The agency, which has received significant attention since Trump officially announced it following his election victory, <a href="https://www.benzinga.com/25/01/43086309/trumps-doge-committee-faces-lawsuit-over-alleged-federal-advisory-violations-and-lack-of-transparency">fell into trouble </a>when a barrage of lawsuits were launched against it shortly after Trump took office.
Additionally, Vivek Ramaswamy, DOGE's co-lead, <a href="https://www.benzinga.com/news/25/01/43078027/vivek-ramaswamy-expected-to-exit-trumps-doge-task-force-amid-ohio-governor-bid-report">was expected to step down</a> from his position, potentially causing further troubles for the agency.
Dogecoin, a cryptocurrency that frequently moves on developments around the agency, fell over 3% on this development. The coin's trading volume also plunged by 22%.
Price Action: At the time of writing, Dogecoin was exchanging hands at $0.3457, down 3.02% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/25/01/42993521/michael-saylors-microstrategy-not-alone-in-bitcoin-acquisition-says-bitwise-chief-investment-officer-its-a-bona-fide-megatrend">Michael Saylor&#8217;s MicroStrategy Not Alone In Bitcoin Acquisition, Says Bitwise Chief Investment Officer: &#8216;It&#8217;s A Bona Fide Megatrend&#8217;</a></li>
</ul>

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

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$DOGE

Elon Musk Says 'DOGE To Mars' But Memecoin Fails To Get A Liftoff Amid Department Of Government Efficiency Lawsuits

President Donald Trump pardoned approximately 1,500 Jan. 6 defendants on Monday, marking his first major executive action after being sworn in as president and fulfilling a key campaign promise to release those he repeatedly called &#8220;hostages.&#8221;
The sweeping clemency includes prominent Proud Boys leaders, with former chief Enrique Tarrio expected to be released from his 22-year seditious conspiracy sentence, according to his attorney Nayib Hassan. Fellow leader Joe Biggs, who was serving 17 years, is also being processed for release.
&#8220;We&#8217;re going to release our great hostages,&#8221; Trump declared at Washington&#8217;s Capital One Arena, reported Reuters. The Bureau of Prisons confirmed immediate releases are possible pending documentation.
The action follows former President Joe Biden&#8216;s pre-emptive pardons in his final hours, which shielded his <a href="https://www.benzinga.com/25/01/43084064/biden-makes-last-day-pardons-to-block-potential-trump-retribution">family members and key officials</a>, including the entire Jan. 6 House Select Committee and their staff. Biden&#8217;s pardons also protected Dr. Anthony Fauci and former Joint Chiefs Chairman Mark Milley from what he called &#8220;unjustified politically motivated prosecutions.&#8221;
Over 600 people were originally charged with assaulting or obstructing police during the Capitol riot, according to Justice Department figures. The unprecedented scale of Trump&#8217;s pardons signals potential market volatility, particularly in sectors sensitive to political uncertainty.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/01/43085491/where-will-sp-500-open-after-trumps-inauguration-39-pick-this-range">EXCLUSIVE: Where Will S&amp;P 500 Open Tuesday After Trump&#8217;s Inauguration? 39% Pick This Range</a></li>
</ul>
Image Via Shutterstock 
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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Trump Pardons 1,500 Jan. 6 Defendants, Including Key Proud Boys Figures, After Biden's Final Hour Clemency

Leading cryptocurrencies failed to rally as expected on Monday after Donald Trump was sworn in as the 47th president of the U.S.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 7:30 p.m. ET)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>+1.57%</td>
<td>$101,346.96</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+1.75%</td>
<td>$3,252.20</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-0.76%</td>
<td>$0.3515</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin fell steadily, reaching an intraday low of $100,626 as the top cryptocurrency failed to capitalize on its <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43079668/bitcoin-hits-record-109000-ahead-of-trumps-inauguration-sparks-market-rally">surge to fresh highs of $109,000</a> ahead of the inauguration.&nbsp;
Ethereum followed a similar trajectory, retracing from a high of $3,425 to as low as $3,228.
The excitement was likely muted after Trump&#8217;s inauguration address <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43085738/trumps-crypto-silence-inauguration-omission-sparks-questions-after-history-of-mixed-signals">made no mention of cryptocurrency or Bitcoin</a>, contrary to expectations.
Moreover, <a href="https://www.benzinga.com/25/01/43086309/trumps-doge-committee-faces-lawsuit-over-alleged-federal-advisory-violations-and-lack-of-transparency">lawsuits</a> against the new Elon Musk-headed Department of Government Efficiency affected sentiment around Dogecoin.
About $756 million was liquidated from the market in the last 24 hours, including roughly $500 million on upside bets.
Bitcoin's Open Interest rose 1.36% in the last 24 hours, coinciding with a similar rise in the spot price.
That said, over 51% of derivatives traders had short positions opened for Bitcoin, suggesting expectations of further correction in the days ahead.
The market sentiment remained in the "Extreme Greed" zone, according to the Crypto Fear &amp; Greed Index.
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 7:30 p.m. ET)</td>
</tr>
<tr>
<td>Raydium (RAY)</td>
<td>+14.71%</td>
<td>$7.36</td>
</tr>
<tr>
<td>ai16z (AI16Z)</td>
<td>+13.29%</td>
<td>$0.9323</td>
</tr>
<tr>
<td>Lido DAO (LDO)</td>
<td>+12.13%</td>
<td>$1.82</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $3.53 trillion, increasing by 1.36% in the last 24 hours.
Stock futures spiked during Monday evening as President Trump began his second term. The Dow Jones Industrial Average Futures rose 241 points, or 0.56%, as of 7:30 p.m. EDT.&nbsp; Futures tied to the S&amp;P 500 gained 0.51%, while Nasdaq 100 Futures added 0.56%.
The New York Stock Exchange and Nasdaq were closed on Monday to commemorate Martin Luther King Jr. Day and the markets will resume trading on Tuesday.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Widely followed cryptocurrency analyst Rekt Capital drew attention to the successful retest of $101,000 as Bitcoin's support.
"This confluent support may serve as a floor for future price action, enabling consolidation within this current $101,000-$106,000 range," the analyst added.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> Bitcoin never ceases to amaze with its price action Harsh rejection from the Range High but the most important takeaway is this: Bitcoin has successfully retested the red diagonal and black Range Low of $101k as support This confluent support may serve as a floor for… <a href="https://t.co/ZEFwviuIoF">https://t.co/ZEFwviuIoF</a> <a href="https://t.co/MA1Xknbfhf">pic.twitter.com/MA1Xknbfhf</a>
&mdash; Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1881403885484487086?ref_src=twsrc%5Etfw">January 20, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Another popular on-chain analyst and chartist, Ali Martinez, identified Ethereum&#8217;s $2,700–$3,000 support zone as an area of interest.
"This demand area must hold to maintain ETH's bullish outlook. A breakdown could invalidate the positive momentum," Martinez remarked.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Keep an eye on the $2,700–$3,000 support zone. This demand area must hold to maintain the <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw">#Ethereum</a> <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> bullish outlook. A breakdown could invalidate the positive momentum.<a href="https://t.co/nzqYWTHqEf">https://t.co/nzqYWTHqEf</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1881338342748647832?ref_src=twsrc%5Etfw">January 20, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Photo by Avi Rozen on Shutterstock
Read Next:    
<ul>
<li><a href="https://www.benzinga.com/25/01/43086309/trumps-doge-committee-faces-lawsuit-over-alleged-federal-advisory-violations-and-lack-of-transparency">Trump&#8217;s DOGE Committee Faces Lawsuits Over Alleged Federal Advisory Violations, Lack Of Transparency</a></li>
</ul>

Bitcoin, Ethereum, Dogecoin Retrace From Pre-Inauguration Highs As Trump Skips Crypto Mention: Analyst Highlights BTC Consolidation In $101K-$106K Range

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