Musk’s lawyer Alex Spiro to chair $200M Dogecoin treasury company

Elon Musk’s attorney Alex Spiro is set to chair a new public company that aims to raise $200 million to invest in Dogecoin, according to a Fortune report citing six people familiar with the deal. The initiative is being pitched to investors as a Dogecoin (DOGE) treasury vehicle with the endorsement of House of Doge,…

What Happened In Crypto Today

Today in crypto, the Ethereum Foundation paused its open grant applications, Avalanche led blockchain activity with a 66% weekly jump to 11.9 million transactions, and the US Treasury’s FinCEN reported that American banks have been moving billions annually for suspected money launderers. Faced with application influx, Ethereum Foundation pauses open grant submissions After funding hundreds…

Why Bitcoin Pivots No Longer Guarantee a Stock Pump

The number of Bitcoin (BTC) treasury firms keeps on climbing, but announcing a BTC strategy is no longer a guaranteed way to pump a company’s share price. The model was pioneered by Strategy (formerly MicroStrategy), now the world’s largest publicly traded corporate holder with 632,457 BTC at the time of writing. Since its first purchase…

Pudgy Penguins Token Declines Sharply in August Amid NFT Market Downturn

Pudgy Penguins’ native token slipped on Friday despite the project’s new title ranking among Apple’s top downloads. The PENGU (PENGU) token fell by nearly 4% on Friday, following the launch of Pudgy Party, a battle royale game released on Android and iOS, regardless the game recording over 50,000 downloads on the Google Play store and…

BTC’s next stop may be $100K: Will Altcoins Collapse Too?

Key points: Bitcoin risks falling into the $105,000 to $100,000 range over the weekend. Ether has pulled back in the near term, but remains above the crucial $4,094 support. Bitcoin (BTC) dropped near $108,100 on Friday, its lowest level since July 8. That suggests the bulls are losing their grip. Veteran trader Peter Brandt said…

Bitcoin Drop Driven By US Trade Deficit, China Banks

Key takeaways: Rising US trade deficits, insider stock sales, and weak Chinese banks heightened global investor caution. Whales and miners keep selling Bitcoin, but macroeconomic weakness remains the dominant driver. Bitcoin (BTC) dropped to its lowest level in 50 days, below $108,000. The sharp decline caught traders off guard and triggered $137 million in liquidations…

Eliza Labs Files Lawsuit Against Musk’s xAI Alleging Monopolistic Behavior

Agentic AI project Eliza Labs has filed a lawsuit against Elon Musk’s xAI, claiming that the AI company engaged in monopolistic practices meant to “deplatform” agentic AI launchpads. The lawsuit claims that xAI attempted to “extract” valuable information, including technical documentation and usage figures related to the development of Eliza Labs’ platform, to copy its…

Flare Lands Second Public Company For its XRP DeFi Framework

XRP’s slow push into institutional finance just picked up another backer. Data-focused blockchain firm Flare announced on Friday that Everything Blockchain Inc. (OTC: EBZT), a U.S.-listed company, has signed a memorandum of understanding to adopt its XRP finance (XRPFi) framework for corporate treasury yield. The move comes months after Nasdaq-listed VivoPower International PLC (NASDAQ: VVPR)…

ETH Risks 10% Correction As $4.3K Support Is Tested

Key takeaways: Ether slipped under $4,300 after failing to sustain momentum above $4,700, with $338 million in liquidations adding to the sell pressure. Analysts highlight $4,300 as a pivotal support, but the history of September weakness raises the risk of a 10% drawdown. An open interest contraction and negative funding rates suggest long positions are…

Bitcoin whales rotate into Ether, despite $5B ETH validator exit queue

Bitcoin whales, or large tokenholders, are selling more of the world’s first cryptocurrency to gain exposure to Ether’s price. The move signals the market’s “natural rotation” into Ether (ETH) and other altcoins with more upside potential, Nicolai Sondergaard, research analyst at crypto intelligence platform Nansen, told Cointelegraph. The growing investor capital rotation occurred despite increasing…