Day: August 29, 2025

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

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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, the corporate entity launched in early 2025 by the Dogecoin Foundation and headquartered in Miami, Fortune reported Friday. The company seeks to raise at least $200 million as a public vehicle to hold Dogecoin on…

Japanese Game Developer Gumi to Acquire 2.5 Billion Yen Worth of XRP

Key Notes Gumi’s board approved purchasing 6 million XRP tokens worth $17 million between September 2025 and February 2026. The company positions XRP as a growth asset complementing Bitcoin’s stability role in their dual-cryptocurrency strategy. SBI Holdings partnership influenced the decision, aligning with Japan’s RLUSD stablecoin launch plans for early 2026. Gumi confirmed its board of directors approved the acquisition of XRP XRP $2.80 24h volatility: 5.8% Market cap: $166.28 B Vol. 24h: $7.33 B to complement the company’s existing Bitcoin exposure. According to the official announcement, Gumi’s board approved…

🔴Phân tích Bitcoin hôm nay & Cập nhật thị trường Crypto Mới Nhất ngày 11/08/2025

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World’s Largest Crypto Exchange by Trading Volume Announces Airdrop for New Layer-1 Altcoin

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Binance, the world’s largest crypto exchange platform by trading volume, is announcing an airdrop for a new layer-1 altcoin focused on cross-chain liquidity pools. In a new update, Binance says that it’s adding decentralized finance (DeFi) project Mitosis (MITO) to its HODLer Airdrops program, which rewards users based on their balance of BNB, the native asset of the crypto exchange. “Binance is excited to announce the 34th project on the HODLer Airdrops page – Mitosis, a Layer 1 blockchain designed to unify fragmented crypto liquidity by enabling assets to be…

Pudgy Penguins Token Declines Sharply in August Amid NFT Market Downturn

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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 landing in the top 10 most downloaded games on Apple’s App Store. Pudgy Penguins is a popular non-fungible token (NFT) project in the crypto space. The project supplements its onchain digital presence with trading cards,…

Shiba Inu Price Set For 650% Expansion To $0.00009 ATH If This Happens

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Shiba Inu’s price action in recent days has been largely subdued, and many traders would argue it has had the most disappointing meme performance lately. The price has been range-bound between $0.00001345 and $0.00001190 for much of August, showing low volatility as traders wait for a decisive move.  Nonetheless, a new technical analysis suggests that SHIB may be approaching the end of its consolidation cycle. According to analyst Kamran Asghar, the weekly chart is showing signs of preparing for a major expansion phase that could unlock a rally of more…

Monero Developers Discuss ‘Publish or Perish’ Proposal to Mitigate Qubic Attacks

Key Notes The proposal introduces “late block” penalties to prevent miners from withholding blocks during selfish mining strategies. Reward Splitting would ensure orphaned blocks from honest miners still receive proportional compensation for their work. XMR price dropped 20% since attacks began, trading below $260 while Google searches for privacy coins hit record highs. Monero has been suffering from what is called a selfish mining strategy, or attack, perpetrated by the Qubic Pool—led by Sergey Ivancheglo, also known as Come-from-Beyond (CFB)—as Coinspeaker has been covering. In this context, core contributors, in…

Chinese Real Estate Giant Seazen Group to Launch NFTs, Issue Tokenized Private Debt

Key Notes Seazen creates Digital Assets Institute under Vice Chairman Wang Yifen to issue tokenized bonds and debt instruments. Company plans NFT tokenization of Wuyue Plaza shopping centers as part of broader real world asset digitization strategy. Initiative capitalizes on Hong Kong’s progressive crypto stance while China reportedly considers yuan-backed stablecoin development. Seazen Group, one of China’s largest real estate and investment firms, has announced its intent to raise funds through the creation of tokenized real world assets (RWAs) amid the shifting Chinese crypto landscape. According to an Aug. 29…

Bitcoin Drop Driven By US Trade Deficit, China Banks

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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 of leveraged bullish positions. The move came after a 1.2% pullback in the tech-heavy Nasdaq 100 index, driven by growing doubts about the sustainability of artificial intelligence sector growth. Market participants are now weighing whether…