Latest news with #HouseofDoge
Yahoo
10-04-2025
- Business
- Yahoo
21Shares Files U.S. Registration for Dogecoin Spot ETF
Crypto asset manager 21Shares has submitted an initial filing with the U.S. Securities and Exchange Commission (SEC) to launch a spot exchange-traded fund (ETF) for Dogecoin (DOGE). This move follows similar filings by competitors Bitwise and Grayscale. The registration statement, filed on April 9, outlines the firm's intent to track the price of the popular meme coin, which currently holds a market cap of approximately $24.2 billion, making it the eighth-largest crypto by value. The proposed ETF will partner with the Dogecoin Foundation's corporate arm, House of Doge, for marketing efforts. While 21Shares has indicated that Coinbase Custody will serve as the custodian for the fund, specific details regarding fees, a ticker symbol, and the exchange for listing have yet to be disclosed. In addition to the Dogecoin ETF, 21Shares has a history of expanding its spot crypto ETF offerings, which currently include only Bitcoin (BTC) and Ether (ETH) funds. The firm also filed for a spot Polkadot (DOT) ETF in February and sought approval for a spot XRP (XRP) ETF last year. Analysts suggest that the recent influx of crypto ETF filings reflects a strategy by issuers to explore what products may gain approval from the SEC under its new leadership. Bloomberg ETF analysts James Seyffart and Eric Balchunas estimate a 75% chance for SEC approval of the spot Dogecoin ETF this year, while Polymarket's betting odds are slightly lower at 64%. In a related development, 21Shares has also announced a partnership with House of Doge to launch a fully backed Dogecoin exchange-traded product on Switzerland's SIX Swiss Exchange, which will carry the ticker 'DOGE' and feature a 2.5% fee. Sign in to access your portfolio
Yahoo
28-03-2025
- Business
- Yahoo
Why Dogecoin, Shiba Inu, and Pepe Are Among the Top Meme Coins Surging Today
Meme coin movements have elevated beyond a niche group of investors and toward the mainstream. In the cryptocurrency sector, the variety of animal-inspired meme tokens continues to grow. But Dogecoin (CRYPTO: DOGE), Shiba Inu (CRYPTO: SHIB), and Pepe (CRYPTO: PEPE) are what most investors consider to be the most credible options for investing, or at least trading. And these tokens are ones that many investors a year ago may not have known about. Today, these three tokens are up 2%, 4.3%, and 5.8%, respectively, over the past 24 hours as of 3:30 p.m. ET. With 10- and 11-figure market capitalizations, these are significant assets that continue to garner tremendous attention from the investing community for a number of reasons. Most are well aware of the value highly volatile assets such as meme tokens can provide to traders. However, it's also true that longer-term investors find other reasons to buy these tokens when they appear cheap (or have momentum on their side). Today's rally does appear to be based on a number of fundamental factors, as it's not demand for speculative assets driving the boat today (the Nasdaq is down more than 2% at the time of writing). The fact that these three speculative assets are catching a bid today as risk takers appear to be pulling back on other tech-related investments isn't lost on many market watchers. However, there do appear to be some intriguing catalysts investors are focusing on with these three tokens. In the case of Dogecoin, a recently formed corporate arm of the Dogecoin Foundation called House of Doge appears to be driving interest in this mega-cap meme token today. A press release highlighting plans to launch "The Official Dogecoin Reserve" appears to have some investors rethinking their view of the token as a potential payment solution and/or store of value. While that may seem far-fetched, this is a widely held asset in the crypto community, with an investor base that typically follows news flow much more closely than the average investor. We'll have to see how this catalyst plays out over time, but it's certainly something to watch. As I pointed out in a recent piece, Shiba Inu has seen some fundamental price support build thanks to the project's focus on increasing its token burn. Today brings more news on this front, with reports circulating that an anonymous user has transferred 1 billion tokens to a dead wallet, removing them from circulating supply. I'll be keeping a close eye on developments on this front, but the fewer tokens there are for this capped meme token, the better for existing investors looking for reasons to hold. Pepe's recent rally has outpaced both Dogecoin and Shiba Inu, with some investors pointing to technical factors (and the token's relative size compared to these other two large-cap projects) as reasons why Pepe has seen an outsize move. Looking at derivatives markets, one of the interesting factors behind the scenes is the amount of long liquidations as a percentage of total (around $477,00 out of $498,000 in the past 24 hours). This suggests to me that investors are still mostly on one side of the boat, and likely ramping up bets on an even higher Pepe price moving forward. These three meme tokens remain highly speculative investments, and the sheer derivatives volume for these projects compared to their market capitalizations suggests that the volatility may not only continue, but ramp up if some sort of shock befalls the market. I'm going to continue to monitor how these three tokens perform, but for now, I'm going to happily watch this price action from the sidelines. Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a 'Double Down' stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you'd have $312,980!* Apple: if you invested $1,000 when we doubled down in 2008, you'd have $42,421!* Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $537,825!* Right now, we're issuing 'Double Down' alerts for three incredible companies, and there may not be another chance like this anytime soon.*Stock Advisor returns as of March 24, 2025 Chris MacDonald has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Dogecoin, Shiba Inu, and Pepe Are Among the Top Meme Coins Surging Today was originally published by The Motley Fool Sign in to access your portfolio
Yahoo
27-03-2025
- Business
- Yahoo
Dogecoin jumps after launch of official reserve, surpasses Cardano
Dogecoin's price has spiked more than 5% a day after the launch of the Official Dogecoin Reserve. On March 24, the Dogecoin Foundation's corporate arm, House of Doge, announced the launch of an Official Dogecoin Reserve. The Reserve's first purchase is worth approximately $1.8 million in 10 million DOGE tokens. House of Doge said the Reserve's launch is a step in the group's strategy to make DOGE 'a fast and reliable payment option' everywhere. It will announce its first strategic partnerships in the coming months to demonstrate DOGE's real-world payment utility. House of Doge's member of the board-elect, Michael Galloro, said, 'By maintaining a reserve, we can bridge the gap between transaction processing times and real-world usability, making Dogecoin extremely practical for everyday purchases.' Notably, President Donald Trump signed an executive order on March 6 to create a Strategic Bitcoin Reserve. The meme coin, launched to parody Bitcoin, is trying to follow suit in order to establish itself as a mainstream payment option that it has failed to do so far. DOGE's price rallied more than 5% within the last 24 hours and was trading at $0.1922 at press time, as per Kraken's price feeds. Around 8.50 billion DOGE coins worth $1.62 billion have been traded within the last 24 hours. As the meme coin surged $28.47 billion in market capitalization, DOGE surpassed Cardano (ADA) to emerge as the 8th largest cryptocurrency. ADA had a market cap of $26.56 billion at press time. Nonetheless, DOGE's current price is still 75% lower than its all-time high (ATH) of $0.7316 that it hit on May 8, 2021.
Yahoo
25-03-2025
- Business
- Yahoo
Bitcoin Reserve? No, 'House Of Doge' Just Launched A Dogecoin Reserve Valued $1.83 Million
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. A newly launched reserve of 10 million Dogecoin (CRYPTO: DOGE), valued at approximately $1.83 million, has been established to advance the cryptocurrency's use in real-world payments. What Happened: The initiative, spearheaded by House of Doge, a newly formed organization dedicated to expanding Dogecoin's adoption through business partnerships and integrations, aims to position DOGE as a mainstream payment tool for consumers and merchants alike, Decrypt reported on Monday. Don't Miss: 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can invest today for just $0.26/share with a $1000 minimum. Hasbro, MGM, and Skechers Trust This AI Marketing Firm — Invest Pre-IPO from $0.55 per share. Unlike traditional reserves such as the strategic Bitcoin reserve, which are primarily used as financial hedges, this Dogecoin reserve will serve as a liquidity pool to ease and support transactions across a global network of businesses. "House of Doge is laying the groundwork for a robust payments ecosystem designed to deliver liquidity and reliability," said Michael Galloro, a board-elect member of House of Doge. "The reserve helps ensure that Dogecoin can be used practically for daily purchases by smoothing transaction processing times." The reserve is intended to address blockchain-related delays, which House of Doge sees as a barrier to the widespread use of digital assets in retail liquidity, the organization plans to implement loyalty programs and offer incentives to merchants that accept DOGE. An official announcement of its first major partnership is expected in the near future. Dogecoin has been gaining increased recognition in financial markets. Asset managers like Grayscale and Bitwise have recently filed for Dogecoin-focused exchange-traded funds (ETFs), reinforcing the meme coin's growing legitimacy. What's Next: Further expanding its cultural footprint, Dogecoin's famed Shiba Inu (CRYPTO: SHIB) mascot will soon appear on the helmet and car of IndyCar driver Devlin DeFrancesco during the upcoming Indianapolis 500. Read Next: This platform is reshaping how you invest in private companies — and you can be a part of it for $0.18 per share. It's no wonder Jeff Bezos holds over $250 million in art — this alternative asset has outpaced the S&P 500 since 1995, delivering an average annual return of 11.4%. Here's how everyday investors are getting started. Image: Shutterstock This article Bitcoin Reserve? No, 'House Of Doge' Just Launched A Dogecoin Reserve Valued $1.83 Million originally appeared on Sign in to access your portfolio
