Dogecoin co-founder Billy Markus proposed a $1.2 trillion Dogecoin purchase as an alternative to the U.S. government's $5,000 stimulus checks, arguing that direct payments could worsen inflation. Markus highlighted Dogecoin's diminishing inflation rate due to its fixed yearly issuance, suggesting this property makes it a better option. However, the $1.2 trillion figure exceeds Dogecoin's current market cap and total supply value, indicating the idea is more symbolic or humorous than practical. This reflects ongoing concerns about inflation and economic stimulus effectiveness amid worsening consumer sentiment.
Bitcoin briefly fell to about $76,050 following the release of the US inflation report, which showed a 0.4% increase in the Consumer Price Index for August and a core inflation rise of 0.3%, slightly above expectations. Despite this, Bitcoin quickly ...
Bitcoin is trading around $77,602 with a modest gain of 0.89%, while Ethereum leads with a 4.97% rise to $2,560. Other cryptocurrencies like Binance Coin, Ripple, and Solana also show positive price changes. Some altcoins experience declines, indicat...
Cryptocurrency prices exhibit a range of changes, with Ethereum (ETH) rising over 7% and NEAR gaining more than 9%. Bitcoin (BTC) increased nearly 2%, while several altcoins like Binance Coin (BNB), Ripple (XRP), and Cardano (ADA) also posted gains. ...
Dogecoin's price dropped nearly 2% to about $0.083 after Bitwise announced it will liquidate its Dogecoin ETF, BWOW, just 10 months after launch due to low investor interest. The ETF will stop trading on October 14, with cash proceeds distributed on ...
Bitwise announced it will liquidate its Spot Dogecoin ETF (BWOW) due to prolonged low liquidity and weak investor interest, with cumulative net outflows of $1.23 million. The fund, holding $687,000 in net assets, will cease trading on October 14, wit...
