DeFI News by Thebittimes.Com

Elon Musk’s personal lawyer Alex Spiro will chair a new public company that plans to raise at least $200 million to create a Dogecoin (DOGE) treasury firm. That’s according to a Fortune report that cited sources familiar with the matter who said the exact launch date and corporate structure of the digital asset treasury company is still unknown. It added that the entity is still in the pitching stage.  But the initiative also has the endorsement of House of Doge, a corporate entity that was launched in early 2025 by the Dogecoin Foundation, the report said.  Despite the news, the DOGE price slid over 1% in the past 24 hours to trade at $0.2174 as of 1:50 a.m. EST in line with a broad pullback that saw the crypto sector’s market cap drop over 2% to around $3.77 trillion. DOGE price chart (Source: CoinMarketCap )  The meme coin has plunged more than 8% in the past week.  Number Of Dogecoin Treasuries Is Slowly Growing Up until now, crypto...

Toncoin (TON) is experiencing strong buying pressure, surging over 15% as investors react to news of a partnership between xAI and Telegram. At press time, TON was trading at $3.47, up 15.65% in the last 24 hours. On the weekly chart, the token has gained nearly 12%. Meanwhile, Toncoin’s market cap has climbed to $8.68 billion, up from $7.45 billion just 24 hours earlier. TON one-day price chart. Source: Finbold The renewed momentum comes after xAI, the artificial intelligence (AI) company founded by Elon Musk, announced a partnership to integrate its Grok chatbot into the Telegram messaging platform. The one-year agreement between xAI and Telegram marks a significant step for both companies. Under the deal, Telegram will receive $300 million in a mix of cash and equity, along with 50% of all revenue from xAI subscriptions sold through the platform. How Grok in Telegram will operate  Grok will be fully embedded in Telegram’s apps and accessible dire...

The de-dollarization movement has become a hot topic in financial and political circles. The dominance of the US dollar has been put into question over the last decade. The BRICS bloc of nations, China and Russia in particular, has expressed the desire for an alternate currency system. While the movement has garnered worry from many leaders, some experts are not very concerned. Also Read: Pi Coin Price Prediction: $600 Investment Could Make You a Mini-Whale by 2030 Nobel Prize-Winning Economist Not Worried About De-Dollarization Source: Cloudfront In April 2023, Elon Musk replied to an X post talking about de-dollarization. The post highlighted how the dollar’s share went from 73% in 2001 to 55% in 2020. It further stated how the greenback’s share went from 55% to 47% after Western sanctions on Russia. Musk also gave his thoughts on the matter. He stated, “ If you weaponize currency enough times, other countries will stop using it. “ If you weaponize currency eno...

Summary: ⚈ Scammers are pushing fake Grok meme coins by falsely linking them to Elon Musk. ⚈ Fraudsters also impersonated the Tate brothers in a DADDY coin dinner scam. ⚈ Despite rising fraud, some traders profit from volatile meme coin surges. During the first quarter (Q1) of 2025, cryptocurrency traders lost more than $1.7 billion in various digital asset hacks and attacks, per Finbold’s Q1 crypto market report, with an untold amount stolen via fraud and scams. One deception that has been growing increasingly common since the start of the year is the numerous meme coins paying homage to xAI’s Grok artificial intelligence (AI) model.  While there is nothing wrong with basing an altcoin on an AI platform inspired by The Hitchhiker’s Guide to the Galaxy, the name’s newfound association with billionaire Elon Musk has given rise to a shady marketing practice. The Grok meme coin scam Scammers are flooding the social media platform X, as well as oth...

Elon Musk’s social media platform X (formerly Twitter) is back to a valuation of $44 billion, according to sources close to a deal around X. Investors valued the platform at $44B in a so-called secondary deal earlier this month, in which they exchanged existing stakes in the company. The company’s valuation has been on a decline since Musk acquired the platform 3 years ago for $44 billion. JUST IN: X (Twitter) is back to a $44 billion valuation. pic.twitter.com/dk4QSNR9Fd — Watcher.Guru (@WatcherGuru) March 19, 2025 In Musk’s time as the head of X, has loosened the platform’s moderation policies, something that prompted many advertisers to leave. The decline in advertisers caused X’s value to deteriorate, recently to as low as $10 billion. X’s revenues have also dropped since Musk’s takeover. However, the platform posted about $1.2bn in adjusted earnings before interest, taxes, depreciation, and amortization in 2024, according to those sources. X is Back Making M...

Dogecoin (DOGE) has had a rough few years. The asset is down by 65.6% from its 2021 peak. DOGE’s price skyrocketed during the 2021 bull run. Early investors made millions of dollars in profit. Also Read: GTA 6: Rockstar Games Reveal Why it Took 12 Years to Develop the Game $1000 Investment In Dogecoin Becomes $2.8 Million Today Source: Watcher Guru DOGE was at its lowest point in May 2015. If you put in $1000 in DOGE when it was at its bottom, the investment would have grown to more than $2.8 million today. Your portfolio would have grown by 282,019.7% Source: Changelly Also Read: ChatGPT Predicts XRP’s Price If Ripple Wins Its Case Against The US SEC Dogecoin (DOGE) hit an all-time high of $0.731 on May 8, 2021. If you had sold your $1000 worth of DOGE when the asset was at its peak, you would have made $7.56 million. In this scenario, your portfolio would have grown by 756,170.05%. Source: Changelly Can You Still Become A Millionaire With The Memecoin? Many believe that the DOGE...

Due to its close association with Tesla chief Elon Musk, Dogecoin (Doge) is one of the most trending cryptocurrency tokens. Musk is all set to chair a new DOGE department with the US political regime, supporting Trump in his endeavor to make America great again. The Doge-Musk association has fueled many narratives about Dogecoin, including how it may soon become an integral part of the X payment system. The answer was right before our eyes, with X bot Grok responding to when Doge payments will be launched on X. Also Read: Donald Trump Appoints David Sacks As Cryptocurrency & AI Czar X Bot Grok Knows About Doge Payments Source – TechCrunch Elon Musk and his close association with Dogecoin is renowned globally. There have been many instances where Musk has openly promoted Doge, adding to its credibility and potential as an able cryptocurrency. The token has long been part of the speculatory regime, fueling anticipation concerning its deployment with the X payment program. The token ...

Shiba Inu (SHIB) is among the standout cryptocurrencies in the ongoing market rally. The meme coin has broken into the top 10 digital assets by market capitalization. At press time, SHIB was valued at $0.00002778, up almost 7% in the last 24 hours. On the weekly chart, the token has rallied by 62% amid sustained buying pressure, pushing its market cap to $16.80 billion. SHIB seven-day price chart. Source: Finbold What next for SHIB?  Technical indicators suggest that SHIB will likely sustain the current momentum in both the short and long term. The token’s valuation currently stands above the 50-day and 200-day moving averages.  Picks for you Will XRP finally hit $1 during the current bully cycle? 1 hour ago Fake New...

The Department of Government Efficiency price soared 116% in the last 24 hours to trade at $0.1412 as of 02:25 a.m. EST on trading volume that skyrocketed 112% to $30 million. This comes amid speculation surrounding Elon Musk and his possible involvement in Donald Trump’s incoming administration. Trump referred to Musk as a potential “secretary of cost-cutting” but clarified that he would not have a cabinet position. It’s been speculated he could head a Department of Government Efficiency (DOGE), named after the DOGE meme coin that Musk often promotes. Department Of Government Efficiency Price Could Still Soar The Department of Government Efficiency price is coming out of a consolidation phase in November around the $0.0552 range, according to data from GeckoTerminal . DOGE has dramatically surged on a parabolic curve in the last few days, which is a sign that the asset could still be on a sustained bullish trend to the upside. The Department of Government ...

The Dogecoin price surged 26% in the last 24 hours to trade at $0.2045 as of 02:37 a.m. EST on trading volume that skyrocketed 227% to $10.3 billion. This comes as Donald Trump is set to become president for the second time after defeating Kamala Harris in the US election. Trump has promised to be ”crypto president” and Dogecoin may be a big winner if Trump appoints DOGE fan Elon Musk to head a Department of Government Efficiency (DOGE) in his administration. Dogecoin Price Could Continue Soaring According to the DOGE/USD chart Analysis , the Dogecoin price is currently capitalizing on the cup and handle pattern, formed as DOGE found support within the $0.096 support, according to data from GeckoTerminal . The uptrend has pushed the price of Dogecoin to now trade above both the 50-day and 200-day Simple Moving Averages (SMAs), which is an indication that the price may continue soaring. Moreover, the 50-day SMA has now surpassed the 200-day SMA, which has now formed a go...

Elon Musk has garnered significant popularity in the ongoing US elections. Musk has been noted for promoting former US president Donald Trump and propagating the narrative that Trump’s win is critical for US democracy and the nation’s integrity on a global level. At the same time, Trump has also shown his adoration for Musk by promising him a cabinet role, adding that the former president would not mind and would deliver Musk a cabinet role if he won the US elections. If this happens, the development could be a game changer for US politics and crypto. Also Read: BRICS: JP Morgan Predicts the Future of the US Dollar Can Musk’s Political Stint Impact DOGE? David Gokhshtein revealed that he wouldn’t be surprised if Elon Musk decides to make Dogecoin the crypto of the space economy. Elon Musk is known for many things, but most importantly, the Tesla chief is known to be an avid proponent of Bitcoin. Dogecoin has often seen incredible price pumps due to Musk’s impromptu mentions of DOG...

Dogecoin (DOGE) is currently the second-best performing cryptocurrency in the weekly charts among the top 100 projects by market cap. The original meme coin has rallied 2.9% in the last 24 hours, 32.6% in the weekly charts, 27.3% in the 14-day charts, 38.4% over the previous month, and nearly 144% since October 2023. Also Read: Buy Bitcoin Online with Prepaid Card Ireland Factors Driving Dogecoin’s Rally Source: CoinGecko Why Is Dogecoin Rallying? The cryptocurrency market seems to be rebounding from the dip earlier this month. Bitcoin (BTC) is inching closer to the $70,000 mark. Other assets are also in the green zone, following the historical trend of a bullish October. Also Read: How to Add uniChain to MetaMask? DOGE’s latest rally could be due to Elon Musk’s town hall appearance on Oct. 17, supporting Donald Trump in his Presidential race. Musk also desires to open a Department of Governmental Efficiency, aka DOGE. Many analysts anticipate a market-wide rally if Tr...