MOON DOGE priceDOGE

Dogecoin (DOGE) and XRP saw a sharp price increase of over 10% on Friday after the U.S. Securities and Exchange Commission (SEC) acknowledged spot Exchange-Traded Fund (ETF) filings from Grayscale Investments and 21Shares. Notably, on Thursday, the SEC officially published a regulatory notice seeking public comments on the proposed rule changes required to list Grayscale’s XRP and Dogecoin Trusts under NYSE Arca Rule 8.201-E. This acknowledgment marks the beginning of the formal review process, which spans up to 240 days, during which the SEC must approve or reject the applications. Grayscale’s strategy for the Dogecoin ETF involves structuring it so that authorized participants handle cash transactions rather than directly holding DOGE, addressing potential regulatory concerns. Coinbase Custody has been designated as the custodian, while BNY Mellon will oversee administrative functions. Meanwhile, the SEC also recognized the XRP ETF application submitted by asset manager 21Shares on Friday. However, it is important to note that while these acknowledgments do not equate to approval, they represent a significant first step in the regulatory process. “To be sure, there’s still a whole process to go through with all of these new crypto ETF filings (LTC, DOGE, SOL, XRP, etc.), but this is a good first step as it means there’s at least a chance these products could launch in the future,” tweeted Eleanor Terrett, a crypto-journalist at Fox Business. Meanwhile, the news has sparked optimism among investors, with Polymarket data showing that the odds of DOGE and XRP ETFs being approved have risen to 75% and 78%, respectively. Elsewhere, Bloomberg ETF analyst James Seyffart estimated XRP has a 65% chance of securing ETF approval, while DOGE’s odds stand slightly higher at 75%. On the other hand, Bloomberg’s Eric Balchunas also weighed in on the SEC’s decision, stating, “DOGE ETF filing has been acknowledged by the SEC. This is part of the normal process, but it’s a good sign considering these altcoins were previously told to withdraw right after filing.” He added that this acknowledgment slightly improves the likelihood of approval. That said, the SEC’s shift in stance follows the departure of former Chair Gary Gensler, known for his skepticism toward crypto assets. Historically, the agency has hesitated to approve ETFs beyond Bitcoin and Ethereum. Under Gensler’s leadership, the SEC rejected at least 20 spot Bitcoin ETF applications before finally approving them in January. The agency has also delayed decisions on products like ETH and SOL ETFs, pushing some final deadlines into May 2025. As the SEC’s review process unfolds, investor optimism surrounding DOGE and XRP ETFs continues to build, potentially driving further gains for both assets.

The United States' gold reserves, held primarily at Fort Knox, are once again in the spotlight as Senator Rand Paul calls for an official audit—a process not undertaken since 1974. This demand for transparency comes amid growing skepticism about the integrity of reported reserves, with whistleblower claims suggesting potential discrepancies in the nation's gold holdings. The initiative, potentially involving Elon Musk's Department of Government Efficiency (DOGE) , aims to verify the existence of the 4,580 tons of gold the government claims to hold. Simultaneously, Senator Cynthia Lummis has reignited the debate about incorporating Bitcoin into the nation’s reserves, emphasizing the unparalleled transparency and real-time audit capabilities that the cryptocurrency offers. With both gold and Bitcoin under the spotlight, the financial markets are closely monitoring the potential outcomes of this audit. The last comprehensive audit of the U.S. gold reserves took place nearly five decades ago, leaving the public and many policymakers questioning whether the reported figures align with reality. In recent posts across social media, Senator Rand Paul underscored the importance of verifying the nation's monetary assets, particularly as inflation concerns persist. Reports suggest that the Trump administration had already considered such an audit, with some insiders indicating that DOGE may have discreetly initiated preliminary investigations. Senator Paul emphasized that the American public deserves to know the true state of the reserves, given the gold's role as a cornerstone of trust in the U.S. dollar. As the gold audit gains momentum, Senator Cynthia Lummis has advocated for a bold, modern solution: establishing a Bitcoin reserve . According to Lummis, Bitcoin's decentralized ledger offers unmatched transparency, with real-time, 24/7 auditability—a stark contrast to the opaque gold reserves. "A Bitcoin reserve could be audited any time 24/7 with a basic computer," she stated, highlighting the potential for the U.S. to lead a new era of financial transparency. The proposal aligns with growing global interest in Bitcoin as a hedge against inflation and currency devaluation. However, critics argue that Bitcoin’s volatility presents risks that gold has historically mitigated. The calls for a gold reserve audit and the discussion around a potential Bitcoin reserve have triggered notable reactions in the financial markets. Investors are speculating about potential revelations from the audit and their subsequent impact on asset valuations. Historically, gold has served as a safe haven during economic uncertainty. However, concerns about the accuracy of reported reserves introduce an element of unpredictability. If the audit confirms the reported 4,580 tons, gold could experience a relief rally due to the reinforcement of trust in the U.S. financial system. Conversely, any discrepancies might cause panic, undermining confidence in gold's reliability. Bitcoin, often referred to as 'digital gold,' has reacted positively to discussions about reserve diversification. The prospect of the U.S. adopting Bitcoin as part of its reserves has fueled speculative buying. The outcome of the Fort Knox audit could have significant repercussions beyond gold and Bitcoin markets . If discrepancies are found, trust in the U.S. dollar—largely supported by these reserves—may erode, prompting investors to seek alternative stores of value such as Bitcoin. Moreover, the debate surrounding reserve composition could influence global monetary strategies. Countries like El Salvador have already adopted Bitcoin as legal tender, and the U.S. embracing it as a reserve asset could accelerate global adoption. The call for an audit of the U.S. gold reserves, coupled with Senator Lummis's advocacy for a Bitcoin reserve, marks a pivotal moment in the financial landscape. As DOGE potentially steps into the role of auditor, the results of this investigation could either reaffirm trust in gold or catalyze a paradigm shift toward digital assets like Bitcoin . With transparency at the core of this debate, the financial world eagerly awaits the findings from Fort Knox. Regardless of the outcome, this renewed focus on reserves underscores the evolving nature of monetary assets in an increasingly digital economy.

Solana Price Analysis: SOL plunges as ETF speculators bet billions on XRP and DOGE : Solana price tumbles as low as $180 on Monday, down over 9% since the US SEC acknowledged XRP and DOGE ETFs fillings on Friday Bears dominate the SOL derivatives markets with $400 million active short contracts dwarfing $138 million long positions. Technical analysis indicators suggest SOL price remains at risk of further downsizing.

Dogecoin has been a bit of an outlier in the crypto world. Originally created as a joke based on the “Doge” meme, it has since become one of the most recognized coins in crypto. It’s built a loyal following that’s stuck around; and now, it’s back in the news, this time with talk of a possible Dogecoin ETF (Exchange-Traded Fund). Recently, Bitwise filed for a Dogecoin Spot ETF. While this might seem unusual given Dogecoin’s meme origins, Bitwise’s Chief Investment Officer, Matt Hougan, shared why they decided to file for the ETF. In an interview with Thinking Crypto , Hougan said Dogecoin is different from your average meme coin that quickly fades away. “You need to look at this sustained community that’s made it through 12 years and it’s probably going to be here for the next 20,” he said. Related: SEC Postpones Coinbase Appeal Response Citing New Crypto Task Force Hougan admits Dogecoin might not be for everyone, but he emphasized its unique place as a community-driven asset. While most meme coins disappear fast, Dogecoin’s dedicated user base has kept growing. Reports show that Dogecoin has experienced a steady increase in network activity, with higher daily active addresses, trading volume, and whale movements. The CIO pointed out that it’s unfair to compare Dogecoin to other short-lived, gimmicky coins like Trump coin, as that’s the wrong analogy. He argued that Dogecoin’s history, loyal community, and standing as a real token deserve respect. While Dogecoin may not change the world of finance, its resilience and staying power make it worth paying attention to. Hougan draws parallels with the rise of communities around cryptocurrencies, like GameStop and WallStreetBets, showing that passionate groups can add significant value to a project. Related: Trader Who Profited $13M from TRUMP, MELANIA, and HARRYBOLZ Secures $4.56M Profit Trading LIBRA Recently, asset manager Grayscale became the third company to file for a Dogecoin ETF, following filings from REX Shares and Bitwise. In the latest update, the SEC has acknowledged Grayscale’s filings to list spot Dogecoin ETFs, marking the first step in the regulatory review process With a community that’s lasted over a decade, it seems pretty clear Dogecoin is not going anywhere, anytime soon. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Reports suggest that $DOGE officials are considering an audit of the U.S. gold reserves at Fort Knox. While such a move may fuel speculation about government finances, it’s essential to look at the bigger picture. Even if 100% of the gold reserves are intact, their total value remains relatively small in the grand scheme of the U.S. economy. In fact, the entire U.S. gold supply is worth less than six months of the country’s fiscal deficit. This means that, regardless of the audit’s outcome, it wouldn’t significantly impact national debt or government spending. 🏆 Gold Reserves vs. U.S. Debt Many believe that gold could act as a financial safety net for the government. However, when compared to trillions in national debt and ongoing fiscal deficits, even a perfectly accounted-for reserve wouldn’t come close to solving the broader economic challenges. What’s Next? An audit may bring more transparency, but its practical effects on the economy remain limited. Instead, long-term fiscal policies and economic strategies will continue to play a far more critical role.