Elon Musk's endorsement causes surge in value for meme-inspired cryptocurrency Dogecoin
The value of Dogecoin, a cryptocurrency inspired by memes, surged after Elon Musk hinted that Tesla may accept it as payment for cars in the future. Musk has been a long-time supporter of the coin, which is among the top ten most valuable cryptocurrencies with a market capitalization of around $26.5 billion. However, investors should exercise caution as Dogecoin is known for its volatility and prices can fluctuate significantly in short periods. The total value of the cryptocurrency market by market capitalization is currently at $2.85 trillion, with Bitcoin accounting for around half of the market. Musk's net worth is estimated at $191.8 billion, making him the third richest person in the world.
Dogecoin network encounters "stuttering/no response" problem, or the network is blocked due to inscriptions
According to DOGE developer and member of the Dogecoin Foundation, Timothy Stebbing, multiple cryptocurrency exchanges have contacted the Dogecoin Foundation regarding "lag/unresponsiveness" issues on the Dogecoin network (but did not disclose specific exchange names). Timothy Stebbing explained that there are significant issues with the code that have been clogging the Dogecoin network, and now all developers and board members are considering how to solve this problem. However, he stated that Dogecoin is a decentralized project, so community discussion is needed before any optimizations can be implemented.
Binance contract will launch 1-75 times USDC-margined DOGE perpetual contract
Binance contract platform will launch DOGE USDC perpetual contract with a maximum leverage of 75x on January 18, 2024 at 18:00 (GMT+8).
About 1 billion DOGE transferred from Binance to unknown wallet
Whale Alert monitoring shows that at 19:49:44 Beijing time today, 999,999,999 DOGE ($78,851,155) was transferred from Binance to an unknown wallet.
Geometric Energy Corporation will conduct orbital trajectory analysis and mission testing of DOGE-1 and Geometric-2
Geometric Energy Corporation CEO Samuel Reid stated on social media that regulatory barriers with NOAA, FCC, NTIA, NASA, and DOD have been overcome, and orbit trajectory analysis and mission testing for the DOGE-1 and Geometric-2 satellite constellation will begin.
USPTO says Dogecoin trademark application has been abandoned
A user named X visited the latest progress of the trademark application of the Dogecoin Foundation. According to the screenshot of the shared email, the US Patent and Trademark Office has abandoned the application because it believes that the application has been abandoned.
DOGE futures open interest reaches $635 million, the highest level since November last year
According to CoinGlass data, the open interest of Dogecoin (DOGE) futures contracts has reached a record high of $635 million since November 2022, as reported by Jinse Finance.
DOGE has become the asset with the highest profit ratio for meme currency holders, accounting for approximately 55.17%
DOGE is the asset with the highest profit ratio for meme coin holders, accounting for about 55.17%.
DOGE-funded and named SpaceX 'Doge-1' satellite receives regulatory approval
On November 29th, it was announced that the SpaceX "Doge-1" satellite, funded and named by DOGE, has received approval from the National Telecommunications and Information Administration (NTIA) and is seeking final approval from the Federal Communications Commission (FCC) in the United States. The DOGE-1 satellite was developed by space technology company Geometric Energy Corporation, which announced the project in May 2021. The satellite will be launched by SpaceX Falcon 9 rocket. <br>
The number of DOGE currency holding addresses exceeded 5 million for the first time
According to on-chain analysis firm IntoTheBlock, the adoption of Dogecoin (DOGE) continues to grow, with the number of addresses holding DOGE surpassing 5 million for the first time.
