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Telegram Founder Alleges French Role in Moldova Vote Censorship
Crypto Trends

Telegram Founder Alleges French Role in Moldova Vote Censorship

by admin September 29, 2025



In brief

  • Telegram founder Pavel Durov said French intelligence sought the removal of opposition channels ahead of Moldova’s 2024 election.
  • His allegations come as Moldova’s pro-European party leads in a new parliamentary vote marked by claims of Russian interference.
  • The dispute underscores rising state pressure on digital privacy platforms, from messaging apps to crypto networks.

Telegram founder Pavel Durov has accused French intelligence of previously exploiting his legal troubles to censor opposition voices in Moldova’s presidential elections last year, pointing to a broader action by governments on digital privacy.

In a Sunday statement posted to Telegram and X, Durov said French intelligence had contacted him through an intermediary while he was being detailed in Paris roughly a year ago, requesting that he remove specific Telegram channels ahead of Moldova’s presidential elections in 2024.

Durov said that after Telegram removed channels violating its rules, an intermediary informed him that French intelligence would favorably address the judge overseeing his August arrest if he cooperated.

His allegations come as Moldova’s pro-European Party of Action and Solidarity, backed by President Maia Sandu, holds a commanding lead amid a fresh election that will decide the future of the country’s parliament, with over 50% of votes counted as of Sunday. 

Both elections have been marked by claims of Russian meddling, with Sandu warning Sunday that Russia had “massively interfered” in its democratic process, according to an Al Jazeera report.

Pro-Russian opposition leader Igor Dodon, meanwhile, has called for protests outside parliament, with reported plans to annul the vote.



In his post on Sunday, Durov further alleged that authorities later provided a second list of channels last year that were not “legitimate and fully compliant with our rules,” whose only commonality was voicing “political positions disliked by the French and Moldovan governments.”

“We refused to act on this request,” he said. “Telegram is committed to freedom of speech and will not remove content for political reasons.”

He claimed authorities were exploiting his legal situation to influence political developments in Eastern Europe, a pattern he said was also “observed in Romania.”

Even Alex Chandra, partner at IGNOS Law Alliance, told Decrypt that platforms must clearly separate violations of their own standards from politically sensitive but compliant content. 

“Rule-based governance is non-negotiable,” Chandra said. “Platforms that clearly separate violations of their own standards from politically sensitive but compliant content can preserve credibility in front of regulators, investors, and users.”

“Legal exposure is becoming leverage,” he added. “As seen in the Telegram case, state actors may use executives’ judicial vulnerabilities to extract concessions.”

The fight for privacy

Durov’s allegations resonate with ongoing battles in crypto, where governments are clamping down on privacy tools. 

Recent convictions of Tornado Cash developer Roman Storm for operating an unlicensed money transmitter and guilty pleas from the founders of Samourai Wallet point to a pattern of pressure on privacy-focused platforms.

“Both communications platforms and crypto networks face parallel tactics of state interference,” Chandra said. “Multinational firms should anticipate that once a regulatory playbook proves effective in one vertical, it may be replicated across others.”

Mohith Agadi, founder of Fact Protocol, told Decrypt the situation reflects “a broader tension between state interests and digital freedoms.”

“The challenge arises when these two priorities collide, particularly in politically sensitive moments,” Agadi said. “What’s needed is greater transparency, clear standards, and independent oversight mechanisms.”

The French Ministry for Europe and Foreign Affairs responded to Durov’s claims, retweeting a post saying the Telegram founder “likes making accusations while elections are ongoing.”

Durov remains under judicial supervision in France following his arrest and is required to report to authorities every 14 days with “no appeal date in sight.” 

The Open Network’s Toncoin, closely associated with Telegram, tanked in the immediate aftermath of his detention. The token now trades at $2.71, down 67% from its all-time high of $8.25, as per CoinGecko.

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Vanguard to allow crypto access to brokerage clients
Crypto Trends

Vanguard prepares to open brokerage doors to crypto ETFs

by admin September 29, 2025



Vanguard, the most formidable holdout in asset management, is drafting plans for a strategic retreat. The $10 trillion giant is reportedly preparing to grant its brokerage clients access to crypto ETFs, signaling a profound shift in institutional acceptance.

Summary

  • Vanguard is reportedly preparing to let brokerage clients access third-party crypto ETFs, reversing its 2024 ban.
  • The shift follows rising client demand, regulatory changes, and new CEO Salim Ramji’s influence.
  • The firm still has no plans to launch its own crypto products.

On Sept. 26, crypto journalist Eleanor Terrett reported that Vanguard has initiated internal groundwork and external discussions to facilitate access to select third-party crypto ETFs for its brokerage clients.

According to a source familiar with the plans, the firm is acting in response to mounting client demand and a notably shifting regulatory landscape. The source emphasized that Vanguard is being “very methodical” in its approach, acknowledging the market dynamics that have evolved since the landmark ETF approvals in 2024.

Crucially, the report indicates this move does not include plans for Vanguard to launch its own proprietary crypto products.

From rejection to reconsideration

This potential pivot marks a stark departure from Vanguard’s firm stance in January 2024, when the firm blocked client access to the newly approved spot Bitcoin ETFs. At the time, the asset manager stated the products conflicted with its offering focused on traditional asset classes like equities, bonds, and cash, which it considered the essential building blocks of a long-term portfolio. It deemed Bitcoin’s volatility incompatible with its investment philosophy.

The road to this reversal, however, has been paved with telling clues. As Bloomberg Senior ETF analyst Eric Balchunas noted, the appointment of Salim Ramji as CEO in mid-2024 was a critical signal.

Ramji, who personally oversaw the launch of BlackRock’s iShares Bitcoin Trust (IBIT), brought an insider’s understanding of the digital asset market to Vanguard’s top role. Balchunas had previously speculated that Ramji’s leadership could lead to a reversal of the ETF ban within a year or two, characterizing it not as a radical shift but as an incremental change for a platform that already offers gold ETFs.

This context makes the current developments appear less like a sudden about-face and more like the execution of a deliberate, CEO-led strategy. Further complicating Vanguard’s public skepticism was its quiet ascent to becoming the largest shareholder in Strategy, which is widely regarded as a publicly traded Bitcoin proxy.

According to Bloomberg, through its various funds, Vanguard accumulated an 8% stake in the firm. This substantial investment stood in sharp contrast to its public statements, suggesting a nuanced, if not contradictory, approach to gaining exposure to the digital asset ecosystem through traditional equity channels.



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NYC Mayor Adams Drops Out, Crypto Policies At Risk
Crypto Trends

NYC Mayor Adams Drops Out, Crypto Policies At Risk

by admin September 29, 2025



New York’s crypto hub ambitions could be set for uncertainty after New York City Mayor Eric Adams dropped out of his reelection bid on Sunday.

In a video on X on Sunday, Adams cited financial struggles stemming from his dismissed federal bribery case and the withholding of public funds.

“Despite all that we have achieved, I cannot continue my reelection campaign,” he said before adding that the “constant media speculation about my future and the campaign finance board’s decision to withhold millions of dollars has undermined my ability to raise the funds needed for a serious campaign.”

Adams initially won office in 2022 on a public safety platform during the pandemic recovery and has been credited with reducing crime and boosting the economy. However, his association with various scandals has been seen as a persistent liability.

“Although this is the end of my reelection campaign, it’s not the end of my public service,” said the mayor, before adding, “I will continue to fight for this city.”

Only in America. Only in New York.
Thank you for making my story a reality. pic.twitter.com/efHuyBnITJ

— Eric Adams (@ericadamsfornyc) September 28, 2025

The Big Apple’s Bitcoin advocate 

In May, Adams spoke at a press conference to announce that New York City was “open for business” for crypto firms.

Later in the same month, he said he would create a digital advisory council to attract jobs and investment to the Big Apple and position it as the “crypto capital of the globe.”

“The age of tokenization, which includes crypto and blockchain and other fintech innovations, that age is here, and we’re going to continue to move forward with it,” he said at the time. 

Related: NYC mayor lays out crypto plans as city residents vote in Democratic primary

He also called for a Bitcoin bond to be launched in the city and renewed calls to axe New York’s strict BitLicense program.

However, New York City Comptroller Brad Lander rejected the proposal, claiming it was “legally dubious and fiscally irresponsible.”

No pro-crypto replacements 

Adams, currently polling in fourth place, faced mounting pressure from business leaders who also oppose frontrunner Zohran Mamdani, a democratic socialist assemblyman.

Mamdani has yet to clarify his stance on crypto, but the industry appears concerned that his progressive/socialist approach may be unfriendly to the digital asset industry.

Democrat Andrew Cuomo is second in the race and has a mixed but generally more regulatory approach to crypto. Cuomo previously worked as a paid adviser to the OKX crypto exchange as it dealt with a federal investigation.

Adams previously criticized former Governor Cuomo, stating that under his governorship, New York State “dismantled and destroyed” the crypto industry.”

Mamdani currently leads Cuomo by 84.6% to 14.4%, according to the Polymarket prediction platform. New York City is scheduled to hold the mayoral election on Nov. 4, 2025. Adams will continue serving as mayor until his successor takes office on Jan. 1, 2026.

Mamdani is way ahead on Polymarket prediction polls. Source: Polymarket

Magazine: ETH co-founder moves $6M of ETH, crypto index ETF expands: Hodler’s Digest





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Hyperdrive Exploit Leads To $782K Loss On Hyperliquid Network
Crypto Trends

Hyperdrive Exploit Leads to $782K Loss on Hyperliquid Network

by admin September 29, 2025



Hyperdrive, a lending protocol built on the Hyperliquid (HYPE) blockchain, suffered a smart contract exploit on Saturday night that resulted in losses of around $782,000. This marks the third major security incident tied to the rapidly growing Layer 1 network.

According to blockchain security firm CertiK, the attacker repeatedly exploited an arbitrary call in Hyperdrive’s router. This flaw allowed them to drain funds from two pools, the Primary USDT0 Market and Treasury USDT Market.

The attacker stole 673,000 USDT0 stablecoins and 110,244 thBILL tokens, later converting the assets into BNB and ETH before moving them off-chain.

Hyperdrive’s team responded quickly by pausing the protocol to stop further damage. In an update on X, the team said it had already identified and fixed the root cause. It also confirmed that affected accounts had been identified and promised a compensatory plan, although details of that plan remain unclear.

Hyperliquid’s track record of incidents

This is not the first time Hyperliquid’s ecosystem has faced trouble. In March, a whale manipulated the price of Solana-based memecoin JELLYJELLY, forcing the protocol to absorb $12 million in losses. An earlier manipulation event had also cost a Hyperliquid vault around $4 million.

Despite these challenges, Hyperliquid continues to gain traction in the DeFi space. Data from DeFiLlama shows Hyperdrive currently holds about $14.5 million in total value locked (TVL).

Market reaction

At the time of writing, Hyperliquid’s HYPE token of Hyperliquid is trading at $47.14, which is up 4.20% in the last 24 hours, and has a market cap of approximately $15.8 billion and a trading volume of over $3 billion, according to the CoinMarketCap Data.

The Hyperdrive hack underscores the current security risk in DeFi, including on rapidly expanding networks such as Hyperliquid. While their team has acted quickly to contain the issue, users will be watching closely for the promised compensatory measures and postmortem report.

Also Read: James Wynn: Hyperliquid Will Die ‘Slow & Painful Death’ As ASTER Soars



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September 29, 2025 0 comments
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8,000% in Week: Binance Founder Ends Speculations on His Affiliation With 'Next BNB'
Crypto Trends

8,000% in Week: Binance Founder Ends Speculations on His Affiliation With ‘Next BNB’

by admin September 29, 2025


Aster’s launch has been one of the most jaw-dropping crypto stories of the year. The decentralized exchange built on BNB Chain has seen daily trading volumes go above $20.8 billion, leaving Hyperliquid behind on $9.7 billion.

Its token, ASTER, shot up by more than 8,000% in just a week since its debut, peaking at $2.30 and pushing its market capitalization past $3.7 billion.

The speed of that move makes it look like Binance founder CZ might have had a hand in it. People are still wondering about the launch, the financing ties through YZi Labs and the sudden appearance of Trust Wallet partnerships. Aster was being called “the next BNB,” and some posts even said Changpeng “CZ” Zhao was part of the core team.

Is Binance and CZ behind Aster?

That rumor died down pretty quickly though as Zhao himself made it clear that he isn’t running Aster, he is just advising its builders. 

But this didn’t really change things much. As long as Binance was involved in some way, even if it was a small part, that was enough to keep the project in the eye of the public.

It’s not all about Binance ties as Aster’s got market participants hooked with a fresh product feature — hidden orders that let traders make bids and offers without showing them on-chain.

That feature, along with the fee discounts and how well it works with BNB’s ecosystem, gave it the kind of reputation that most new DEXes miss out on.

Skeptics say the exchange is washing its volume because it’s got a few big wallets holding a lot of the supply. But supporters say that the fact that BNB Chain is backing it, CZ is on the advisory board and it’s getting a lot of traction shows why people already think of Aster as the next big thing.





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September 29, 2025 0 comments
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Ripple
Crypto Trends

Ripple CEO’s Past Words On XRP’s Utility Resonate Today As Community Awaits ETF Decision

by admin September 29, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Ripple CEO Brad Garlinghouse’s comments have long emphasized that the value of XRP is rooted in its utility in the financial world rather than speculation or replacing traditional finance as a whole. One of such comments was made in an old interview which has resurfaced to catch the eye of some XRP investors on the social media platform X. Years later, those comments are being revisited as XRP continues to push for adoption in global markets and as investors are counting down to the SEC’s upcoming decision on Spot XRP ETF applications.

Utility Over Hype: Revisiting Garlinghouse’s Message

A recent video which was posted on the social media platform X by popular XRP commentator JackTheRippler ties back into an interview where Garlinghouse noted how trillions in capital could pour into XRP in the coming years. In that conversation, Garlinghouse explained that hype alone cannot sustain the value of any cryptocurrency, insisting instead that true growth comes from solving real-world problems and building a customer base.

These comments were made in a 2017 interview on CNBC’s Squawk Alley, at a time when cryptocurrencies were mostly valued on speculation alone. In the interview, Garlinghouse pointed out that XRP wasn’t just created to trade on exchanges but was meant to serve a real purpose, which is settling liquidity between banks. At the time, he noted that more than $27 trillion was sitting idle in correspondent banking accounts worldwide to facilitate payments between themselves. 

🚨RIPPLE CEO SAYS THAT #XRP SETTLES MONEY IN SECONDS!

TRILLIONS IN CAPITAL COULD POUR INTO XRPL. DRIVEN BY REAL TOKEN, BUILT TO TOKENIZE THE ENTIRE REAL ESTATE SECTOR! DYOR/NFA

💥 GET REAL TOKEN HERE: https://t.co/kYx7u3Ko4Z pic.twitter.com/seidvGLqdy

— JackTheRippler ©️ (@RippleXrpie) September 27, 2025

His vision was that XRP, with its ability to settle transactions in seconds, could free up that capital and make cross-border payments much more efficient. “We use this digital asset called XRP to settle liquidity needs between banks,” he said.

XRPUSD currently trading at $2.78. Chart: TradingView

Even though those words were spoken years ago, they still fit into today’s conversations about XRP. Its adoption potential in the worldwide financial system continues to be the foundation of why many investors believe XRP can stand apart from other cryptocurrencies.

Countdown To US SEC’s Spot XRP ETF Decision

The attention surrounding XRP nowadays is shifting to the regulatory front, with many investors awaiting the outcome of pending Spot XRP ETF applications. After Bitcoin and Ethereum won approval for similar products, many see XRP as the next logical step given its position as the third-largest cryptocurrency.

The US SEC has introduced new listing standards designed to speed up crypto ETF approvals, cutting the review window to 75 days or less. Grayscale’s filing is due for a decision on October 18, followed by 21Shares on October 19, Bitwise on October 20, CoinShares and Canary Capital on October 23, and WisdomTree on October 24.

The eventual launch of a Spot XRP ETF could be the turning point that helps the cryptocurrency take its place alongside Bitcoin and Ethereum in traditional finance.

At the time of writing, XRP was trading at $2.79.

Featured image from Istockphoto, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.





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September 29, 2025 0 comments
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Bitcoin price crashes under $113k amid weak on-chain metrics and rising altcoin flows
Crypto Trends

Bitcoin skepticism out, adoption strategies in: Samson Mow

by admin September 29, 2025



Jan3 founder Samson Mow believes global Bitcoin adoption by nation-states is approaching a tipping point where the pace could accelerate quickly from gradual to sudden.

Summary

  • Samson Mow says nation-states near sudden Bitcoin adoption tipping point
  • U.S. Bitcoin reserve plans spark global pressure for faster crypto moves
  • Market cycle delays surprise Mow, who sees next bull run pushed to 2026

Speaking on the What Bitcoin Did podcast, Mow said countries are moving past initial skepticism and preparing to ramp up Bitcoin adoption strategies.

Mow described the current moment as being “on the tail end of gradually, and we’re at the beginning phases of suddenly,” predicting that national Bitcoin adoption could trigger massive FOMO among governments.

He anticipates “a massive nation-state FOMO panic” as countries rush to establish strategic Bitcoin (BTC) reserves to avoid being left behind.

Bitcoin reserve progress creates global pressure

While President Trump has signed an executive order to establish a Strategic Bitcoin Reserve, Mow noted the U.S. still hasn’t begun purchasing Bitcoin.

However, he pointed out that America is pushing forward with budget-neutral Bitcoin acquisition plans and supporting legislation through the Bitcoin Act.

Mow expressed particular optimism about Latin America and called it one of the regions he’s most bullish on for Bitcoin adoption.

Several Latin American countries have already shown interest in cryptocurrency integration, making the region a potential catalyst for global adoption.

Market cycle timing faces unexpected delays

Mow expressed surprise at Bitcoin’s price performance in 2025 and noted that anticipated bull runs haven’t materialized as expected.

“We should have had a bull run already, like a massive run up,” he said, suggesting market situation have changed from traditional patterns.

The Jan3 founder believes the current cycle may be delayed and could extend into next year rather than following historical timing patterns.

This view aligns with several other analysts who have noted unusual cycle characteristics in recent months.

Technical analysts point to current market conditions that could influence near-term price action.

Analyst Ted Pillows identified major liquidity clusters at $108,000 and $114,000 and suggested potential downside liquidity sweeps before upward movements.

Bitcoin funding rates remain positive, which some traders interpret as showing potential short-term selling pressure.



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Bitcoin Behaves Like Nvidia, Expect Corrections Before New ATH: Analyst
Crypto Trends

Bitcoin Behaves Like Nvidia, Expect Corrections Before New ATH: Analyst

by admin September 28, 2025



The path to new Bitcoin (BTC) all-time highs will continue to feature major corrections of 20% or more, including possible corrections during Q4, despite it typically being a good quarter for crypto asset prices, according to market analyst Jordi Visser.

Visser said Bitcoin is part of the AI trade and compared BTC to Nvidia, a high-performance computer chip manufacturer that has become the world’s most valuable publicly traded company and the first public company to hit a $4 trillion valuation. Visser said:

“I just want to remind people that Nvidia is up over 1,000% since ChatGPT’s launch. During that time period, which is less than three years, you’ve had five corrections of 20% or more in Nvidia before it went back up to all-time highs. Bitcoin’s going to do the same thing.”Nvidia’s stock performance shown as price candles, while Bitcoin is displayed as a magenta line. Both have experienced sharp corrections despite the bull market. Source: Tradingview

As artificial intelligence takes over more sectors of the economy and replaces human labor, it will erode traditional companies and make stocks obsolete, driving investors to BTC, which will be the best store of value in the digital age, Visser predicted.

The price of Bitcoin is one of the most debated and analyzed topics in crypto, as market analysts attempt to forecast the digital currency’s price trajectory amid a time of rapid technological innovation, market disruption, and fiat currency debasement.

Related: Bitcoin’s ‘biggest bull catalyst’ may be the next Fed chair pick: Novogratz

Analysts grapple with slow-moving Bitcoin performance

Market analysts are watching gold and stocks hit new all-time highs while Bitcoin’s price remains near the $110,000 level, down by about 11% from its all-time high of over $123,000.

Investors are divided on whether new highs are possible in Q4, catapulting BTC to about $140,000, or if the recent drawdown represents the start of a prolonged bear market that could take BTC’s price down to $60,000.

Regulatory hurdles and the lack of progress on a Bitcoin strategic reserve in the United States that grows through periodic market purchases have dampened expectations for some analysts.

Previously, some analysts forecast that US government purchases of BTC for a national Bitcoin reserve would be a major price catalyst for the digital asset in 2025.

Magazine: Recursive inscriptions: Bitcoin ‘supercomputer’ and BTC DeFi coming soon



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XRP Price Prediction for September 28
Crypto Trends

XRP Price Prediction for September 28

by admin September 28, 2025


The prices of most of the coins keep falling at the end of the week, according to CoinStats.

XRP chart by CoinStats

XRP/USD

The rate of XRP has gone down by 0.32% since yesterday.

Image by TradingView

On the hourly chart, the price of XRP has made a false breakout of the local support of $2.7711. However, if buyers’ pressure continues and the daily bar closes around that mark, one can expect an ongoing decline to the $2.76 zone.

Image by TradingView

On the bigger time frame, bulls have failed to maintain the rise after yesterday’s bar closure.

You Might Also Like

If the candle closes around the current prices or below, traders may witness a test of the support of $2.69975 shortly.

Image by TradingView

From the midterm point of view, one should pay attention to the weekly bar closure in terms of the $2.6975 level. If a breakout happens, the accumulated energy might be enough for a move to the $2.50-$2.60 range.

XRP is trading at $2.7697 at press time.



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September 28, 2025 0 comments
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Decrypt logo
Crypto Trends

Elon Musk and Dogecoin: How the Billionaire Became the ‘Dogefather’

by admin September 28, 2025



With Dogecoin making a comeback late last year and early into 2025, some may be pondering: Where did the asset come from? What’s it for? And what’s Tesla CEO Elon Musk got to do with it? 

The original meme coin’s boom largely has the world’s richest man to thank. Musk’s obsession with shitposting helped boost the coin to a top 10 cryptocurrency.

It’s been a wacky ride over the past few years, culminating in Musk’s appointment to lead a government agency called DOGE—yes, really. But we’ll explain it all.

2018: What the DOGE?

Dogecoin is the biggest and oldest meme coin and the second-biggest proof-of-work cryptocurrency. It was created in 2013 as a joke by developers Billy Markus and Jackson Palmer. 

The idea was to poke fun at the huge number of altcoins and crypto projects entering the market following Bitcoin’s rapid ascent, and the coin enjoyed relative obscurity and a low price during its early years. 

But then along came Musk. The eccentric billionaire asked Palmer in a 2018 tweet to help with the Twitter bot problem. Scammers had created a number of fake high-profile accounts, including Musk’s, in order to push crypto cons. The scams typically posted fake Ethereum giveaways. 

It was the first real interest Musk had shown in Dogecoin.

2019: The pump begins

Musk started to pump Dogecoin the next year. “Dogecoin might be my fav cryptocurrency,” he wrote in April 2019, in response to a screenshot of a poll from the official Dogecoin account asking who should be the cryptocurrency’s CEO. “It’s pretty cool.”

The post would be the first of many to cause the asset’s value to rocket upwards. Soon after Musk’s first tweet about Dogecoin, the market cap of the coin hit $400 million and crypto exchange Huobi listed it.

Musk being Musk, however, didn’t stop there: He branded himself Dogecoin’s CEO—briefly—on Twitter before continuing to fire out tweets asking if the coin is “really a valid form of currency” or posting memes associated with the original dog-coin.



2020/2021: Bull run arrives

Musk continued to pump Dogecoin’s price here and there with his tweets, but things really got started during the 2021 bull run. Major exchanges like Coinbase Pro listed Dogecoin and the asset developed a bigger cult following, not to mention growing mainstream awareness.

DOGE gained a market cap bigger than many companies in the S&P 500. And developers exclusively told Decrypt that they had secretly been working with Musk since 2019 to make the coin a valid payment method and a greener, cheaper alternative to Bitcoin.

But things got stranger when Musk called himself the “Dogefather” ahead of a “Saturday Night Live” skit about the cryptocurrency—again sending the asset’s price roaring upwards. DOGE would jump to its all-time high price of about $0.73 at this time.

Musk’s “SNL” appearance ended up being underwhelming for Doge fans, with the SpaceX boss and his mother’s allusions to the coin ultimately pushing its price down. Still, it continued to bring the strange world of meme coins to the mainstream.

Later that year, Musk announced that his rocket company, SpaceX, would launch a satellite to the moon—completely funded by the cryptocurrency.

2022: Tesla/Twitter mania

The Doge mania continued into 2022 when Musk’s car company started accepting Dogecoin for merchandise. 

Dogecoin continued to experience price bumps when Musk bought Twitter and rebranded it to X, hinting that it would also become a payments platform that might, eventually, integrate the O.G. meme coin. 

Things came back to bite Musk later that year, though, when an American man hit the billionaire and Tesla and SpaceX with a $258 billion lawsuit for allegedly pumping Dogecoin—an asset with “no value at all,” according to the original filing.

But Musk and his lawyers scored a win in 2024 when a judge sided with them and dismissed the lawsuit, calling the tech entrepreneur’s tweets about Dogecoin “aspirational and puffery,” and noting that “no reasonable investor could rely upon them.”

2024-2025: Trump, Musk, and DOGE

Dogecoin had a relatively quiet 2023, but the meme coin has soared over the last year following Musk’s support of Republican Donald Trump’s campaign for the White House.

That’s mostly because Trump said that Musk would lead a government efficiency commission ahead of being voted back into the seat of power; Musk claimed that it would be called the Department of Government Efficiency—an acronym that matches Dogecoin’s ticker. 

Whenever Musk mentioned his future political role with the so-called DOGE ahead of the election, the price of Dogecoin jumped.

But before Trump’s election win, Musk revealed what he has probably thought all along: that he isn’t seriously interested or involved in Bitcoin, Dogecoin, or any cryptocurrency. He just likes the meme coin.

“I’m actually not actively involved in crypto,” he said at a rally. “I make Dogecoin jokes and stuff because I just kind of like Dogecoin—because it’s got the best sense of humor and it has dogs and memes, and I love all those things.”

Still, the price of Dogecoin boomed higher, hitting a three-year high price of $0.48—though it’s fallen substantially since, as of this writing. Musk has recently praised Dogecoin’s rate of inflation and tweeted out a familiar meme image of a dust cloud with the Doge face engulfing a city.

And President-elect Trump made it official that Musk would lead the administration’s new department, though planned co-lead Vivek Ramaswamy bailed in January due to other political ambitions.

Trump even sold t-shirts showing himself and Musk alongside Doge-esque artwork. And the official DOGE website briefly featured the familiar DOGE meme imagery, boosting Dogecoin’s price in the process.

With Trump back in office, Musk’s DOGE started aggressively interrogating U.S. government spending, grabbing headlines as it accesses potentially sensitive citizen data while upending professional norms in the process.

But Musk departed the government role in May, and a public rift has formed between the two men. Musk made some shocking claims about Trump, and the president has in return said that DOGE should scrutinize Musk’s companies—and that he’d look into having Musk deported.

The public battle hasn’t done any favors for Dogecoin’s price, though it has briefly boosted meme coins inspired by the conflict.

Now Elon Musk is back to focusing on his companies, with recent moves reigniting speculation over whether X might integrate Dogecoin or other cryptocurrencies for payments.

And Musk has picked up another connection to Dogecoin of late, albeit unofficially.

Musk’s lawyer, Alex Spiro—who helped defend him in the $258 billion class action DOGE suit dismissed last year—is now chairman of CleanCore Solutions, a publicly traded firm billed as an “official” Dogecoin treasury company. That’s due to backing from House of Doge, the commercialization arm of the Dogecoin Foundation, which supports development around the coin.

Editor’s note: This story was originally published on November 13, 2024. It was last updated with new details on September 28, 2025.

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  • This 5-Star Dell Laptop Bundle (64GB RAM, 2TB SSD) Sees 72% Cut, From Above MacBook Pricing to Practically a Steal

    October 10, 2025
  • Blue Protocol: Star Resonance is finally out in the west and off to a strong start on Steam, but was the MMORPG worth the wait?

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  • Final Fantasy 7 Remake and Rebirth finally available as physical double pack on PS5

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  • The 10 Most Valuable Cards

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Welcome to Laughinghyena.io, your ultimate destination for the latest in blockchain gaming and gaming products. We’re passionate about the future of gaming, where decentralized technology empowers players to own, trade, and thrive in virtual worlds.

Recent Posts

  • This 5-Star Dell Laptop Bundle (64GB RAM, 2TB SSD) Sees 72% Cut, From Above MacBook Pricing to Practically a Steal

    October 10, 2025
  • Blue Protocol: Star Resonance is finally out in the west and off to a strong start on Steam, but was the MMORPG worth the wait?

    October 10, 2025

Newsletter

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

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