rumor

Dogecoin slipped more than 2% to $0.21 in the last 24 hours, bucking the coin’s usual pattern of rallying on Elon Musk-related news.

The drop comes as rumors swirl that Musk’s attorney, Alex Spiro, is spearheading a Dogecoin (DOGE) treasury project aimed at raising $200 million from public investors.

According to Fortune, investors are receiving offers for a public vehicle that will invest in Dogecoin coins.

Summary

Dogecoin slips 2% to $0.21 despite news of a $200m treasury initiative
Elon Musk’s lawyer Alex Spiro is set to chair the planned DOGE treasury
House of Doge backs the venture as Dogecoin’s official corporate vehicle

Dogecoin price slumps despite positive rumors

Since its 2013 debut, Dogecoin’s price has often moved in step with Musk’s public comments. However, the market’s muted response to the proposed treasury vehicle—a project reportedly approved by the official Dogecoin organization, the House of Doge—suggests that traders may be prioritizing fundamentals over hype.

Details about the structure and launch timeline remain scarce, even as analysts see potential for a renewed rally.

Spiro’s Track Record Defending Musk in Crypto Cases

Alex has successfully defended Musk against allegations of market manipulation.

In August 2024, Spiro helped secure the dismissal of a 2022 lawsuit claiming Musk had manipulated Dogecoin markets through social media posts.

Spiro, who also represents celebrities such as Jay-Z and Alec Baldwin, successfully argued that Musk’s comments constituted protected speech rather than market manipulation.

Musk’s influence over Dogecoin pricing has been so pronounced that his social media activity has become a key factor in trading strategies.

His 2021 Saturday Night Live appearance, where he called Dogecoin “a hustle,” caused immediate price volatility.

Nevertheless, analyst Ali recently posted on X that “Dogecoin $DOGE is ready for a 30% move.” This suggests that technical momentum may be building despite current price weakness.

This prediction aligns with historical patterns where DOGE often experiences sharp moves following periods of consolidation.

The treasury company’s plans could provide sustained buying pressure for Dogecoin if successfully launched.

At last check Saturday, Dogecoin is down nearly 9% over the previous seven days.

Source: CoinGecko

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Robert Downey Jr’s Doctor Doom will make his MCU debut in Avengers: Doomsday, and he may enlist the help of a familiar sorcerer, according to a new rumor.

Once upon a time, every Marvel fan knew Thanos was coming and that he wanted to gather the Infinity Stones for his gauntlet, with the threat (and aftermath) of his universe-halving snap being the catalyst for Avengers: Infinity War and Endgame.

The same can’t be said for Doomsday and Secret Wars. All we know is that Doctor Doom will be involved, Downey will play him and his likeness to Tony Stark is part of the story, as well as the stars who were announced as part of the movie’s livestream earlier this year.

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The assumption is that it’ll have something to do with the multiverse, with Doom trying to save (or avenge) his world from an incursion – which is where one hero could come in.

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Doctor Strange and Doctor Doom could team up in Avengers: Doomsday

During an episode of The Hot Mic, insider and reporter Jeff Sneider said he’d “heard that Doctor Strange is with Doom… he’s on that side of things.”

This also comes after The Beyond Reporter claimed that not only will Strange work with Doom, but he’ll be considered a villain. Alex Perez from The Cosmic Circus also reported that Strange will be tasked with fixing an incursion in Doomsday, “by any means necessary.”

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“This would be a good time to remind everyone that the flow of time is different in the Dark Dimension since it is basically nonexistent. So, even though it’ll have been 3.5–4 years since Stephen Strange has been on Earth, imagine how much time would have passed in the Dark Dimension?” he added.

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Remember, Strange was whisked away by Clea (the daughter of Dormammu, played by Charlize Theron) because his actions triggered an incursion – in layman’s terms, the impending collision of two Earths caused by multiversal shenanigans.

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That’s important context, considering another Cosmic Circus report said Doom sees “the incursions that are happening as a danger to the multiverse, and he wants to put a stop to it using a young Franklin Richards.”

“He sees himself as the hero in this story and will do whatever it takes to make sure he stays on top,” it added.

Avengers: Doomsday will be released on December 18, 2026. In the meantime, read more about who Tramell Tillman should play in Spider-Man: Brand New Day, and check out our ranking of the MCU movies.

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Dogecoin price slumps despite Elon Musk, DOGE treasury rumor

Dogecoin price slumps despite positive rumors

Spiro’s Track Record Defending Musk in Crypto Cases

Avengers: Doomsday rumor reveals shocking ally for Robert Downey Jr’s Doctor Doom

Doctor Strange and Doctor Doom could team up in Avengers: Doomsday