Dogecoin could be approaching a structural breakout that carries it to the long-discussed $1 threshold, according to crypto analyst Stephan Burns, who in a July 24 livestream described a “perfect storm” of monetary design, market structure and what he characterizes as rare astrological alignments. Burns framed the move as an “inevitability,” while acknowledging timing uncertainty, arguing that the next parabolic advance could emerge within months.

Is $1 Dogecoin Inevitable?

Burns built his case first on tokenomics. Dogecoin’s fixed issuance of 10,000 DOGE per one-minute block—approximately 5.2 billion DOGE annually—translates today into an inflation rate of roughly 3.3% against a circulating supply he placed at 150 billion. With that supply base, he said, the network simultaneously sustains miner incentives, gradually replaces lost coins and avoids the periodic “supply shocks” embedded in Bitcoin’s quadrennial halving schedule.

“It’s beautiful because of this inflation rate,” he said, calling Dogecoin “better as a currency than Bitcoin” precisely because of its predictability. By contrast, he argued, Bitcoin’s declining issuance—on track to fall below half a percent after the 2028 halving—forces a future reliance on transaction fees. “Eventually Bitcoin will be completely mined… the network has to be maintained by transaction fees. That’s probably not enough to incentivize miners at the end of the day,” Burns claims.

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He also asserted that Dogecoin’s governance surface is harder to co-opt than Bitcoin’s as large institutional and governmental actors accumulate BTC exposure. In his view, Dogecoin remains “the people’s currency,” with economic dilution limited by social and technical difficulty of altering code. The flat nominal issuance, he added, produces a declining percentage inflation rate over time without rendering the asset strictly deflationary or, in his words, vulnerable to miner attrition.

Beyond economics, Burns devoted extensive time to what he calls “crypto astrology,” arguing that Dogecoin’s natal chart—anchored to its genesis block—now sits under exceptionally favorable transits. He highlighted Pluto’s conjunction with Dogecoin’s natal Moon, describing it as “a once in a roughly 250-year transit,” and an impending Jupiter return with the planet “exalted” near the project’s midheaven point.

These, he claimed, historically correspond to phases of visibility, capital inflow and wealth symbolism. “Dogecoin is being activated… more than any other cryptocurrency this year,” he said, labeling the configuration a catalyst for renewed global attention.

Burns linked those internal transits to a broader macro cycle, citing the approaching Saturn–Neptune conjunction at the first degrees of Aries in early 2026, which he associated—through earlier historical recurrences—with milestones such as the emergence of coinage and trade networks.

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In his view, that backdrop reinforces the plausibility of another speculative wave. A logarithmic review of Dogecoin’s price history, he said, shows three prior “parabolic” expansions separated by lengthening consolidation phases; the current basing structure, including what he described as an ascending W-pattern supported by long-term moving averages, could precede a fourth. “Just based off of that it looks like we may be due for another one of these parabolic moves up in the next few months,” he said, while conceding that “just because I think it doesn’t mean it’s going to happen.”

He further projected that a Dogecoin exchange-traded fund “will get approved” and place the asset “in the spotlight,” though he did not provide documentation beyond his expectation. Burns also contrasted Dogecoin’s relative resilience on its Bitcoin ratio with altcoins that have reverted to prior ranges, arguing that structural holding above pre-2020 levels supports his thesis.

Summarizing his outlook, Burns reiterated what he called the “inevitability of Dogecoin going to $1,” framing that level as the maximal target in his public analysis for the forthcoming cycle. The timing, he implied, hinges on the interplay between tokenomics-driven accumulation and the unfolding of the transits he tracks. “I do think it’s going to moon,” he concluded.

At press time, DOGE traded at $0.23.

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Arizona Governor Katie Hobbs has vetoed two cryptocurrency-related bills passed by the state legislature, citing concerns over the financial risks involved in integrating digital assets with state operations.

The decision reflects the governor’s cautious approach to digital assets despite growing legislative interest in crypto initiatives. Both measures would have expanded the role of cryptocurrency within state financial mechanisms, but were ultimately blocked due to what Hobbs described as “too much risk.”

Detailing The Rejected Crypto Bills

The first bill, Senate Bill 1373, would have created a strategic reserve fund from seized cryptocurrency assets. While this fund would not have directly involved taxpayer money, it raised concerns for Hobbs about connecting state financial infrastructure to a volatile asset class.

In her veto letter, the governor acknowledged the use of crypto in state processes but emphasized that “current volatility” in the digital asset market makes it unsuitable for reserve fund planning.

Earlier this legislative session, Hobbs did sign House Bill 2749 into law, which allows for a reserve fund to be created from unclaimed crypto assets, but with clear restrictions around legislative oversight.

Gov. Hobbs signs HB 2749—Arizona’s Bitcoin & Digital Assets Reserve Fund, funded only by seized crypto. Signals comfort with state-held BTC and could lift SB 1373’s chances. State-level $BTC reserve momentum rising. #Bitcoin #Arizona #StrategicReserves https://t.co/zOGiPW57Vq

— SSI (SoSoValue Indexes) (@SoSoValue) May 8, 2025

In addition to SB 1373, Governor Hobbs also rejected Senate Bill 1024, which would have permitted Arizona state agencies to accept digital currency as a form of payment for fines and civil penalties.

Her veto cited the risks of enabling government institutions to operate directly within the crypto ecosystem, a view that has seen some bipartisan acknowledgment among lawmakers.

The rejection of SB 1024 follows a similar veto earlier in the month of SB 1025, which would have authorized Arizona’s state treasurer and retirement systems to allocate up to 10% of their portfolios in digital currencies.

Consumer Protection Measures Win Approval Amid Regulatory Balancing Act

While Governor Hobbs has blocked broader adoption efforts, she has shown support for crypto regulation intended to protect consumers. Last week, she signed House Bill 2387 into law, which imposes a range of requirements on cryptocurrency kiosk operators.

Under HB 2387, kiosks must display consumer warnings about fraud, collect customer risk acknowledgment statements, provide transaction receipts, and enforce a $2,000 daily transaction cap for new users.

Additionally, kiosk operators must maintain 24/7 customer service to assist users and mitigate misuse, an element designed to safeguard vulnerable populations, especially seniors.

The contrasting decisions highlight a measured regulatory stance by the Arizona governor: supportive of protective oversight but hesitant to embrace broader state-level crypto adoption. Arizona’s approach mirrors trends in other US states grappling with the balance between innovation and public sector risk exposure.

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Hong Kong-based Animoca Brands is preparing for a listing in New York, citing US President Donald Trump’s relaxed regulatory stance on digital assets as a window of opportunity to enter the world’s biggest capital market.

Animoca executive chair Yat Siu told the Financial Times that an announcement may be made soon, with the company currently evaluating various shareholding structures.

Siu said the decision to pursue a US listing would not hinge on market conditions but rather on timing and strategic positioning.

Animoca, which was delisted from the Australian Securities Exchange in 2020 over governance concerns and the status of some cryptocurrencies, has since built a robust investment portfolio, including stakes in OpenSea, Kraken and Consensys.

The company reported unaudited earnings of $97 million from $314 million in revenue for the year ending December 2024, a sharp increase from the previous year.

Siu told the FT that Animoca is the largest non-financial crypto firm globally, with $300 million in cash and stablecoins and over $538 million in digital assets.

He also hinted that other Animoca portfolio companies, including US-based Kraken, may follow suit with listings in the US in 2025 or 2026.

Related: Deribit eyes US expansion under crypto-friendly Trump admin: FT

Crypto firms consider US comeback

Under former President Joe Biden, federal agencies launched numerous lawsuits and enforcement actions against digital asset firms. Siu said this regulatory hostility stifled innovation and discouraged overseas companies from entering the US market.

In contrast, Trump’s return to office has been accompanied by pledges to support the crypto sector and a rollback of enforcement activity. Siu described this as “a unique moment in time,” adding that not taking advantage of it “would be one heck of a wasted opportunity.”

Since Trump’s election victory, the US Securities and Exchange Commission has dropped or paused over a dozen enforcement cases against crypto companies.

Additionally, the Department of Justice recently announced the dissolution of its cryptocurrency enforcement unit, signaling a softer approach to the sector.

This hands-on approach appears to be boosting industry confidence. OKX, for example, has announced plans to establish a US headquarters in San Jose, California, just months after settling a $504 million case with US authorities.

On April 28, Nexo, which left the US at the end of 2022, citing a lack of regulatory clarity, revealed that it is reentering the US market.

Magazine: Bitcoin eyes ‘crazy numbers,’ JD Vance set for Bitcoin talk: Hodler’s Digest, May 4 – 10

United States Senator Jon Ossoff expressed support for impeaching President Donald Trump during an April 25 town hall, citing the President’s plan to host a private dinner for top Official Trump memecoin holders. 

“I mean, I saw just 48 hours ago, he is granting audiences to people who buy his meme coin,” said Ossoff, a Democrat, according to a report by NBC News. 

“When the sitting president of the United States is selling access for what are effectively payments directly to him. There is no question that that rises to the level of an impeachable offense.”

Senator Ossoff said he “strongly” supports impeachment proceedings during a town hall in the state of Georgia, where he is running for reelection to the Senate.

The Senator added that an impeachment is unlikely unless the Democratic Party gains control of Congress during the US midterm elections in 2026. Trump’s own Republican Party currently has a majority in both the House of Representatives and the Senate. 

Related: US lawmaker says TRUMP coin could risk national security

Conflicts of interest

On April 23, the Official Trump (TRUMP) memecoin’s website announced plans for Trump to host an exclusive dinner at his Washington, DC golf club with the top 220 TRUMP holders. 

The website subsequently posted a leaderboard tracking top TRUMP wallets and a link to register for the event. The TRUMP token’s price has gained more than 50% since the announcement, according to data from CoinMarketCap.

The specific guest list is unclear, but the memecoin’s website states that applicants must pass a background check, “can not be from a [Know Your Customer] watchlist country,” and cannot bring any additional guests.

On April 25, the team behind TRUMP denied social media rumors that TRUMP holders need at least $300,000 to participate in an upcoming dinner with the president.

“People have been incorrectly quoting #220 on the block explorer as the cutoff. That’s wrong because it includes things like locked tokens, exchanges, market makers, and those who are not participating. Instead, you should only be going off the leaderboard,” they wrote.

Legal experts told Cointelegraph that Trump’s cryptocurrency ventures, including the TRUMP memecoin and Trump-affiliated decentralized finance (DeFi) protocol World Liberty Financial, raise significant concerns about potential conflicts of interest. 

“Within just a couple of days of him taking office, he’s signed a number of executive orders that are significantly going to affect the way that our crypto and digital assets industry works,” Charlyn Ho of law firm Rikka told Cointelegraph in February. 

“So if he has a personal pecuniary benefit arising from his own policies, that’s a conflict of interest.”

Magazine: Trump’s crypto ventures raise conflict of interest, insider trading questions

A federal judge has approved a motion to suspend the lawsuit filed by a group of state attorneys general and the advocacy group DeFi Education Fund against the U.S. Securities and Exchange Commission (SEC).

The complaint filed in November alleges that the SEC acted beyond its authority in filing enforcement actions against crypto exchanges, arguing that the power the regulator asserts over digital assets belongs to individual states.

“[W]ithout Congressional authorization, the SEC has sought to unilaterally wrest regulatory authority away from the States through an ongoing series of enforcement actions targeting the digital asset industry, premised on the theory that practically all purchases and sales of digital assets are ‘investment contracts.’”

On April 16th, Judge Gregory Van Tatenhove of the Eastern District of Kentucky ordered a 60-day pause on the deadlines and legal proceedings related to the case following the appointment of pro-crypto businessman Paul Atkins as the new SEC chair.

The development comes as the SEC takes a more friendly approach to the digital assets industry. The securities watchdog has already dropped numerous key crypto cases, including those involving the blockchain payments firm Ripple and the crypto exchange Kraken.

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In a surprising turn of events, a tweet attributed to former U.S. President Donald J. Trump has emerged, suggesting the creation of a “U.S. Crypto Reserve” that would include several prominent assets such as Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA).

According to the tweet, Trump’s executive order on digital assets would direct a new Presidential Working Group to move forward with this crypto-focused strategic reserve, positioning the U.S. as “the Crypto Capital of the World.”

Trump also singled out BTC and ETH as the “heart” of this proposed reserve, despite his previously critical stance on digital assets. His statement follows the growing conversation around whether states—and now the federal government—could hold crypto on their balance sheets.

Historically, Trump has been openly skeptical about Bitcoin and other digital assets. In 2019, he famously tweeted that he was “not a fan of Bitcoin and other cryptocurrencies.” However, this new suggestion of a U.S. Crypto Reserve marks a stark contrast from his earlier position.

Echoing states’ interest in Bitcoin reserves

Trump’s tweet dovetails with a broader trend: multiple U.S. states exploring the possibility of building BTC treasuries. Recent data covered by CryptoSlate indicates that if just 20 U.S. states adopted Bitcoin reserves, it could drive a $23 billion inflow into BTC, potentially bolstering state and municipal balance sheets.

While not all states have taken the plunge, increased crypto-friendly legislation is gradually cropping up across the country, pointing toward an appetite for digital assets as a hedge or growth strategy.

The potential impact of a U.S. Crypto Reserve

1. Strengthening U.S. financial clout

A federal crypto reserve could, in theory, position the U.S. at the forefront of digital asset policy and innovation. With countries like El Salvador adopting BTC as legal tender and several global financial centers exploring central bank digital currencies (CBDCs), a U.S. reserve might accelerate national efforts to remain a leader in fintech.

2. Influencing global regulatory discussions

If the U.S. government embraced a basket of crypto assets, that move could reshape ongoing global regulatory debates. The combination of BTC, ETH, XRP, SOL, and ADA indicates a broad approach, pulling in both proof-of-work and proof-of-stake networks as well as key layer-1 protocols used for various DeFi and NFT applications.

3. Boosting liquidity and mainstream adoption

A large-scale entrance of U.S. federal funds into top digital assets could significantly expand market liquidity. In turn, mainstream investors, businesses, and financial institutions might be incentivized to integrate crypto solutions into their operations.

Balancing enthusiasm with skepticism

Some observers remain doubtful about the feasibility of Trump’s proposal, noting that his current statements have yet to be backed by formal policy actions.

It remains unclear how a “Presidential Working Group” would form and function, especially considering ongoing debates in Congress around stablecoins, spot Bitcoin ETFs, and the role of federal agencies like the SEC and CFTC in regulating crypto markets.

Looking ahead

Trump’s nod to digital assets—especially the specific mention of BTC, ETH, XRP, SOL, and ADA—comes at a time when federal agencies and states are already grappling with the best regulatory path forward. Should momentum behind a U.S. Crypto Reserve continue, it could trigger a policy debate spanning both the executive branch and Congress.

Meanwhile, many states that have been independently considering (or in some cases already holding) crypto reserves will likely watch these developments closely.

For now, details surrounding Trump’s suggested reserve remain speculative, but the proposal highlights how mainstream crypto discourse has become—and sets the stage for what could be a foundational shift in how the U.S. government views and manages digital assets.

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