Probably the most popular meme coin, Dogecoin (DOGE), is about to do a “first ever” trick again, into territory no meme coin has ever reached before as the Dogecoin ETF looks set to launch this week.

Behind it is Rex-Osprey, which filed for a DOGE ETF under the ticker DOJE previously this year, and according to Nate Geraci, the approval now looks imminent with the next two months shaping up to be extra important for crypto ETFs.

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The new fund will hold Dogecoin directly while also using derivatives such as futures and swaps to manage exposure, with a mandate that requires at least 80% of net assets to remain tied to the meme coin.

At the same time, managers left themselves room to tap into other crypto ETFs if needed, a flexible structure that mirrors Bitcoin and Ethereum products but is still unprecedented for DOGE.

Dogecoin (DOGE) price under microscope

On Crypto Twitter, the reaction was instant. Unipcs, widely known as “Bonk Guy” after making his fortune on a leveraged BONK long, pointed to the timing and pulled up a price chart that shows DOGE building pressure under a descending trendline. 

The price has been at $0.228 with a 6% daily push, the RSI is around 55 and the wedge formation puts $0.25 and $0.30 as breakout lines above, while $0.20 sits as the main support to watch. The setup looks like a textbook squeeze just as the ETF headlines begin to circulate. The narrative in such situations is like the last piece of the puzzle.

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Whether DOJE attracts strong inflows like Bitcoin or Ethereum ETFs is the main question, but the listing itself signals another step in crypto’s shift toward mainstream packaging. From a joke token to Wall Street-style funds, Dogecoin’s path keeps surprising the market — and this week could mark its most unlikely milestone imaginable.

FIFA Rivals, the high-energy mobile football game from FIFA and Mythical Games, has entered into a multi-year partnership with Bundesliga club Borussia Dortmund, bringing the iconic German side into its fast-growing digital arena.

The collaboration marks FIFA Rivals’ first official club partnership and a major step in the game’s expansion across Europe. It also introduces new ways for fans around the world to engage with Dortmund, both in-game and in real life.

As part of the 2025/26 season rollout, fans and players can look forward to:

• Dortmund stars in-game: Players including Karim Adeyemi, Serhou Guirassy, Nico Schlotterbeck, Gregor Kobel, Jobe Bellingham, Yan Couto, and Daniel Svensson will feature as playable characters.

• Official collectibles: BVB kits will be available in FIFA Rivals starting in August.

• Fan rewards and giveaways: Challenges and events offering digital BVB items, matchday tickets, and official merchandise.

• Real-world activations: Upcoming events with Borussia Dortmund, including at the club’s FanWelt.

To kick off the partnership, FIFA Rivals is running a BVB Launch Giveaway Week from August 18–24. During this time, all players can log in daily to receive a free Borussia Dortmund player card pack featuring select first-team stars. A new official BVB emblem will also be available, with additional limited-edition emblems offering stat boosts in the in-game store.

“This partnership with Borussia Dortmund is a strategic step in expanding FIFA Rivals’ global footprint and deepening our engagement within the European football ecosystem,” said Jung Suh, Chief Business Officer at Mythical Games. “BVB’s global brand, forward-thinking approach, and commitment to fan experience make them an ideal partner as we continue to bridge the worlds of interactive entertainment and sport.”

Carsten Cramer, Managing Director of Borussia Dortmund, added: “It creates a unique bridge between the digital and real worlds, enabling us to connect with our fans around the world in innovative ways. Borussia Dortmund stands for passion, community, and innovation—values that align perfectly with this project.”

About Mythical Games

Acknowledged by Fast Company’s World Changing Ideas 2021 and named one of Forbes’ Best Startup Employers in 2024, Mythical Games is a next-generation studio focused on player ownership and digital economies. The team has worked on major franchises such as Call of Duty, World of Warcraft, Diablo, Overwatch, Magic: The Gathering, Madden NFL, Harry Potter: Hogwarts Mystery, Marvel Strike Force, Modern Warfare 3, and Skylanders. Its own titles, Blankos Block Party and NFL Rivals, are already played by millions of fans worldwide, pioneering new ways to securely trade and engage with digital game assets.

About Borussia Dortmund

Borussia Dortmund is one of Germany’s most storied football clubs, founded in 1909 and boasting over 10 million domestic fans, along with a rapidly growing international following. The club has won eight Bundesliga titles, five DFB-Pokals, and in 1966 became the first German side to win a European trophy. Dortmund went on to lift the UEFA Champions League and the Intercontinental Cup in 1997. With annual revenues exceeding €500 million, BVB is today not only one of Europe’s most successful clubs on the pitch but also among its strongest commercially.

Crypto Journalist

Amin Ayan

Crypto Journalist

Amin Ayan

About Author

Amin Ayan is a crypto journalist with over four years of experience in the industry. He has contributed to leading publications such as Cryptonews, Investing.com, 99Bitcoins, and 24/7 Wall St. He has…

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August 11, 2025

S&P Global Ratings has issued a B- issuer credit rating to Sky Protocol, formerly known as Maker Protocol, in the first-ever rating by a major credit agency for a decentralized finance (DeFi) platform.

The rating forms part of S&P’s ongoing stablecoin issuer assessments, launched in 2023 to evaluate their ability to maintain a peg to fiat currencies.

The review covered the creditworthiness of Sky’s USDS and DAI stablecoins, along with its sUSDS and sDAI savings tokens.

S&P Rates USDS ‘Constrained’ With Score of 4 in First Evaluation

In its first evaluation, S&P gave USDS a “4” on its stability scale — labeled “constrained” — for maintaining its dollar peg.

Sky Protocol, a decentralized lending platform, facilitates crypto-backed loans and uses USDS to support lending and borrowing activity.

USDS ranks as the fourth-largest stablecoin by market cap, with $5.36 billion in circulation, according to CoinMarketCap.

S&P defines a default in this context as a “haircut imposed on token holders.”

The agency highlighted potential triggers, such as mass withdrawals exceeding available liquidity or credit losses outpacing capital reserves.

Weaknesses flagged include high depositor concentration, centralized governance, reliance on founder Rune Christensen, regulatory uncertainty, and limited capitalization, its risk-adjusted capital ratio was just 0.4% as of July 27.

Andrew O’Neil, S&P’s digital assets analytical lead, told Cointelegraph that a B- rating indicates the protocol “can meet its financial obligations” but remains “vulnerable in adverse business, financial and economic conditions.”

The governance issue was underscored by S&P’s observation that decision-making remains highly centralized, partly due to low voter participation, despite Christensen holding nearly 9% of governance tokens.

Sky’s Asset-Liability Committee said the review allowed it to re-examine traditional counterparty risk models and assess DeFi-specific risks such as smart contract vulnerabilities, oracle dependencies, bridge security, and governance issues.

These were identified as areas requiring ongoing monitoring and mitigation.

The rating also lowered Sky’s anchor score to “bb,” four notches below the U.S. banking anchor of “bbb+,” citing the broader regulatory uncertainty facing DeFi.

S&P Ranks USDC Strong, Puts USDT and USDS in ‘Constrained’ Category

S&P’s stablecoin assessment ranked Circle’s USDC at 2 (strong), Tether’s USDT at 4 (constrained), and USDS also at 4, with O’Neil noting that Tether’s main issue is transparency while USDS faces complexity in its asset base and weaker capital reserves.

S&P launched its stablecoin stability framework in December 2023, and in June, awarded its first blockchain-based mortgage securitization, by Figure Technology Solutions, an AAA rating for a $355 million pool of mortgage assets.

Globally, stablecoin regulation is accelerating. In the US, President Donald Trump signed the first federal stablecoin bill on July 18, calling it a “giant step” toward securing American dominance in global finance and crypto technology.

As reproted, Western Union is positioning itself for a new phase of digital transformation, signaling strong interest in using stablecoins to modernize its global remittance operations.

July 2nd, 2025 – London, United Kingdom

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Nexo named Official Digital Wealth Platform of the DP World Tour through 2027

?    New “Nexo Championship” to launch at Trump International Golf Links in August

Nexo, the premier digital assets wealth platform, has signed a three-year landmark partnership with the DP World Tour, becoming the Tour’s Official Digital Asset and Wealth Partner through 2027. The agreement marks the first-ever sponsorship between a crypto wealth platform and a major professional golf tour, placing the partners at the forefront of global sport and finance innovation.

The landmark partnership starts with six premier tournaments in 2025, including the Genesis Scottish Open, featuring notable players Rory McIlroy, Scottie Scheffler, and Matt Fitzpatrick, the Betfred British Masters, the BMW PGA Championship, the Abu Dhabi Championship, and the season-ending DP World Tour Championship in Dubai.

At the heart of the 2025 calendar is the newly renamed Nexo Championship, taking place August 7–10, 2025, at the iconic Trump International Golf Links in Aberdeenshire, Scotland. This flagship event marks Nexo’s bold entry into global sports sponsorship, fusing prestige, performance, and innovation in one of the most revered settings in the sport.

Antoni Trenchev, Co-founder and Managing Partner, Nexo:

“This partnership reflects our belief that wealth and golf are built the same way: with preparation, control, and vision. Both the DP World Tour and Nexo share a commitment to precision, discipline, and performance – whether on the course or in finance. Golf is a natural fit for our brand: elevated, global, and principled.”

Max Hamilton, Executive Commercial Director, DP World Tour:

“Nexo’s forward-thinking approach to innovation and performance aligns seamlessly with ours. Just as the DP World Tour connects global golf fans using the latest technologies, Nexo is reshaping wealth-building with digital tools. Our audience is global, affluent, and financially savvy — making this partnership a powerful platform for strategic engagement.”

At each event, Nexo will activate premium hospitality and bespoke experiences that align with the company’s white-glove, custom services for high-net-worth clients. Strategic, high-impact branding on and off the course will reflect Nexo’s and DP World Tour’s shared values of discipline, precision, and long-term performance, mirroring Nexo’s approach to building sustainable wealth.

Launched in 2018, Nexo helps its clientele manage, preserve, and grow their crypto holdings. This new partnership is a cornerstone of Nexo’s international presence, reinforcing its mission to drive the next generation of wealth. This collaboration signals the rise of a new kind of partner in elite golf: digital-first, innovation-led, and globally minded. For Nexo, it marks more than a sponsorship; it’s a cultural statement and a bold expansion into the real-world arenas where wealth lives, grows, and competes.

About Nexo

Nexo is a premier digital assets wealth platform designed to empower clients to grow, manage, and preserve their crypto holdings. Our mission is to lead the next generation of wealth creation by focusing on customer success and delivering tailored solutions that build enduring value, supported by 24/7 client care.

Since 2018, Nexo has provided unmatched opportunities to forward-thinking clients in over 150 jurisdictions. With over $11 billion in AUM and $320 billion processed, we bring lasting value to millions worldwide. Our all-in-one platform combines advanced technology with a client-first approach, offering high-yield flexible and fixed-term savings, crypto-backed loans, sophisticated trading tools, and liquidity solutions, including the first crypto debit/credit card. Built on deep industry expertise, a sustainable business model, robust infrastructure, stringent security, and global licensing, Nexo champions innovation and long-lasting prosperity.

Official website: nexo.com

About the DP World Tour

The DP World Tour is the main men’s professional golf tour of the European Tour group.

As golf’s global tour, we showcase global talent in global destinations and use our platform to build, entertain and connect our global community.

GLOBAL TALENT: We provide pathways and a platform for the leading international talent, bringing together golfing icons, national heroes and emerging stars from around the world. 

GLOBAL DESTINATIONS: We stage tournaments in iconic cities and locations around the world and each week we celebrate and showcase the rich diversity of the courses, cities and cultures we visit.

GLOBAL COMMUNITY: We build, entertain and connect communities through our commitment to innovation, creative content and having a positive social and environmental impact.

Our 2025 Global Schedule features 42 tournaments in 26 different countries and comprises three distinct phases: five ‘Global Swings’, the ‘Back 9’ and the ‘DP World Tour Play-Offs’. It features five Rolex Series events – the premium category of events on the DP World Tour – and four Major Championships, all of which count towards the Race to Dubai Rankings, the Tour’s season-long competition which concludes at the DP World Tour Championship in Dubai.

DP World, the leading provider of global smart end-to-end supply chain and logistics solutions, has been the title partner of the DP World Tour since the start of the 2022 season, the Tour’s 50th season following its formation in 1972. 

We also enjoy the support of many of the world’s leading business brands with DP World, Rolex, BMW, Buffalo Trace Distillery, Emirates and Fortinet as Official Partners.

Contact

Nexo Communications team, European Tour Group Communications?
communications@nexo.com

A US state is preparing to hand billions of dollars to residents in its first-ever “inflation rebate” program.

New York’s Governor and state lawmakers say they’ve agreed on a budget framework that includes $2 billion for inflation refund checks to over eight million taxpayers.

The plan targets New Yorkers who filed taxes, are not claimed as dependents and earn below $150,000 annually.

Eligible joint filers earning up to $150,000 will receive $400, while those earning between $150,000 and $300,000 will get $300.

Single filers and heads of household earning up to $75,000 will receive $200, and those earning between $75,000 and $150,000 will get $150.

No application is needed and checks will be issued automatically using recent tax filings once the budget is passed and signed into law in about a week from today.

New York’s Democratic Governor Kathy Hochul says the rebates as a response to inflation-driven costs, reports News10 ABC.

“I can’t stop inflation, but everyone across the state paid more because inflation drove up prices.”

But the program has its critics.

Democratic Assemblymember Phil Steck says such programs are gimmicks, arguing for long-term tax relief or other spending priorities.

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In a heartwarming announcement that has been causing excitement across the Doge and Crypto communities, Kabosu’s former owner, Atsuko Sato (Shiba Inu, who became the face of Dogecoin and the broader meme revolution), has revealed plans for a special Doge Anniversary event in Japan next month.

In writing on her blog today, Sato deeply reflected on the bittersweet emotions this season, the beauty of spring, the laughter of the family, and the first anniversary of Kabos’ death. And with that reflection comes a celebration.

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Everything you need to know about Doge Memorial Event

On May 24, 2025, Sato and her friends will be holding a Cabos anniversary party at Sakura Gnome, a charming, dog-friendly park near Sakura Frusat Square in Chiba Prefecture. The event honors Cabos’ memories and provides a warm and welcoming space to remember all of their beloved pets who crossed the Rainbow Bridge last year.

“It’s going to be a very beautiful day,” Sato wrote. “Under the wide sky, as trees whisper in the wind, we remember with laughter to Kabos and all our precious friends. Everyone is welcomed – a dog, or none.”

The assembly is becoming more than just a monument. It is a pleasant tribute, blending memories with celebrations and in the true spirit of doge.

Fans, dog coin holders and meme culture enthusiasts around the world have already been bustling about the announcement, with many suggesting that the event could become an annual pilgrimage for doge enthusiasts around the world.

The organizers encourage anyone who wants to check out Instagram for more information about the full event posted by organizer Kaori Sakai (@f.kaori27).

For a generation that grew up smiling at Kabosu’s iconic “such an amazing” face, the event promises to be an emotional and uplifting moment.

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Doge Price Analysis: Does Doge Memorial Event cause May Doge Price Rally?

When Atsuko Sato announces the news, Dogecoin is trading at a market price of $0.18 (representing a 24-hour change of -0.58%).

This occurs when Doge, alongside the wider meme market, forms a sophisticated frame double bottom support and shifts to upward resistance levels.

Currently, all eyes are at a price level of $0.20, which forms the nearest resistance level and keeps Doge prices down since March.

(dogeusdt)

Above this resistance level, Doge Price spikes to $0.26, a level marked at 200DMA (representing a 45% increase from here).

In fact, this kind of movement is unlikely, with Bitcoin currently targeting returns of over $100,000, with the Doge ETFS process in progress.

One thing we definitely know. Doge is forever. Lots of amazing. Very memories.

Stay tuned for the latest updates on this historic doge celebration!

Discovery: 17 The following cryptocurrency explodes in 2025: Experts’ cryptocurrency predictions and analysis

Post Break: Doge creator Atsuko Sato announces the first-ever Doge Memorial Party. It first appeared in 99 Bitcoin.

Bitcoin is alive and kicking, spitting out an impressive hashrate count like never before.

Bitcoin’s network processing power reaches an unprecedented Zetahash (Zh/s) per second, marking a major milestone in the 16-year history of cryptocurrency.

Multiple blockchain tracking services confirmed achievement between April 4-5, 2023, but we disagree with the exact timing of when the thresholds cross.

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Various trackers report different dates for historic milestones

Zetahash (Zh/s) is a unit of computing power used to measure the hash rate of Bitcoin, reflecting the computing power used to protect the Bitcoin network through mining.

Bitcoin hashrate peaked at 1.025 ZH/s on April 5, according to data from Mempool.space. The BTC frame metric showed a slightly earlier breakthrough on April 4th at 1.02 ZH/s.

Meanwhile, Coinwarz reported an even higher peak of 1.1 Zh/s at Block Height 890,915 on April 4, but also suggested that on March 24, the network first hit the 1 Zh/s mark.

The difference comes from the way each service calculates the hashrate. Blockchain analyst Jameson Lopp previously pointed out that using one “trailing block” and five blocks for estimation could lead to a difference of more than 0.04 Zh/s.

Mitchell Askew, head analyst at Blockware Solutions, said seeing raw hashrate metrics can be deceived due to random variations in block time. He noted that Bitcoin’s 30-day moving average hashrate remains around 0.845 Zh/s.

The network shows the greatest growth since 2016

This achievement represents the pronounced growth of the Bitcoin network. The current hashrate of 1 Zh/s equals 1,000 evash per second, indicating a 1,000-fold increase since late January 2016, when the network first reached 1 Eh/s.

To put this computational power into perspective, Bitcoin processes around 40,000 times more calculations per second than Litecoin, the second largest cryptocurrency network. Based on Coinwarz data, Litecoin currently runs at just 2.49 peta hash per second.

Commercial mining operations promote hashrate growth

According to Askew, the surge in hashrates is consistent with increasing competition among commercial Bitcoin mining companies. Miners are doubling, expanding their sites and stuffing them with more efficient machines, he said. However, he warned that inefficient miners could struggle unless Bitcoin prices rise in the coming months.

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At least 24 publicly available companies operate Bitcoin mining equipment, according to Companiesmarketcap.com. Mara Holdings leads the pack with over 50 EH/s computing power. Other key contributors include Riot Platforms, Core Scientific, CleanSpark, Hut 8 Mining and Terawulf.

According to the hashrate index, the majority of the network’s hashrate flows through major mining pools, with Foundry USA and Antpools controlling the largest shares.

Record hashrates coincides with market slump

The network’s technical achievements occurred during a rapid market decline. Bitcoin price fell 8% in 24 hours to $77,210, but US stocks have experienced what analysts called their biggest two-day loss to date.

Gemini Images, TradingView charts