First, Binance announced the launch of perpetual DOGE/USDT contracts on its derivatives platform Binance Futures with leverage of up to 50x. The tool will become available to users on July 10.
Second, OKEx added support for DOGE trading on its spot margin trading section and savings service. On July 10, the platform will also launch a perpetual DOGE/USDT swap with leverage of up to 20x.
. @Dogecoin is landing on Bitfinex as MDOGE (MegaDogecoin), with a conversion rate of 1 million.
Deposits will open on July 10th at 7:30 AM UTC, trading and withdrawals will start an hour later. Available pairs will be DOG/USD, DOG/UST and DOG/BTC. https://t.co/j4WB76g1A4pic.twitter.com/d3v7lFif36
Third, Bitfinex announced the listing of DOGE on its platform—in the form of MegaDogecoin (MDOGE), which is equal to one million “normal” DOGE. At the current exchange rate, this makes one MDOGE worth around $4,640.
Who let the DOGE out?
As Decrypt reported, a single viral TikTok video was enough to pump DOGE by 43% yesterday, driving the token’s price to its highest point since 2018. Today, the token is up roughly 20%, trading at around $0.0045. Yet, still a long way to $1—the price which the creators of the video want to hit.
According to CoinMarketCap, DOGE now occupies the 26th place among top cryptocurrencies by market capitalization, outpacing 15 of its peers since July 5, including Compound (COMP), Basic Attention Token (BAT), Kyber Network (KNC) and Aave (LEND).
And DOGE’s triumphant march did not go unnoticed. For example, Morgan Creek Digital co-founder Jason Williams already commented on Twitter that he was buying DOGE.
Former Thai Prime Minister Thaksin Shinawatra met with a group of digital asset investors in Bangkok on Tuesday to discuss a proposal aimed at establishing Thailand as a regional hub for digital assets.
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REX Shares and Osprey Funds have filed with the U.S. Securities and Exchange Commission to list a BNB staking exchange-traded fund, according to an N-1A form submitted yesterday.
The fund, which would be listed on the Cboe BZX Exchange, will seek to “stake all its Reference Asset [BNB] holdings,” although the filing also states that “no more than 15% of the Fund’s net assets” will be “illiquid.”
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Fundstrat Head of Research Tom Lee predicted that Ethereum would hit a temporary bottom Tuesday before beginning a climb beyond $5,000, shortly before the token began inching upward.
Citing a message sent to him by Fundstrat Global Head of Technical Strategy Mark Newton, Lee, who also serves as chair of ETH treasury BitMine Immersion, endorsed the view that Ethereum will not fall lower than $4,000 in the near term.
Newtown suggested in his message that the altcoin will “bottom out sometime in (...
