News Heat Trend
Ansem: Meme coins are capturing internet attention; the next phase requires exploring long-term value
Ansem posted on X platform, stating that Meme coins like Dogecoin attract a large number of buyers because they bring in investors who would not normally participate in the stock market. These individuals may not purchase traditional financial assets, but they are willing to buy Meme coins associated with familiar figures and tokens tied to their own internet cultural identity. At the same time, when a Meme coin becomes large enough and sufficiently liquid, it also attracts participation from major funds and trading institutions. Ansem also noted that older generations of investors dislike Meme coins because they cannot understand the strong connection younger generations have with internet memes, culture, and content. However, the crypto industry is unique because tokenization is one of the few ways people can invest and speculate on these socio-cultural trends. The real breakthrough in the next phase lies in how to channel the attention and capital momentum brought by retail speculators into assets that not only rely on Meme hype but also generate long-term value.
a16z Leads Special’s Funding Round; Former DOGE Team Bets on AI-Driven M&A Cost Reduction
According to Tech in Asia, Special, an AI-powered M&A firm co-founded by Nate Cavanaugh and Justin Fox—both former staff members of the U.S. government’s Department of Government Efficiency (DOGE)—has announced a funding round of undisclosed amount, led by Andreessen Horowitz (a16z). Investors include Antonio Gracias, founder of Valor Equity Partners; Anthony Armstrong, former CFO of xAI; Brian Armstrong, CEO of Coinbase Global; and Shyam Sankar, CTO of Palantir Technologies. Special plans to acquire service-based businesses by automating workflows with AI to reduce costs, and has already reached an agreement to acquire a Texas-based healthcare company, which will be integrated into Figure Health—the company’s business line focused on aging populations.
Musk says "most cryptocurrencies are scams" during OpenAI trial testimony, drawing market attention once again
during his trial testimony against OpenAI, Elon Musk stated, “Some cryptocurrency has value, but most of it is a scam.” The remarks came during cross-examination at the Oakland, California court, where the case involved OpenAI’s early consideration of raising funds through an ICO (Initial Coin Offering).According to reports, Musk’s response to relevant questions during the trial pointed to widespread speculation and fraudulent activities in the crypto asset space, drawing market attention.Notably, Musk’s stance on the crypto market has long shown significant volatility: during the 2021 bull market, he pushed Tesla to purchase approximately $1.5 billion worth of Bitcoin and publicly mentioned Dogecoin on multiple occasions, driving substantial price surges for related assets. However, Tesla reduced its Bitcoin holdings by 75% in 2022 and booked an impairment loss of approximately $222 million on its remaining holdings in the first quarter of 2026. According to the latest financial report, it still holds approximately 11,509 Bitcoins, with a book value of around $786 million. (Fortune)
Bitcoin Volatility Hits New Cycle Low, Analysts Warn "Low Volatility Does Not Equal Low Risk"
According to CoinDesk, Bitcoin's 30-day implied volatility has fallen to the 36% long-term support bottom, with prices trading in a narrow range below $65,000. Adam Haeems, Head of Asset Management at Tesseract Group, warned that in a low-volatility environment, declining trading costs actually attract traders to establish large-scale directional bets and hedge positions. Once the market breaks through key levels, market makers' passive hedging will accelerate price volatility, leading to a mean-reverting rebound in volatility. Regarding market sentiment, Paul Howard, Senior Director at Wincent, pointed out that current demand for put options has significantly weakened, but call option buying is also absent—Glassnode describes this as "no one is paying for upside, and no one is paying for downside," believing this is typically a signal that the market is approaching a cycle bottom. The divergence in price trends between DOGE and BTC also confirms the continued absence of speculative sentiment. Howard stated that the next significant catalyst could be institutional ETF fund inflows driven by positive regulatory developments such as the Clarity Act, while a breakdown in Strait of Hormuz negotiations and inflation shocks constitute major downside risks.
Musk: AI Could Surpass Total Human Intelligence Within 5 Years, Admits to “Getting Carried Away” with Politics
Elon Musk recently gave an interview to Zanny Minton Beddoes, Editor-in-Chief of The Economist, discussing topics including super-intelligent AI, politics, and AI regulation.Musk predicted that artificial intelligence would surpass the combined intelligence of all human beings within the next 5 years or so, stating that AI would then outperform humans in almost every field, except for “being human itself.” He believes AI has the potential to bring about an “unprecedented era of abundance,” allowing people to obtain almost anything they desire.Regarding AI risks, Musk reiterated his previous assessment that there is roughly a 10% to 20% probability of AI leading to human extinction. However, he noted that as the development of AI and robotics technology has become irreversible, he has accepted this reality. He described his current attitude as “enjoying the ride,” adding that even if a “pause button” existed, it might not necessarily be pushed.Musk admitted he has been “a bit too invested in politics, even a little carried away.” Nevertheless, he defended his previous work pushing for the Department of Government Efficiency (DOGE) to cut fiscal spending, stating that his goal was to reduce government waste and fraudulent expenditures.On AI governance, Musk suggested that major AI labs such as OpenAI, xAI, and Anthropic should hold regular safety meetings to mutually assess potential risks before releasing new models. He believes that competitors are better positioned than governments to identify problems in each other's models.Additionally, Musk once again criticized OpenAI for transitioning from a non-profit organization to a closed-source for-profit company, and reiterated his dissatisfaction with OpenAI CEO Sam Altman. At the same time, he praised Anthropic co-founder and CEO Dario Amodei, calling him “a man of great principle,” and stated that if necessary, AI companies should “put aside personal grievances and cooperate for the good of the world.”During the interview, Musk also insisted that budget cuts to the United States Agency for International Development (USAID) “did not cause any deaths” and denied related criticisms, prompting questions from the interviewer. (BusinessInsider)
SEC Launches ETF Rule Review, Focusing on Crypto Funds and Prediction Market ETFs
the U.S. SEC stated on Tuesday that it is publicly seeking comments on the regulatory approach for "novel ETFs," evaluating whether existing fund registration and listing processes need adjustments. This review comes amid the rapid expansion of crypto ETFs and an increase in applications for prediction market-related ETFs.SEC Chairman Paul Atkins said the regulator wants to hear market opinions to ensure that the U.S. ETF market can effectively serve investors while continuing to grow and innovate. Since Atkins took over as SEC Chairman in April 2025, the SEC has approved multiple crypto ETFs beyond Bitcoin and Ethereum, including products tracking assets like SOL and DOGE.Currently, market attention is shifting towards prediction market ETFs linked to political and economic outcomes. The SEC has not yet approved such funds for listing and trading and has delayed several related applications. Atkins previously stated that the SEC will evaluate these products in a "transparent and prudent" manner.In this request for comment, the SEC is asking whether a standardized listing framework should be established for ETFs meeting specific criteria and whether certain novel ETFs need to register as investment companies. TD Cowen analysts believe that this request for comment could potentially lead to rule changes as early as 2027, allowing the SEC to permit a wider range of ETF types, including products based on event contracts, crypto assets, and single-stock strategies. (The Block)
T. Rowe Price Multi-Asset Crypto ETF Approved by SEC, Can Include Up to 15 Crypto Assets
the actively managed crypto ETF launched by T. Rowe Price was approved by the U.S. SEC on June 12, 2026, marking a key step toward its listing on NYSE Arca. Although the product has not yet begun trading, it is close to being officially opened to investors.The ETF plans to allocate between 5 and 15 crypto assets. The current draft shows it will cover major assets such as Bitcoin (BTC), Ethereum (ETH), Solana, and XRP, along with highly volatile tokens like Dogecoin (DOGE) and Shiba Inu (SHIB), reflecting a strategy to expand into a broader digital asset portfolio. The approval process accelerated since April 2026, during which T. Rowe Price submitted multiple revised proposals. The SEC formally approved the second amended filing on June 12, indicating growing regulatory acceptance of multi-asset crypto ETF structures.Market analysts believe that if the product successfully launches, it will further expand institutional investors' compliant exposure to diversified crypto assets and could set a regulatory precedent for more actively managed multi-currency crypto ETFs in the future. (intellectia)
Kalshi applies to launch perpetual futures for 12 tokens including Ethereum, XRP, Solana, and Dogecoin
Prediction market platform Kalshi has submitted a self-certification application to launch derivatives linked to Ethereum, XRP, Solana, Dogecoin, Stellar, Chainlink, Bitcoin Cash, Litecoin, Sui, Shiba Inu, Polkadot, and Hedera. This follows the CFTC's approval of Bitcoin perpetual futures last Friday. The CFTC stated that perpetual futures products that US companies intend to list, other than Bitcoin, will be reviewed on a case-by-case basis, and noted that the design of such derivatives may not be suitable for all asset classes. Therefore, this batch of products submitted by Kalshi has not yet been approved.
Dogecoin Integrates into Paxos Enterprise Network, Potentially Gaining Indirect Access to PayPal and Venmo Ecosystems
House of Doge, an organization associated with Dogecoin (DOGE), has announced a partnership with regulated stablecoin and crypto infrastructure provider Paxos to integrate Dogecoin into its enterprise-grade crypto brokerage and custody network.Paxos serves as the underlying blockchain infrastructure provider for payment platforms such as PayPal, Venmo, and Mercado Libre. These platforms leverage Paxos's capabilities to offer users crypto asset buying, selling, and custody services. This initial partnership is focused on enterprise clients, and it remains unclear whether it will expand to consumer-facing applications in the future. Marco Margiotta, CEO of House of Doge, stated that this collaboration will accelerate Dogecoin's global accessibility and provide a compliant entry path for mainstream fintech platforms.Paxos stated that the move aims to provide secure and compliant access to digital assets through its regulated infrastructure, and to support enterprise clients in expanding their crypto asset product lines. (The Block)
Analyst: Dogecoin volatility compresses to lowest since September 2023, major move may be coming
Crypto analyst Ali posted on the X platform that Dogecoin (DOGE) is currently experiencing its most severe Bollinger Bands contraction since September 2023. Ali noted that DOGE's price trading range has narrowed significantly, and extreme Bollinger Band compression typically signals that market volatility is building up, which could lead to a significant price breakout in the near future.Bollinger Band contraction is generally viewed as a signal of a low-volatility phase, and historically, similar extreme compressions have often been accompanied by a directional trend selection. However, the analyst cautioned that volatility expansion does not necessarily mean prices will rise, as the ultimate direction still depends on market capital inflows, trading volume, and the overall crypto market environment.
Bitcoin Volatility Hits New Cycle Low, Analysts Warn "Low Volatility Does Not Equal Low Risk"
According to CoinDesk, Bitcoin's 30-day implied volatility has fallen to the 36% long-term support bottom, with prices trading in a narrow range below $65,000. Adam Haeems, Head of Asset Management at Tesseract Group, warned that in a low-volatility environment, declining trading costs actually attract traders to establish large-scale directional bets and hedge positions. Once the market breaks through key levels, market makers' passive hedging will accelerate price volatility, leading to a mean-reverting rebound in volatility. Regarding market sentiment, Paul Howard, Senior Director at Wincent, pointed out that current demand for put options has significantly weakened, but call option buying is also absent—Glassnode describes this as "no one is paying for upside, and no one is paying for downside," believing this is typically a signal that the market is approaching a cycle bottom. The divergence in price trends between DOGE and BTC also confirms the continued absence of speculative sentiment. Howard stated that the next significant catalyst could be institutional ETF fund inflows driven by positive regulatory developments such as the Clarity Act, while a breakdown in Strait of Hormuz negotiations and inflation shocks constitute major downside risks.
SHIB Market Cap Surges Approximately $1 Billion in Single Day, Korean Exchanges Emerge as Major Source of Buying Pressure
Meanwhile, Dogecoin (DOGE) rose only about 6% during the same period, while other dog-themed tokens increased by around 10%, indicating that capital was primarily concentrated into SHIB. In the derivatives market, during this rally, positions of about 2,300 traders in SHIB and 1000SHIB were liquidated, with a total liquidation value of about $6 million, of which short positions accounted for about $5 million, but analysis suggests that short covering was more a result of the price increase rather than the main driving factor of this market movement.
Bitcoin ETFs saw a net inflow of $79.15 million in a single day, while Ethereum ETFs recorded a net outflow of $28.04 million
on July 16, Bitcoin ETFs registered a net inflow of $79.15 million, marking the third consecutive trading day of positive inflows. Among them, Blackrock IBIT saw a net inflow of $33.44 million, Fidelity FBTC recorded a net inflow of $30.73 million, and Bitwise BITB posted a net inflow of $14.98 million. Ethereum ETFs recorded a net outflow of $28.04 million on the same day. Grayscale Ether Mini Trust saw a net outflow of $14.28 million, Fidelity FETH recorded a net outflow of $11.20 million, and Grayscale ETHE reported a net outflow of $4.84 million; meanwhile, Bitwise ETHW posted a net inflow of $2.28 million. XRP ETFs recorded a net inflow of $6.78 million on that day, while Solana ETFs saw a net inflow of $1.66 million. T. Rowe Price's TKNZ began trading with approximately $15 million in initial assets, with a portfolio including Bitcoin, Ethereum, BNB, Solana, XRP, HYPE, XLM, and Dogecoin.
SEC Launches ETF Rule Review, Focusing on Crypto Funds and Prediction Market ETFs
the U.S. SEC stated on Tuesday that it is publicly seeking comments on the regulatory approach for "novel ETFs," evaluating whether existing fund registration and listing processes need adjustments. This review comes amid the rapid expansion of crypto ETFs and an increase in applications for prediction market-related ETFs.SEC Chairman Paul Atkins said the regulator wants to hear market opinions to ensure that the U.S. ETF market can effectively serve investors while continuing to grow and innovate. Since Atkins took over as SEC Chairman in April 2025, the SEC has approved multiple crypto ETFs beyond Bitcoin and Ethereum, including products tracking assets like SOL and DOGE.Currently, market attention is shifting towards prediction market ETFs linked to political and economic outcomes. The SEC has not yet approved such funds for listing and trading and has delayed several related applications. Atkins previously stated that the SEC will evaluate these products in a "transparent and prudent" manner.In this request for comment, the SEC is asking whether a standardized listing framework should be established for ETFs meeting specific criteria and whether certain novel ETFs need to register as investment companies. TD Cowen analysts believe that this request for comment could potentially lead to rule changes as early as 2027, allowing the SEC to permit a wider range of ETF types, including products based on event contracts, crypto assets, and single-stock strategies. (The Block)
Ansem responds to the "creator token" controversy: Misjudged trust assumptions, but will explore "positive crypto attention mechanism"
Ansem posted on X, stating that his past judgments regarding celebrity participation in crypto projects were overly idealistic. He had assumed they would not "rug" millions of supporters, but this assumption has been proven wrong by reality, and he stated he will not make the same judgment error in the future.However, Ansem emphasized that he is not a celebrity himself and has no intention of exiting a project improperly. He believes that Meme and narrative-based tokens may still play a "net positive" role in the crypto market, including attracting new users into the industry, providing speculative liquidity for the market, and reactivating market sentiment during bear market bottoms.Using Dogecoin and Bonk as examples, he stated that such assets have brought large-scale user adoption and wealth effects in different cycles. Dogecoin's market cap once reached $11 billion, while Bonk helped revive sentiment within the Solana ecosystem during the低迷 period following the FTX collapse.Ansem also mentioned that he entered the crypto industry in 2017, quit his job as a software engineer in 2021, and is currently co-founding the trading application BullpenFi while hosting the podcast project MarketBubble. He noted that he has participated in discussions on multiple Meme coins in the past, but often encountered anonymous accounts using liquidity structures to front-run and then "dump" on the opposite side, making him a tool for attention. He emphasized that his current project is the first time he is participating with "control over the majority of the token supply" and stated that he will attempt to find a balance between market attention and industry building.
DOGE Owner Clarifies: CATE Has No Connection to Me, Only Official Projects DOG and COCORO Are Recognized
@kabosumama, the owner of Doge's original canine model Kabosu, stated that recently circulated tokens like CATE have absolutely no connection to her. She mentioned that after posting Instagram content about a newly rescued kitten, the relevant posts were used without authorization to create counterfeit tokens, and she expressed regret over some accounts misusing her photos and content.She stated that the only project she is currently officially involved with and endorses is Own The Dog. The project acquired the Doge NFT in 2021 and launched the DOG token; additionally, both parties collaborated to launch the COCORO token on the Base network in 2025, with the proceeds intended to support daily animal care and animal protection activities.Kabosu’s owner reminded the public to rely on official announcements for information regarding herself and urged the community to remain vigilant against projects and tokens unrelated to her.
Musk: AI Could Surpass Total Human Intelligence Within 5 Years, Admits to “Getting Carried Away” with Politics
Elon Musk recently gave an interview to Zanny Minton Beddoes, Editor-in-Chief of The Economist, discussing topics including super-intelligent AI, politics, and AI regulation.Musk predicted that artificial intelligence would surpass the combined intelligence of all human beings within the next 5 years or so, stating that AI would then outperform humans in almost every field, except for “being human itself.” He believes AI has the potential to bring about an “unprecedented era of abundance,” allowing people to obtain almost anything they desire.Regarding AI risks, Musk reiterated his previous assessment that there is roughly a 10% to 20% probability of AI leading to human extinction. However, he noted that as the development of AI and robotics technology has become irreversible, he has accepted this reality. He described his current attitude as “enjoying the ride,” adding that even if a “pause button” existed, it might not necessarily be pushed.Musk admitted he has been “a bit too invested in politics, even a little carried away.” Nevertheless, he defended his previous work pushing for the Department of Government Efficiency (DOGE) to cut fiscal spending, stating that his goal was to reduce government waste and fraudulent expenditures.On AI governance, Musk suggested that major AI labs such as OpenAI, xAI, and Anthropic should hold regular safety meetings to mutually assess potential risks before releasing new models. He believes that competitors are better positioned than governments to identify problems in each other's models.Additionally, Musk once again criticized OpenAI for transitioning from a non-profit organization to a closed-source for-profit company, and reiterated his dissatisfaction with OpenAI CEO Sam Altman. At the same time, he praised Anthropic co-founder and CEO Dario Amodei, calling him “a man of great principle,” and stated that if necessary, AI companies should “put aside personal grievances and cooperate for the good of the world.”During the interview, Musk also insisted that budget cuts to the United States Agency for International Development (USAID) “did not cause any deaths” and denied related criticisms, prompting questions from the interviewer. (BusinessInsider)
US Treasury Sanctions Cuba-Related Cryptocurrency Addresses
According to Livecoins, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) announced a new round of sanctions on July 13, freezing 13 cryptocurrency wallets and trust funds associated with the Cuban regime, involving addresses on multiple chains such as Tron (TRX), Litecoin (LTC), Dogecoin (DOGE), Solana (SOL), Dash (DASH), and Zcash (ZEC), as well as Bitcoin and Ethereum assets. Sanctioned targets include Ukrainian citizen Dmytro Rashevskyi, Belarusian resident Yevgeniy Vladimirovich Silayev, and several Cuban state-owned institutions such as the Association of Combatants of the Cuban Revolution and the Cuban Ministry of Tourism. OFAC simultaneously released FAQ 1262, advising all U.S. citizens to immediately cease all dealings with the entities on the aforementioned sanctions list.
Ansem responds to the "creator token" controversy: Misjudged trust assumptions, but will explore "positive crypto attention mechanism"
Ansem posted on X, stating that his past judgments regarding celebrity participation in crypto projects were overly idealistic. He had assumed they would not "rug" millions of supporters, but this assumption has been proven wrong by reality, and he stated he will not make the same judgment error in the future.However, Ansem emphasized that he is not a celebrity himself and has no intention of exiting a project improperly. He believes that Meme and narrative-based tokens may still play a "net positive" role in the crypto market, including attracting new users into the industry, providing speculative liquidity for the market, and reactivating market sentiment during bear market bottoms.Using Dogecoin and Bonk as examples, he stated that such assets have brought large-scale user adoption and wealth effects in different cycles. Dogecoin's market cap once reached $11 billion, while Bonk helped revive sentiment within the Solana ecosystem during the低迷 period following the FTX collapse.Ansem also mentioned that he entered the crypto industry in 2017, quit his job as a software engineer in 2021, and is currently co-founding the trading application BullpenFi while hosting the podcast project MarketBubble. He noted that he has participated in discussions on multiple Meme coins in the past, but often encountered anonymous accounts using liquidity structures to front-run and then "dump" on the opposite side, making him a tool for attention. He emphasized that his current project is the first time he is participating with "control over the majority of the token supply" and stated that he will attempt to find a balance between market attention and industry building.
Huobi Margin Launches User Reward Program: Interest-Free and Guaranteed Loss Coverage for New Users’ First 1 USDT Position; Up to 30% of Trading Fees Refunded; Participate in Trading to Share a $20,000 USDT Prize Pool
According to the official announcement, HTX has officially launched its “Margin User Rewards Program” and simultaneously kicked off the ninth edition of its Margin Trading Competition. From now until 20:00 (UTC+8) on June 15, users who register and complete KYC verification can participate to enjoy trading fee rebates, accelerated order execution, and exclusive benefits for newcomers—expressing HTX’s gratitude for users’ long-term support and trust. For new margin traders, HTX offers a “$1 Margin Opening” experience: users need only $1 USDT as initial capital to execute their first $10 USDT margin trade. The platform provides $9 USDT in interest-free borrowed funds, and HTX will compensate users for losses on their first trade—significantly lowering the barrier to entry for margin trading. Additionally, HTX has launched a Margin Trading Competition with a total prize pool of $20,000 USDT. During the event, users can receive up to 30% in trading fee rebates based on their margin trading volume. Notably, margin trading volume in designated cryptocurrencies—including BTC, ETH, SOL, DOGE, TRX, and XRP—is counted at triple weight toward the total volume, helping users seize market opportunities and unlock higher rebate tiers more quickly.
Dogecoin Integrates into Paxos Enterprise Network, Potentially Gaining Indirect Access to PayPal and Venmo Ecosystems
House of Doge, an organization associated with Dogecoin (DOGE), has announced a partnership with regulated stablecoin and crypto infrastructure provider Paxos to integrate Dogecoin into its enterprise-grade crypto brokerage and custody network.Paxos serves as the underlying blockchain infrastructure provider for payment platforms such as PayPal, Venmo, and Mercado Libre. These platforms leverage Paxos's capabilities to offer users crypto asset buying, selling, and custody services. This initial partnership is focused on enterprise clients, and it remains unclear whether it will expand to consumer-facing applications in the future. Marco Margiotta, CEO of House of Doge, stated that this collaboration will accelerate Dogecoin's global accessibility and provide a compliant entry path for mainstream fintech platforms.Paxos stated that the move aims to provide secure and compliant access to digital assets through its regulated infrastructure, and to support enterprise clients in expanding their crypto asset product lines. (The Block)
Related news
Analyst: Dogecoin volatility compresses to lowest since September 2023, major move may be coming
Crypto analyst Ali posted on the X platform that Dogecoin (DOGE) is currently experiencing its most severe Bollinger Bands contraction since September 2023. Ali noted that DOGE's price trading range has narrowed significantly, and extreme Bollinger Band compression typically signals that market volatility is building up, which could lead to a significant price breakout in the near future.Bollinger Band contraction is generally viewed as a signal of a low-volatility phase, and historically, similar extreme compressions have often been accompanied by a directional trend selection. However, the analyst cautioned that volatility expansion does not necessarily mean prices will rise, as the ultimate direction still depends on market capital inflows, trading volume, and the overall crypto market environment.
DOGE Open Interest Approaches October 2025 Levels, Price Down Over 70% Compared to Then
According to CoinDesk, Dogecoin DOGE futures speculation levels have rebounded to near October 2025 levels, but its spot price still hovers around $0.07, down nearly 70% over the past year. Data shows that DOGE open interest value has risen from about $930 million at the end of June to about $1.21 billion; calculated by token quantity, current open interest is about 17.18 billion DOGE, close to the 17.78 billion level in October 2025, when DOGE price was near $0.25.
DOGE futures open interest reaches $1.21 billion, speculative positions near October 2025 levels
Odaily News - Dogecoin's price has dropped to around $0.07, down nearly 70% over the past year; during the same period, DOGE futures open interest has risen to approximately $1.21 billion, with speculative positions measured in token count nearing October 2025 levels. On major exchanges such as Binance and OKX, the number of long positions in DOGE significantly exceeds short positions. If the price declines further, these positions face the risk of forced liquidation, which could bring additional selling pressure. (CoinDesk)
T. Rowe Price Responds to Including Dogecoin in Crypto ETF: Asset Management Companies Should Not Exclude Meme Coins
According to CoinDesk, U.S. asset management giant T. Rowe Price included Dogecoin in its portfolio after launching the industry's first actively managed multi-token spot crypto ETF, sparking market attention. Its Head of Digital Assets, Blue Macellari, responded that including mature Meme coins in the portfolio is not to chase online hype, but to more comprehensively reflect the crypto market. Active management means making judgments based on the investment value of each token, rather than directly excluding them simply because a certain asset class is controversial. It is reported that the T. Rowe Price Active Crypto ETF (TKNZ) primarily allocates to Bitcoin and Ethereum, which together account for approximately 60% of the fund's positions. The third-largest holding is BNB. Currently, only one Meme coin, Dogecoin (DOGE), is included, representing about 1.26% of the fund's asset allocation. Regarding the future crypto ETF market, Blue Macellari expects the industry to gradually become more segmented. In the future, large-cap "blue-chip" crypto ETFs, small-cap growth crypto ETFs, and thematic ETFs based on different sectors may emerge. T. Rowe Price does not plan to compete with institutions like BlackRock on passive crypto investment products, but instead focuses on the active management space, seeking asset allocation opportunities in the rapidly changing crypto market.
Bitcoin Volatility Hits New Cycle Low, Analysts Warn "Low Volatility Does Not Equal Low Risk"
According to CoinDesk, Bitcoin's 30-day implied volatility has fallen to the 36% long-term support bottom, with prices trading in a narrow range below $65,000. Adam Haeems, Head of Asset Management at Tesseract Group, warned that in a low-volatility environment, declining trading costs actually attract traders to establish large-scale directional bets and hedge positions. Once the market breaks through key levels, market makers' passive hedging will accelerate price volatility, leading to a mean-reverting rebound in volatility. Regarding market sentiment, Paul Howard, Senior Director at Wincent, pointed out that current demand for put options has significantly weakened, but call option buying is also absent—Glassnode describes this as "no one is paying for upside, and no one is paying for downside," believing this is typically a signal that the market is approaching a cycle bottom. The divergence in price trends between DOGE and BTC also confirms the continued absence of speculative sentiment. Howard stated that the next significant catalyst could be institutional ETF fund inflows driven by positive regulatory developments such as the Clarity Act, while a breakdown in Strait of Hormuz negotiations and inflation shocks constitute major downside risks.
DOGE Owner Clarifies: CATE Has No Connection to Me, Only Official Projects DOG and COCORO Are Recognized
@kabosumama, the owner of Doge's original canine model Kabosu, stated that recently circulated tokens like CATE have absolutely no connection to her. She mentioned that after posting Instagram content about a newly rescued kitten, the relevant posts were used without authorization to create counterfeit tokens, and she expressed regret over some accounts misusing her photos and content.She stated that the only project she is currently officially involved with and endorses is Own The Dog. The project acquired the Doge NFT in 2021 and launched the DOG token; additionally, both parties collaborated to launch the COCORO token on the Base network in 2025, with the proceeds intended to support daily animal care and animal protection activities.Kabosu’s owner reminded the public to rely on official announcements for information regarding herself and urged the community to remain vigilant against projects and tokens unrelated to her.