Dogecoin (DOGE) News & Analysis Today

Dogecoin, often called the first “meme coin,” started in December 2013 as a parody of Bitcoin and the growing wave of altcoins. Created by software engineers Billy Markus from Portland and Jackson Palmer from Adobe, the coin borrowed its branding from the viral Doge meme and its technology from Litecoin. What began as a lighthearted joke quickly grew into a community-driven project with a massive online following. One of Dogecoin’s key features is speed and affordability. New blocks are produced every minute, much faster than Bitcoin’s 10-minute cycle, with transaction fees typically a fraction of a cent. This made DOGE practical for everyday payments, tips, and microtransactions at a time when other cryptocurrencies were expensive or slow to use. Over the years, Dogecoin has been accepted by major merchants, from Tesla merchandise and AMC theaters to various online retailers.

  • The cryptocurrency market rallied after Federal Reserve Chair Jerome Powell hinted at a possible rate cut in September during his speech at Jackson Hole. He pointed to weak labor market data and slowing economic growth, noting that tighter immigration policies are weighing on employment and activity.

  • The crypto market is pulling back after sharp gains in recent weeks. Bitcoin has dropped well below its record high, while XRP is struggling to hold the crucial three-dollar mark.

  • Grayscale has submitted a filing to the U.S. Securities and Exchange Commission (SEC) to register a spot exchange-traded fund tied to Dogecoin (DOGE). The product, called the Grayscale Dogecoin Trust ETF, would list on NYSE Arca under the ticker GDOG if approved.