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)
Dogecoin ETFs Attract Only $12 Million in Ten Months, While XRP and Solana Combined Inflows Exceed $3 Billion
three U.S. Dogecoin ETFs have collectively attracted just over $12 million in inflows over the past 10 months, compared to XRP funds which pulled in $12.29 million in a single day on September 9. Since their debut in November 2025, XRP funds have accumulated $1.7 billion in net inflows, while Solana funds have drawn $1.36 billion since launching in October 2025—both more than 100 times the total for Dogecoin funds.Previously, Bitwise announced it would shut down its Dogecoin ETF BWOW, which held only $687,713 in assets as of September 9, with trading expected to cease on October 14. Data shows that across 199 trading days, the three Dogecoin funds recorded net inflows on only 28 days, with zero net flows on 166 days. MyDoge founder Jordan Jefferson believes that accessibility has never been the biggest bottleneck for Dogecoin; whether institutional demand can be unlocked depends on whether investors can find underwriting value beyond price appreciation. (CoinDesk)
Bonk Guy Calls Another Token USELESS: Already Listed on Upbit and Bithumb, Watch for Its Potential Upside
Trader Bonk Guy (Unipcs) posted that he has long considered USELESS to be this cycle's equivalent to DOGE, SHIB, or PEPE, yet many continue to disregard it. He noted that South Korea's two major centralized exchanges, Upbit and Bithumb, listed USELESS just hours apart today, granting it a major new distribution channel from one of the world's key crypto markets. Bonk Guy further emphasized that attention should remain on whether USELESS will be listed on Hyperliquid, Robinhood, or Binance Spot next. He argued that instead of debating whether USELESS will emerge as this cycle's flagship memecoin, focus should shift to how high its price can potentially reach, as the underlying pattern is becoming increasingly clear. He also noted that investors can either accumulate USELESS now or wait until its market cap reaches several billion dollars, perceiving that stage as "safer".
Bonk Guy Shills USELESS Again: Claims It Could Be a DOGE/PEPE-Level Opportunity This Cycle
Renowned trader Bonk Guy stated that he has been tracking and trading Meme coins for three consecutive cycles, and has previously publicly predicted the market trends of multiple Meme coins with multi-billion dollar market caps. He believes USELESS could become an opportunity similar to DOGE or PEPE in this market cycle.
Bonkguy: USELESS Will Become the Leading Meme Coin This Cycle, with Higher Conviction Than All Previous Trades
Odaily News Trader Bonkguy (unipcs) stated on the X platform that his publicly recorded Meme coin trades from the previous cycle include: BONK growing from $16,000 to over $20 million, WIF growing from $6,000 to over $1 million, FARTCOIN growing from approximately $300,000 to over $8 million, PNUT and POPCAT each growing from low six-figure USD amounts to over $1 million, and MAGA, DOGEGOV, and Roaring Kitty-themed tokens collectively growing from low five-figure and six-figure USD amounts to over $5-10 million.Unipcs stated that despite constant ridicule and claims that he would fail, his judgment has been repeatedly validated. Additionally, Unipcs said he believes USELESS will become the leading Meme coin this cycle, becoming the next DOGE or SHIB with a market cap in the tens of billions, and stated that his conviction in USELESS is stronger than in any previous trade. This is his most representative Meme coin trade of the cycle and the one he is most willing to stake his reputation on.
Japanese Listed Company Remixpoint Liquidates Altcoins, Retains Only Bitcoin Holdings
Japanese publicly listed company Remixpoint announced that it sold all of its holdings of ETH, SOL, XRP, and DOGE on September 1, totaling 878.8 million yen and realizing a gain of 117.8 million yen. Following the sale, the company's remaining cryptocurrency holdings consist solely of approximately 1,506 Bitcoin.
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.
Bonk Guy Calls Another Token USELESS: Already Listed on Upbit and Bithumb, Watch for Its Potential Upside
Trader Bonk Guy (Unipcs) posted that he has long considered USELESS to be this cycle's equivalent to DOGE, SHIB, or PEPE, yet many continue to disregard it. He noted that South Korea's two major centralized exchanges, Upbit and Bithumb, listed USELESS just hours apart today, granting it a major new distribution channel from one of the world's key crypto markets. Bonk Guy further emphasized that attention should remain on whether USELESS will be listed on Hyperliquid, Robinhood, or Binance Spot next. He argued that instead of debating whether USELESS will emerge as this cycle's flagship memecoin, focus should shift to how high its price can potentially reach, as the underlying pattern is becoming increasingly clear. He also noted that investors can either accumulate USELESS now or wait until its market cap reaches several billion dollars, perceiving that stage as "safer".
Gate launches stock event contracts, with the first phase covering MU (Micron Technology), SNDK (SanDisk), SKHYNIX (SK Hynix), and Unitree Robotics
Odaily News, according to an official announcement, Gate has officially launched stock event contracts. The first phase exclusively features four popular stock underlyings: MU (Micron Technology), SNDK (SanDisk), SKHYNIX (SK Hynix), and Unitree Robotics, while simultaneously opening 5-minute and 15-minute short-cycle bullish/bearish trading markets.It is reported that Gate has become the first trading platform to support stock event contracts, further extending event contract trading coverage to both crypto assets and traditional stocks. Currently, the platform supports crypto assets such as BTC, ETH, SOL, XRP, DOGE, HYPE, and BNB, as well as stock underlyings including MU (Micron Technology), SNDK (SanDisk), SKHYNIX (SK Hynix), and Unitree Robotics. Users do not need to use leverage or pay margin, and only need to predict the price direction of the underlying within a specified time period to participate in trading. At present, users can access trading via the Gate App or official website by navigating to [Contracts] - [Event Contracts] and filtering by the [Stocks] category.
Holding $211.53 Million in Short Positions, Wintermute Halves HYPE Short Size
Odaily News According to Onchain Lens monitoring, Wintermute (0xecb...2b00) has increased its short exposure on Hyperliquid from $190.77 million to $211.53 million since the last update; its HYPE short has decreased from $11.43 million to $5.6 million. Current major short positions include: Bitcoin $70.8 million, ETH $53.83 million, SOL $17.63 million, XRP $7.41 million, DOGE $6.79 million. Current unrealized loss stands at $4.12 million, with $2.27 million in funding fees already received.
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.
Related news
Dogecoin ETFs Attract Only $12 Million in Ten Months, While XRP and Solana Combined Inflows Exceed $3 Billion
three U.S. Dogecoin ETFs have collectively attracted just over $12 million in inflows over the past 10 months, compared to XRP funds which pulled in $12.29 million in a single day on September 9. Since their debut in November 2025, XRP funds have accumulated $1.7 billion in net inflows, while Solana funds have drawn $1.36 billion since launching in October 2025—both more than 100 times the total for Dogecoin funds.Previously, Bitwise announced it would shut down its Dogecoin ETF BWOW, which held only $687,713 in assets as of September 9, with trading expected to cease on October 14. Data shows that across 199 trading days, the three Dogecoin funds recorded net inflows on only 28 days, with zero net flows on 166 days. MyDoge founder Jordan Jefferson believes that accessibility has never been the biggest bottleneck for Dogecoin; whether institutional demand can be unlocked depends on whether investors can find underwriting value beyond price appreciation. (CoinDesk)
Bitwise Announces Liquidation of Dogecoin ETF (BWOW), Distributions Completed on October 22
According to PR Newswire, Bitwise Investment Advisers announced the liquidation of its Bitwise Dogecoin ETF (NYSE: BWOW), effective immediately. Bitwise stated that the move aims to continuously optimize its product lineup to meet investor demand. The fund's final trading day on the NYSE is October 14, 2026, at which point DOGE will be converted to cash, and new share creation will cease before market open on October 15. On October 22, 2026, remaining shareholders will receive a cash distribution based on the net asset value as of October 21, with no action required from shareholders. Bitwise currently manages $9 billion in client assets and offers more than 70 investment products.
Bonk Guy: USELESS Could Become the "Meme Coin of This Cycle"
Bonk Guy posted on X platform stating that he recently re-examined the relative performance of USELESS against mainstream meme coins, and found that USELESS's price ratios against PEPE, DOGE, PENGU, WIF, FARTCOIN, BONK, SPX, and SOL are all at historic highs.Bonk Guy stated that nearly all observable indicators suggest USELESS could become the "meme coin of this cycle," with its market cap potentially reaching billions of dollars. Additionally, during this market correction, USELESS continued to attract a large number of new holders. He believes that before the fourth quarter arrives, as long as the price maintains its current range, any pullback in USELESS would be worth aggressively buying.
Bonk Guy Calls Another Token USELESS: Already Listed on Upbit and Bithumb, Watch for Its Potential Upside
Trader Bonk Guy (Unipcs) posted that he has long considered USELESS to be this cycle's equivalent to DOGE, SHIB, or PEPE, yet many continue to disregard it. He noted that South Korea's two major centralized exchanges, Upbit and Bithumb, listed USELESS just hours apart today, granting it a major new distribution channel from one of the world's key crypto markets. Bonk Guy further emphasized that attention should remain on whether USELESS will be listed on Hyperliquid, Robinhood, or Binance Spot next. He argued that instead of debating whether USELESS will emerge as this cycle's flagship memecoin, focus should shift to how high its price can potentially reach, as the underlying pattern is becoming increasingly clear. He also noted that investors can either accumulate USELESS now or wait until its market cap reaches several billion dollars, perceiving that stage as "safer".
Gate launches stock event contracts, with the first phase covering MU (Micron Technology), SNDK (SanDisk), SKHYNIX (SK Hynix), and Unitree Robotics
Odaily News, according to an official announcement, Gate has officially launched stock event contracts. The first phase exclusively features four popular stock underlyings: MU (Micron Technology), SNDK (SanDisk), SKHYNIX (SK Hynix), and Unitree Robotics, while simultaneously opening 5-minute and 15-minute short-cycle bullish/bearish trading markets.It is reported that Gate has become the first trading platform to support stock event contracts, further extending event contract trading coverage to both crypto assets and traditional stocks. Currently, the platform supports crypto assets such as BTC, ETH, SOL, XRP, DOGE, HYPE, and BNB, as well as stock underlyings including MU (Micron Technology), SNDK (SanDisk), SKHYNIX (SK Hynix), and Unitree Robotics. Users do not need to use leverage or pay margin, and only need to predict the price direction of the underlying within a specified time period to participate in trading. At present, users can access trading via the Gate App or official website by navigating to [Contracts] - [Event Contracts] and filtering by the [Stocks] category.
Bonk Guy Shills USELESS Again: Claims It Could Be a DOGE/PEPE-Level Opportunity This Cycle
Renowned trader Bonk Guy stated that he has been tracking and trading Meme coins for three consecutive cycles, and has previously publicly predicted the market trends of multiple Meme coins with multi-billion dollar market caps. He believes USELESS could become an opportunity similar to DOGE or PEPE in this market cycle.