News linked to both this project and an event.
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.
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.
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)