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A company backed by the President is making a pivot toward the top memecoin Dogecoin after purchasing a company dedicated to mining DOGE. According to a new press release by Thumzup (TZUP) – a company backed by the Trump family – the firm will be acquiring Dogehash Technologies with the aim of becoming the largest DOGE mining firm in the world. Thumzup will purchase Dogehash in an all-stock transaction and will utilize decentralized finance (DeFi) protocols such as staking to amplify rewards for miners, as well as mining Litecoin (LTC). The transaction is expected to conclude at the end of 2025 and will see Dogehash shareholders exchange all of their holdings for 30.7 million shares of Thumzup stock, trading under a new ticker name, XDOG. As stated by Robert Steele, chief executive of Thumzup, in the press release, “This accelerates our evolution from a digital marketing platform into a diversified digital asset infrastructure and treasury company. Dogeha...

Wyoming has become the first US state to issue a stablecoin with the launch of its Frontier Stable Token (FRNT). FRNT will be backed by short-duration US Treasury bills and dollars, with a statutorily mandated 102% reserve requirement ensuring the stablecoin is overcollateralized. “This historic move marks Wyoming as the first public entity in the United States to issue a blockchain-based stable token,” the Wyoming Stable Token Commission, a body authorized by the state to issue the stablecoin, said in an Aug. 19 announcement .  Wyoming Stablecoin Has Been Deployed On Arbitrum, Ethereum, Solana And Others The stablecoin has already been deployed on seven blockchain networks. They are the layer-2 networks Arbitrum, Polygon, Optimism and Coinbase’s Base, and layer-1 blockchains Avalanche, Ethereum and Solana.  BREAKING: The Wyoming Stable Token Commission’s FRNT, the first stablecoin issued by a U.S. State, is coming to Solana 🔥🔥...

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Gold is on a rampage, surging at a new pace amid growing economic uncertainty. The asset class has been noting a rapid surge, eyeing new price horizons as external factors continue to gnaw at the core of the world economies. With global war narratives, inflation, and the Fed stance continuing to heat up, the investor sentiment towards the fiat currencies is weakening, pushing the world to rush towards gold as the next safe-haven asset. If this scenario continues to gain momentum, then there’s no way to stop gold from defeating all leading asset classes, as per a leading economic analyst. Also Read: Goldman Sachs: Dollar Forecast Warns Currency Could Turn Even Riskier Gold Could Surge Massively in 5 to 10 Years Source: mmtcpamp.com According to Thornsten Polleit, honorary professor of economics at the University of Bayreuth and publisher of the BOOM & BUST REPORT, gold and silver are on the brink of a massive breakout spree. Both assets have been showing an incredible price run, es...

The Trump family’s World Liberty Financial (WLFI) and Bitmine Immersion Technologies, the Ethereum treasury firm led by Fundstrat’s Tom Lee, seized the chance to buy the Ethereum dip amid the altcoin’s latest price plunge. As of 1:06 a.m. EST, the largest altcoin by market cap trades at $4,449.71, down more than 3% in the past 24 hours.  Ethereum price chart (Source: CoinMarketCap) Despite the recent pullback, ETH is still up over 6% in the past week, when it came to within  4% of its all-time high (ATH) of $4,891.70 that it set on Nov. 16, 2021.  World Liberty Financial Buys The Ethereum Dip According to on-chain data from Arkham Intelligence that was cited by Lookonchain in an X post earlier today, the Trump family’s WLFI project spent 8.6 million USD Coin (USDC) to purchase 1,911 ETH tokens.  Trump's World Liberty(@worldlibertyfi) spent another 10M $USDC to buy 84.5 $WBTC at $118,343, and spent 8.6M $USDC to buy 1,911 $ETH at $...

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WLFI, the native token of President Trump’s World Liberty Financial, has skyrocketed from its sale price during premarket trading. Data from Whales Market, an OTC (over the counter) decentralized exchange (DEX) that allows for the trading of tokens before their TGE (token generation event), shows that WLFI traded as high as $0.37 on Wednesday, which is 25 times higher than its original presale price. Premarket trading on WLFI has brought in $274.7 million in total volume on Whales Market, and blockchain tracking firm Lookonchain reported that several whales are placing multimillion-dollar positions on the yet-to-be-launched altcoin. WLFI is set to launch in phases beginning on August 26. World Liberty Financial recently announced it’s teaming up with tech firm ALT5 Sigma to launch a $1.5 billion WLFI treasury. ALT5 Sigma Corp. (ALTS) announced Tuesday a $1.5 billion capital raise through a registered direct offering and a concurrent private placement...

Western Union’s stablecoin launch plans have been officially confirmed right now, as the remittance giant is actually exploring digital currency solutions to accelerate cross-border stablecoin remittances. CEO Devin McGranahan revealed the company’s strategic move toward stablecoin wallet integration, and this is targeting non-U.S. markets where regulatory frameworks permit such innovations at the time of writing. Western Union Stablecoin Launch Speeds Cross-Border Remittances, Wallet Access Source: TipRanks CEO Confirms Stablecoin Development Plans Western Union CEO Devin McGranahan – Source: WesternUnion McGranahan described the Western Union stablecoin launch initiative, and he had this to say about the project: “Almost like a savings account in U.S. dollars for customers in countries facing currency volatility.” This stablecoin pilot emerging markets strategy actually addresses currency instability issues that are affecting millions of users worldwide r...