Dogecoin (DOGE), the original meme cryptocurrency, is currently the best performing digital asset in the top 20 cryptocurrencies list. DOGE is currently trading at $0.088, up over 6% in the last 24 hours, according to CoinGecko.

Dogecoin snapped a two-day losing streak on Thursday, as sentiment in crypto markets remained bullish. The meme coin moved to a one-week high, moving away from a key price floor in the process. Solana rose for a fifth straight session.

Dogecoin has risen 5.89% following Twitter's deal with eToro to offer crypto trading. Twitter CEO Elon Musk has often touted dogecoin as one of his favorite cryptocurrencies, dedicating a segment to it on an appearance on Saturday Night Live in 2021. Twitter also briefly changed its logo to the dogecoin logo last week to spur a rally that gained as much as 37% for some traders. The popular meme coin had previously slumped by 22.64% as the hype surrounding Twitter's logo change subsided. It is currently trading at $0.0877.

Elon Musk, the founder of SpaceX and CEO of Twitter, has offered a 1 million Dogecoin (DOGE) reward to anyone who can provide evidence to the widely circulated claims that he owns an Emerald mine. The recent disclosure is part of Musk's efforts to demonstrate his advocacy for DOGE every chance he gets. Musk revealed this bounty in a recent tweet and aimed to demonstrate his unwavering advocacy for Dogecoin while expressing his confidence that he does not own the mine. The recent bounty demonstrates Musk's readiness to express his Dogecoin advocacy when the opportunity presents itself.

Binance CEO Changpeng Zhao has said that regulation, rather than lack of clarity, is a better option for the crypto industry. However, he added that regulation by enforcement is bad.

Twitter may be added as a defendant in a class action lawsuit alleging that dogecoin is a Ponzi scheme being manipulated by Elon Musk, according to a lawyer in the case. Although Musk had been named personally as a defendant, Twitter itself has not yet been sued, but Musk's recent antics, including changing Twitter's logo to that of a shiba inu dog, could drag the social media platform into the case. The case was brought by investors who lost money when the price of dogecoin collapsed between 2019 and 2021, after Musk appeared to stop supporting the memecoin.

Ren Protocol has transferred all its assets and shares to cold wallets controlled by FTX Trading, according to a tweet by the protocol. FTX had directed the protocol to transfer all assets to debtor wallets for safeguarding in advance of possible shutdowns of infrastructure and systems. The assets will be held on separate, segregated cryptocurrency wallets different from those used for other debtors. Ren allowed users to transfer tokens such as bitcoin, ether, and dogecoin among different blockchains and became one of the most popular decentralized finance protocols in the 2021 bull run. The protocol was acquired by Alameda Research in February 2022, and in November, Ren Protocol said it was impacted by FTX Group's Chapter 11 proceedings and had no funding to last beyond 2022 for the previous version of its service. Ren's REN token fell as much as 11% in the past 24 hours after the developers tweeted the move.