Dogecoin Futures See $26M in Liquidations as Twitter Displays Token's Logo for Some Users
Dogecoin futures saw $26 million in liquidations in the past 24 hours, with both longs and shorts impacted almost equally. Traders on OKX were the most affected, taking on $12 million in losses on dogecoin futures positions.
Dogecoin Surges 30% as Elon Musk Announces Avatar as New Twitter Logo
Dogecoin's price surged as much as 30% on Monday, reaching an intraday high of around $0.1026, and its daily traded volume is up approximately 458% to stand at about $4.16 billion during the early Asian market on Tuesday.
Crypto Morning Briefing: DOJ Seizes $112M Tied to Cryptocurrency Schemes
KuCoin Wallet Spins Off From KuCoin Exchange, Renames As Halo Wallet; Pancakeswap Launches Version 3 of Protocol on BNB and Ethereum Blockchains; TradFi Banks Team Up to Create Digital Bonds Trading Platform on Blockchain
Dogecoin Gains 12% After Token's Symbol Replaces Blue Bird as Twitter Logo
Dogecoin (DOGE) is higher by 25% over the past 24 hours after the Shiba Inu symbol representing the token replaced the familiar blue bird atop the Twitter homepage.
Elon Musk and Legal Team Deny Pyramid Scheme Allegations in $258bn Dogecoin Lawsuit
Elon Musk and his legal team have asked a US judge to dismiss a $258 billion lawsuit filed by investors in June 2022, who claimed that he ran a pyramid scheme to promote Dogecoin. Musk's lawyers argue that the claims are unfounded and unsupported by evidence, and that his tweets backing Dogecoin were lighthearted and often goofy remarks, far from being investment guidance. The investors argue that Musk's tweets and statements fueled a massive surge in Dogecoin's price before it plummeted, causing them to suffer considerable losses. They accuse Musk of exploiting his celebrity status and influence to manipulate Dogecoin's value. Musk's attorneys described the lawsuit as a "fantastical work of fiction" and implored the judge to dismiss it.
DOGE Hits 5-Week High as Elon Musk's Lawyers Seek Dismissal of $258B Lawsuit
Elon Musk's lawyers have requested a Manhattan court to dismiss a $258 billion lawsuit filed by Dogecoin investors against the billionaire. Musk's lawyers described the lawsuit as a "fanciful work of fiction" and argued that Musk's accusers had failed to show how he intended to defraud anyone. Despite the lawsuit, Musk's support for Dogecoin remains strong, with data from Santiment indicating that addresses holding over 10M DOGE have accumulated 1.47B in coins since Jan. 1st. At press time, DOGE was trading at $0.079, up over 8% in the past 48 hours.
Elon Musk Praises Bitcoin as Robust Example of Open Sourcing
In a recent tweet by Bitcoin Magazine, Elon Musk highlighted Bitcoin as a strong example of open sourcing that contributes to its robustness.
Elon Musk Seeks Dismissal of $258 Billion Dogecoin Lawsuit, Claiming Investor Accusations are Fanciful
Investors claim that he caused Dogecoin's value to skyrocket by over 36,000% within two years, only to let it plummet afterward.
Musk Must Erase Threatening Tweet in Labor Fight, Court Says
A federal appeals court ruled Friday that the billionaire must delete his 2018 Twitter post suggesting that Tesla Inc. workers could lose stock options if they formed a union, as it violated labor law. Must tweeted:
Elon Musk Seeks to End $258 Billion Dogecoin Lawsuit
Elon Musk asked a U.S. judge on Friday to throw out a $258 billion racketeering lawsuit accusing him of running a pyramid scheme to support the cryptocurrency Dogecoin.
