Dogecoin price has been showing major strength recently with more than 14% gains on the weekly chart and eyeing a potential breakout above $0.21, after which it can kickstart rally to $2 for another 10x gains. Furthermore, Elon Musk has once again teased DOGE, sharing a Ghibli Anime character of his from a famour scene from “The Lion King”.
Dogecoin Price Eyes A 10x Breakout Ahead
In the last 24 hours, the Dogecoin price has surged another 4%, moving to $0.205 with its market cap just touching $30 billion. Additionally, the daily trading volumes have surged more than 32%, crossing $2 billion showing a strong bullish sentiment aong traders.
Additionally, the Coinglass data shows that the DOGE futures open interest is also up 4%, moving above $2 billion, while the 24-hour liquidations have soared to $13.82 million. Popular crypto analyst CryptoELITES has cited the formation of a cup-and-handle chart pattern, wherein the DOGE price is on the move to complete the cup pattern. As a result, he expects the meme coin to register 10x gains from here onwards.
Source: CryptoELITES
Some traders also expect the DOGE price rally to continue to $8 as the meme coin breaks past the three-month trendline.
DOGE SuperTrend Indicator
Crypto analyst Ali Martinez has highlighted a potential bullish phase for Dogecoin (DOGE) based on the SuperTrend indicator. According to Martinez, the popular meme coin could enter a significant upward trend if it manages to break through the critical resistance level of $0.21.
The SuperTrend indicator usually helps to identify trend reversals and potential breakout points. Thus, surpassing this key threshold of $0.21 Dogecoin price could signal renewed investor momentum for the meme coin.
Source: Ali Martinez
Elon Musk Teases the DOGE Ghibli Anime
In a parody of the famous scene from Disney’s “The Lion King,” Elon Musk once again teases Dogecoin with the much popular Ghibli Anime character. Instead of a lion cub, the character is holding up a Shiba Inu dog – the mascot of the Dogecoin cryptocurrency.
The animated image is reminiscent of Studio Ghibli. The Ghibli Animes are seeing massive popularity recently, and Elon Musk jumping into the trend with DOGE, could provide further catalysts for the meme coin. Furthermore, the Dogecoin price prediction charts show a probable consolidation above $0.20 for the month of April.
Despite growing interest in cryptocurrencies, a fundamental disconnect exists between digital assets and everyday shopping. Millions of people hold crypto in different wallet types, yet few can use these assets at local stores.
Merchants hesitate to accept crypto due to price volatility, technical barriers, and high integration costs. As SpacePay approaches $1 million in presale funding with tokens at $0.003126, its focus on solving this practical gap stands out.
The Missing Connection in Crypto Commerce
A major disconnect exists between crypto ownership and actual spending options. While people hold billions in digital assets across hundreds of wallet types, few merchants accept these currencies for everyday purchases. This gap prevents crypto from fulfilling its original purpose as a payment system for regular transactions.
Merchants hesitate for several practical reasons. Traditional crypto payments expose businesses to price volatility – a $100 sale might be worth $90 by settlement time.
Most systems require special equipment or software that costs thousands to implement. The technical complexity often confuses both staff and customers, creating checkout delays and errors.
Previous crypto payment solutions typically charge 1-2% fees plus network costs, making them more expensive than traditional card processing for many transactions. Settlement times of hours or even days create cash flow problems for businesses that need immediate access to their earnings.
These barriers create a market opportunity that SpacePay addresses by connecting existing payment terminals directly to crypto wallets.
325+ Wallets, One Simple Payment System
SpacePay solves wallet fragmentation through a universal QR code system. Instead of requiring merchants to support hundreds of different crypto payment methods, the platform generates a single QR code that works with any of the 325+ supported wallets.
This universal approach means stores don’t need to choose which cryptocurrencies to accept or which wallet systems to support.
The technical process stays invisible to both merchants and customers. When a store enters a payment amount on their terminal, SpacePay’s system creates a QR code containing all necessary transaction details. This code works as a universal translator between different wallet protocols, handling the complex mapping of payment information across various crypto standards.
Behind the scenes, the system verifies payments through smart contracts that check wallet balances and transaction validity. This verification happens within seconds, confirming the payment to the merchant’s terminal just as quickly as a card transaction.
By eliminating the need for special equipment, SpacePay removes a major adoption barrier. Stores use their existing Android-based payment terminals through a simple software update, requiring zero new hardware purchases.
Merchant Benefits Beyond Lower Fees
While the 0.5% fee creates obvious savings compared to 3% card rates, merchants gain several advantages beyond cost reduction. Instant access to funds changes how businesses operate daily.
A store making morning sales can use that money immediately for afternoon inventory purchases. This quick access helps businesses respond to opportunities faster – from supplier discounts to unexpected stock needs.
Price protection removes the volatility risk that previously kept merchants from accepting crypto. When a store sells an item for $100, they receive exactly $100 in their local currency regardless of crypto market movements.
This guarantee lets businesses set consistent prices without worrying about exchange rate changes affecting their income.
Accepting crypto payments opens stores to new customer segments. Crypto holders often seek businesses where they can spend their digital assets, creating new sales opportunities. For international businesses, the system allows tourists and cross-border shoppers to pay without currency conversion fees or foreign transaction charges.
The multi-wallet compatibility means merchants don’t need to choose which cryptocurrencies to support. By accepting payments from 325+ different wallets, stores accommodate the widest possible range of crypto users.
From Concept to $1M Presale Success
SpacePay built its presale success on completed achievements rather than just future plans. The platform secured $750,000 in private investment, which funded development of the core payment system. This early backing from professional investors provided the foundation for building working technology before seeking wider market support.
Key milestones show actual progress beyond concepts. Smart Contract Audits verify that the payment system processes transactions securely while protecting user funds.
The “New Payment Platform of the Year” award at the CorporateLiveWire Global Awards 2022/23 provides external validation from industry experts. These concrete achievements help explain why presale funding approaches $1 million with tokens at $0.003126.
The expansion strategy focuses on creating adoption clusters in business districts. When several stores in a shopping area use SpacePay, they create natural awareness among both customers and neighboring businesses. This organic growth happens through visible results rather than marketing efforts.
New supporters can join the presale at the current token price using USDT, AVAX, BASE, MATIC, ETH, BNB, or bank cards. The platform accepts various payment methods through a clear process on the official website. Community channels on Telegram and X share regular updates about development progress.
The post How SpacePay Raised Close To $1 Million in Presale Connecting Crypto to Everyday Commerce appeared first on Coinpedia Fintech News
Despite growing interest in cryptocurrencies, a fundamental disconnect exists between digital assets and everyday shopping. Millions of people hold crypto in different wallet types, yet few can use these assets at local stores. Merchants hesitate to accept crypto due to price volatility, technical barriers, and high integration costs. As SpacePay approaches $1 million in presale …
Democratic Senator Kirsten Gillibrand has played a significant role in the GENIUS Act, a bipartisan bill that, if passed, will regulate the use of stablecoins in the United States. But, as a lead co-sponsor of the bill, Gillibrand’s involvement in its passage comes with its share of controversy.
In an investigation into campaign financing during the 2024 federal election cycle, BeInCrypto found that the combined donations from individuals associated with prominent crypto firms—including Coinbase, Ripple, Uniswap Labs, Andreessen Horowitz, and dYdX Trading—exceeded $200,000 for the New York Senator’s campaign.
The GENIUS Act: A Step Closer to Federal Stablecoin Regulation
On Monday night, the Senate advanced the GENIUS Act concerning stablecoins by approving a procedural vote. This vote was for cloture, which limits debate and prevents a filibuster.
The road to getting there was difficult. During a previous Senatorial reunion on May 8, the same vote failed to advance to the final round of discussions. Nine Democratic senators – including Gillibrand – retracted their initial support of the bill during that round of debate.
Opposition to the bill stemmed from several concerns. These included inadequate consumer protections, potential risks to national security, and apprehension regarding how the legislation might be affected by or even exacerbate issues related to President Donald Trump’s involvement in different crypto ventures.
During this latest round, some of those Senators, like Delaware Senator Blunt Rochester, decided to greenlight the bill, while others, like New Jersey Senator Andy Kim, remained unconvinced.
What’s certain is that the US is closer than ever to national crypto legislation on stablecoins. Senator Gillibrand’s efforts significantly influenced the road to get here. Her negotiating skills have been instrumental in securing sufficient Democratic support for the bill at every step.
However, her connections to the crypto industry raise questions about her motivations for advocating its passage.
Which Crypto Firms Contributed to Gillibrand’s Campaign?
Gillibrand has been a Senator for her home state of New York since 2009. Last year, she was re-elected to office for a fourth term.
According to OpenSecrets, a non-profit organization that tracks and publishes campaign finance and lobbying data, Gillibrand received tens of thousands of dollars from individuals representing different crypto entities during the last election cycle.
The sum of contributions from donors associated with Coinbase toward Gillibrand’s 2024 election campaign. Source: OpenSecrets.
Under US federal law, corporations generally cannot donate directly to congressional campaigns. This prohibition applies to contributions from a corporation’s treasury funds.
Nonetheless, OpenSecrets monitors contributions from individuals, who are typically required to disclose their employer when donating.
Considering this information, in 2024, contributors associated with Coinbase were the tenth-largest corporate donors to Off the Sidelines, Senator Gillibrand’s leadership PAC. Together, they donated $59,900 to her re-election campaign.
Following its lead, venture capital firm Andressen Horowitz donated $57,000 to Gillibrand’s efforts. In 16th place was Uniswap Labs, where individuals contributed $48,900.
Ripple donors came in 40th place, contributing a total of $32,000. Further down the list was dYdX Trading, donating $19,200.
Gillibrand received $217,000 in total from these different crypto entities. Searching through the Federal Election Commission (FEC) database, BeinCrypto revealed the identities of some of these independent contributors.
Key Individual Donors to Gillibrand’s Leadership PAC
According to data compiled by the FEC, Gillibrand’s leadership PAC received $366,043.12 worth of individual contributions between 2023 and 2024.
Combining these contributions, BeInCrypto found 10 individual donations from prominent figures who listed Coinbase, Ripple, and Uniswap Labs as their employers.
Individual contributors from Coinbase, Ripple, and Uniswap who donated to Off the Sidelines. Source: FEC.
Under the Federal Election Campaign Act, individuals are generally limited to donating $5,000 per calendar year to a traditional Political Action Committee (PAC). This limit applies per election cycle, meaning separate donations can be made for primary and general elections.
Among Coinbase-associated names were CEO Brian Armstrong and Chief Operating Officer Emilie Choi, who donated a total of $8,300 to Gillibrand’s leadership PAC during last year’s primary elections.
In the case of Uniswap, CEO Hayden Adams and Chief Legal Officer Katherine Minarik each donated $3,300. Marvin Ammori, also a Chief Legal Officer, donated a sum of $7,300 on three separate occasions.
BeinCrypto found no individual contributions from dYdX or Andressen Horowitz employees to Gillibrand’s leadership PAC.
Is Crypto Funding Influencing Congressional Impartiality?
Campaign financing from prominent names in the crypto industry, whether from political action committees or individual contributors, became a household activity during last year’s elections.
According to a report by Public Citizen, Behemoths like Coinbase and Ripple Labs each contributed $50 million to Fairshake, the crypto super PAC that spent $119 million during the 2024 federal elections.
In fact, OpenSecrets labeled Fairshake as one of the few Super PACs that qualify as bipartisan committees. Crypto contributions toward Republican and Democratic candidates alike demonstrate the industry’s broad range of investments to achieve a brighter regulatory future for crypto in Washington.
But they also raise questions over the impartiality of congressional representatives like Senator Gillibrand when it comes to voting on legislation that will directly impact the businesses of the very actors who contributed to their political campaigns.
Donald Trump’s long-awaited White House Crypto Summit disappointed the crypto space. Its promises were underwhelming, and the community was undervalued. Bitcoin’s price fell slightly instead of an anticipated jump.
Several Trump-aligned crypto executives praised the President’s attempts to curtail federal regulators and suggested the industry was “doomed” without his intervention. Still, this frustration hasn’t boiled over into an all-out schism yet.
“Welcome to the first ever White House Digital Assets Summit. I know that many of you have been fighting for years for this, and it’s an honor to be here with you. Last year, I promised to make America the Bitcoin capital of the world… and we’re taking historic action to deliver on that promise,” Trump claimed.
However, the most bullish expectations of Trump and the Crypto Summit quickly fell. He addressed his Crypto Reserve plans in brief detail, offhandedly suggested that he could help FIFA launch a token, and postponed his timetable for friendly regulations to become law.
Mostly, crypto executives praised him as a savior of the industry, sparking backlash:
“That Summit was the most embarrassing thing I’ve ever witnessed. This is really what we’ve come to? Is everyone just worshipping Trump? Meanwhile, he has no idea what he’s reading off of, he’s just riffing on what David Sacks wrote him. We used to be cypherpunks, we used to be anti-government, now we [just] want the price to go up,” popular NFT trader Clemente claimed.
Excessive Deference Causes Pushback
Specifically, the televised Crypto Summit only lasted a little over 20 minutes, most of which did not involve Trump himself speaking.
Several close allies, such as Coinbase CEO Brian Armstrong, excessively praised the President’s attempts to curtail the SEC and other regulators. They suggested that Trump saved the industry from excessive enforcement under Gary Gensler.
This deferential attitude towards Trump, the Summit’s short duration, and lack of substantial promises created an overall negative impression.
By suggesting that the industry was “doomed” without Trump’s help, these executives ignore the community’s strength, resilience, and innovative spirit. Is it any wonder Bitcoin’s price fell afterward?
Participants at Trump’s Crypto Summit lauded his attempts to totally defang financial regulators, which is already sparking unprecedented turmoil within the federal government.
“The Crypto Summit is a disgrace. It’s a national embarrassment. The crypto faction that has captured the White House is precisely what our Founding Fathers warned us about. It will be a blight on whatever legacy Trump leaves and marks a low point for the presidency and the USA,” wrote Peter Schiff, financial commentator and crypto critic.
Ultimately, it doesn’t look like this Crypto Summit will precipitate a real break between Trump and the community overnight. People are dissatisfied, true, but some may yet benefit.
For example, Armstrong already announced that Coinbase will hire 1,000 more employees. It may take real economic losses for this ambient frustration to boil over.
However, overall, the summit remained largely underwhelming. It did not offer any significant positive development signal for the industry outside of the US market.
