Thailand Unlocks Crypto Payments for Tourists Without Impacting Local Currency

Dogecoin price is poised for a potential breakout after forming a rare diamond bottom pattern on the daily chart. According to technical analyst Trader Tardigrade, the DOGE price structure shows a bullish reversal setup that could send the DOGE price over 105% higher to $0.35.

This bullish forecast comes despite Dogecoin price falling 1.5% in the last day and 3% in the last week. However, in the last 30 days, bulls have had the upper hand with DOGE price soaring 15%.

Dogecoin Price Diamond Bottom Pattern Hints at Rally

Trader Tardigrade has identified a diamond bottom pattern on the daily DOGE/USD chart. This pattern typically signals a bullish reversal when it forms after a sustained downtrend. According to the chart, the breakout level is around $0.165–$0.17.

This projection places the DOGE price target between $0.255 and $0.35. The chart also shows a dotted green arrow pointing toward the $0.35 level, suggesting a more optimistic scenario for a breakout extension.

Ali Charts, another crypto analyst, noted that Dogecoin price is testing support at $0.167. He stated, “Holding this level could spark a rebound toward $0.175 and potentially $0.183.” Both analysts agree that maintaining the $0.165–$0.167 zone is critical for bullish momentum to continue.

The Price Momentum Oscillator (PMO) also confirms a bullish crossover, which may support further gains if buying volume increases. These indicators support the case for a possible rally if current support holds.

DOGE ETF Approval May Accelerate Dogecoin Price

DOGE ETF speculation is rising in the market as several asset managers have applied for approval. These include Bitwise, 21Shares, Grayscale, and REX Shares. They are awaiting clearance from the U.S. Securities and Exchange Commission (SEC) to launch Dogecoin ETFs. According to Polymarket, DOGE ETF approval odds have risen by 25%, with analysts giving a 63% chance that it may be approved by the end of 2025.

According to a CoinGape report, if Dogecoin receives 30% to 50% of Bitcoin ETF inflows, the price could rise to between $0.34 and $0.50. This scenario is based on an estimated $12 to $20 billion entering DOGE markets. The forecast also projects that DOGE’s total market capitalization could more than double under this model.

ETF approval, in the same vein, would likely pull more institutional investors to its side hence increasing the demand even further. This potential flow of capital corresponds to the $0.35 level depicted in the technical indication. According to analysts, the approval news can be considered as a potential trigger for the price rally and take DOGE past the $0.255 barrier.

Holding Behavior Shows Investor Confidence

New data from IntoTheBlock suggests that investor sentiment for Dogecoin is improving. The average holding time of transacted DOGE coins has increased by over 526% in the last 90 days. This behavior is similar to the trend seen before Dogecoin’s 2021 bull run.

In just the past seven days, holding time has risen by four months. This shift from short-term speculation to long-term holding reduces sell pressure. It also suggests that investors expect the DOGE price to rise soon. If this trend continues, it could support a more stable base for further growth.

Long-term holders now dominate the transaction volume, which often happens before strong upward price moves. Reduced market supply, combined with growing demand, is a positive signal.

The post Expert Predicts Dogecoin Price to Rally 105% As DOGE ETF Odds Rise By 25% appeared first on CoinGape.

The post U.S. House Overturns IRS DeFi Rule: Trump’s First Crypto Law Ahead? appeared first on Coinpedia Fintech News

U.S. lawmakers voted to cancel an IRS rule that required crypto companies, including DeFi platforms, to collect and report taxpayer and transaction information. The House passed the vote 292-132, following the Senate’s decision to reject the rule that was finalized during the final days of former President Biden’s administration. This could change how crypto businesses are regulated.

Fox Business Journalist Eleanor Terrett noted that due to a rule that budget-related bills must start in the House, the Senate will need to vote on the resolution one more time. Once that vote passes, it will go to President Trump’s desk as the first crypto-related bill to become law.

Missouri Republican Jason Smith urged lawmakers to support the resolution, saying the IRS rule could hurt U.S. businesses and stifle innovation. He added that the rule might be impossible to enforce, as DeFi platforms are different from centralized crypto exchanges or banks and cannot gather the required user information to comply with the rule. 

Last week, 70 Senators voted to overturn the IRS rule, with Trump’s advisers urging him to sign it. Rep. Jason Smith (R-Mo.) noted the Senate must approve it again due to budget rules. If signed, the IRS would be blocked from enforcing similar rules in the future.

Illinois Democrat Danny Davis argued the rule was part of the 2021 Infrastructure Act, comparing crypto to stocks and saying crypto platforms should report like stock brokers. Meanwhile, North Carolina Republican Tim Moore claimed the rule overstepped and could harm U.S. innovation in digital assets.

Texas Democrat Lloyd Doggett called the resolution “special interest legislation,” saying that it could help tax cheats, criminals, and terrorist financiers, and add $4 billion to the national debt, going against President Trump’s goal to cut the debt.

The post U.S. House Overturns IRS DeFi Rule: Trump’s First Crypto Law Ahead? appeared first on Coinpedia Fintech News
U.S. lawmakers voted to cancel an IRS rule that required crypto companies, including DeFi platforms, to collect and report taxpayer and transaction information. The House passed the vote 292-132, following the Senate’s decision to reject the rule that was finalized during the final days of former President Biden’s administration. This could change how crypto businesses …

The United Kingdom has announced major crypto news by taking the next step toward establishing a formal regulatory framework for cryptocurrencies. The UK has published draft legislation that outlines a “comprehensive regulatory regime for crypto assets.”

During a fintech event on Tuesday, UK Finance Minister Rachel Reeves announced the regulatory initiative alongside plans to deepen collaboration with the United States. This is with a vision to promote “responsible” adoption of digital assets globally.

UK announces collaboration with the US

UK Finance Minister Rachel Reeves emphasized international cooperation as a cornerstone of the country’s cryptocurrency strategy. She told CNBC that “For the UK to be a world leader in digital assets, international cooperation is vital.” During her address at Innovate Finance’s annual summit, Reeves shared plans to deepen regulatory cooperation specifically with the United States to boost “responsible” adoption of digital assets.

This prominent crypto news comes shortly after Reeves met with US Treasury Secretary Scott Bessent last week to discuss a potential trade deal. This shows that crypto regulation is becoming an increasingly important component of international economic relations. The timing of this collaboration is notable, as Reeves had previously stated that improving business ties with the European Union was “arguably even more important” than US relations.

UK plans to crack down on bad crypto factors

The Treasury Department’s statement following Reeves’ remarks emphasized that the new regulatory approach would bring crypto exchanges, dealers, and agents into the regulatory fold, “cracking down on bad actors while supporting legitimate innovation.” This balanced approach aims to protect consumers while still helping growth in the sector.

“Crypto firms with UK customers will also have to meet clear standards on transparency, consumer protection, and operational resilience — just like firms in traditional finance,” the Treasury statement added. This shows that cryptocurrency businesses will be held to similar standards as traditional financial institutions.

Reeves summed up the government’s philosophy with the statement that “Regulation must support business, not hold it back. The FCA, which serves as the UK’s financial services watchdog, has been criticized by cryptocurrency industry participants for being too restrictive when approving registrations from digital asset firms.

At present, the FCA oversees businesses that want to provide crypto services under UK money laundering laws. The new proposed law seems to aim to solve these issues while still having proper regulation. Coinbase had also recently made a major move in the UK with a new partnership.

This is important crypto news because it might create a more friendly regulatory environment for cryptocurrency businesses already in or wanting to come into the UK market. Check out some of the top crypto exchanges in the UK.

The post Crypto News: UK & US Collaborate to Push Global Cryptocurrency Adoption appeared first on CoinGape.