Cannabis company is dumping DOG tokens for real DOGE, while major players quietly stack SOL with nine-figure funding rounds. So what’s really driving these moves? Here’s today’s breakdown:
- Cannabis giant Dogecoin Cash Inc. dumps 2 billion DOG tokens to build an actual DOGE treasury and launches the mysterious “Dogecoin Protocol.” Are there more public companies building DOGE treasuries we don’t know about?
- DeFi Development Corp just secured $112.5 million in convertible notes to expand their 621,313 SOL position worth $107 million. How much more SOL can they actually buy with this new funding?
- Bitcoin ETFs end 15-day inflow streak with $342 million outflows as BlackRock’s IBIT hits zero after $3.8 billion run. Does this signal a trend reversal or just temporary profit-taking?
- Standard Chartered predicts Bitcoin will hit $135,000 by Q3 and $200,000 by year-end, dismissing traditional halving patterns. What is actually behind this bold price call?
- Ripple applies for national banking charter with OCC to put RLUSD under federal oversight alongside Circle’s similar filing. What makes Ripple’s banking application different from Circle’s?
Let’s dive in after the market overview!
Cannabis Company Abandons Fake DOGE
A publicly traded cannabis company Dogecoin Cash Inc. is launching a subsidiary called Dogecoin Treasury and switching from their BNB Chain derivative to actual DOGE. They previously stockpiled over 2 billion DOG tokens worth about $6 million. Now they’re building something called the “Dogecoin Protocol” but won’t explain what it actually does. Are there more public companies building DOGE treasuries we don’t know about? Read the full story!
Betting Millions on Solana
DeFi Development Corp raised $112.5 million through convertible notes to buy more SOL tokens. They’re using a “prepaid forward” structure that lets investors hedge their positions. They already hold 621,313 SOL worth $107 million. How much more SOL can they actually buy with this new funding? Read the full story!
Bitcoin ETF Inflows Stop After Record Run
Bitcoin ETFs just ended their 15-day inflow streak with $342.2 million in outflows. BlackRock’s IBIT went to zero flows after pulling in $3.8 billion during the run. Fidelity led outflows with $172.7 million, followed by Grayscale’s $119.5 million. Total Bitcoin ETF inflows since launch hit $48.9 billion. Ethereum ETFs saw $40.7 million inflows the same day, with BlackRock’s ETHA taking $54.8 million. Does this signal a trend reversal or just temporary profit-taking? Read the full story!
Standard Chartered Calls Bitcoin Price Target
Standard Chartered expects Bitcoin to reach $135,000 by Q3 and $200,000 by year-end. The bank says traditional halving cycle patterns won’t apply this time. The bank calculated 245,000 BTC in institutional purchases during Q2. They expect Q3 and Q4 to exceed that level. Their 2028 target remains $500,000 per Bitcoin. What is actually behind this bold price call? Read the full story!
Ripple Files for Banking License
Ripple applied for a national banking charter with the Office of the Comptroller of the Currency. The license would put RLUSD under OCC oversight and enable additional crypto services. Circle filed a similar application on Monday. Multiple crypto companies are pursuing federal banking licenses under the Trump administration. The OCC now allows national banks to buy and sell crypto for customers. What makes Ripple’s banking application different from Circle’s? Read the full story!
BNB Chain News: Muted Recovery as Maxwell Upgrade Activates
The BNB Chain ecosystem saw muted growth this week, gaining 1.4% to reach a $166.7 billion market capitalization (mcap).
