Dogecoin has taken a significant step toward institutional adoption with the creation of a $175 million treasury fund through a private placement of pre-funded warrants. The fund, backed by over 80 investors including Pantera, GSR, and FalconX, aims to purchase Dogecoin and develop institutional-grade products around the token. CleanCore Solutions, which will host the treasury, saw its stock price plummet 60% following the announcement, reflecting investor concerns about dilution and execution risks. Notable appointments include Alex Spiro (Elon Musk’s attorney) as Chairman and 21Shares as governance advisor. The move represents an effort to transition Dogecoin from meme status to a viable corporate reserve asset for payments and tokenization, though key operational details remain undisclosed.
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0 posts last weekKoni Stack Launches Football Rivals Mini App to Enhance Blockchain Gaming Experience
Koni Stack has launched ‘Football Rivals’ on Telegram, enhancing user engagement with NFL Rivals player digital assets through a mini-app that promotes interoperability across platforms. This initiative aims to onboard millions to the Mythos and Polkadot ecosystems, allowing players to compete in challenges and earn MYTH rewards. The collaboration showcases the potential of Web3 technology in creating accessible gaming experiences.
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