Dogecoin surges after Trump-linked mining deal, Wyoming stablecoin and Fed signals

DOGE surges 5% amid Trump-affiliated Dogecoin mining deal and Fed comments

Dogecoin (DOGE) experienced a significant price increase following a series of impactful developments in the crypto sector. According to CoinDesk, a $50 million acquisition of a Trump-affiliated DOGE mining company, the launch of a state-backed stablecoin in Wyoming, and dovish signals from Federal Reserve officials collectively spurred new institutional capital inflows.

Thumzup, an entity linked to former President Trump, acquired Dogehash for $50 million, establishing what executives claim is the largest DOGE mining operation. This move is seen as a strong vote of confidence from deep-pocketed investors in Dogecoin’s infrastructure. Simultaneously, Wyoming introduced the Frontier Stable Token, the first state-backed stablecoin, highlighting a regulatory shift in the U.S. towards digital assets.

Federal Reserve Vice Chair Michelle Bowman warned banks about competitive risks from delays in adopting digital assets and hinted at a more crypto-friendly stance in the future. Additionally, SoFi Technologies integrated Bitcoin’s Lightning Network, targeting the $740 billion remittance market, further signaling traditional finance’s growing interest in crypto infrastructure.

DOGE traded between $0.21 and $0.22, with a 5% surge during the evening session of August 20, establishing $0.22 as a short-term resistance. A 60-minute window at the end of the session saw DOGE rise by 1% with volume spikes over 61.8 million, confirming institutional activity. Support consistently held in the $0.21–$0.22 zone, with rebounds at volumes of 320–380 million at key test points.

• Support: $0.21–$0.22 established as a reliable floor.
• Resistance: $0.22 breached; bulls need continuation towards $0.225 for breakout confirmation.
• Volume: Institutional buying confirmed by spikes up to 378.6 million.
• Futures Open Interest: Stable at ~$3 billion, indicating sustained leveraged interest.

Traders are watching whether DOGE can hold above the $0.22 pivot and push towards $0.225–$0.23 resistance, the market’s reaction to Fed policy changes and Wyoming’s stablecoin launch, whale accumulation patterns (2 billion DOGE, $500 million this week), and the impact of Thumzup’s acquisition on DOGE’s hashpower distribution.

“Thumzup, a Trump-affiliated entity, acquired Dogehash for $50 million, creating the largest DOGE mining operation, signaling deep investor confidence in Dogecoin infrastructure.” — CoinDesk

• DOGE price surged 5% after a $50 million Trump-linked mining deal and regulatory shifts.
• Wyoming launched the first state-backed stablecoin, and the Fed signaled a softer stance on digital assets.
• Institutional activity is confirmed by high trading volumes and stable futures open interest.

Source: CoinDesk

Hyper Bit signs definitive agreement to acquire Dogecoin Mining Technologies Corp.

Ariva reports that Hyper Bit has announced the signing of a definitive agreement to acquire Dogecoin Mining Technologies Corp. This acquisition is described as a major development that opens up entirely new growth opportunities in the crypto sector.

While the article does not provide specific financial details or operational metrics, it emphasizes the strategic significance of the deal for Hyper Bit and its potential to reshape the company’s position within the rapidly evolving cryptocurrency mining industry.

• Hyper Bit’s acquisition of Dogecoin Mining Technologies Corp. is expected to unlock new growth avenues in crypto mining.
• The move is positioned as a transformative step for both companies involved.

Source: Ariva

IOTA Miner launches regulated cloud mining for XRP, BTC & DOGE in Germany

According to Krypto Magazin, IOTA Miner has introduced a new cloud mining program for XRP, BTC, and DOGE, operated by Bitmain and regulated in Germany. The initiative aims to provide investors with a stable and transparent passive income model, requiring no technical expertise or hardware investment. Users simply deposit funds into a contract, which is automatically allocated to mining liquidity pools for BTC, DOGE, and ETH. Daily settlements are handled via smart contracts, designed to buffer price fluctuations and generate stable returns.

The platform distinguishes itself with a zero-entry, low-risk model. Users can rent computing power for mining Bitcoin, Ethereum, XRP, DOGE, and LTC, with daily automatic profit distribution. Security is enhanced by McAfee® and Cloudflare® protections. The platform claims over 9 million users worldwide and emphasizes regulatory compliance and transparency.

• Easy entry without hardware
• Multiple contracts for BTC, ETH, XRP, DOGE, SOL
• Daily automatic profit payouts
• Double protection by McAfee® and Cloudflare®
• Eco-friendly through renewable energy use
• New customer bonus of $15 and referral rewards

A referral bonus of 3.5% ($16.80) plus a limited-time $20 bonus is offered for inviting friends. The platform positions itself as a risk-free, efficient, and environmentally friendly solution for passive crypto income.

“IOTA Miner enables cloud mining for various cryptocurrencies with daily profits, high security, and flexible bonuses. Over 9 million users worldwide trust the platform.” — Krypto Magazin

• IOTA Miner offers regulated cloud mining for XRP, BTC, and DOGE with daily payouts and robust security.
• Over 9 million users globally; platform highlights regulatory compliance and eco-friendly operations.

Source: Krypto Magazin

Sources:

• DOGE steigt um 5 % im Zuge eines mit Trump verbundenen Dogecoin-Mining-Deals und Fed-Kommentaren
• Hyper Bit gibt die Unterzeichnung eines endgültigen Vertrags zur Übernahme von Dogecoin Mining Technologies Corp. bekannt
• IOTA Miner startet reguliertes Cloud-Mining für XRP, BTC & DOGE in Deutschland