CoinDesk Podcast Network

COINDESK DAILY: Will DOGE Hit $1 in 2025?

Jan 7, 2025

The latest buzz in the crypto world includes Gemini's $5 million settlement with the CFTC over misleading Bitcoin futures. Meanwhile, the appetite for Dogecoin is soaring, with larger investors pushing for a potential price of $1 by 2025. The discussion also highlights Mara Holdings, which is leveraging its Bitcoin assets by lending out a significant amount. Exciting times lie ahead for both Dogecoin enthusiasts and those closely monitoring the regulatory landscape!

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Quick takeaways

Gemini's $5 million settlement with the CFTC highlights ongoing regulatory challenges faced by cryptocurrency exchanges in the industry.

Increased interest from large 'whale' investors in Dogecoin, along with record high futures market activity, suggests potential growth towards $1 by 2025.

Deep dives

Gemini's Regulatory Settlement

Gemini has reached a $5 million settlement with the Commodity Futures Trading Commission (CFTC) regarding allegations of misleading statements about Bitcoin futures manipulation. The CFTC's claims date back to 2022 but the settlement allows Gemini to conclude the matter without admitting or denying any liability. This resolution means that the previously anticipated trial will no longer take place, allowing the exchange to refocus on its operations. Additionally, Gemini is also facing ongoing legal challenges from the Securities and Exchange Commission (SEC), highlighting the regulatory scrutiny that cryptocurrency exchanges are experiencing.

Gemini's Settlement and Dogecoin's Surge to $1

2min

Host Jennifer Sanasie breaks down the latest news in the crypto industry from Gemini's CFTC settlement to whales' increasing interest in Dogecoin.

"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry as crypto exchange Gemini agreed to pay $5 million to settle a case with the CFTC. Plus, Dogecoin futures set a record high in terms of open interest and MARA Holdings is lending out 7,377 BTC to third parties.

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This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

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