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DOGE Price Analysis: Rejected at $0.26, Slides 2% as Profit-Taking Hits

Dogecoin's price failed to maintain above $0.26, resulting in significant institutional profit-taking that brought its value down to approximately $0.25. Despite this short-term decline, data from on-chain flows indicated that large holders purchased 30 million DOGE, reflecting continued accumulation amid resistance. DOGE's trading in the 24 hours prior to October 9 exhibited a 6% range between $0.24 and $0.26, but when it reached $0.26, it faced strong selling pressure, reversing previous gains. Analysts noted similarities to past cycles, where overcoming key resistance levels could lead to substantial price increases, with $0.41 identified as a significant milestone. Currently, traders are focused on whether DOGE can reclaim the $0.25 support after the recent liquidation and successfully breach the $0.26 resistance to regain upward momentum.

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UK Lifts Retail Ban on Crypto ETNs, Allowing Tax-Free Access via Pensions and ISAs

The U.K. has lifted its multi-year ban on crypto exchange-traded notes (ETNs), enabling retail investors to hold cryptocurrency products like bitcoin and ether ETNs in tax-advantaged accounts such as pensions and Individual Savings Accounts (ISAs). The Financial Conduct Authority (FCA) announced this change, arguing that the digital asset market

Luxembourg Claims Bragging Rights as First Eurozone Nation to Invest in Bitcoin

Luxembourg’s Intergenerational Sovereign Wealth Fund (FSIL) has made headlines by investing 1% of its holdings in Bitcoin ETFs, marking the first instance of a state-level fund in the Eurozone engaging with Bitcoin. Finance Minister Gilles Roth announced this investment during the presentation of the 2026 Budget, emphasizing Luxembourg’s

SoftBank’s PayPay Acquires 40% Stake in Binance Japan

SoftBank’s PayPay has acquired a 40% stake in Binance Japan, forming a capital and business agreement aimed at integrating cryptocurrency services with its mobile payment platform. Following the acquisition, Binance Japan will operate as an affiliate of PayPay, facilitating the buying and selling of crypto assets using PayPay Money.

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