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Today’s Headline

The Dogecoin Foundation, which was founded in 2014, has announced a rebuild and will announce new projects in the coming weeks. According to its website, the fund’s board currently consists of five directors, including DDP founder Gary Lachance, Foundation head of legal and governance Jens Wiechers, Dogecoin core developer and principal engineer Michi Lumin, Dogecoin core developer Ross Nicoll, and F/OSS community product Lead Timothy Stebbing. They will meet monthly to discuss issues related to the Dogecoin project. The advisory board is made up of four members, They include Jared Birchall, a financial and legal adviser on Musk’s behalf; Max Keller, a technology adviser; Shibetoshi Nakamoto, founder of Dogecoin and Memes advisor; and Vitalik, founder of Ethereum. They are responsible for providing key insights into specific strategic areas.

Bingbon Chart

Source: TradingView & Bingbon

Bitcoin fell heavily towards $44,500. As it appears, it might still be a long way before Bitcoin touches $50,000. Meanwhile, profit-taking on a larger scale is still possible if the global regulatory issue comes true. The recent profit-taking on a smaller scale should not come as a surprise after the latest gains. BTC is currently consolidating above $44,500. If it fails to climb above the $46,500 resistance levels, BTC could further decline. An initial support on the downside channel is near the $42,200 level.