Dgenz Crypto Weekly 042

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Table of Contents

Market Pulse

Rate Cuts & Crypto Pumps

The Fed just got called out and crypto might be the one cashing in. U.S. Treasury Secretary Scott Bessent says a 50-basis-point rate cut should be “on the table” for September after inflation data came in cooler than a crypto winter. He even threw shade at the Bureau of Labor Statistics, blaming their bad job data for not slashing rates earlier. That screw-up? Revised down by 258,000 jobs. Trump’s response? Fire the BLS Commissioner and accuse them of cooking the books. Now the Fed’s being pushed to make up for lost time and a chunky rate cut like that could mean cheaper borrowing, more risk-taking, and more money flowing into crypto. Ethereum already popped to its highest level in years, while blue-chip tokens caught a bid on the inflation news. Merkle Tree Capital’s CIO says a 50bps cut would be a clear “risk-on” signal for the rest of the year. Betting markets agree with odds for a rate cut next month above 80%. Even if the Fed plays it safe with 25bps, momentum is building, and that’s music to the ears of degens everywhere. But don’t pop the champagne yet, more inflation and jobs data is still on deck. Add in macro drama and seasonal chop, and we could see fireworks or a full flop. Smart money is still hedging downside with puts, but if the Fed hits that fat cut, say hello to bull season.

Ethereum Just Had Its Biggest Day Ever

Ethereum just threw a billion-dollar party and Wall Street showed up in suits. On Monday, investors poured over $1 billion into Ethereum ETFs, smashing the previous daily record of $726 million. BlackRock’s ETH fund led the charge with $640M of that inflow, helping push total assets across all ETH ETFs above $10 billion. ETH’s price broke $4,000 on Friday and now currently trading around $4,630, the highest it’s been since 2021. It’s now just 5% shy of an all-time high, and bulls are licking their lips. One person especially happy? Vitalik Buterin. With his 240,042 ETH stash now worth over $1.11 billion, Ethereum’s co-founder is officially back in the billionaire club. The timing isn’t a coincidence. Interest in ETH is booming thanks to growing mainstream adoption of stablecoins like USDC and USDT, most of which run on the Ethereum network. The recent GENIUS Act, signed by Trump, gave these coins a U.S. regulatory greenlight, helping investors finally understand what Ethereum actually does. Fundstrat’s Tom Lee calls stablecoins ETH’s “killer app” and says it could become the next Bitcoin. And BitMine Immersion agrees, they’ve loaded up with $5B in ETH. ETFs were once the side dish to Bitcoin’s main course, but with institutions now piling into Ethereum, this is starting to look more like a full-blown flippening.

LUNAtic Crash Lands in Court

Do Kwon, the notorious founder of the collapsed Terra ecosystem, has finally pleaded guilty to conspiracy to defraud and wire fraud in the U.S. which is a major turn from his earlier not guilty stance. In court, he admitted to lying about how Terra's stablecoin peg was maintained and knowingly scamming crypto investors between 2018 and 2022. The fallout from Terra’s collapse wiped out $40 billion in market cap, wrecked retail portfolios, and sent shockwaves through the entire crypto industry, sparking what many called the “crypto contagion” that led to the downfall of firms like BlockFi, Genesis, and eventually FTX. Kwon now faces up to 12 years in prison (down from 25 thanks to a plea deal) and will cough up $19 million in penalties. His once-hyped algorithmic stablecoin UST and its sibling LUNA were used by many as a gateway into DeFi, peaking at a $40B market cap before imploding in May 2022. The meltdown dragged Bitcoin below $16K, ushered in a brutal bear market, and exposed just how fragile the crypto house of cards was at the time. Authorities from both the U.S. and South Korea have criminal cases lined up, and while Kwon awaits sentencing, his story now serves as a cautionary tale of how fast a crypto king can fall.

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Weekly Charts

TOTAL2

$TOTAL2 just broke above that pesky $1.62T resistance and it’s got the whole altcoin market doing a little happy dance. We’ve already locked in a few 4HR closes, but what we really want is that sweet, sweet daily candle to seal the deal. Fun fact: the last time we saw price this high was back in 2021 and even then, we never got a daily close above it. If this level gets reclaimed, $ETH could glide its way to $6K faster than you can say "bull market." Strap in.

The TOTAL2 chart shows the market cap of all cryptocurrencies excluding Bitcoin, offering insight into the altcoin market's health. A rising TOTAL2 often signals increased interest in altcoins, while a decline may indicate a shift back to Bitcoin or reduced altcoin investment.

Others Dominance

$OTHERS.D just smashed through resistance and broke out of its downtrend like it owed the market money. We’ve already got the 4HR confirmation in the bag, and now all eyes are on the daily close to lock it in. This is the kind of move that kicks off full-blown altcoin season. If you’re sitting on the sidelines, don’t blink, the party’s just getting started and things are about to get spicy.

The OTHERS.D chart highlights the market share of altcoins outside the top 10 by market cap, giving investors insight into capital flow and interest in the broader crypto market.

BTCDOM

$BTCDOM just lost its daily support at the $4000 level, and the next real floor is all the way down at $3400. That’s a big ol’ gap, and it’s screaming opportunity for alts. All the market signals are starting to flash altcoin rally incoming. If we get a daily close to confirm it across the board, things could escalate quickly. The only question left: are you positioned… or about to get left behind?

The BTCDOM chart shows Bitcoin’s market dominance, revealing its share of the total crypto market cap and helping investors understand capital flow trends and overall confidence in Bitcoin versus altcoins.

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Token of the Week

Dogs - $DOGS

$DOGS is a meme coin launched on The Open Network (TON), built around Telegram’s beloved “Spotty” dog mascot. It became the largest meme token generation event ever thanks to a wildly successful airdrop via a Telegram mini-app, igniting explosive user growth and community activity

What Does $DOGS Do?
$DOGS is designed as a community engagement token within Telegram. It doesn’t power a complex DeFi protocol or smart contract platform, instead it’s all about engagement and culture. Users earn $DOGS through simple interactions like daily check-ins, completing small tasks or inviting friends. $DOGS is not just meme coin, the community has woven in a charitable and social angle. The project channels the light hearted meme spirit into real-world impact by supporting causes like orphanages and children’s homes

How It Works?
The token launched via the largest meme coin TGE in history, rewarding millions of Telegram users based on account age and activity. The mini-app enabled seamless distribution to TON wallets. Post-airdrop, users can trade $DOGS or use them in tokenized sticker systems and future activities, all powered on the TON chain behind Telegram.

Tokenomics & Incentives
- Total supply is fixed at 550 billion DOGS with no inflation.
- 81.5% distributed to community via airdrop with over 17 million claimers.
- 10% allocated to team/development with delayed vesting; 8.5% for liquidity/listings.
- Token burns and community-driven deflation strategies reinforce value.

Ecosystem Impact
- TON saw 4.5M unique holders of $DOGS, unmatched for a memecoin on any chain.
- The airdrop overwhelmed TON causing two major validator outages.
- CoinMarketCap named it a star of TON’s ecosystem growth

Recent Developments
- Trading on major exchanges propelled $DOGS to a ~$800M market cap at peak.
- Network congestion and outages briefly slowed TON operations right after launch.
- 2025 roadmap includes token utility expansion, charity programs, and payment integration — even for offline purchases.

What’s Coming Next?
- Membership program to allow token locking in exchange for governance and revenue.
- Mini-app games, further integration into Telegram, and charity initiatives.
- Rewarding participation and loyalty within TON and Telegram.

TL;DR
$DOGS is a TON-native meme coin that went viral through Telegram's mini-app, completing the largest meme token distribution ever. It turned millions of users into crypto holders overnight and crashed TON’s infrastructure in the process. With a community-first tokenomics model and plans for utility and membership perks, $DOGS could evolve into a lasting social token powered by Telegram, reinforcing the bridge between fun and utility in crypto.

Market Cap - $77,967,221
24HR Volume - $17,227,881
Current Price - $0.000151
All-Time High - $0.001633 (-91%)
All-Time Low - $0.0001014 (+49%)

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Dgenz NFT Collections

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Weekly Crypto Stream

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