DOGE Surges in South Korea as Genius Act Spurs $6.35B Trading Volume and Corporate Acquisitions
Dogecoin (DOGE) experienced heightened trading activity, particularly in South Korea, and saw significant price movements following the passage of the "Genius Act" in the U.S., which introduced regulatory guidelines for stablecoins and boosted overall investor confidence in the cryptocurrency market. Additional momentum came from Bit Origin's acquisition of 40.54 million DOGE tokens, reflecting increased corporate interest, and positive sentiment from the U.S. House of Representatives' "Crypto Week." Despite these bullish drivers and a strong quarterly performance, DOGE has shown volatility in the last 24 hours, with the Binance DOGEUSDT pair currently trading at 0.26710, down 2.82% from the 24h open of 0.27485, and a robust 24-hour trading volume of approximately $6.35 billion, highlighting continued high market interest.