Trump's $50 million acquisition of a DOGE mining company, Wyoming's launch of a government-supported stablecoin, and Federal Reserve officials adopting a more moderate stance on digital assets have all triggered new institutional capital flows.

Dogecoin surged on Tuesday, following a series of regulatory and corporate factors that shifted the sentiment across the cryptocurrency industry. Trump invested $50 million to acquire a Dogecoin mining company, Wyoming launched a state-backed stablecoin, and Federal Reserve officials hinted at a more moderate stance on digital assets, all contributing to a new wave of institutional capital inflow.

News Background

• Trump's entity Thumzup acquired Dogehash for $50 million, with executives stating it created the largest Dogecoin mining operation. This transaction indicates that financially strong investors are confident in Dogecoin's infrastructure.
• Wyoming launched the first government-supported state-level stablecoin, Frontier Stable Token, further solidifying the U.S. regulatory shift towards digital assets.
• Federal Reserve Vice Chair Michelle Bowman warned banks that delaying the adoption of digital assets would pose competitive risks, indicating that a more lenient cryptocurrency policy will be adopted.
• SoFi Technologies integrated Bitcoin's Lightning Network, targeting the $740 billion remittance market—again showing that traditional finance is deeply exploring the cryptocurrency space.

• From August 20th 15:00 to August 21st 14:00, Dogecoin fluctuated within the range of $0.01, rising from $0.21 to $0.22, with an intraday volatility of about 4-5%.
• During the evening trading session on August 20th, the token rose from $0.21 to $0.22, an increase of 5%, establishing $0.22 as a recent resistance level.
• In the last hour 60-minute window (August 21st 13:22-14:21), Dogecoin rose from $0.22 to $0.22, an increase of 1%, with trading volume surpassing 61.8 million, confirming institutional investor activity.
• Support levels continue to hold in the $0.21-$0.22 range, with trading volume fluctuating between 320 million and 380 million at critical test points.

Technical Analysis

• Support Level: $0.21-$0.22 has established a reliable bottom, confirmed by repeated high-volume retests.
• Resistance Level: The key resistance point at $0.22 has been broken, but bulls need to further probe up to $0.225 to confirm the breakout.
• Trading Volume: Peaks of 61.8 million and 378.6 million confirm institutional buying interest.
• Pattern: Classic consolidation followed by impulsive breakout; if support holds, an upward trajectory is expected.
• Open Interest in Futures: Stabilized around $3 billion, reflecting that despite macro market fluctuations, leveraged rates remain persistent.

Market reactions to the Federal Reserve's policy changes and Wyoming's stablecoin issuance—this could bring positive effects to the entire industry. • Whale accumulation patterns this week.
The total holding of DOGE has reached 2 billion ($500 million). Thumzup's acquisition will drive expansion in the mining industry and impact its hash power distribution.