Trump Family Endorsement! This Company is Set to Acquire Dogecoin and Litecoin Miners, and Nasdaq Will Welcome New Code 'XDOG'

A company backed by Trump's son is about to enter the 'mining' game?

On August 19, according to The Block, social media company Thumzup (stock code TZUP) suddenly announced a major deal: it plans to acquire blockchain miner Dogehash Technologies, which focuses on the Scrypt algorithm, in an all-stock transaction. In this deal, Dogehash shareholders will receive 30.7 million shares of Thumzup stock, with the deal expected to be completed by the end of the year.

More notably, after the acquisition, the company will be renamed 'Dogehash Technologies Holdings, Inc.' and will be listed on Nasdaq under the new code 'XDOG.' Currently, Dogehash operates 2,500 mining machines in North America and primarily uses renewable energy, specializing in the Scrypt algorithm—this is precisely the mining foundation for popular cryptocurrencies like Dogecoin and Litecoin.

From a Trump family-linked company to directly engaging in cryptocurrency mining, and now to Nasdaq's 'XDOG' new identity, will this cross-border acquisition shake up the crypto market? The answer may have to wait until the deal is finalized at the end of the year. $ETH $BTC $DOGE