Chainbase

Dogecoin price eyes $0.076 as SpaceX stock jumps before earnings

Dogecoin price traded near $0.070 as SPCX stock extended its rebound ahead of SpaceX’s first earnings report as a public company.

Dogecoin price holds near $0.070
According to data from crypto.news, Dogecoin price was trading at $0.07035 at the time of writing, remaining near the lower end of its three-month range. The meme coin has stabilized after falling from a May peak above $0.117, but the daily chart has yet to confirm a sustained bullish reversal.

DOGE is trading below the Bollinger Bands’ 20-day midpoint at $0.07122. The level represents the first barrier buyers must reclaim before challenging the upper band at $0.07398.

The daily Relative Strength Index stood at 43.09, slightly above its moving average of 40.42. The reading shows that momentum has improved but remains below the neutral 50 mark, leaving sellers with a modest advantage.

Dogecoin’s immediate price action is unfolding alongside a broader crypto market recovery. Bitcoin traded around $63,400, while Ethereum hovered near $1,840. However, DOGE’s gains remained limited as traders waited for a stronger catalyst.

Bitcoin price eyes $66.5K as Qatar pushes US-Iran talks
Lawrence Mondal
By Lawrence Mondal👇

Bitcoin price rebounds above $64,000
According to data from crypto.news, Bitcoin price traded near $64,100 late Tuesday, recovering from an intraday low around $63,300 and extending its rebound from the $62,400-$62,500 support area.

The daily chart showed BTC closing above the 61.8% Fibonacci retracement level at $63,496. Holding this threshold would keep the recovery structure intact and allow buyers to target the 78.6% retracement at $65,026.

Momentum has also improved. The daily Relative Strength Index stood at 50.30, moving slightly above its signal line at 49.94. The reading places Bitcoin in neutral territory and suggests neither buyers nor sellers have full control.

The Aroon indicator offered a more positive signal. Aroon Up stood at 78.57%, while Aroon Down fell to zero, showing that recent highs are becoming more relevant than recent lows.

However, Bitcoin remains inside a broader consolidation range between approximately $57,868 and $66,975. A daily close above $65,026 would strengthen the short-term recovery, but the July high near $66,975 remains the larger breakout level.

"Ripple’s Monica Long says bank pilots are going live" 👇

👉 Ripple President Monica Long said on Aug. 4 that financial institutions are moving tokenized assets “from bank pilots to production,” creating demand for the operational infrastructure needed to issue, manage and use regulated assets on public blockchains.

👉 Long linked that shift to Ripple’s strategic investments in ZILO and Licuido, which the company announced one day earlier. Ripple said the two investments will add transfer agency, token issuance and collateral mobility tools to its capital markets infrastructure on the XRP Ledger. Financial terms were not disclosed.

👉Monica Long says bank tokenization has entered production
Long’s argument centers on the difference between testing blockchain technology and launching a regulated product that investors can actually use. Her Aug. 4 statement said Ripple was responding to institutions that now need infrastructure for the full lifecycle of tokenized assets, rather than another isolated proof of concept.

The clearest example is Aviva Investors’ tokenized share class of its U.S. Dollar Liquidity Fund, which launched on the XRP Ledger on July 29. It was Aviva Investors’ first tokenized fund product and followed a partnership with Ripple announced in February.

The Central Bank of Ireland approved the new share class. Eligible investors can access it through approved digital wallets, while BNY Mellon continues to hold the fund’s underlying assets. Komainu provided digital asset custody support, and Licuido supplied tokenization infrastructure.

As crypto.news previously reported, the tokenized structure retains the investment objective, liquidity terms and regulatory protections of the conventional fund. The blockchain token represents the investor’s fund interest, but the underlying short term debt instruments remain inside the regulated fund structure.

India updates tax reporting rules to include crypto assets and CBDCs👇

👉 India has expanded its global tax reporting framework to include specified crypto-assets, central bank digital currencies, and digital money products under updated FATCA and Common Reporting Standard rules.

👉 The Economic Times reported that the Central Board of Direct Taxes (CBDT) has revised India’s implementation guidance for the Foreign Account Tax Compliance Act (FATCA) and the Common Reporting Standard (CRS), bringing specified crypto-assets, central bank digital currencies (CBDCs), and digital money products within the scope of international tax reporting.

👉 The updated guidance sets out revised compliance requirements for reporting financial institutions, including banks, mutual funds, insurance companies, custodians, and other investment entities. Under the framework, such entities must identify reportable accounts, verify customers’ tax residency, and report financial information as part of India’s commitments under the Automatic Exchange of Information (AEOI) framework.

👉 In addition, the revised rules require reporting institutions to apply enhanced due diligence to high-value accounts with balances exceeding $1 million. The guidance calls for additional review procedures before such accounts are classified for reporting.

👉 The latest changes expand the range of financial products covered under India’s international tax reporting regime as authorities continue updating compliance standards for digital financial assets.