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Cryptocurrency News, Tuesday, August 5, 2025 - Crypto Market Consolidates; SEC Introduces Revolutionary Crypto Initiative

... well-known "meme cryptocurrency," initially created as a joke. Despite its unserious origins, DOGE remains one of the largest digital assets by market capitalization thanks to its active community and support from well-known entrepreneurs (such as Elon Musk). Dogecoin continues to be in demand as a speculative instrument and a gauge of retail investor sentiment. Solana (SOL) — a high-speed blockchain for scalable decentralized applications and financial services. Solana is known for its ability to ...

Key Events in the Venture Market on August 6, 2025: New Mega-Rounds in AI, Successful IPOs

... capital. For instance, the startup Thinking Machines Lab (founded by former OpenAI director Mira Murati) raised about $2 billion at an early stage, with a valuation around $12 billion—an unprecedented appetite from the market for such a young project. Elon Musk’s project xAI announced the closing of a record funding round: approximately $5 billion was raised in equity and another $5 billion in debt financing, providing the startup with immense resources to expand its AI platform and data center infrastructure....