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The news of the US Securities Commission suing Coinbase has sparked heated discussions, and experts have proposed to Coinbase to shift its business focus to Bitcoin, which is not recognized as a securities product. Musk paid attention to this suggestion, and sent an article suggesting that Dogecoin was also a good choice, which made DOGE rebound nearly 10%

Last week, Elon Mask was accused by investors of insider trading and price manipulation in the Dogecoin lawsuit. In a document recently submitted to the Manhattan Federal Court, investors claimed that Musk allegedly paid online influencers, appeared on SNL, and used Twitter posts to trade DOGE through multiple Dogecoin wallets controlled by him or Tesla, thus making profits

After the U.S

Bitcoin and Ethereum resisted negative market sentiment and witnessed the transaction volume soaring to a one month high.Due to the negative traffic, traders are optimistic about BTC and ETH

A strong downward trend is underway.The $285 mark may be important in the short term in the coming days

On February 4, Elon Musk used the word "Doge" to arouse the enthusiasm of investors. Subsequently, Musk replied on Twitter with a photo of the rocket launch

Popular cryptocurrency analyst Ali Martinex stated that Bitcoin's "most important support level" is between $26360 and $27160. This range is worth noting as it represents an important quantity of cryptocurrencies

Due to the bulls' failure to regain control of the uptrend, a bearish cloud is enveloping the star cryptocurrency Bitcoin. The price started a slight upward correction from the support area of $26550 and climbed above the resistance level of $27000 and the 100 hour moving average level

According to reports, Elon Musk stated on Wednesday that the cost of Dogcoin needs to be reduced in order for this cryptocurrency to be more widely used in retail shopping. Previously, AMC Entertainment Holdings intended to accept cryptocurrency, allowing users to purchase tickets and licensed products online

According to real-time data from Bitstamp, a Bitcoin trading station located in Luxembourg, on May 19th, global cryptocurrencies suffered a significant decline, with Bitcoin dropping to $30500 per coin, with the largest drop of nearly 30% in 24 hours. Since May 12th, Bitcoin has fallen from a high of $57808 to its current level of $33000, with a weekly decline of over 40%

On Thursday, a Dogecoin investor sued Tesla and SpaceX CEO Musk,Request compensation of $258 billion from him, accusing him of implementing a "pyramid scheme" to manipulate the price of cryptocurrency.The prosecutor, named Keith Johnson, accused Musk and his Tesla and SpaceX companies of extortion in his lawsuit filed in the Federal Court of Manhattan, New York

(Observer Network) According to Reuters local time on June 16th, Elon Musk, the world's richest man, and his subsidiaries Tesla and SpaceX were sued by a dog coin investor on the same day. The other party accuses Musk of deliberately implementing a "cryptocurrency pyramid scheme (pyramid scheme)" on Twitter, directly "manipulating" the price of dog coins, and demands compensation of $258 billion (approximately RMB 1