The team will begin exploring ways to become an independent post-quantum L1.

Dogecoin is evolving into a full crypto network that rewards not only DOGE users but also participants actively engaging on-chain. This is demonstrated by today’s announcement that revealed that the network has launched its own specialized company. The new firm is designed to build a digital economy expected to support the DOGE’s long-running community. Dogecoin unveils dedicated company Dogecoin has created its own firm dubbed ‘ Dogecoin Labs ’, aiming to drive growth in the ecosystem, according to the announcement made today. Through collaborations with the Dogecoin Foundation, the new initiative will unify products, intellectual properties, and development teams across the wider Dogecoin ecosystem into a unified independent organization. The newly launched company aims to advance development within the Dogecoin ecosystem and bring more practical applications to DOGE users. As per the report, the firm will own and manage Dogecoin’s three major products (including Such App merchant payment platform, DogeOS application network, and MyDoge wallet ) to build an interconnected ecosystem for DOGE customers. The aim is to expand real-world utilities of Dogecoin by enabling users to access practical use cases and allowing businesses to accept payments more easily. MyDoge wallet is a self-custodial wallet that allows customers to send, receive, store, and tip Dogecoin, making the user crypto experience seamless, secure, and fun. The wallet currently has over 500,000 customers, showing its popularity. On the other hand, Such App’s merchant-payment infrastructure is a platform that allows merchants and businesses to easily accept Dogecoin through DOGE invoicing, online transactions, and QR code payments. Lastly, DogeOS is an application-layer network compatible with EVM, thus supporting developers in developing applications within the Dogecoin ecosystem. By collectively managing these critical products, the new organization seeks to drive adoption, turn DOGE holders into active on-chain users, and unlock business opportunities for the Dogecoin cryptocurrency. Dogecoin Labs to fill market gap The project seeks to resolve what is seen as Dogecoin’s inherent limitation. Dogecoin is one of the biggest and most-recognized cryptocurrencies, with huge liquidity, millions of holders, and active communities. Despite these massive parameters, the number of products and enterprises built around the cryptocurrency remains relatively few. The introduction of the newly formed organization, Dogecoin Labs, aims to address this shortcoming by building wallets, trading, payments, DeFi, commerce, and social applications on the ecosystem.

The debate over whether Bitcoin’s hashing algorithm can be hacked continues to evolve. This time, billionaire investor Chamath Palihapitiya revealed that AI will eventually hack the Bitcoin network. In an interview shared today, the renowned tech investor and the founder and CEO of Social Capital claimed that AI will, in the long run, crack Bitcoin and trigger a massive price plunge. BTC can fall to zero after infiltration In the podcast, Chamath Palihapitiya is convinced that a future AI hack could eventually infiltrate Bitcoin and send its value to zero. In the interview, the CEO identified privacy exposure and AI-enabled hacking as risks facing traditional cryptocurrencies, including Bitcoin. Regarding privacy exposure, he mentioned leaked crypto data security, which led to home invasions and kidnappings of crypto entrepreneurs and prominent investors in France. In the case of AI-enabled hacking , Palihapitiya said rising self-improving AI models could eventually manipulate Bitcoin’s hash algorithm (SHA-256 security) and possibly infiltrate Satoshi Nakamoto’s wallets. He illustrated that an attacker could profit twice from the same exploit: first by drawing funds from the wallets. Second, by shorting Bitcoin after publicly exposing the hacking incident, illustrating how Bitcoin can plummet to zero. According to the executive, Bitcoin is capped, and he believes that AI can hack its encryption and unlock blockchain wallets whose public keys are often protected by math. His statement revealed how AI has put powerful hacking tools into the hands of many people, including attackers. He called the migration to quantum-resistant cryptography impossible because the Bitcoin community’s attention is divided. He says he buys Bitcoin through ETFs Palihapitiya said he no longer holds Bitcoin directly because of potential security concerns. The CEO said he gets exposure to Bitcoin through the equity market to avoid storage and security risks. He sees Bitcoin as democratized today through Bitcoin ETF funds, which let investors buy BTC easily, like buying ordinary stocks. According to him, these ETFs are a milestone, helping BTC reach a mainstream audience, as they no longer need to worry about digital wallets or sophisticated security keys.

A rapid climb from around two cents to above fourteen cents left bearish IRYS traders facing substantial forced closures.