Bit Origin Secures $500M to Launch Dogecoin Treasury

The Dogecoin (DOGE) network is gradually heating up with bullish activities following the recent Ethereum (ETH) price jump above $3.4k. The Dogecoin’s Futures Open Interest (OI) has surged to the highest level since early February 2025 of about $3.19 billion, signaling a renewed interest from speculative traders.

The Dogecoin’s funding rate has also recorded an increased positive growth, whereby the average daily funding rate is higher than the second week of May, which resulted in an upsurge towards 25 cents. Historically, positive funding rates…