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business, finance, technology

Bitwise Updates Spot Dogecoin ETF Filing as DOGE Price Eyes $0.35

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Bitwise Advances Spot Dogecoin ETF Filing as DOGE Price Eyes $0.35

Bitwise has filed an 8(a) form for its Spot Dogecoin ETF, initiating a 20-day SEC review window. This filing marks a significant milestone for the meme coin’s potential entry into regulated markets. According to Bloomberg Senior ETF Analyst Eric Balchunas, the move signals Bitwise’s intent to move forward rapidly with the listing, barring any regulatory intervention.

## What is the 8(a) Form Filing?

The 8(a) form acts as an automatic effectiveness application. When filed with U.S. securities exchanges, it allows an ETF to be listed automatically after 20 days unless the Securities and Exchange Commission (SEC) objects. This means the Spot Dogecoin ETF could potentially launch within three weeks.

Bitwise has demonstrated a pattern of expedited filings and robust compliance strategies in the ETF sector. Their decision to pursue a Dogecoin product highlights the growing institutional interest in meme-based assets and their expanding role within investment portfolios.

## Implications of the Filing

This filing represents one of the first attempts to list a Dogecoin-focused ETF under automatic approval conditions. If the SEC does not intervene, the ETF could become one of the few meme coin-based funds available in the United States.

Analysts note that such a listing would broaden investor access to DOGE and could enhance its legitimacy within the broader cryptocurrency landscape. The upcoming 20-day period is crucial, as it will determine whether the fund moves forward smoothly or faces additional regulatory scrutiny.

## DOGE Price and Technical Outlook

Amid the ETF filing momentum, DOGE’s price remains range-bound but shows notable volatility. As of the latest data from CoinGecko, DOGE trades at $0.1659 with a 24-hour trading volume of approximately $1.82 billion. The token has gained 1.16% over the past day but is down 10.68% over the last week.

Technical analyst NekoZ has identified a large symmetrical triangle pattern forming on DOGE’s weekly chart, now approaching its apex. DOGE currently sits near the lower boundary of this triangle, which is often a strong support and bounce zone.

A confirmed breakout above the upper trendline of this triangle could propel DOGE’s price toward $0.35, potentially triggering a new impulse phase. Market participants are closely watching these technical levels as the ETF narrative evolves.

## Looking Ahead

Historically, ETF milestones have influenced sentiment and price action across major cryptocurrencies. If DOGE maintains its current support levels, the combination of regulatory progress and favorable technical patterns could reshape its short-term trading trajectory.

The next few weeks will be critical for both the Spot Dogecoin ETF filing and DOGE’s price development.

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*The post Bitwise Updates Spot Dogecoin ETF Filing as DOGE Price Eyes $0.35 appeared first on Blockonomi.*
https://bitcoinethereumnews.com/tech/bitwise-updates-spot-dogecoin-etf-filing-as-doge-price-eyes-0-35/

general

New Zealand Dollar slumps below 0.5650 as New Zealand Unemployment Rate hits nine-year high

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The NZD/USD pair tumbled to near 0.5640, reaching its lowest level since April 10 during the early Asian session on Wednesday. The New Zealand Dollar (NZD) weakened against the US Dollar (USD) following the release of New Zealand’s jobless rate, which rose to the highest in nine years in the third quarter (Q3).

Data released by Statistics New Zealand showed that the unemployment rate increased to 5.3% in Q3 from 5.2% in Q2, aligning with market expectations. Employment remained unchanged compared to the previous three months, falling short of the estimated 0.1% increase.

Traders are now awaiting key US economic reports, including the ADP Employment Change and the ISM Services Purchasing Managers Index (PMI), both scheduled for release on Wednesday. These reports are expected to provide further guidance on the USD’s direction.

The Reserve Bank of New Zealand (RBNZ) has cut the Official Cash Rate (OCR) by 300 basis points since August of last year, bringing it down to 2.5%. Most economists anticipate an additional 25 basis point cut at the RBNZ’s final meeting of the year on November 26. This dovish monetary stance could continue to weigh on the NZD against the USD in the near term.

However, positive developments in US-China trade talks may help limit the downside for the Kiwi, often seen as a proxy for China due to the country’s close trade ties with New Zealand. According to a Bloomberg report released late Tuesday, US President Donald Trump announced a reduction in fentanyl-related tariffs on imports from China, lowering the rate from 20% to 10%. Additionally, some reciprocal levies on Chinese goods will remain frozen. These tariff adjustments are set to take effect on November 10.

Meanwhile, the US government shutdown has entered its sixth week, poised to become the longest federal funding lapse in the nation’s history after a short-term funding bill failed in the Senate once again. The latest attempt to break the impasse—passing Republican-backed temporary legislation—failed in the Senate for the 14th time on Tuesday.

Concerns that a prolonged US federal shutdown could negatively impact the US economy may undermine the Greenback against the New Zealand Dollar in the coming sessions.
https://bitcoinethereumnews.com/finance/new-zealand-dollar-slumps-below-0-5650-as-new-zealand-unemployment-rate-hits-nine-year-high/

business, economy

Apple Expanding Ads in iOS: The Maps App Is Reportedly Next

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Apple is reportedly moving ahead with plans to aggressively monetize the iOS ecosystem, with the Maps app rumored to be next in line for advertisement integration.

### Mark Gurman: Apple Plans to Bring Advertisements to the Maps App

Bloomberg’s Mark Gurman shared some notable insights in his latest “Power On” newsletter, revealing the possibility of a vapor chamber in the upcoming iPad Pro and hinting at advertisement ingress into the Maps app on iOS.

According to Gurman, after introducing advertisements within its App Store, Apple is now set to extend a similar approach to the Maps app. The ads are expected to resemble those seen in the App Store—mainly paid placements appearing within search results.

Apple’s iOS ecosystem encompasses around 1.5 billion iPhones worldwide. This vast user base means that monetizing various facets of the ecosystem could generate substantial revenue for the Cupertino tech giant.

If this trajectory continues, paid placements may eventually appear across every search-related feature within Apple’s iOS ecosystem. For example, paid Apple Music subscribers already see ads in the form of curated radio stations and interviews integrated within playlists.

While these moves are likely to benefit Apple financially, they could also raise privacy and data safety concerns. This is especially relevant in light of upcoming Apple Intelligence features, which include enhanced in-app actions and a more personalized Siri experience—services that rely heavily on collecting and processing personal data.

As Apple expands advertising across its ecosystem, users and privacy advocates will be watching closely to see how the company balances monetization with user data protection.
https://wccftech.com/apple-expanding-ads-in-ios-the-maps-app-is-reportedly-next/

business, entertainment, finance, media, technology

Microsoft tells Xbox unit to deliver margins above ‘industry average’ – report

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Microsoft (NASDAQ: MSFT) is pushing its Xbox gaming division to achieve profit margins “well above the industry average,” according to a report by Bloomberg published on Thursday.

Citing insider sources, the report revealed that over the past two years, company executives have set ambitious targets across the board to enhance profitability. This strategic focus underscores Microsoft’s commitment to strengthening its position in the competitive gaming market.
https://seekingalpha.com/news/4507483-microsoft-tells-xbox-unit-to-deliver-margins-above-industry-average—report?utm_source=feed_news_all&utm_medium=referral&feed_item_type=news