Dogecoin News Today: Elon Musk's Lawyer Backs Dogecoin Treasury as BlockDAG Surpasses $386M with 3M Miners

Dogecoin, the meme-based cryptocurrency backed by Tesla CEO Elon Musk, has been thrust into the spotlight following a major development led by Musk’s personal attorney. CleanCore Solutions, a Nebraska-based cleaning products company, announced the creation of an official Dogecoin treasury, backed by the Dogecoin Foundation and the House of Doge. The initiative, which includes a $175 million private placement offering 175 million pre-funded warrants at $1 each, aims to use the proceeds to purchase Dogecoin and contribute it to the company's treasury operations. Alex Spiro, who has represented Musk in high-profile cases and is known for his work with celebrities and politicians, will serve as chairman of CleanCore’s board of directors. This move marks one of the first public-company-led Dogecoin treasuries, as most such ventures typically focus on more established cryptocurrencies like Bitcoin and Ethereum. However, despite the broader crypto market rally, Dogecoin has seen a 30.6% decline in value year-to-date. The news caused immediate market jitters, with CleanCore’s stock plummeting 52.9% after the announcement but still posting a 152.2% annual gain due to a surge in August sales.

Meanwhile, BlockDAG has captured attention as one of the most rapidly rising presale projects in the crypto space. Priced at $0.03 in batch 30 of its presale, the token has already raised over $389 million and sold 25.5 billion coins. The project has a guaranteed listing price of $0.05, offering an instant 66% return for current investors. Analysts highlight BlockDAG’s infrastructure as a key differentiator, with the X1 mobile miner app attracting over 3 million users globally. This widespread user engagement is seen as a strong indicator of future price movements, with projections suggesting the token could reach $1 in the short term and $5–$10 in the long term. The project’s roadmap includes the shipment of 20,000 X-series miners, as well as confirmed listings on 20 exchanges, including MEXC and LBank. These developments, combined with strategic partnerships with global sports teams and athletes, are helping BlockDAG gain traction far beyond traditional crypto circles.

The project’s presale has already demonstrated historic returns, with a ROI of 2,660% since its launch at $0.001 in batch 1. Unlike many presale projects that struggle to gain post-launch momentum, BlockDAG has built its user base and infrastructure in parallel, with real-time tools such as the BlockDAG Explorer and BlockDAG Academy already in operation. This level of development prior to mainnet launch is a rare feat in the crypto industry and has contributed to its growing legitimacy among both retail and institutional investors. The X10, X30, and X100 miners are already being distributed and will begin generating daily earnings once the mainnet is live, further cementing the token’s utility. Analysts point to these metrics as the foundation for BlockDAG’s potential to become a top-performing cryptocurrency in 2025.

The project’s ecosystem is also expanding rapidly, with over 4,500 developers already working on 300+ dApps, and partnerships with major sports franchises and personalities providing additional visibility. These strategic moves are not just marketing efforts but are designed to integrate BDAG into everyday consumer experiences, a strategy that could drive mainstream adoption. With a presale cap approaching $600 million and 3 million users already active, BlockDAG is positioned to transition from a presale success to a full-fledged crypto contender. The combination of mobile mining accessibility, institutional-grade mining hardware, and a strong developer community has created a unique value proposition that sets it apart from many of its peers.

As the crypto market continues to evolve, projects like BlockDAG and initiatives such as CleanCore’s Dogecoin treasury highlight the growing intersection between institutional strategy and grassroots adoption. While Dogecoin’s recent price weakness may challenge its long-term viability in the eyes of some investors, the backing of high-profile figures like Musk and his legal team signals continued interest in the token. BlockDAG, on the other hand, is leveraging early-mover advantages and infrastructure development to position itself as a leader in a crowded market. With presale momentum, user growth, and ecosystem development already in place, BlockDAG could emerge as one of the most compelling narratives in the crypto space this year.

Source:

[1] Elon Musk's Go-to Lawyer Is Heading a Dogecoin Treasury (https://www.businessinsider.com/elon-musks-go-to-lawyer-alex-spiro-dogecoin-treasury-2025-9)

[2] 3M Users Mining BlockDAG: From $0.03 to $10? (https://www.cryptoninjas.net/news/3m-users-mining-blockdag-from-0-03-to-10/)

[3] BlockDAG Network: Can This $386M Presale Join The ... (https://blockchainreporter.net/blockdag-at-0-03-the-silent-presale-that-could-outshine-the-top-crypto-performers-of-2025/)