Alchemy Pay Launching Layer-1 Blockchain with Fiat and Crypto Gas Fee Options, Integrates with Samsung Pay

Daily Top Performer — Dogecoin (DOGE)

The S&P 500 rose 0.27%, led by financials, while energy stocks dropped due to weaker oil. Investors await labor data and major tech earnings. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 4.50%, with Bitcoin and Ether rising by 2.71% and 1.00%, respectively in the past 24 hours.

Today's top performer is DOGE, which surged 15.7% after Elon Musk unveiled DOGE plans at a Trump rally.

Dogecoin (DOGE), launched in 2013, is a peer-to-peer cryptocurrency created as a decentralized "joke coin." Despite its meme origins, it has grown into a popular crypto used for payments, crowdfunding, and tipping, with support from figures like Elon Musk. DOGE has achieved significant market cap growth and remains community-driven without a central authority. Dogecoin surged after Elon Musk discussed plans for a "Department of Governmental Efficiency (D.O.G.E.)" at a Trump rally in New York. Musk's endorsement of Trump and references to D.O.G.E. boosted the meme coin, marking a five-month high. Dogecoin, the ninth-largest cryptocurrency, continues to gain traction, though it remains far from its 2021 peak of $0.73.

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Talk of the Town

Alchemy Pay announced plans to launch a layer-1 blockchain, Alchemy Chain, using Solana Virtual Machine (SVM) architecture. The blockchain will support both fiat and ACH token payments for gas fees, aiming to create a frictionless system between fiat and crypto. Alchemy Pay also plans to integrate layer-2 solutions, offer stablecoin yield opportunities, and introduce tools for memecoin projects, including a meme launchpad and Telegram bot. Additionally, the company integrated its virtual card service with Samsung Pay, enabling crypto holders to use digital assets through the popular payment platform.

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Bitcoin Spot ETF Flows

Yesterday, In the latest BTC Spot ETF data, the total flow amounted to $164.2 million, with $0.0 million from GBTC and $164.2 million from non-GBTC sources.

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Airdrop to Watch

Linea has announced its final LXP campaign, offering a total of 50 LXP for completing three quests: Cross-Chain (15 LXP), DeFi (20 LXP), and Gaming (15 LXP). The campaign lasts six days and takes just 10-15 minutes to complete. This is the last chance to earn LXP, so participants are encouraged to start now.