Major global indices climbed yesterday — many to fresh all-time highs — on news that the US and China are inching closer to a trade deal that would prevent the two countries from imposing triple-digit tariffs on their mutual exports. Today, that optimism continues: talks between President Trump and Japan's new Prime Minister, Sanae Takaichi, reportedly went very well, leading to an agreement on critical minerals trade. Trump praised Japan, calling this the "new golden age" for the US-Japan alliance. It could hardly have gone better.

On the Chinese front, investors are now bracing for a positive outcome as well. Yet fundamentally, the US and Chinese objectives remain difficult to align. The US wants to bring manufacturing back home — which comes at China's expense — while also encouraging Beijing to spend more domestically, something Xi has tried and largely failed to achieve. As two Bloomberg journalists aptly wrote this morning, China's latest five-year plan "appears to show Trump's rebalancing dream to be — as far as Beijing is concerned — a fantasy."

Still, personal rapport between the two leaders could help keep relations as stable as possible under the circumstances. But any trade deal is unlikely to mark an endgame or magically eliminate policy volatility under Trump. Fortunately, markets have acclimated to that since January. The S&P 500 hasn't waited for perfect news to extend its rally to new highs — it's been doing so since June — while Chinese and Hong Kong equities are clawing back past losses, led by tech names.

In Japan, the Nikkei on Monday crossed the 50'000 level for the first time in history, though we're seeing some profit-taking this morning. But overall, the news flow remains supportive of risk-taking: trade deals with the US are lining up, the Federal Reserve (Fed) and the Bank of Canada (BoC) are both expected to cut rates this week, and the Bank of Japan (BoJ) outlook has turned softer under Takaichi.

What could go wrong? Time will tell — but for now, equity investors around the world are enjoying the rally, while safe-haven assets pull back. Gold, for instance, slipped below $4,000 per ounce, in what looks like a healthy correction after its exponential rally. The pullback could deepen by 10–20%, bringing prices back toward $3,400, the key 38.2% Fibonacci retracement of the past two-year surge. Above $3,400, gold's uptrend remains intact, and bulls still have their eyes on $5,000.

Elsewhere in commodities, copper remains volatile but broadly positive, while US crude tested — but failed to clear — its 50-day moving average yesterday despite the trade optimism. Tactical bullish bets placed after last week's sanctions against Rosneft and Lukoil are now being closed. There's speculation the sanctions may prove less severe than initially feared, as Trump likely wants to avoid triggering a price spike. Add to that Saudi Arabia's efforts to expand market share and expectations that OPEC will bring additional barrels to market, and the bears are likely to push for a return below $60 per barrel.

In FX, the US dollar retreated to a one-week low as the Fed began its two-day policy meeting. The central bank is widely expected to deliver a second 25-bp cut this year, amid growing speculation it may also announce an end to quantitative tightening (QT). Some suggest QT could end immediately, arguing that post-pandemic excess liquidity has now been fully absorbed and that the Fed wants to avoid draining it further. If that's the case — if this week's much-expected, fully priced-in rate cut is sweetened by the end of QT — equity bulls will have little reason to reverse the current rally. Short-term yields and the dollar would likely move lower.

Inside equities, AI and tech remain the centre of attention this week. While investors await Big Tech earnings on Wednesday and Thursday, Qualcomm stood out yesterday by announcing plans to launch new AI chips to compete with Nvidia and AMD in the rapidly expanding AI-chip market. Its AI200 and AI250 chips will hit the market next year, with Saudi Humane as its first customer. Nvidia and AMD could've felt queasy on the news — but no: both rose about 2.7–2.8%, as optimism spread that chip appetite keeps growing and there's enough cake for everyone to have a generous slice. Qualcomm, meanwhile, jumped more than 20% intraday and closed the session roughly 11% higher.

In the coming days, we'll find out Big Tech's spending plans, which will directly affect chip-demand forecasts. Together, Amazon, Microsoft, Alphabet, and Meta are expected to have spent over $100 billion in Q3, most of it on chips and data centres. Bubble or not, the money is being spent, the rally is on — and it's not a bubble until it bursts.

Source: ACTIONFOREX

Cautious Sentiment as Markets Await Federal Reserve Decision

U.S.–China Trade Optimism Lifts Broader Sentiment

Earnings Season Adds to Market Texture

A Market in Suspense

Source: CNBC

Elevating Strategic Dialogue: A Renewed Commitment to Comprehensive Partnership

Railway Connectivity and Nuclear Energy as Pillars of Infrastructure Cooperation

Trade, Agriculture, and Market Access: Balancing Bilateral Exchange

Educational Exchange and Support for Overseas Communities

Cultural Diplomacy and People-to-People Exchanges

Key points:

BNP Paribasfell short of third-quarter earnings forecasts on Tuesday after flagging the cost for integrating AXA Investment Managers and a jump in cash needed for bad loans, including for an unnamed "credit situation" in its global markets arm.The French bank reported solid growth across its investment bank but the rise in revenues was far lower than at Wall Street rivals after a bumper period of dealmaking and soaring markets.The euro zone's biggest lender by assets saw its shares hit hard last week when it struggled to reassure investors that it faces limited exposure to Sudan-related litigation, after a U.S. jury found it helped Sudan's government commit genocide by providing banking services that violated American sanctions.

BNP is appealing the U.S. jury's ruling, and gave no update on Tuesday on the case.

The bank posted a net profit of 3.04 billion euros ($3.55 billion) for the July-to-September period, below the company-compiled 3.09 billion-euro average of 16 analyst estimates.Revenues climbed 5.3% over the period to 12.6 billion euros, missing the 12.8 billion-euro average estimate.The bank said the cost of integrating AXA's fund arm, which BNP bought this year for 5.1 billion euros, is estimated at 690 million euros. The third quarter is the first in which AXA's impact has been included in BNP's results.

Higher regulatory capital requirements are also weighing on returns and delaying the deal's full financial benefits.The amount of cash BNP provisioned to cover bad loans in the third-quarter increased 24% year-on-year to 905 million euros, matching expectations but driven by the "specific credit situation" in its global markets unit.Provisioning in global markets alone shot up to 190 million euros from 11 million euros last year, the bank said.

INVESTMENT BANK GROWS

Across BNP's investment bank, a business Chief Executive Jean-Laurent Bonnafe has sought to make the engine of the lender's expansion in recent years, revenue rose 4.5% to 4.46 billion euros, while fixed income, currencies and commodities trading was up 3.7%. Both matched forecasts.BNP said its commercial and personal banking division benefited from the higher interest rate environment, with its net interest margin in the eurozone — the difference between what it earns on loans and what it pays on deposits — rising by 4.5%.The bank maintained its 2025 net income target of more than 12.2 billion euros as well as its guidance for a return on tangible equity of 13% by 2028, driven by its expected turnaround in retail banking profitability.

Source: TradingView

Is Dogecoin Dead in 2025? Data-Driven Insights into Its Future and Revival Potential

Dogecoin, once the quintessential meme coin, faces renewed scrutiny in 2025 — is Dogecoin dead? Hype and celebrity signals have faded, but liquidity, brand recognition, and a loyal holder base persist. This guide distills price history, on-chain signals, community health, and real-world utility into concise takeaways, helping investors judge whether DOGE is merely hibernating—or approaching structural decline.

What Is Dogecoin?

Dogecoin began in 2013 as a playful experiment inspired by the famous Shiba Inu “Doge” meme. Created by software engineers Billy Markus and Jackson Palmer, it was designed as a lighthearted version of Bitcoin with faster transactions and low fees. Despite its humorous roots, Dogecoin evolved into a widely recognized cryptocurrency with a devoted community that continues to ask — is Dogecoin dead or just transforming?

Origins and Core Technology

• Dogecoin is built on the Litecoin codebase and uses the Scrypt algorithm, making mining more accessible than Bitcoin’s SHA-256 model.
• It relies on a Proof-of-Work (PoW) consensus mechanism with a 1-minute block time, emphasizing speed and low transaction costs.
• The supply is uncapped — around 5 billion new DOGE are issued annually, leading to inflationary pressure but ensuring liquidity.

While its simple structure supports efficiency, some analysts argue that the lack of deflation could contribute to long-term weakness and the recurring doge death debate.

Why It Became a Cultural Phenomenon

• Dogecoin became the first cryptocurrency to go viral purely through memes and community humor, spreading rapidly on Reddit and Twitter.
• It sponsored events like the Jamaican bobsled team and NASCAR, proving crypto’s social impact potential.
• High-profile mentions by Elon Musk turned DOGE into a mainstream topic in 2021, attracting millions of retail investors.

As the meme economy matured, Dogecoin’s popularity illustrated how digital culture could convert into real market momentum — but as the hype cooled, questions like is doge dead or whether it faces doge digital storage conversion risks started surfacing among cautious investors.

Is Dogecoin Dead? Price and Market Trends (2013–2025)

Early Growth and Major Milestones (2013–2022)

These milestones reveal how Dogecoin shifted from internet humor to serious speculation — yet by 2022, the fading hype reignited the discussion: is doge dead or simply resetting?

Recent Market Trends (2023–2025)

• Between 2023–2025, Dogecoin stabilized between $0.07–$0.15, reflecting lower volatility and consistent liquidity.
• Trading volumes hover around $400–600 million daily, showing sustained exchange activity despite declining headlines.
• Active wallet count surpasses 5 million, while whale concentration remains a concern for decentralization.
• Dogecoin continues to rank among the top 10 meme coins by market cap, a sign it’s far from a complete doge death scenario.

Overall, market data suggests that while enthusiasm has cooled, Dogecoin still holds a stable niche in the crypto ecosystem — challenging the notion that is dogecoin dead means total extinction rather than natural market evolution.

Why People Think Dogecoin Is Dead

Declining Hype and Media Attention

After the 2021 bull run, Dogecoin’s mainstream presence faded. Google Trends data shows searches for is Dogecoin dead surged in 2022 as the media shifted focus toward newer assets like PEPE and AI-driven coins. News outlets that once highlighted Elon Musk’s tweets now rarely mention DOGE, reflecting reduced public curiosity. Without consistent exposure, retail inflows slowed, and social conversations on Reddit and Twitter decreased by over 60% from their 2021 peak.

Lack of Innovation and Utility

• Unlike Ethereum or Solana, Dogecoin hasn’t launched major ecosystem upgrades or Layer-2 integrations.
• No native support for DeFi, NFTs, or smart contracts, leaving DOGE as a simple transaction token.
• Developers maintain the codebase, but progress remains slow and mostly technical maintenance.

This stagnation amplifies the doge dead narrative, with critics suggesting it faces long-term doge digital storage conversion risks—where users shift value toward assets offering more utility and staking yield.

Whale Concentration and Market Control

Over 40% of all Dogecoin is held by fewer than 20 wallets, a concentration that makes the network vulnerable to manipulation. When these whales move funds, prices can swing dramatically, discouraging smaller investors. Although some whales have distributed holdings since 2023, centralization remains a valid concern. For skeptics, this imbalance is further evidence fueling the perception that doge death is inevitable once liquidity tightens.

Meme Fatigue and Competition from SHIB, PEPE, and BONK

The rise of these competitors fragmented the meme coin market. Dogecoin, once dominant, now competes for investor attention in a crowded space, intensifying doubts like “is Doge dead?” among those chasing faster-moving alternatives.

Why Dogecoin Isn’t Dead Yet — Community and On-Chain Activity

Developer Engagement and Network Updates

• Dogecoin’s core team continues maintaining wallet security, node performance, and interoperability with other blockchains.
• Recent proposals include Dogecoin-Ethereum bridges and improved node synchronization.
• GitHub commits slowed since 2021 but remain steady—showing DOGE is maintained, not abandoned.

While critics claim doge dead because of minimal innovation, steady updates prevent network obsolescence and sustain technical credibility.

On-Chain Data — Holders and Transactions

The gradual growth in holders indicates sustained confidence. Even during market downturns, Dogecoin maintains high network activity—a sign that claims of doge death overlook ongoing user participation.

Social Strength and Brand Recognition

• Dogecoin’s Reddit community surpassed 2.8 million members by 2025, making it one of the largest crypto forums online.
• Its lighthearted tone keeps engagement positive, contrasting with the toxicity found in other meme projects.
• Influencers and long-term holders still reference DOGE as the “original meme coin.”

This cultural durability shows that while others debate is Dogecoin dead, its community keeps the brand alive through consistent online presence, charity drives, and organic discussions—making doge death more myth than reality.

What Could Bring Dogecoin Back to Life

Current Use Cases

• Payments and Tipping: Dogecoin is accepted by select merchants such as Tesla and Newegg, and is used for microtransactions and tipping on social media platforms like X (Twitter).
• Charity and Community Funding: The Dogecoin Foundation has supported causes like clean water projects and space-themed initiatives, reinforcing the meme’s humanitarian side.
• Low-Fee Transfers: Its fast and cheap transaction model still makes it a preferred choice for small-scale digital payments and peer-to-peer transfers.

Although some skeptics question is Dogecoin dead due to its limited adoption, these practical use cases prove DOGE retains purpose and utility, resisting a complete doge death.

Potential Revival Catalysts

• Integration with X (Twitter) Payments: If Elon Musk implements Dogecoin as part of X’s payment ecosystem, DOGE could gain real-world traction beyond speculation.
• Layer-2 Development: Proposals for sidechains and smart-contract compatibility could expand its utility and reduce doge digital storage conversion risks.
• Renewed Market Cycles: Meme coins often rebound during bullish phases; a crypto market revival could fuel renewed retail interest.
• Brand Legacy: As the original meme coin, Dogecoin’s cultural identity still resonates, giving it revival potential even when others ask, “is doge dead?”

If these catalysts materialize, Dogecoin could shift from being seen as a nostalgic relic to a revived, functional crypto asset with sustained adoption.

FAQs about Is Dogecoin Dead

1. Is there a future for Dogecoin?

Yes. Despite ongoing debates about doge dead narratives, Dogecoin’s community strength, liquidity, and brand visibility give it a long-term foundation. If adoption grows and technology evolves, DOGE could reemerge as a viable payment asset rather than a fading meme.

2. Will DOGE ever go back up?

Historically, Dogecoin has shown cyclical rebounds during bull markets. While it may not replicate 2021’s massive surge, moderate recovery is plausible if new integrations or investor confidence return. Declaring a permanent doge death ignores crypto’s cyclical nature.

3. What does Elon Musk say about Dogecoin?

Elon Musk remains one of Dogecoin’s most influential supporters. He continues to reference DOGE in interviews and online posts, reinforcing that the coin’s identity is tied to innovation and humor. Musk’s endorsements still shape sentiment when people ask, “is Dogecoin dead?”

4. Should I still hold Dogecoin?

Holding depends on risk tolerance. Dogecoin is less speculative than in 2021 but still volatile. Long-term investors who believe in its community and brand value may choose to hold, while others may diversify to manage potential doge digital storage conversion risks.

Conclusion

is Dogecoin dead? Not yet. Though hype and media attention have cooled, Dogecoin’s loyal community, lasting brand, and real-world use cases prove it remains alive. Its future depends on innovation, wider adoption, and potential integration with mainstream platforms—factors that could transform DOGE from meme to meaningful utility.

India and China share a complicated relationship. The world's two most populous nations are outright regional rivals who fought a border war in the 1960s. Relations have been at a low point since border clashes in 2020 left soldiers dead on both sides.Despite this, the two countries have growing economic ties. China has an assortment of critical technology and materials that India needs to fuel its manufacturing ambitions. China also sees an important new consumer market in India's growing middle class.Since US President Donald Trump waged a trade war against both countries, India and China have accelerated their efforts to repair ties. At the end of August, India's Prime Minister Narendra Modi visited China for the first time in seven years for a security summit — the latest sign of a fresh reset in relations with his country's powerful neighbor.

In late October, the first passenger flight between India and China departed from Kolkata five years after direct services were suspended. The restored air route between the two countries is expected to strengthen bilateral ties by boosting tourism, education and business travel between the two countries.India and China share a rivalry that stretches back to the years just after India's independence in 1947. They initially enjoyed a brief friendship, but when China took control of Tibet in 1950 it left the two sides with their first shared border in history, giving rise to tensions. India's decision to grant asylum to the Dalai Lama in 1959 following a failed uprising against Chinese rule led to the first major source of strain. Three years later, the two sides fought a brief war over their disputed Himalayan border that China decisively won. Left unresolved were competing claims in two key regions — Aksai Chin in the west and Arunachal Pradesh in the east.

Ties remained strained through the Cold War as India grew closer to the Soviet Union — China's then rival. In recent decades, China has pulled ahead rapidly as the dominant economic power of the two, but the post-Cold War era also brought an easing of tensions and growth in trade ties. However, Beijing's increasingly muscular foreign policy, as well as its deepening intervention in India's neighborhood through its Belt and Road infrastructure program, sowed mistrust in New Delhi into the 2010s.

Ties hit a fresh low after a border standoff in Doklam, a region bordering Bhutan, in 2017. Then, in 2020, a bloody border clash in Galwan in the Indian region of Ladakh sent relations into a deep freeze. India suspended tourist visas for Chinese nationals and erected restrictions against Chinese technology. It banned the sale of telecom equipment made by Huawei Technologies Co. and blocked Chinese video-sharing app TikTok. More recently, India has applied increased scrutiny on inbound investments by Chinese companies, including rejecting separate $1 billion investment proposals from Chinese auto majors BYD Co. and Great Wall Motor Co. to set up factories in the country. The renewed tensions also pushed India to cultivate closer ties with the US, whose rivalry with China was also deepening.

Suspicions over China continued to simmer during India's brief clash with Pakistan this year. Pakistan claimed Chinese-made J-10C jets were used to shoot down five Indian fighter jets during the conflict. India said China also provided its enemy with air defense and satellite support. Separately, China has grown increasingly wary of India's push to take manufacturing market share, as Beijing makes it more difficult for employees and specialized equipment to leave its shores and Chinese staff in India get recalled home.

Despite these frictions, India and China have an important economic relationship. China is India's second-largest trading partner behind the US thanks to India's appetite for Chinese consumer goods. The two sides traded $127 billion of goods last year, although most of that — $109 billion — were Chinese exports to India.India's industrial ambitions increasingly hinge on access to Chinese technology. For example, India imported nearly $48 billion worth of electronics and electrical equipment from China in 2024 — which underscores just how much the country relies on Chinese parts for its assembly of electronics, from smartphones to telecom networks. Similarly, its vaunted pharmaceutical industry imports the majority of active pharmaceutical ingredients from China.

India is also heavily reliant on China for rare earth magnets in order to meet its ambitious goals in the electric vehicle, renewable energy and consumer electronics sectors. China's curbs on its rare earth magnet exports, which hit India harder than other manufacturing nations, threatened to put its auto sector at a standstill.But it's not just goods and hardware that India needs from China. For its most critical technology needs — from EV batteries to clean power storage — and its ambitions to build cheap, renewable solutions for its 1.4 billion people, it also needs China's skillset and technological know-how.

In these sectors, where local expertise is lacking and alternatives are scarce, some of the country's biggest conglomerates are quietly exploring partnerships with Chinese firms. Indian billionaire Gautam Adani, for example, has visited China to meet executives at CATL, the world's largest battery maker, and has held preliminary talks with Chinese EV giant BYD about a potential battery manufacturing tie-up. Sajjan Jindal's JSW has already struck a deal with Chery Automobile Co. to source technology and components for its electric-vehicle push.

Beijing, too, has strong incentives to keep India close. With its domestic growth slowing, China sees India's consumer market, driven by its mammoth population, as one of its few remaining expansion frontiers. In 2024, India imported and sold approximately 156 million smartphones — this rapid digital adoption is a goldmine for Chinese device-makers Xiaomi, Vivo and Oppo that already dominate Indian sales.India, as the world's third-largest car market with roughly 4.3 million passenger vehicles sold in 2024, is another target market. Chinese automakers, notably BYD, have openly targeted this growth, previously declaring ambitions to capture up to 40% of India's auto market.

Beyond supply chains, China's tech giants have poured billions into India's startup ecosystem. Firms like Alibaba Group Holding Ltd. and Tencent Holdings Ltd. actively funded unicorns such as Paytm, Zomato, Ola Electric and Byju's, betting on India's rising digital economy and consumer appetite.And just as Indian firms see benefits in partnering with Chinese companies, Chinese firms too see advantages in collaborating with their Indian counterparts as they navigate India's complex regulatory landscape and seek access to one of the world's fastest-growing consumer markets.

Steps by both countries to repair ties have gained momentum in the last year, with high-level diplomatic visits by officials from both sides and greater outreach by business executives.In July, India's External Affairs Minister Subrahmanyam Jaishankar visited Beijing, his first visit since 2020. And in August, China's Foreign Minister Wang Yi visited New Delhi for the first time in three years. Both officials expressed a renewed spirit of cooperation between the two countries.There have been other signs of a thaw. Beijing has loosened curbs on its urea exports to India, New Delhi has reinstated tourist visas for Chinese nationals.

A big step toward improved relations came on Aug. 31 when Modi met with China's President Xi Jinping at the Shanghai Cooperation Organization summit in Tianjin. During their meeting, according to a top Indian official, the leaders discussed ways to increase and balance bilateral trade, strengthen people-to-people ties, cooperate on trans-border rivers and jointly fight terrorism.On Oct. 26, the first passenger jet in more than five years flew direct from India to China, in a new sign of warming relations. More direct flights are expected between the two countries; China Eastern Airlines Co. has announced services between Shanghai and Delhi will begin in November, and Air India is also working on a plan to reinstate direct flights, according to people familiar with the discussions.

Though the closer ties preceded the beginning of the second Trump administration, the thaw is driven to some extent by the US's about-face on India. During Trump's first term as president, the US saw India as a close partner in countering China. This time around Trump has taken a tougher approach toward India, slapping it with high tariffs, criticizing its trade barriers and attacking it for its purchases of cheap Russian oil. These moves have put China and India in a similar corner when it comes to Trump's trade war.

There are reasons to be skeptical that India and China are headed for a full rapprochement — and there is little indication that India plans to ditch its tech curbs and other investment restrictions on China anytime soon. Memories of the 2020 border clash remain fresh on both sides, and the border disputes that fueled the clashes remain unresolved.For India, the hesitation is obvious: Becoming too dependent on China risks repeating the vulnerabilities of the past. Supply chain shocks, from rare earth curbs to export restrictions on key components, have shown how Beijing can just as easily cut access as provide it.

For China, the risk is more strategic. Beijing knows India is on the same development path China once took: importing foreign know-how to leapfrog into new industries. That history makes Beijing cautious about transferring too much expertise, since India could emerge as a direct competitor in green tech, electronics and clean mobility.At stake is whether India can secure the technology it needs to meet climate goals and build affordable solutions for its vast population, or whether China will limit access to protect its global dominance. For Chinese companies, the lure of India's market is immense, but so too is the fear that today's partnerships could eventually seed a powerful rival.

Source: Bloomberg Europe