Dogecoin Price Closes In On Major Trendline For Breakout To $1

Medical diagnostics company Semler Scientific has reported steep unrealized losses on its Bitcoin holdings. In its most recent SEC filing dated April 15, the company revealed a paper loss of approximately $41.8 million for the first quarter of 2025.

This loss stems from the sharp drop in BTC prices, which slid from $93,500 at the beginning of January to almost $82,000 by March 31.Semler Scientific Sees Steep Losses

Despite the downturn, Semler remains heavily invested in the cryptocurrency and holds 3,182 BTC at quarter’s end. The firm, which ranks as the twelfth-largest corporate Bitcoin holder globally, right above Boyaa Interactive International Limited, continues to double down on its digital asset strategy.

CEO Doug Murphy-Chutorianreiteratedthis stance when he affirmed the company’s dual focus on Bitcoin accumulation and ongoing healthcare innovation. Financially, Semler projected modest revenue between $8.8 million and $8.9 million for the quarter, but operating losses are expected to land between $1.3 million and $1.5 million.

As of March 31, Semler reported having about $10 million in cash and cash equivalents.

In yet another strategic move, the company also announced plans to issue up to $500 million in securities, the proceeds of which are earmarked for general corporate purposes, including continued cryptocurrency purchases. However, investor sentiment appears wary. The company’s stock, traded under the ticker SMLR on the Nasdaq, has declined by more than 22% since the start of the year.Agreement With DOJ

Semler Scientific announced via a separate 8-K filing that it has reached an agreement-in-principle to resolve longstanding legal concerns with the Department of Justice (DOJ). The company said that it is prepared to pay around $30 million to address allegations that it violated the False Claims Act through improper marketing practices tied to devices billed to Medicare.

The DOJ’s civil investigation dates back to 2017, when it issued a formal demand to examine potential fraud. While this proposed settlement would mark a major step toward resolution, Semler’s filing noted that a finalized agreement with the agency is not yet guaranteed.

Financial educator, author of Rich Dad, Poor Dad, and investor Robert Kiyosaki recently forecasted a $1 million Bitcoin price by 2035 as the US dollar continues to lose value to inflationary monetary policies.

"I strongly believe, by 2035, that one Bitcoin will be over $ 1 million, Gold will be $30,000, and silver $3,000 a coin," Kiyosaki wrote in an April 18 X post.

Kiyosaki, a self-described gold bug, has long argued that bearer assets like gold, silver, and more recently Bitcoin, are critical hedges against inflation and key to long-term generational wealth accumulation through economic cycles.

The U.S.'s next major crypto exchange may have a familiar name.

Charles Schwab Corp. CEO Rick Wurster, who assumed the position in January, has pursued offering spot crypto trading support to the financial services firm's clients, predicting a change in the U.S. government's crypto regulatory environment. On a recent earnings call, Wurster laid out a more solid timeline for the company's crypto efforts. 

"Our expectation is that with the changing regulatory environment, we are hopeful and likely to be able to launch direct spot crypto [trading] and our goal is to do that in the next 12 months," Wurster said. 

Schwab reported a surge of 40% in quarterly profits on the call as investors rebalance their portfolios amid the volatile market environment. Some of those investors may be looking to invest in crypto, according to Wurster. "We saw a 400% increase in traffic to [Schwab's crypto site] recently, 70% of whom were prospects," Wurster said. 

"As I’ve said numerous times in past, spot crypto trading will be table stakes for every major brokerage," ETF Store president Nate Geraci said on X in response to the news. 

A Schwab study from last October found that Millennials demonstrated the highest level of interest in cryptocurrency ETFs compared to other asset classes, like bonds and international equity. Schwab also previously backed EDX Markets, a crypto exchange also backed by Citadel and Fidelity. EDX recently announced a strategic partnership with digital asset trust company BitGo. 

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Dogecoin still remains capped at the $0.15 level with its price trading at $0.158, having decreased 0.35% in 24 hours and 2.02% in the last week.

Various attempts to pierce key levels have been unsuccessful, with prices going as low as $0.149 before recovering marginally. Market observers indicate that these short-term setbacks could be a prelude to monumental price swings in either direction.

Possible 40% Fall Before The Huge Rally

A fresh analysis published on TradingView by SwallowAcademy indicates Dogecoin might see a dramatic drop before any significant price increase. The analyst looked into DOGE’s price action compared to Tether (USDT) on daily charts, where the meme coin has been known to be extremely volatile.

Their plots indicate a sudden spike in the beginning of 2024 followed by a decline from highs around $0.23, then another downslide to $0.09 mid-year before recovering above $0.45.

SwallowAcademy thinks that the same trend may develop in 2025. However, their prediction is that Dogecoin may decline another 40% to around $0.09, creating a zone of support before, possibly, skyrocketing 400% to $0.45. The price stands at over $0.15 currently, and the analyst is holding out for the anticipated drop to $0.09.

The ‘False Break’ Pattern – What It Means

A standalone analysis by Trader Tardigrade indicates Dogecoin’s initial “false break” since December 2024. The cryptocurrency has, in general, traced a downtrend of lower highs and lower lows, which are common bearish market indicators. After dropping to $0.13 on April 7, though, the price did bounce briefly before declining once more.

Trader Tardigrade reads this as a “false breakdown” – potentially indicating the end of the downtrend. With prices remaining above the support line for a few days, this pattern may indicate an imminent bullish reversal. Based on their analysis, Dogecoin may aim for $0.42 if the reversal occurs.

A recent report from the Bank for International Settlements (BIS) has sparked backlash from crypto industry figures after recommending a stronger regulatory approach focused on containing the risks of crypto as its connections to the traditional finance industry deepen. 

The report, titled "Cryptocurrencies and decentralised finance: functions and financial stability implications," presents an overview of the current state of DeFi, noting its deepening ties to the financial industry through developments like crypto ETFs and real world asset tokenization. 

"In terms of prudential regulation, the objective is to make sure that the risks that may be generated by crypto and DeFi do not spill over to crucial parts of TradFi and the real economy, and hence a 'contain' approach is warranted," the paper's authors write. The paper notes that an outright crypto ban would not be "either desirable or feasible." 

The report identifies several risks resulting from "externalities" — costs (or benefits) of a certain market behavior to an unrelated third party. The paper's authors argue that despite crypto's transparent structure, information asymmetry may persist. "Given the novelty of crypto and DeFi, it is complex for consumers to differentiate across products on the basis of their quality in the DeFi space...Indeed, outright scams can persist (and have persisted) for long periods in crypto and DeFi," they write. 

Though the report acknowledges crypto is more transparent than the traditional financial industry in some ways, "...the anonymous nature of the blockchain reduces reputational risk, as participants’ actions are not linked to real world identities, increasing the incentive to take larger risks," the authors argue. 

As DeFi continues to integrate more with the traditional financial system, performing similar tasks, the industry should be subject to similar regulations, the authors argue. "This may include enacting appropriate disclosures, imposing know-your-customer requirements on operators and enforcing minimum standards of professional qualification," the report states. 

'Completely uninformed and frankly, dangerous'

The report's publication spurred harsh criticism from certain crypto industry figures, including Christopher Perkins, president of crypto VC firm CoinFund, who called the report's recommendations "completely uninformed and frankly, dangerous." 

In a post on X, Perkins excoriated the report's conclusions. "Many of their recommendations and conclusions—perhaps due to a mix of fear, arrogance or ignorance—are completely uninformed and frankly, dangerous," Perkins wrote. "If implemented they will cause—not mitigate—the systemic risk they seek to prevent."

Perkins also pushed back on the paper's assertion that DeFi's structure leads to information asymmetry for users. "Open source, transparent code—that performs as it is coded—is a significant improvement over the opacity and asymmetries of the current system," Perkins said. 

Curve founder Michael Egorov's response was more simple: "Boycott this sh-t," Egorov wrote in response to the paper's regulation recommendations. 

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

SHIB team’s marketing lead known under the pseudonym Lucie has taken to her account on the X social media platform to talk to the SHIB community about scammers and things that are necessary to oppose their attacks.

She warned the SHIB army to steer clear of scammers and revealed “the only real weapon” to be used against them. Lucie also clarified why the SHIB team often prefers not to respond to FUD (fear, uncertainty, doubt) attacks undertaken against them and the whole SHIB ecosystem.

"Only real weapon" against scammers

Lucie reminded the community that “scammers thrive on hype” and chose only the uninformed as victims. Therefore, she believes, the only real weapon against them is educating oneself in crypto. Thus, it is vitally important to “learn, research and move with purpose.” Lucie rushed to add that there are “no shortcuts in crypto — just strategy and strength.”

“In the state of trenches we’re living in, education is the only real weapon,” she tweeted. All the trends that are currently dominating the crypto space and all the “noise” made by projects that surround themselves with hype will not last long, she added, since “only solid, time-tested investments will survive the storm.”

Occasional lack of reaction to FUD from SHIB team

Another topic touched on by Lucie was the occasional lack of response from the SHIB team to those who spread FUD against them, Shibarium and the whole SHIB ecosystem.

The SHIB marketing lead said that if it happens, it is not because they are shy or have nothing to respond with, but it is because they “don’t consider organized attacks worth our energy.” If they do respond, Lucie clarified, it happens by issuing official social media posts and “not by engaging with random attention-seeking FUD.”