The purpose of the additional layer is to give Dogecoin's network smart-contract functionality, so developers could build decentralized apps and incorporate things like gaming into the Dogecoin ecosystem. Given the network's strong following, these features could prove to be popular and increase demand for Dogecoin.But Dogecoin's vibrant community has kept the token relevant, and Dogecoin tends to swing with the broader crypto market. The network could gain more utility over time. MyDoge, which creates a fr ...

Market Overview - Markets experienced a rise due to softer-than-expected inflation figures, with September inflation increasing by 3% year-over-year and core inflation easing to 3.0%, leading to expectations of potential Federal Reserve rate cuts [1][2] - Major indexes reached new all-time highs, supported by strong earnings from the auto sector [1] Bullish Stocks - Beyond Meat Inc. (NASDAQ:BYND) saw a stock surge of over 24% after a debt swap that eliminated approximately 97% of old notes, significantly reducing near-term bankruptcy risk, although existing shareholders faced heavy dilution as bondholders now own about 81% of the company [3] - Intel Corp. (NASDAQ:INTC) reported Q3 earnings that exceeded estimates with $13.65 billion in revenue and $0.23 adjusted EPS, driven by increased demand for compute due to AI advancements [4] - Alphabet Inc. (NASDAQ:GOOG) shares rose after Anthropic announced plans to expand its use of Google Cloud technologies, securing access to over 1 million TPU chips and more than 1 GW of capacity, reinforcing Alphabet's leadership in AI and cloud [5] Bearish Stocks - Newmont Corp. (NYSE:NEM) reported Q3 revenue of $5.52 billion and $1.71 EPS, but faced a 4% decline in production to 1.42 million ounces and a decrease in gold grades, leading to a stock slip despite strong cash flow due to future headwind concerns [6] - AST SpaceMobile Inc. (NASDAQ:ASTS) shares fell after announcing a $500 million convertible note offering, raising concerns about dilution and financing risks among investors [7] Industry Trends - The Invesco WilderHill Clean Energy ETF (NASDAQ:PBW) has increased by 44% year-to-date, outperforming both the VanEck Semiconductor ETF (NYSE:SMH) and NVIDIA Corp. (NASDAQ:NVDA), despite challenges from the Trump administration's efforts to roll back clean-energy tax credits [8]

Dave Sparrow, the CEO of plant-based food business The Vegan Food Group in the UK, has stepped down. Sparrow took on the role at Vegan Food Group (VFG) in January 2024, according to his LinkedIn page, switching from the CEO position at VFC Foods, the business’ forerunner before a change in corporate identity. Veganuary founder Matthew Glover set up VFC Foods in 2020 with his co-founder Adam Lyons. However, filings with Companies House in London show Lyons has recently resigned, joining Sparrow and a numb ...