Key Notes

Dogecoin rose 9% to lead the top 10 cryptos, driven by ETF optimism and heavy derivatives activity.

Open interest surged 13.16% to $3.82B, signaling aggressive speculative positioning beyond spot market gains.

Polymarket data shows ETF approval odds up 5%, further fueling bullish sentiment and trading volumes. .

Dogecoin surged 9% on Saturday, August 9, rising above the $0.25 level for the first time in 14-days dating back to July 27. Dogecoin outpaced Ethereum to emerge as the best performer among the top 10 cryptocurrencies by market cap.

The Dogecoin price rally was fueled by a combination of ETF-related optimism and a sharp increase in speculative trading activity.

Dogecoin ETF Approval Odds as of August 9, 2025 | Source: Polymarket

Market sentiment improved foll

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