According to Fox News, a DOGE hearing concerning trans athletes in women's sports descended into chaos, causing heightened volatility in Dogecoin (DOGE) trading as market participants reacted swiftly to the news (source: Fox News, May 7, 2025). Short-term price swings were observed as traders speculated on potential regulatory or public sentiment shifts that could influence the broader crypto industry, especially meme coins like DOGE. The event highlights how non-financial news tied to cryptocurrency branding or public perception can trigger immediate trading volume spikes and temporary price corrections in high-profile assets such as Dogecoin.

According to Eleanor Terrett on Twitter, the SEC has officially postponed its decision on the Bitwise DOGE ETF application, setting a new deadline for June 15 (source: sec.gov, Eleanor Terrett). This delay introduces short-term uncertainty into Dogecoin (DOGE) trading, as ETF approval could drive significant inflows and volatility. Traders should closely monitor regulatory updates and prepare for potential price swings leading up to the new decision date. Historical precedent with other crypto ETFs suggests increased market activity as deadlines approach (source: sec.gov).