Netflix Director Bets $4M Show Budget on Dogecoin, Rakes in $27M
Netflix director Carl Erik Rinsch diverts $4 million from Conquest series budget to invest in Dogecoin, yielding a $27 million windfall, prompting a $14 million dispute with Netflix.

Netflix director Carl Erik Rinsch diverts $4 million from Conquest series budget to invest in Dogecoin, yielding a $27 million windfall, prompting a $14 million dispute with Netflix.
MATIC, the native cryptocurrency of Polygon, has recently gained traction, showing a 50% increase in price surge in the last 20 days, amid the optimistic trend circling the cryptocurrency market due to the recently finished Uptober rally.
Bitcoin saw a double rally today, pushing its price beyond $35,000 after an earlier surge past $31,000 on Monday morning, marking the highest point of the cryptocurrency in 2023.
Ark Invest has raised $16.3 million for a crypto fund split across versions in the U.S. and the Cayman Islands. Filings were released days after Ark added roughly $30 million in Coinbase shares to its funds over the last month, and roughly $13.7 million in Block shares in the last week.
Ethereum had entered a period of reversal after hitting $2,000 following the announcement of the date for the Merge.
The ETH price stalls following a week of gains, leading analysts to call for a pullback in the short term followed by a rally into September when the mainnet Merge is predicted to occur.
Changes in the macro environment have reduced the pressure on risky assets, and there are also views that predict that the market will surrender Bitcoin at a price of $14,000, giving Bitcoin shorts "anesthetic hope."
The price of BTC fell to an intraday low of $45,672. Analysts said that a classic technical analysis pattern and on-chain data point to a strong fall back to $40,000.