MOG Coin Surges on Ethereum as Tech Elites Back ’Mog/Acc’ Movement
MOG Coin, a memecoin available on Ethereum and Base, is experiencing significant growth as high-profile figures like Elon Musk and Garry Tan embrace the ’mog/acc’ movement. This trend combines internet slang for dominance with a philosophy pushing for rapid tech progress, driving a 130% price surge in 30 days.
MOG Coin Gains Traction as Tech Elites Embrace ’Mog/Acc’ Movement
MOG Coin, a memecoin available on Ethereum and Base, is rallying as influential figures like Elon Musk and Garry Tan adopt the ’mog/acc’ identity. The term blends ’mogging’—slang for superiority—with accelerationism, a philosophy advocating rapid technological advancement. Prices have surged 11% this week, with 30-day gains exceeding 130%.
The movement has spilled beyond crypto circles, with techno-optimists flaunting Pit Viper sunglasses as their X profile pictures. This visual meme has become a badge of allegiance to the mog/acc ethos, further amplifying MOG’s visibility.
Ethereum Pectra Upgrade Goes Live with Smart Accounts and L2 Enhancements
Ethereum’s Pectra upgrade launched on May 7, 2025, at epoch 364032, introducing three key Ethereum Improvement Proposals (EIPs) designed to improve network efficiency and user experience. EIP-7702 enables smart accounts, allowing standard Ethereum accounts to function like smart contracts, while EIP-7251 and EIP-7691 focus on validator flexibility and Layer 2 scaling improvements.
The upgrade doubles data storage capacity for Layer 2 solutions and enhances validator operations. Community members are monitoring the rollout for potential issues over the next 24 hours. The changes aim to reduce friction for users and developers, reinforcing Ethereum’s position as a leading smart contract platform.
Ethereum Ready to Break $2,100? Here’s What You Need to Know About Its Recent Rise
Ethereum, the second-largest cryptocurrency by market cap, has shown signs of recovery after a prolonged period of stagnation. Crypto analyst Michael van de Poppe suggests a bullish trajectory, with a potential breakout to $2,100 in the coming weeks.
The rebound from the $1,740–$1,837 support range signals strength, despite $17.9 million in outflows from Ethereum ETFs. Market sentiment appears undeterred, focusing instead on technical resilience and broader crypto momentum.
Ethereum Breaks Out of Sideways Trend as Market Sentiment Turns Bullish
Ethereum has surged past its prolonged consolidation range of $1,740-$1,837, signaling renewed buyer interest. The breakout follows key market developments including the Fed’s impending rate decision and Ethereum’s Pectra upgrade. Analysts now eye a test of the $2,105 resistance level as the next potential milestone.
Market observer Michaël van de Poppe notes the significance of ETH holding above its former support zone. The swift recovery from April lows demonstrates strong underlying demand, though short-term pressure may emerge from a $17.9 million outflow in Fidelity’s Ethereum ETF.
Trading volume shows signs of contraction despite the price appreciation, creating potential divergence concerns. The market appears to be betting on Ethereum’s fundamentals improving with upcoming network upgrades, even as macroeconomic uncertainties persist.
Ethereum’s Next Move: Why Investors Should Watch the $1,800 Line Closely
Ethereum is testing a critical technical threshold as it forms a symmetrical triangle pattern around the $1,800 support level. The outcome of this consolidation could determine the next major price movement for the world’s second-largest cryptocurrency.
Network fundamentals are strengthening alongside price action. The Pectra upgrade, featuring EIP-7002 and EIP-6110, promises significant enhancements to Ethereum’s efficiency, security, and scalability. These improvements reinforce Ethereum’s position as infrastructure powering smart contracts, NFTs, and decentralized applications.
For financial professionals, understanding both the technical patterns and network developments creates opportunities to guide clients through this pivotal phase. The $1,800 level now serves as a litmus test for market sentiment.
NY Attorney General Sought SEC Declaration on ETH as Security During KuCoin Case
New York State Attorney General Letitia James’ office pressed the U.S. Securities and Exchange Commission to formally classify Ethereum’s ether (ETH) as a security during last year’s enforcement action against crypto exchange KuCoin. The revelation comes from SEC documents obtained by Coinbase through a Freedom of Information Act request.
Shamiso Maswoswe, head of the AG’s Investor Protection Bureau, explicitly requested SEC intervention in the KuCoin litigation via an amicus brief supporting the security designation. "We would like to request that the SEC file an amicus in support of the argument that Ether is a security," Maswoswe wrote in the disclosed communication.
The regulatory gambit underscores the escalating jurisdictional tensions surrounding cryptocurrency classification. While the SEC ultimately declined to file the brief, the correspondence reveals state regulators’ strategic efforts to leverage federal securities laws in crypto enforcement actions.
