As the week draws to a quiet close, Bitcoin’s (BTC) price remains largely unchanged, dipping 0.7% in the past 24 hours to hover around $59,500. The broader cryptocurrency landscape, represented by the CoinDesk 20 Index, has seen a modest decline of 1.5%. Bitcoin’s descent, which began after last week’s brief rally, has continued, with major exchange-traded funds (ETFs) witnessing net outflows—a clear indication of diminishing demand. As August wraps up, BTC is poised to close the month with an 8% loss, marking its steepest drop since April. The overall growth in Bitcoin demand has remained anemic and has even turned negative in recent weeks.

Amidst this general downturn, Dogecoin (DOGE) has managed to defy the trend, posting a modest gain of nearly 0.7%. This uptick comes after a Manhattan judge dismissed a lawsuit alleging that Elon Musk and Tesla manipulated DOGE’s price through Musk’s influential social media presence and public remarks. The lawsuit referenced Musk’s various statements, including claims of “becoming Dogecoin’s CEO,” putting a “literal Dogecoin on SpaceX and flying it to the moon,” and suggesting that “Dogecoin might become the standard for the global financial system.” However, Judge Alvin Hellerstein ruled that these statements were “aspirational and puffery,” rather than factual, and thus no reasonable investor would have taken them as such.

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In other developments, crypto startup Bridge has successfully raised $40 million in new funding, bringing its total capital raised to $58 million. Founded by former Square and Coinbase employees Zach Abrams and Sean Yu, Bridge aims to create a global payments network based on stablecoins. The startup’s vision is to allow companies to utilize stablecoin rails effortlessly, as Abrams explained in an interview with Fortune. With clients like SpaceX and Coinbase, Bridge is positioning itself as the Web3 equivalent of payments processor Stripe, offering a seamless global payments system that developers can easily integrate into their platforms. Earlier this year, Stripe itself announced plans to introduce crypto payments using Circle’s USDC stablecoin, further highlighting the growing intersection between traditional finance and digital assets.