Subject: 🦎🚀 Doodles Holders Clapping Along 👏🏼

Don't miss out on the juiciest news in the crypto space! Stay in the loop to ensure that you receive our latest newsletters, right in your inbox!

Have a wonderful Wednesday, Geckos!


Has the Stock-to-Flow (S2F) model for Bitcoin been wrong all along?


Ethereum’s co-founder Vitalik Buterin criticized the Bitcoin Stock-to-Flow model as being harmful to investors as it is oversimplified and gives a false impression of certainty.


The Bitcoin Stock-to-Flow model created by Plan B has been accurate in tracking the price of BTC for the most part. Up until recently, Bitcoin’s price has decoupled from the trendline on the model.


In today’s news, Pharell Williams joins Doodle NFTs, BlockFi gets a bailout, and Cardano’s Vasil hard-fork gets delayed.


Read on!

24h Hot Searches Worldwide 


  • MintMe.com Coin          (-2.5%)

  • Celsius Network            (-20.9%)

  • Zignaly                            (-17.8%)

  • Scallop                           (+13.9%)

  • GMX                                 (-5.1%)

  • SUKU                               (+1.8%)

  • Shiba Inu                       (+12.5%)


While DeFi continues to chug along, a bumpy road to a truly decentralized governance system lies ahead. Frax continues BUIDLing through the bear market, while the pain points of on-chain governance show themselves. Meanwhile, 'depeg szn' continues.


Read our latest Altchain Update article to learn more!


You can also read our other articles for the week:

We see an ever-increasing rise in blockchain technologies in the space. With that rise comes Polkadot, the Internet of blockchains. Today's video covers what Polkadot is, its ecosystem, and how it aims to revolutionize the space with its parachains!


What is Polkadot?📺 

Here's a preview of our latest Gecko Ramblings! 🦎



The Odyssey Begins


The Arbitrum Odyssey has officially begun! For the next 8 weeks, users can perform tasks within the Arbitrum ecosystem to earn exclusive NFTs.


For Week 1, users will have to bridge ETH into Arbitrum using one or some of the selected bridges here to qualify for the NFT. If you happen to use the bridge that gets the highest volume at the end of the week, you will get a bonus NFT!
  
Gecko Ramblings delivers the latest alphas, insights & juiciest farms, right to your inbox, exclusively for Premium+ subscribers!

Disclaimer: The information presented is not financial advice from CoinGecko. The information shown here may carry risks of smart contract failure and impermanent loss. Always DYOR and only invest what you are willing to lose.

Doodles NFT Holders Happy


Pharell Williams joins Doodles NFTs as Chief Brand Officer and will lead the project’s direction in music, artworks, consumer products, animation and events. Williams also said that he is a “big fan” of the project.


Williams will also be the executive producer for an album featuring Doodles-inspired music named: “Doodles Records: Volume 1”, released in partnership with Columbia Records. The album will feature “major recording artists” and artwork from Doodles artist Scott “Burnt Toast” Martin.


The Doodles will be available for streaming but only sold as NFTs bundled with additional, to-be-specified NFTs.


Decrypt

FTX bails out BlockFi


FTX comes to the rescue after BlockFi struggles to close a fresh round of venture funding.


BlockFi was one of the firms that liquidated a loan from crypto hedge fund Three Arrows Capital after the fund failed to meet a margin call. Just a few days ago, BlockFi announced a 20% cut of its workforce.


According to BlockFi’s CEO Zac Prince, the $250 million credit facility from FTX ‘bolsters our balance sheet and platform strength’. Prince also hinted that the deal could lead to future cooperation with FTX. FTX CEO Sam Bankman-Fried echoed this sentiment in a tweet as well.


CoinDesk

Cardano Devs Admit Upgrade Delay Is Disappointing


Cardano’s long awaited Vasil hard fork is now set to arrive in the last week of July as opposed to the original date on June 29.


IOHK’s head of delivery Nigel Hemsley noted that the team working on the upgrade is very close to finalizing the upgrade. Although they still have seven bugs to work on, none of these are categorized as “severe”.


The Vasil upgrade is the most complex integration on the Cardano blockchain to date. It is touted to provide “massive improvement to Cardano” and its smart contract capabilities, according to Cardano co-founder Charles Hoskinson.


CoinTelegraph

eToro combines crypto with the power of community. Share investment ideas, get real-time market insights, and seek advice on social feeds. All on one intuitive user interface. Better yet, copy the moves of successful traders for free using CopyTrader™, and allocate funds automatically with CopyPortfolios. Get started today and join 2520 million registered users on the world's leading social trading platform.

Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.


Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.


68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

⚙️Protocol of the Day
 

Basic Attention Token


Basic Attention Token, also known as BAT, is a utility token that can be earned by users through browsing the internet via the Brave browser. Content creators can be paid through tips with BAT after signing up as a verified content creator on Brave Rewards.

Track us everywhere.

Stay connected with us.

Follow us on social media & share our newsletter

and be rewarded with some CoinGecko goodies!