Bitcoin Drops to 10-Month Low, Doodles NFT Names CEO

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“Media and entertainment brand” Doodles NFT has named a high-profile personality as CEO and partner.

Julian Holguin, former chairman of Billboard, has joined the company behind a collection of 10,000 NFTs co-founded by digital artist Burnt Toast and Web3 pioneers Evan Keast and Jordan Castro.

Launched in October 2021, it counts Justin Bieber and Snoop Dog among its collectors.

Holguin’s goal is to intensify the growth and expansion of the mainstream music, culture and entertainment market, including games.

He oversaw Billboard’s transformation from a B2B trade publication into a consumer-facing music brand.

“I couldn’t be more excited to join Evan, Jordan and Scott on this journey. What they were able to accomplish and how they innovated in such a short time is truly remarkable,” he said.

“Doodles has already shown that a blockchain-based media business can and will fundamentally change the way we interact with and value content. I look forward to helping make Doodles one of the next big brands in the world and pushing blockchain and NFTs into the mainstream market.

Doodles says it secures some of the most renowned artists in the world and expects to onboard millions of new crypto users.

YouTube Web3 Channels Removed

Three educational Web3 channels have been shut down by YouTube, allegedly without prior warning.

Ethereum-focused Bankless, which had 150,000 subscribers to its newsletter and podcast channel, had over 10,000 hours of content.

Among those featured on the channel was Ethereum co-founder Vitalik Buterin.

Gabriel Haines.eth and Optimism Collective were also shut down.

Cryptocurrency Shorts

An apartment in Braga, Portugal was sold for three bitcoins. This is the first transaction under new regulations in the country. The deal for the two-bedroom property was worth $110,000 at the time, but following Bitcoin’s rapid decline in value, it is now worth just over $100,000.

NFT investments made by collectors in 2022 now stand at $37 billion, almost the level of the 2021 total.

Crypto Price – Bitcoin Drops to 10-Month Low

The aggregate market cap of over 19,300 coins is $1.54 trillion, up from 1.68 tr on Friday morning.

Bitcoin market leader – ta original cryptocurrency created by the mysterious Satoshi Nakamoto – dropped $3,000 over the weekend to $33,500 at time of writing (7am UK). BTC is down 14% in one week.

Ethereum, the second most valuable crypto coin – created as an announcementdecentralized network for smart contracts on the blockchain – lose $300 to around $2,450. ETH is down 15% in a week.

Binance Coin is a cryptocurrency created by popular crypto exchange Binance to help it become the infrastructure service provider for the entire blockchain ecosystem. Its BNB token lost $33 to $346, leaving it down 12% over seven days.

Ripple’s XRP token, a payment settlement asset exchange and remittance system, acts as a bridge for transfers between other currencies. XRP fell more than 4 cents to 56.5c, leaving it down 9% over seven days.

Solana is a blockchain designed to make decentralized finance accessible at scale – and capable of processing 50,000 transactions per second. His SOL token sold $10 at $74 and is down 18% from a week ago.

Cardano is an open-source network facilitating dApps that sees itself as an updated version of Ethereum. Its ADA token, designed to allow owners to participate in the operation of the network, fell from 9c to 70vs. It is down 11% in a week but overtakes Terra in the market cap valuation chart.

Terra, described as a programmable currency for the internet, fell $20 to less than $62. Its LUNA payment token is 26% lower than its price a week ago.

The Meme DOGE coin was created as a satire on the hype surrounding cryptocurrencies, but is now a major player in the space. DOGE fell from less than 1c to 12c, leaving it down 9% in a week.

Avalanche, a lightning-fast verifiable platform for institutions, businesses and governments, came out of nowhere months ago to break into the top 10 currencies. His The AVAX token dropped from $9 to under $51 and was down 16% in one week.

Polkadot was founded by the Swiss-based Web3 Foundation as an open-source project to develop a decentralized web. Its DOT token, which aims to securely connect blockchains, fell nearly $2 at $12.87 and is 17% lower than its price a week ago.

To see how the valuations of major coins have changed lately – and for a roundup of recent developments in cryptocurrency news – click here.

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Bitcoin Drops to 10-Month Low, Doodles NFT Names CEO


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