• Specs News
  • Posts
  • 2/14/25: Doodles Drops $DOOD, It's Not All Rainbows 👀🌈🏦✌️

2/14/25: Doodles Drops $DOOD, It's Not All Rainbows 👀🌈🏦✌️

Top News

  1. Doodles launches $DOOD token on Solana, sparking debate

  2. Barclays buys $131M in Bitcoin ETFs as banks pile in

  3. Frank confirms he’s stepping away from DeGods

Specs’ Insights

1. Doodles launches $DOOD token on Solana, sparking debate

⌐◪-◪ → Doodles pivots back to Web3 with $DOOD

Doodles just announced $DOOD, its official token launching on Solana with a future bridge to Base. The token has a 10B supply, with 68% allocated to the community—but no word yet on how or when it'll drop.

This has sparked a major debate.

On one hand, this feels like Doodles finally embracing Web3 after years of corporate plays (Pharrell, Crocs, etc.). But on the other, some see it as a last-ditch effort—a cash grab disguised as a "community token."

The biggest question? Why Solana. Doodles is the latest Ethereum blue-chip to launch on SOL instead of an L2 like Base. Some call it a smart move, capitalizing on Solana’s memecoin-fueled liquidity. Others say it’s proof that ETH-based NFT projects are jumping ship.

Either way, $DOOD will be a massive test for Doodles. Will it actually create long-term value, or will it be just another airdrop that gets farmed and dumped?

2. Barclays buys $131M in Bitcoin ETFs as banks pile in

⌐◪-◪ → Banks are becoming Bitcoin whales.

Barclays, a $1.6T megabank, just disclosed a $131M investment in BlackRock’s iShares Bitcoin Trust (IBIT), marking yet another major TradFi institution stepping into Bitcoin.

They aren’t alone. Bank of Montreal, Canada’s third-largest bank, also upped its Bitcoin ETF holdings from $13M to $150M—a massive 10x increase.

The trend is clear: banks, pension funds, and institutions are rapidly accumulating Bitcoin exposure.

First it was hedge funds, then corporations, then ETFs. Now the banks themselves are stacking.

The real question: when do we start seeing actual Bitcoin reserves on their balance sheets?

3. Frank confirms he’s stepping away from DeGods

⌐◪-◪ → Frank is leaving DeGods, and people are salty.

Frank, the founder of DeGods, just confirmed he’s stepping back from the project—sending the community into a meltdown.

For years, Frank built up a diehard fanbase—only to pivot into memecoins, leaving DeGods feeling like an afterthought. Now, his old community is calling for him to sell the project to someone who actually cares.

Some takes from Crypto Twitter:

  • "He spent 18 months building a community that loved him, then the next 2 years tearing it down."

  • "Now, the only ones who engage with him are hoping he'll pump their bags or shill their ticker."

  • "He’s surrounded by mercenaries. There’s no real support anymore."

Frank says he’s being unfairly targeted, but the community feels abandoned. They put their faith in him—only to get rugged when the market turned.

I get both sides. Founder burnout is real, but if I were a diehard DeGods holder, I’d be pissed. This is a textbook example of key-man risk—when a project hinges too much on one person.

Honestly, I never followed this drama, but it’s wild to see how much this has ruffled feathers.

Everything Else

⛓️ Crypto & DeFi

  • BitVM receives a major upgrade

  • Ethereum devs release client software for Pectra upgrade

  • Story Protocol launches to let people register IP and get paid

  • X Money expected to be crypto-ready by end of year

  • MetaDAO hires Futarchy creator Robin Hanson as advisor

  • Crypto scams from AI and ‘pig butchering’ schemes likely grew in 2024

  • Midas introduces yield-bearing tokens linked to DeFi funds

  • Myshell Token supported with MEV-free trading and no impermanent loss

  • ZKsync governance will explore value accrual mechanisms

  • HTX DAO celebrates its first anniversary with explosive growth

  • Telegram wallet now supports zero-fee $USDT purchases

🏦 Wall Street & VC

  • Tether CEO says 'salty' JPMorgan analysts ignore $20B group equity

  • Barclays holds $131M in BlackRock Bitcoin ETF

  • Coinbase Q4 revenue surges to $2.3B as Bitcoin booms

  • Coinbase 2024 revenue hits $6.1B, doubling from 2023

  • GameStop is considering investing in BTC, stock pumps

  • Zoom should embrace Bitcoin, Semler chairman says

  • Robinhood Q4 earnings beat could signal gains for Coinbase

  • Bernstein doubles Robinhood price target after crypto-led Q4 revenue

  • DeFi.app raises $4M at $100M valuation, backed by Cobie’s Echo

  • Plasma raises $20M in Series A led by Framework Ventures

  • Plasma raises $20M to develop Bitcoin-based network for stablecoins

🏛️ Legal & Regulatory

  • Coinbase CEO predicts crypto will make up 10% of global GDP in 2030

  • Michigan joins US states proposing crypto investments

  • Texas strategic BTC reserve bill is scheduled for a public hearing

  • Grayscale XRP ETF proposal acknowledged by SEC

  • HashFlare co-founders plead guilty in $577M crypto Ponzi scheme

  • US Border Patrol expands Bitcoin mining machine seizures

  • Binance $1.5B fine accounted for almost all of DOJ’s record-setting 2024

  • NYC prosecutor behind Sam Bankman-Fried case resigns

🌎 Rest Of The World

  • Bukele and Saylor discuss Bitcoin Strategy amid regulatory shifts

  • Hong Kong eyes leadership as Asia’s crypto hub

  • South Korea to start lifting ban on corporations trading crypto

  • Bybit removed from France’s AMF blacklist, pursing MiCA license

  • Tether acquires stake in Football Club Juventus

  • HashKey Group gets $30M investment from Gaorong Ventures

🖼️ NFTs & Metaverse

  • Bitcoin $100k jackpot won from $50 trading card pack

  • Elon Musk says new AI chatbot is ‘scary smart’ and coming soon

  • CZ triggers ‘Broccoli’ memecoin frenzy as BNB DEX volumes surge

  • OpenSea volume flips Blur head of $SEA airdrop

  • Valko is building a game of Kings, a game of Fools

Join Our Community!

Designed to make you a better crypto investor, builder, and operator.

💬 Chat with Valko and other experts
📚 Access additional hand-curated resources
😊 Make friends, share memes, have fun