Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.
Top Stories This Week
SBF and Alameda step in to prevent crypto collapse contagion
Sam Bankman-Fried stated on June 20 that his firms Alameda Research and FTX would be “stepping in” to help companies with liquidity troubles amid the current bear market. Over the course of the week, Alameda dished out a loan of roughly $500 million to Voyager Digital, which is suffering from exposure to the potentially insolvent Three Arrows Capital, while FTX supplied BlockFi with $250 million worth of credit.
New video revives debate over Bored Ape Yacht Club’s alleged ‘racist’ imagery
YouTuber Philip Rusnack, known as Philion, published a video this week on Yuga Labs’ Bored Ape Yacht Club nonfungible token (NFT) project, arguing that the team has embedded alt-right inside jokes, Nazi imagery and racist caricatures of Black and Asian people in the artwork depicted in the tokenized avatars. Such a notion has been a long-running conspiracy theory in the NFT community, and while many people laugh it off, others take the supposed evidence as gospel.
‘Bitcoin dead’ Google searches hit new all-time high
With Bitcoin crashing back down to the lower $20,000s, Google searches for “Bitcoin dead” spiked in the week of Friday, June 18, and hit some of the highest levels on record. Google Trends tracks search interest over time and assigns scores of 1 to 100 based on the total number of user searches. During this period, “Bitcoin dead” achieved a perfect score of 100.
Bitcoin S2F model gives false sense of certainty, says Vitalik Buterin
Ethereum co-founder Vitalik Buterin has critiqued the stock-to-flow (S2F) model popularized by pseudonymous investor PlanB. The BTC-focused S2F drew significant attention during the bull run last year, as it went on…