Welcome to the HODL FM weekly digest, here’s a cheers to all the good things that happened this week.

Top Gainers and Losers of the Week

Gainers

  • BRETT (BRETT) week-to-date gains are 83.91% reaching a price of  $0.1744.
  • Hedera (HBAR) week-to-date gains are 37.50% reaching a price of $0.07131.
  • Ripple (XRP) week-to-date gains are 50.16% reaching a price of $0.827.

Losers

  • ORDI (ORDI) week-to-date losses are 83.91% reaching a price of  $0.1744.
  • Neiro (First Neiro On Ethereum) week-to-date losses are 83.91% reaching a price of  $0.1744.
  • Dogwifhat (WIF) week-to-date losses are 83.91% reaching a price of  $0.1744.

Doodles Collab with McDonalds Pumps Up Action on Doodles NFTs

Doodles, the IP-driven NFT project built by former Dapper Labs team members, is rallying after McDonald’s, the largest fast food chain in the world, teased a collaboration with the project.

Next-Gen entertainment company Doodles has collaborated with the world’s largest fast food franchise, McDonalds leading to positive action on Doodles’ NFTs.

As a result, the floor price and the daily trading volume of the NFTs doubled within 24-hours, surpassing 2.6 ETH and 740 ETH respectively. Figures that are way as high as the Bored Ape Yatch Club (BAYC) and Pudgy Penguins combined.

Doodles has risen to become one of the NFTs space most successful projects when it comes to collaborations, some of its partners include the likes of Crocs, musician Pharrel Williams and Adidas.

Dogecoin Might Be Warming Up for a Wallstreet Debut, Promises Dogecoin ETFs

Investment asset managers are already filing applications for other crypto-related ETF products following the successful approval and staggering performance of Bitcoin ETFs.

With sufficient regulatory clarity in the United States for digital assets, the approval of a Dogecoin ETF is possible. And given that asset managers are already pursuing spot ETFs for Solana, Ripple and Litecoin, a memecoin ETF gets all the more closer to reality.

As per Rayhaneh Sharif-Askary, the Head of Product and Research at Grayscale believes DOGE is an outstanding meme token thanks to its leading position across crypto, media and entertainment. Aside from that, it also performs well as a peer-to-peer currency. 

In one of its Q4 reports, Grayscale mentioned that a Dogecoin ETF under its portfolio was imminent and under consideration.

Silk Road founder Trusts Trump to ‘honor his pledge’ for commutation

Ross Ulbricht, the founder of Silk Road has his trust on President Elect Donald Trump to fulfil his pledge of commuting his sentence. Ulbricht is currently serving life imprisonment at a federal prison in the U.S after he was sentenced but with chances of parole.

Ulbricht’s conviction was on counts of money laundering, conspiracy for trafficking narcotics and computer hacking. Majority of the crypto community have been calling upon the President elect to pardon Ulbright since his imprisonment, and while he did pledge to do that if re-elected in the 2024 election, a poll by PolitiFact on Trump’s previous terms shows he partiarly kept approximately only 27% of his campaign promises.

Italy scales back plans to hike crypto tax rate: Report

Looks like Italy’s giving crypto holders a bit of a breather. The government is reportedly planning to set the country’s crypto capital gains tax at 28%, down from the originally rumored 42%. Not exactly a win, but better than the 26% hike that was floated earlier.

Bloomberg dropped the news on Nov. 12, citing insiders close to the matter. Prime Minister Giorgia Meloni’s government seems ready to roll with the 28% rate, with Economy Minister Giancarlo Giorgetti backing the move as recently as Halloween.

What’s not clear is why Italy decided to ease up on the tax hike. Could it have something to do with the U.S. elections, where pro-crypto candidates had a good run? Maybe, since crypto prices have been climbing since then.

Litecoin Turns Generous

Solana-based meme token Litecoin Mascot (LESTER) has soared to a $120 million market cap within 48 hours of its debut, fueled by social media hype and listings on major exchanges like Gate.io. The token surged over 700% in 24 hours, with trading volumes surpassing $164 million, according to GeckoTerminal.

LESTER's rise began after Litecoin humorously embraced a "memecoin" identity, prompting Dogecoin and top meme creators to amplify the buzz. Born as a simple stick figure meme, Lester has captured the crypto community’s imagination, driving both its and Litecoin’s momentum.

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