🐹 Bet On Hamsters. Earn Crypto.

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GM this is Doodhwala, the only crypto newsletter that won’t ask you if you watched Barbie or Oppenheimer this weekend.

(as long as you read the doodhwala 🥲)

Here’s what we got for you today:

• 🐹 Hamster Time: The Hamsters Are Taking Over Crypto!

• 🎨 Opensea SWAP: Opensea Users Are Now NFT Dealers

• 📈 Cheese and Charts: Stablecoins Officially Rekt

• 🛠️ Resourcewala: Crypto Asset Valuations? What’s that?

• 🍼 Doodhshots: FTX Wanted To Buy An Island?

🐹 Dogs → Frogs → Hamsters.

Screw dogs.

Screw frogs.

It’s time for Hamsters now. 🐹

#TeamHamsters

Every few months, the crypto bros are electing a creature to ape their money into. 🤑

And this time it’s → hamsters. You know those furry little rodents that look like rats but because they’ve got brown and white fur, we give them a cute little name like “hamsters.”

But #TeamHamsters in the crypto land has thought this one through.

And it starts with Hamster racing. 🏃

WTF is it? And what’s the hype?

1️⃣ Understanding Hamsters(dot)GG

If there wasn’t enough stupidity in the market already—

There’s a new rodent game that’s here to make you a fortune (or send you into poverty).

Say hello to Hamsters(dot)gg, a betting site where you can place bets. 🏁

It’s like horse betting. 🏇

But with hamsters.🐹

This is the first time Hamsters are being live-streamed to race in a custom-built racetrack.

Real hamsters 🤝 Real bets 🤝 Real people.

The rules are simple:

• Pick a hamster

• Bet on the hamster

• Win crypto if your hamster wins ****

Drink oat milk and lose money if the hamster loses. 🤢

2️⃣ How does one make crypto on this platform?

Step 1: You don’t. 🤡

Participating in this weird game is literally a gamble.🤣

You see the platform allows you to connect your wallet and take bets on certain hamsters.

Hamsters like:

👉 Popcorn.

👉 Charlie

👉 Rocky

👉 Teddy

… and a lot more. (Btw in case you aren’t a hamster racing connoisseur – 4 hamsters race at a time) 🏁

Currently, the biggest bids are happening using BUSD - the stablecoin from Binance. 🤨

The platform, however, allows you to connect any major wallet to it and start taking bets.💯

But good luck making money here—💀

Unless you have some kind of knowledge on how a hamster (whom you have no control of) can walk to the finish line of a box. 🤭

3️⃣ $HAMS token - Better than Hamster Race betting?

The fun hasn’t even begun—

And the degens have entered the party.🤣

The fun part?

While people are busy taking bets on which hamster is going to win—

The Hamster token ($HAMS) has risen over 4,600% in the past 48 hours! 🤯🤯🤯

Holup doodh! 🥛

Are you saying that betting on the token is much better than the hamsters on which the token itself functions on?🤔

Yes. But no.

Coz we don’t control token prices. We ape into meme coins just like that. 💀

But we can fo sho guarantee you that if you make money on Hamster betting - it’s pure luck.

Lost money? That’s on you G.

But look at that fuggin chart tho👇

Se: Tradingview

4️⃣ Bonus: Memes

Hamsters memes are taking over Twitter now! Here are a few we thought were funny af.🤣

💰One Dashboard For ALL Your Crypto

When June moves to July and umbrellas come out, you know what season is approaching right?

It starts with an M.

I’m not talking about Monsoon. ☔️

I’m talking about Money. 💰

Yup, it’s the Money season. For the government.

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🔄 3…2…1…And... SWAP!

OpenSea, the place where we all buy and sell NFTs, just did something really cool.

They called it a "Deal!" 🃏

And it's all about swapping NFTs with each other.

I wish we could swap more things in life, like my Shiba for Bitcoin. 💀

Sorry for the offensive analogy.

So what's the deal about "Deal"? 🌊

This "Deal" by OpenSea is like trading your old Pokemon cards, but now it's all online!

They named it peer-to-peer NFT swaps. 👥

And to make it more fun, they're allowing you to add something called Wrapped Ether (WETH) to make your swap even better. 🍯

So, what’s this WETH we're talking about? 😯

It's Wrapped Ether, an Ethereum token that's equivalent in value to Ether. It's like a candy wrapper, but for your Ether.

Here's how you roll with the Deals:

1. Type in your friend's username, ENS name, or wallet address.

2. Choose up to 30 NFTs you want to swap.

3. Decide if you want to add some WETH.

4. Select the things you're willing to swap.

5. Send your swap offer to your friend.

That's it! 👌

But…

emember this → The NFTs you and your friend want to swap need to be on the same digital platform and from trusted collections. 📜

And guess what...

If you agree to the Deal, you'll have to pay some transaction costs, but there won't be any OpenSea fees or creator fees.

Why is this so cool? 😮

No, you can’t ask for doodh in return for your NFTs.🥛

But ‘cause it makes swapping NFTs easy and safe.

You don't have to worry about risky messages or websites.

Plus, more people can join the fun and swap their NFTs without fear.

Now let’s talk bout a little competition. 🥊

penSea has a strong competitor → Blur.

Blur came into the scene last October and has been going strong.

They even launched their own platform called Blend.

They've got a lot of trading happening there!

But OpenSea isn't backing down. They're ready for a good competition! 💪

Just like I’m ready for my shitcoin to reach the moon and buy my Lambo.

📈 Cheese and Charts: The Stablecoin Stumble

2023 has been the year of the bulls!

Look at our big boys:

• $BTC: Grew a whole lot, by +81%. 💪

• $ETH: Not far behind, it increased by +55%. 🏋️‍♂️

But while these two are growing, the stablecoin market has been going down. 😮

Some people are talking about a big price drop and a slowdown in mining activity. 🌪️

Could we be heading for a big crash, or is this just a little dip before things get even better?

It's a bit like arguing about whether pineapple belongs on a pizza or not. 🍕

In the wild world of crypto, anything can happen.

What do you think? Are we heading for a drop or is this just a speed bump on the road to success?

REPLY and let us know👇

🛠 Resourcewala: Decrypting Crypto Valuations

Crypto. One word. A billion mysteries.

From your next-door neighbour to the Wall Street giant, they're all scratching heads.

Why? Valuations, bro! 💰

Turns out, putting a price on crypto is as easy as finding a unicorn in Bangalore.

The veterans who scoffed at crypto are now racing to pin a value on it.

And you won't be left in the cold. We got you covered with today's resource 'cause we're gonna delve into:

• The rising interest in cryptoasset valuations 📈

• A sneak-peek into the early attempts at crypto valuations 🏹

• Theories, techniques, and yes, a cool bandwidth coin valuation model 🧐

🍼 Doodhshots: FTXs Doomsday Bunker Island

• 🧑‍🤝‍🧑 Couple Trouble: A famous couple from New York who were involved in a bitcoin laundering scam have agreed to plead back the 1,20,000 bitcoins they stole. Divorce incoming?

• 🌀 Another Drain: Another crypto service provider AlphaPo has been hacked and hot wallets with over $23 million have been drained. Another day, another drain.

• 🏝️ Doomsday Island: FTX lawsuit has alleged that SBF’s brother had plans to turn the island nation of Nauru into a doomsday bunker. Where will they get the money? Ohh right.

• 😎 Data Doxx: Arkham Intelligence, professional data doxxing tool has got 11 submissions so far, including names of Elon Musk and Michael Saylor. Privacy is a myth.

• ⛓️ Chain Solutions: Rarimo, an interoperability protocol is bringing Polygon IDs to Ethereum, with more chains to come soon. Goodbye, confusion!

😳 Musk. Obama. Bezos Got Hacked

Elon Musk.

Jeff Bezos.

Barrack Obama.

No, we’re not talking about the doodhwala’s readers. We’re talking about some famous people who got their Twitter accounts hacked. 😮

Yup:

• Musk aka The Twitter Bossman

• Bezos aka The richest dude in the world (with the weirdest laugh in the world)

• Obama aka That guy who was once very important and now puts out songs he likes once a year

These ☝️ dudes were hacked to promote a Bitcoin donation.

Click this video to find out more. 👇

🤣 Milky Meme Of The Day

If you want more doodh then, be sure to follow our Twitter, LinkedIn, and Instagram.

That’s all for today folks! See ya tomorrow!

Yo! Our legal and financial advisors (aka our good ol’ conscience) have asked us to add this boring disclaimer. None of what you read here is financial advice. We aren’t here to get you to buy or sell crypto. We’re only here to tell you what’s up in crypto today and make you laugh. So, if you screwed up on a trade, that’s on you G. Stay safe in the markets.

Today’s edition was brought to you by Ritik Gupta and Sumanth

Edited by: Arvind Krishna and Aakash Athawasya

🐹