9,800 BTC sold like this 🫰

Namaste, this is the doodhwala, the crypto newsletter that’s always full of energy at the start of a – new day, new week, new month, new quarter.

LFG 🔥

Here’s the breakdown for today:

• 🔻 Biggest Bitcoin Seller

• ⚔️ A New Marketplace Battle

• 📈 The Battle of L2s

• 🛠 Crypto Project Analysis in a Min!

• 🍼 $258 Billion Lawsuit

Walking into the new week like:

🔻 Biggest Bitcoin Seller

9,800 BTC.

That's 👆 how many Bitcoins were sold last month.

The seller?

Elon Musk ❎Microstrategy ❎Balaji Srinivasan ❎

The government of United States of America ✅

Yes, the US government sold exactly 9,861 Bitcoins worth $215 million on Coinbase. And they've got 41,800 Bitcoin left with them.

41,800 BTC = $1.1 billion 💰

This sale is the LARGEST sale of Bitcoin by the US goverment EVER.

Check out all the previous sales by the US government 👇

Where did the US government get all this Bitcoin from?

Biden and his administration read the Balaji article on the doodhwala last week and immediately went, "Alright, we gotta buy some BTC, it's going to $1 million."

But seriously, they acquired the Bitcoin by catching a hacker. 😎

And this is not just any hacker – it's the dude behind one of the oldest and biggest crypto hacks ever.

This hacker – James Zhong – hacked the biggest Bitcoin marketplace ever – The Silk Road in 2012.

Wtf is the Silk Road?

Some stats:

• February 2011 – October 2013

• 1.5 million transactions

• 9.9 million BTC traded

• revenue – 640k BTC

Best selling product – drugs 💊

But the Silk Road had a BIG problem with its payment infrastructure.

Silk Road held and transferred all Bitcoin between the buyer and the seller in 1 escrow account. It was always the middle man. 🤣

So, Zhong listed a bunch of products for sale + services for hire → Got the money for it (from Silk Road) → Never sold anything or serviced anyone.

And he did this 140 TIMES with 9 FAKE ACCOUNTS. 🤯

Some of the fake account names were straight up 🔥:

• thetormentor

• suxor

• dubba

• gribs

• s 1 lky

Man was probably getting high on his own supply 🚬

Doing this ☝️ Zhong managed to steal over 50,000 BTC from Silk Road in 2012.

9 years later, the US government raided Zhong's house in the US and you won't beleive where they found the Bitcoin:

• in hardware wallets kept in an underground safe

• on a computer, hidden under blankets of popcorn tins, in the bathroom closet

YESS POPCORN 🍿 TINS

This guy really took wallet security seriously! 🤣

And now 2 years after seizing the stolen Silk Road Bitcoin from the hacker, the US government FINALLY sold it.

🔥 The best hackathon to kickstart your web3 journey!

Hackathons can be scary af, especially if you’re a BEGINNER.

So many questions:

• Can I use an old project and just rebrand it?

• Do I have to take my own pillow?

• Will there be doodh?

That’s why this Dappathon by Spheron is a ‘lil different. A ‘lil better. 😉

You can participate from the comfort of your bedroom or join IRL in Delhi, where doodh will be provided. (fingers crossed🤞)

Not just that, you also get to win:

• 💰 $5,000 Cash prize

• 💸 $50,000 Investment Prize

• 📚 Access to Spheron Learn Library

If you are a beginner, this can be your first entry into the world of web3 hackathons. And what an entry this would be! 🔥

🗓 21st April - 29th April 2023

Register now!

⚔️ A New Marketplace Battle

We’re not gonna lie to you…

Battles of ANY kind are SUPER FUN! 🔥

• The Premier League battle between Arsenal, City and United 🤞

• The IPL battle between Mumbai, Chennai and Bangalore 🤞

• Best Beverage battle between doodh, paani and juice 🤞

Even the current NFT marketplace battle between OpenSea and Blur is intense. 🥵

But a new kinda NFT marketplace battle has started. And it involves $16 MILLION in volume and Balaji’s favv crypto. 👇

Bitcoin NFT marketplaces. (a.k.a Ordinals Marketplaces) 💰 Yup.

Bitcoin NFTs have risen to prominence in the past few months.

🤯 Current Total Mints → 500k

💰 Total Volume → $16 million

🔄 Total Trades → 39.1k

👨‍👩‍👧 Total Users → 18.46k

And just with any growing trend, the infrastructure around it is growing.

This includes a bunch of Ordinal marketplaces popping up in the past few months:

• Gamma

• Ordswap

• Open Ordex

• Ordinals Wallet

• ordinals.market

Even Solana’s biggest NFT marketplace, Magic Eden, decided to take on this growing market by supporting Ordinals.

Magic Eden's Bitcoin Ordinals NFT marketplace launched on March 21st and they are already the TOP Ordinals marketplace. 😳

It LITERALLY took them less than 12 days to make it to the #1 spot. 🤯

Magic Eden now accounts for over 50% of the TOTAL ordinals volume on all marketplaces.

What did they do differently tho? 🤔

Nothing.

Except, they were the only pre-existing marketplace among the rest of them.

Every other Ordinal marketplace like – Gamma, Ordswap, etc did not exist before as an NFT marketplace for other chains.

But Magic Eden did. 👇

1️⃣ First → Launched for Solana

2️⃣ Then → Added Ethereum and Polygon Support

3️⃣ Now → Ordinals Support

Just existing earlier and competing with other marketplaces on other chains gave them a competitive edge in a whole NEW chain where NFT infra is super LOW.

Now imagine what will happen if the #1 and #2 NFT marketplaces in the world decide to take on the Ordinals market. 😬

Blur + OpenSea…is it inevitable? 🤭

📈 Chaach and Charts: The Battle of L2s

Forget Game of Thrones, we've got a new power struggle in town!

Ethereum L2s are 🔥 and this month's king is none other than Arbitrum! 🏆

Who needs a royal court when you've got numbers like these?

Check out the leaderboard of Layer 2 networks based on fees collected in

🗓️ March

1⃣ Arbitrum – 💰 5.95m2⃣ Polygon – 💰 3.88m3⃣ Optimism – 💰 2.23m

🗓️ February

1⃣ Polygon – 💰 5.8m 2⃣ Arbitrum – 💰 2.9m 3⃣ Optimism – 💰 1.9m

what's the deal with this L2 reshuffle? 🤔

In March 2023, due to hype of Arbitrum’s ARB airdrop, transaction volume 🚀 allowing the blockchain to collect 2x the fees it collected in the previous month.

This shift could be a sign of major changes in transaction volume and Layer 2 network usage.

Whatever the outcome, one thing's for sure → the L2 race is heating up, and we're all here for the drama! 🍿

Got any predictions for the L2 showdown? (REPLY and let us know) 🎯

🛠 Resourcewala: Crypto Project Analysis in a Min!

Struggling to keep up with the crypto world and find the next gem? 👀

Lack of time got you feeling FOMO? Fear not, Doodhwala's got your back! 🤝

We've got the PERFECT resource to help you analyze a crypto project in < 1 minute! 🚀

Uncover the secrets to fast-track crypto project assessment:

• Key factors to consider 🎯

• Quick financial metrics analysis 📊

• Team and community assessment 🔍

• Roadmap and potential impact

PLUS: More time-saving hacks! ⏳

Time to flex those speedy crypto analysis muscles! 💪🔥

🍼 Doodhshots: $258 Billion Lawsuit

• 🚫 Regulatory Rumble: Bittrex waves goodbye to its US crypto exchange due to the 'regulatory environment' – another one bites the dust.

• 🌉 Sol-Eth Bridge: Solana's options protocol Cega leaps onto Ethereum, bringing some SOL power to the ETH party.

• 🚀 Doge Defender: Elon Musk aims to put an end to the $258 billion Dogecoin lawsuit, claiming he's just a fan, not the mastermind. Doge army, assemble!

• 📈 Trumped Up Sales: Trump NFT sales surge again with the historic indictment, proving controversy can still fuel the market.

• 🛰️ Space Proofs: ZeroSync and Blockstream team up to broadcast Bitcoin zero-knowledge proofs from space – Bitcoin's going galactic!

🤣 Milky Meme Of The Day

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

That’s all for today bhaiyo aur bheno! Naale Sigona! Aakash "Dahi Cheeni" Athawasya & Arvind "Doodh Peda" Krishna

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 a 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.