🔥 New SUPER HOT Bitcoin Trend

Namaste, this is the doodhwala. The only crypto newsletter that’s as essential as a night of 8 hours of sleep.

Here’s what we gots for you today:

• 🇯🇵 Japan is BACK, again

• 🔥 SUPER HOT Bitcoin trend

• 📈 Joe's on a Roll!

• 🛠 Master the E – V – M

• 🥷 Samurai loves Web3

It’s Friday, you know what that means.

🇯🇵 Japan is BACK, again

Japan, the country that brought you:

🥷 Naruto

🍣 Sushi

🐶 The Shiba Inu Dog

Is now bringing 🔥 regulations for web3 companies.

These regulations are part of Japan’s soft-power project with the most cringe name evaa – Cool 😎 Japan.

It’s a way for Japan to influence the world using:

• cuisine

• content

• fashion

• technology

They’re doing a hella good job because I watch 10 episodes of Naruto a day, eat Sushi twice a week, and use the Sony PlayStation every day. 🤣

Now their focus (like every influencer in 2022) is – Web3. 😲

What’s happening?

The current Japanese political party in power – The Liberal Democratic Party – just put out a 35-page whitepaper with recommendations to help the country’s Web3 scene.

The paper is titled – “Toward An Era Where Everyone Can Utilize Digital Assets”

👍 10/10 for getting straight to the point.

👎 2/10 for no clickbait and emojis in the title.

And the paper starts with a solid opening line – “Japan is back, Again.”

Kinda like this scene 👇

But seriously – Japan led the way with strong AF crypto regulations back in the day (that’s why some FTX Japan customers already got their crypto back) we wrote about this ☝️ here.

Then 2 major hacks happened:

• MtGoX: In 2014 hackers stole ~800k BTC worth $400 million

• Coincheck: In 2018 hackers stole 520 million NEM coins worth $500 million

And 🇯🇵 fell off the radar. 🔻

Now, they’re back with these 🔥 web3 recommendations! 🔺

What are these regulations tho?

There are A LOT. But here are the top picks 👇

1️⃣ Lead the G7

The paper says Japan should lead the way at the G7 to promote Web3 and its potential for neutral technology innovation.

TF is G7?

2️⃣ Screen Tokens

Simplify the process of listing cryptocurrencies on Japanese exchanges.

3️⃣ Fix The Accounts

There are no set accounting standards for Web3 companies.

This makes it hella difficult to audit ☝️ them.

So, the whitepaper recommends that Japan’s body of public accountants set up guidelines to properly account for cryptocurrencies and NFTs.

Imagine a bunch of Japanese accounts tryna figure out the guidelines for Elon Musk pumping Dogecoin. 🤣 🤣 🤣

4️⃣ Set up a DAO law

The whitepaper wants to set up guidelines to for DAOs.

DAO – Doodh Available Overnight ❎

DAO – Decentralized Autonomous Organizations ✅

This regulation will ensure that DAOs are treated the same as limited liability companies under Japan's law. 👌

5️⃣ Better Tax Laws

Two specific recommendations here:

• crypto investors can carry losses for 3+ years

• crypto gains should be taxed only when exchanges for fiat

In India, crypto investors cannot carry losses in a single year. And taxes are charged when a crypto is sold for fiat, converted to another crypto, or the crypto is withdrawn at a profit. 😭

6️⃣ NFTs for Public-Private Partnerships

On NFTs, Japan wants to:

• set up legal NFT-based business models for companies like fantasy sports providers

• allow public and private companies to work together on – NFT rights and NFTs licneses

Imagine this scene as an NFT 🤩

Doodhwala take:

Japan saw the worst of crypto with not 1 but 3 exchange collapses. So, things (for them, and hopefully my portfolio) can only go up from here.

Now, all they see 👀 in web3 is opportunity.

And they wanna fix up the Japanese law for it. 👌

🔥 New SUPER HOT Bitcoin trend

There’s a new kid on the Bitcoin block.

And no, it’s not Ordinals. (that’s old news now 🤷‍♂️)

In fact, this new thing is growing MUCH FASTER than Ordinals did.

It’s Bitcoin S-T-A-M-P-S.

Yup, just like those postal stamps that you have NEVER used.

So wtf is a Bitcoin Stamp? 🤨

Bitcoin Stamps directly store the image (or NFT) data within the spendable transaction outputs.

It’s a more permanent way for the image to stay on the blockchain.

We know….it’s a little too BIG BRAINED for us as well. 😅

Let’s put it this way 👇

🟠 Bitcoin Ordinals → are like giving your Bitcoin transaction a fancy title or rank.

It's like saying, "I'm not just sending you 0.01 Bitcoin, I'm sending you the FIRST 0.01 Bitcoin in my wallet!”

📮 Bitcoin Stamps → are more like a seal of approval.

It's like saying, "This transaction has been certified by the Bitcoin postal service!”

It's a way of adding a bit of authenticity and verification to your Bitcoin transactions.

Over 3500 of these Bitcoin Stamps have been minted, or rather “stamped”, just in the past couple of days.

Comparing it with the first few days of Ordinals, Stamps have already surpassed it by 7x in the same amount of time. 🤯

Much like Ordinals, users will also need to pay a transaction fee on the Bitcoin blockchain for creating more of these.

And this will make the Bitcoin miners SUPER HAPPY! 🔥

Why tf? 🤨

Cuz’ the activity on the Bitcoin blockchain has been pretty low for a while.

People only used it to send Bitcoins to each other and nothing else.

But with Ordinals and Stamps, more activity is happening.

Mo activity 🔺 → Mo txn fee 🔺

Mo txn fee 🔺→ Mo miner rewards 🔺

It’s a WIN-WIN for everyone. 🚀

But can Stamps take over the current Ordinals craze?

I guess, we’ll just have to wait and see. 🤷‍♂️

📈 Chaach and Charts: Joe's on a Roll! 🚀

Crypto's hottest flavour lately? It's Joe, y'all!

Trader Joe's been crushing it, and we ain't talkin' about your local grocery store. 😉

Why could be this hype? Check this out:

1️⃣ $ARB liquidity rainin' in: $ARB's flowin' like a river, boosting that liquidity game.

2️⃣ Liquidity Book upgrades: No, it's not a book made of liquids but an Automated Market Maker design for DeFi.

3️⃣Layer Zero integrations: Joe's makin' connections, and we ain't talkin' about LinkedIn.

No shocker here, but Joe's market cap and fees have exploded over 50% in the last week! 🔺🤯

So, is Joe the new king of DeFi?

Are we gonna see it climb even higher?

Only time will tell. ⏳

But one thing's for sure: Trader Joe's ain't playin' around.

They're here to make waves, and Doodhwala's ready to surf 'em. 🏄‍♂️

Hit REPLY and share your thoughts on Joe's wild ride! 📢

🛠 Resourcewala: Master the Ethereum Virtual Machine (EVM)  

Wanna get your hands dirty with Ethereum, but confused about EVM and Solidity? 🤔

Fear not, 'cuz Doodhwala’s got the PERFECT course for you! 🙌

From EVM architecture to deploying smart contracts like a boss, we got you covered! 🚀

Get ready to explore:

• The ABCs of EVM

• Architecture 101 🏗️

• The Execution Model: Making Sense of It All 🔄

• Decoding Bytecode: The Secret Language of Ethereum 🤖

• Solidity: Write & Deploy Your Smart Contracts Like a Boss 📝

• EVM secrets revealed 🕵️‍♂️

Plus: Advanced Topics for the Extra Thirsty Minds 💡

Ready to unleash your inner Vitalik Buterin? 😎

WATCH TIME: Quicker than you can say "Ethereum Virtual Machine" 3 times! ⏱️ (just kiddin’)

🍼 Doodhshots: Samurai loves Web3

• 🚨 DeFi Dangers: U.S. Treasury raises red flags, claiming North Korea and scammers are laundering dirty money through DeFi platforms. Clean up, crypto!

• 🇯🇵 Web3 Samurai: Japan gives the thumbs up to a Web3 white paper, aiming to boost industry growth and make the Land of the Rising Sun a blockchain powerhouse.

• 🍏 Hidden Treasure: Surprise, Mac users! The Bitcoin Whitepaper has been secretly stashed on your computers for years. Time for digital archaeology!

• 🦘 Aussie Crackdown: Australia's financial watchdog shows its teeth, cancelling Binance's derivatives business license down under. G'day, mate?

• 🇨🇳 Crypto Dragon: Chinese state-owned company takes the crypto plunge, launching crypto funds in Hong Kong. The Great Wall of Crypto, anyone?

🤣 Milky Meme Of The Day

💰 Don’t be dumb, be crypto smart

Look we dunno how to invest in crypto. 🤷‍♂️

So what we do is buy everything in one shot, through something called Coin Sets.

Tf are Coin Sets?

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