🇺🇸 End of Crypto in America?

Gm, this is the doodhwala, the crypto newsletter that’s all about the PUMP but never the DUMP. 😎

Here’s what we pumpin’ today:

• 🇺🇸 End Of Crypto in America?

• 🌚 Crypto Accounts For Sale!

• 📈 Liquid Staking overtakes DEXs

• 🛠 World of Whale Watching

• 🍼 Coinbase Caught Peekin?

🇺🇸 End Of Crypto in America?

America. 🇺🇸

It’s the country that gave the world:

• Taylor Swift

• Confusing Metric System

• And this super amazing, super delicious, super diabetic drink 👇

Now, America is giving HELL…

…to Mexicans crypto companies. 🥲

The SEC has been screwing around with crypto companies and going after them whenever they feel like it, for the LONGEST time!

The current chairman of the SEC was grilled exactly for this reason last month. 🔥

And this utter state of uncertainty has pissed off just about every crypto company in that country, including:

• Coinbase

• Gemini

• Kraken

And 2️⃣ of these 3️⃣ companies took BIG steps yesterday to show how pissed off they ACTUALLY are with the U.S.

They are actually leaving the U.S! 👋

1️⃣ Coinbase

The second largest centralized crypto exchange in the world is facing the heat of uncertain regulations in the U.S.

💰 Current market cap → ~$12 billion

💰 Customer holdings → ~$200 billion

The company recently announced its plans to expand its offerings by adding BTC and ETH perpetual futures to its platform.

Wtf are perpetual futures? 🤨

However, Coinbase has decided to launch these futures by creating a NEW international exchange rather than the U.S. exchange.

Why? → Because of the uncertainty of U.S. regulations. 😬

So everyone OUTSIDE of the U.S. can access this service from Coinbase. (Now, that’s a first! 😅)

2️⃣ Gemini

This is another centralized exchange created by America’s fav twins and Mark Zuckerberg’s nightmare duo— the Winklevoss twins. 😎

💰 Current valuation→ ~$7 billion

💰 Customer holdings → ~$1 billion

Gemini has also launched a new platform that will offer its customers access to offshore crypto derivatives trading. ✈️

Mainly in countries like:

• Brazil 🇧🇷

• Singapore 🇸🇬

• Hong Kong 🇭🇰

And what’s the reason behind this, mah Winklevoss bros? 🤨

Same as above → “Due to the regulatory uncertainty in the U.S.”

Doodhwala’s Take:

The uncertainty surrounding U.S. regulations for crypto continues to cause headaches for crypto exchanges like Coinbase and Gemini. 🤦‍♂️

And their flight or fight response has now changed to flight after constant fights. 🥲

Biggest loser from this? → US of A. 🇺🇸

So much capital and value have started to move out of the country. 💰

While these are just proactive steps to expand their offerings and provide better services to their customers…

…regulatory clarity is crucial for the long-term growth and stability of the crypto market.

Let's hope that the U.S. government gets their act together and provides better stability than a three-legged table. 😅

🌚 Darknet's $30 Crypto Account Deal

Hackers are having a blast in the dark corners of the internet…🕵️‍♂️

…selling hacked, verified crypto accounts for as low as $30!

It's like finding Gucci bags at a thrift store – but way more illegal. 😂

But how do we know about these $30 accounts?

Introducing…🔖

👉 The Dark Web Price Index 👈

No, it’s not a stock market for hackers (though it’s a good name).

It’s a research paper by Privacy Affairs.

And it gives us a glimpse into the murky depths where cyber bad boys are trading fraudulently snatched financial account deets. 💀

Here's a lowdown of some prices for those stolen accounts:

💰 Kraken verified account: $1,170

💰 Binance verified account: $410

💰 Crypto.com verified account: $300

💰 Coinbase verified account: $250

These figures show a significant 🔺 from last year's rates.

In 2022, hackers were shelling out a measly $120 and $250 for verified Coinbase and Binance accounts, respectively.

Talk about inflation! 📈

Have a look 👇

But wait, there's more!

They're also peddling other account info like:

• Credit cards with balances up to $5,000 → $110

• Online bank accounts with balances up to $2,000 → $60

• Social media accounts like Facebook, Airbnb, and Gmail: Starting at $25

Stolen credit cards sold on the dark web👇

Hacked accounts are no joke in the crypto world.

People lost their entire life savings thanks to attacks like SIM swaps. 😰

A Coinbase user recently filed a lawsuit after losing 90% of their life savings in a "SIM swap" attack. 💔

PrivacyAffairs.com dropped a bombshell study, REVEALING that an individual's personal data is worth a staggering $1,010 on the dark web! 😵‍💫

They found that online banking logins, credit card deets, and social media creds can be snagged at scarily low prices.

For example:

• Online banking logins: $30

• Full credit card deets: $10-$100

And if that doesn't freak you out enough, for just about $1,000, crooks can get a FULL suite of documents and account details that let them commit identity theft. 😟

This package includes:

• Stolen online banking logins: $150

• High-quality U.S. driving license: $500

• Hacked Facebook account: $25

• Stolen credit card details: $110

• High-quality USA ID card: $200

• Total: $985

😲 Heck, they can even score a European passport for an additional $3,000, allowing them to potentially wreak some major havoc.

Doodhwala’s Take:

So, while OpenSea and Blur battle it out in the NFT space, hackers are busy making bank on the dark web.

The cybercrime world is like the wild, wild west of the internet, where anything goes – but remember, crime doesn't pay (unless you're the one selling hacked accounts, apparently) 😉

📈 Cheese and Charts: Liquid Staking overtakes DEXes 🤯

Liquid Staking is taking over the world! 🌏

Well, at least the DeFi space for now. 😋

For the first time in history, Liquid Staking has surpassed DEXes in Total Value Locked (TVL), making it the leading category in DeFi by TVL dominance 💪

Holup…What’s Liquid Staking tho? 🤔

Although, not the same as Liquid Doodh 🥛 (The Ultimate Liquid!)

In easy terms, here’s what liquid staking is: "Own a house worth $100k. Tokenize it for collateral without locking it up using liquid staking.” 🏡

Now that Liquid staking is taking over the DeFi space, what’s next for DEXes?

Will they stay relevant for long? ⌛

Who knows, we’re just watching! 🤷‍♂️

🛠 Resourcewala: World of Whale Watching 🐳

Whale watching ain't just about spotting Moby Dick in the ocean.

In the world of crypto, "whales" have a whole new meaning.

These big fish hold enough crypto to make or break markets.

And guess what? You can track their moves! 🕵️‍♂️

So today, we bring you an intro to whale watching in the crypto ocean:

• Whale Watching 101: The essentials 🐋

• How to track their moves? 🕵️‍♀️

• How to stay afloat in whale-infested waters 🌊

LFG! 🔥🔥🔥

🍼 Doodhshots: Coinbase Caught 🔍 ?

• 🚀 Sky High: Bitcoin daily transactions rocket to an all-time high, proving the king of crypto is still in the game. Can't stop, won't stop!

• 🐸 PEPE-palooza: PEPE Token hops to a staggering $500M market cap, riding the meme coin wave that's sweeping through the crypto realm. Ribbit, ribbit, to the moon!

• 💰 BNB Heist: BNB Chain DEX Level Finance suffers a $1 million hack attack. Better lock up those digital vaults, crypto peeps!

• 🔍 Biometric Brouhaha: Coinbase faces a lawsuit over privacy violations tied to users' biometric data. Fingerprints, schmingerprints!

• 🎟️ NFT Slam Dunk: Sports Illustrated dives into NFT ticketing with a brand new platform on Polygon. Get your digital tix, sports fans!

  

🤣 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, 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 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.