😡 This exchange has the unhappiest employees

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Gm this is Doodhwala, the only crypto newsletter that Artificial Intelligence cannot replace. At least, not yet. 😅

Here’s what we got for you today:

• 🤷 Hot N Cold: This investment bank CEO is back to being HOT for crypto

• 😢 “We secretly wanna quit”: Employees at big crypto exchanges are some of the unhappiest people

• 📈 Cheese and Charts: Origin Protocol is moon-ing.

• 🛠️ Resourcewala: Let’s understand DCS triangles.

• 🍼 Doodhshots: Solana shakes hands with Coca-Cola.

Swinging Into The Weekend Like:

😶 Blackrock is a Hypocrite - In a Good Way

Have you had a friend who was kind of a pain in the butt when you were in high school:

But he’s pretty chill and a low-key genius now?

(Yeah, I hate Aman too, that PoS 😒)

That’s Blackrock.

Blackrock has been holding big daddy money for a long time now – So their opinions are kinda like the holy bible for financial markets.📖

So, how did BlackRock become a hypocrite on crypto?

1️⃣ Blackrock CEO is wild

Say hello to Larry Fink:

Part-time CEO of Blackrock, full-time weird gang signs enthusiast.👇

Larry Fink, along with 7 other members laid the founding stones for Blackrock - The biggest asset management company in the world.

Not just that.

The man literally helped bring Blackrock to where it is now.💯

And is the prime example that people have in mind when they think of “Big Money.” 🤑

This is what he said about Bitcoin back in 2017:

Bitcoin proceeded to hit an all-time high at the time of $19,700 in just 2 months after his statement. 🤡

2️⃣ Larry now says Bitcoin will ‘Revolutionize Finance’

Fast forward to today, and Larry has pulled a 180 on his statements since then. ↩️

Here’s what he’s spouting today:

👉 Bitcoin is truly an international asset

👉 Bitcoin is the same way as digital gold

👉 Bitcoin can be a hedge against inflation and devaluing currencies

Well, well, well.

Looks like the turn tables! 🤣

I mean, it’s honestly a fantastic thing that homie is on our side now.

But you can’t NOT ignore the irony and hypocrisy the man has carried.

Larry Fink is now an Elite Cow Milk drinker who used to be an oat milk fan at the time.🐄

This tweet basically summarizes Larry’s hypocrisy.👇

3️⃣ Larry wants what’s best for his pockets → Investors.

Don’t worry guys, Larry says he wants to invest in Bitcoin only because his investors want to.

Completely not because he might make hella money for himself and Blackrock.🙂

There’s no denying that Blackrock has been the flag-bearer for investing in America for a loooooong time.

That’s pretty much the reason why they filed for a Bitcoin ETF as well.🤷

But don’t come to us with the BS that this is for the good of investors.💩

Remember the golden rule of life y’all →Where there is big money, there is Blackrock.

Doodhwala’s take: I wonder what Gary Gensler is gonna do, that too when a trillion dollar Asset Management company is at his doorstep. 💀

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😕 Work-life got you down, Binance, Coinbase, Gemini?

Yesterday we got some hot data (or rather SAD data).

The data is about job happiness... or the lack of it.

And the companies we’re talking about are:

• Binance

• Coinbase

• Gemini

The crypto exchanges that we love, respect, and probably owe the BIG money we made (and lost the next day).

But these companies are…not fun to work at. 😬

Basically, the work culture is → rather hardcore. 💼

Hold up...how do we know that? 🤔

The real gossip comes from a job review platform, Glassdoor, where employees pour their hearts and souls out (some might argue too much 🤭) about their work experiences.

Here’s what they looked at → Employee Happiness vs. Growth.

This is based on four categories:

• Happy Employees in Fast Growing companies

• Happy Employees in Slow Growing companies

• Sad Employees in Fast Growing companies

• Sad Employees in Slow Growing companies

The chart showed that Celsius, Gemini, and Amber Group didn't exactly pass with flying colors. 😓

Their employees seemed the least happy.

Guess who else made it to the left side of the chart? 🎯

Binance and Coinbase, our lovely giants. 👀

This was based on employees answering questions like:

• Would you recommend the company to a friend

• Do you approve of the CEO

• Overall outlook on the company

Basically, it’s like checking their vibe. 😎

So, these crypto CEOs:

• CZ of Binance

• Alex Mashinsky of Celsius

• Brian Armstrong of Coinbase

Didn't quite make the popularity cut, with approval ratings lower than the tech average. 😶‍🌫️

Why the low score tho, Binance? 😓

Well, Binance says it's because they are "hardcore" - they want employees who can not only survive but thrive in a high-performance environment. 🏋️‍♂️

And if not everyone can handle this pace, well, some negative reviews might creep in. 🤷‍♂️

Now the real question — Are Glassdoor reviews reliable? 🤷‍♀️

While Glassdoor tries to keep things legit, reviews can be manipulated or faked. So it's always a good idea to sprinkle some salt on these figures. 🧂

So, who are the winners?

Ava Labs, Blockchain.com, and Fireblocks appeared to have some of the happiest employees. 🥳

All in all, not the brightest day for these crypto bigshots. 😉

📈 Cheese and Charts: Origin TVL skyrockets

When was the last time you saw something go from 0 to 50 million?

The last time I witnessed that number was when I spilled doodh on the floor. 🥛

(my likelihood of getting beaten by my mom went from 0 to 50 million)

So, what went to 0 – 50 million in the crypto world?

We’re talking about Origin Protocol.

Origin Protocol is literally pumping like a heart rate monitor of an asthma patient!

It’s just been 6 weeks since their launch and their TVL is literally. 🚀 🚀 🚀.

But what makes them special is the fact that –

They have created a stablecoin for the first time ever that→ Is able to earn a yield to its holders.😮

And with this lucrative new invention, everyone wants a bite out of it.

This has pushed Origin Protocols TVL to over >> $50 million!

Off this, over $40 million lies in ETH.💸

What do you think? Is this a new invention that is going to swoop the crypto industry?

Or will the utility die down soon?

Hit reply and let us know your thoughts! 👇

🛠 Resourcewala: The DCS Triangle, not another Bermuda

You know the Bermuda Triangle, right? Well, forget that!

Today we're diving into the DCS (Decentralized-Consistent-Scale) triangle.

This baby is THE framework to compare your fav decentralized systems, from Bitcoin to Ethereum, IPFS, and BigchainDB.

These systems are like the Kardashians - each with their own unique flavor, and never afraid of a little drama.

In today's resource, we're gonna chew on: 🚀

• The whys and hows of DCS Triangle

• Today's popular decentralized systems

• The future of DCS: what's next?

READ TIME: Less time than it takes you to find the end of a roll of sticky tape.⌛

🍼 Doodhshots: Solana x Coca-Cola

• 🍹 Coke & Solana Soiree: Coca-Cola pops the cap with Solana in Serbia, aiming to fizz up the NFT platform. Coke with a twist of blockchain, anyone?

• 👮 CFTC vs. Celsius: CFTC heats up as it considers a fresh case against Celsius Network and former CEO Mashinsky. Who's feeling the heat now?

• 🌏 Bakkt in Action: Crypto platform Bakkt marks its territory in Hong Kong, UK, and EU, mapping out a grand plan for global domination. Get Bakkt, world!

• 🔒 Bitcoin Lockup: Bitcoin's unmoved supply peaks, hitting an all-time high amidst rising institutional interest. A solid foundation or time bomb?

• 📉 Ape Apathy: Ethereum NFT royalties stumble to a 2-year low as Bored Ape's floor price swings below 30 ETH. Apes feeling bored or just broke?

🤣 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