🤌 FINALLY! Do Kwon Caught

Gm, this is the doodhwala, the crypto newsletter that always has Happy Hours. We’re offering 50% more crypto news with 2x the jokes.

Here’s the scoop for today:

• 🚀 Arbitrum's airdrop in 5 numbers

• 🚨 DoKwon Caught!

• 📈  Grizzlython Submissions

• 🛠 Crypto Econ 101

• ⬅️ FTX’s blockchain SOLD

It’s HAPPY HOURS with your favv doodh!

🚀 Arbitrum's airdrop in 5 numbers

On March 23, Arbitrum finally air-dropped the $ARB tokens and turned many crypto bros from bear market broke bois → airdrop millionaires.

Live scenes from Crypto Twitter:

We get it. Ya’ll have questions like:

• But how much was ARB?

• Is Arbitrum bigger than Optimism?

• Will doodhwala ever do an airdrop?

• Should I hold onto ARB or dump it quick?

We’ve got the answers. 👇

Here’s everything you need to know about the Arbitrum airdrop in 5 numbers.

$1.8 billion – Arbitrum’s market cap.

The big moment! Is Arbitrum bigger than Optimism? And by how much?

🥇 Arbitrum’s market cap → $1.8 billion

🥈 Arbitrum is ranked → #34 among the largest cryptos.

It’s bigger than:

• NEAR [$1.7 billion]

• Apecoin [$1.5 billion]

• Optimism [$0.77 billion]

It’s smaller than:

• Lido DAO [$1.9 billion]

• Chainlink [$3.8 billion]

• Polygon [$9.9 billion]

*laughs in purple*

$1.3 – Listing Price.

While there were many different prices of ARB across centralized + decentralized exchanges, ARB was officially listed at – $1.3 – on CEXs and DEXs.

This is preettaaayyy close 🤏 to what we guessed. We said $ARB would drop between $0.63 – 1.2 per token.

*pats self on the back*

But the price of ARB has been going 📈 and 📉 since the launch.

Chegg it 👇

$7.5 – Price high.

The first centralized exchange that $ARB was listed on was – ByBit at the price of $7.5 per token.

The first decentralized exchange that $ARB was available on was – Uniswap through the – ARB/USDC liquidity pool.

On Uniswap:

🚀 ARB Spiked to $10.3

💩 ARB dumped to $1.3

Check out the latest DEX trades from Nansen 👇 

404 – Error.

With so many people rushing to claim the airdrop, Arbitrum’s airdrop claims page went down faster than my parents’ hopes and dreams when I told them I was going to be a doodhwala. 😭

The airdrop took down:

• Arbitrum Foundation → The $ARB claims page

• Arbitrum Scan → Blockchain explorer

• Metamask → The slow AF wallet

Even the Arbitrum blockchain stopped! 😮

46% – hodlers

Over 600k wallets received the Arbitrum airdrop on the day of the launch. This was from a circulating supply of 1.2 billion tokens

💰 Each wallet on average received ~1.9k tokens worth ~$3k during the airdrop.

💰 With the massive 🚀 and 💩 only 288k wallets or 46% of the wallets continue to hold $ARB.

These hodlers have made 1.1 million transfers so far. 🫣

🏏 Fantazy: Web2 Gaming Gets “smart”

Games are boring.

Like seriously Crushing Candies? Cutting fruits? Collecting jewels?

🥱

Who are we? Auto-drivers at a traffic stop waiting for the signal to turn green? 🟢

✋

That’s why, we’re playing fun games on the blockchain. Games like Fantazy, a fantasy sports game that rewards users in $MATIC.

Nope, Fantazy is not a game where I drink a LITRE of 🍊 Fanta + go crazy 🤪

Fantazy is putting the FAN and the EASY in Fantasy. 😉

The cool thing about Fantazy is that it’s built on the blockchain. So, every run, every win and every reward works on a smart contract.

Fantazy is:

• Fair and transparent

• Quick web3 wallet creation

• With no Token requirement

Right now, Fantazy is giving away MATIC that can be used to play fantasy games!

🚨 Bad Guy Do FINALLY Caught

THE MOVIES WERE RIGHT!

The bad guys always lose either…by getting killed or by getting arrested. 🤷‍♂️

And one of the BIG crypto bad guys seems to have just lost as well.

Do Kwon.

The man that single-handedly wiped out 90% of my portfolio and sent us into this LONG bear market has finally been arrested! 🥲

Yup! This is the man that:

• Started Terraform Labs (a.k.a Terra)

• Called himself StaleKwon, THE KING of Stablecoins

• Brought $40 billion worth of value in the market to ZERO!

And where did they finally catch him?

Montynegro. 🇬🇶

This a country you know so little about that you didn't even realize the spelling and the flag were wrong. 💀

Montenegro 🇲🇪 → A country in Europe which was also featured in James Bond’s Casino Royale.

FUN and RELEVANT FACT → It’s also a popular tax haven in Europe. 😉

What was Do even doing there?

Not sure.

Maybe he was pretending to be Bond and playing high-stakes poker with other criminals. 💰

But if we look at this movement since the Terra LUNA crash in 2022, it's clear.

Our man has been hopping from one popular tax haven to another:

1️⃣ Spotted in Singapore

2️⃣ Spotted in Dubai

So he was either gonna end up in the Bahamas or Montenegro.

And the Bahamas wasn’t a good option because there was no vacancy for ANOTHER Crypto Criminal bringing down billions of dollars in value. 🥲

So what’s next for him?

Our man faces criminal charges in not ONE country but TWO.

🇺🇸 USA → All kinds of fraud (wire fraud, commodities fraud, securities fraud)

🇰🇷 South Korea → Fraud (investigation still underway)

Even Interpol, the global police, wanted him badly.

If he's brought to the US and found guilty there then…

…will we see Sam Bankman-Fried and Do Kwon in the same prison? 😬

Finger crossed. 🥲

But either way, this is the right time to bring back the advice that another criminal who served jail time, Martin Shkreli, gave Do Kwon in a podcast:

“Jail ain’t so bad.” 🤷‍♂️

📈 Chaach and Charts: Grizzlython 🔥 Submissions

Just like Bob the Builder, the Solana community has been keeping their head down and building relentlessly.

After the FTX collapse, the community was pretty shaken. 🤷‍♂️

But instead of giving up, they embraced the “Jai Shri Solana” mentality. 🔥

The recently concluded hackathon by Solana, called Grizzlython, was its BIGGEST hackathon to date! 🤯

With over 700 submissions received, it's almost 2x as their previous hackathon, Sandstorm, in February 2023.

The submissions were more app-level than infrastructure-level tooling. 🛠

• Tools to deploy web3 native websites easily

• Tools to deploy creative DeFi strategies

• Securing on-chain wallets with 2FA

You can check out ALL the Grizzlython submissions here.

Let’s see who walks away with all that dough. 💰💰💰

🛠 Resourcewala: Crypto Econ 101  

doodhwala is all about giving you SUPER knowledge in SUPER less time. 🔥

2 minutes is all it takes for us to finish….imparting crypto news and knowledge. 😉

Today’s resource is all about that SUPER quick knowledge.

This will get you ahead of the pack when it comes to understanding crypto at a core level. And it does it with just a Twitter thread. 🤯

Some of the lessons include:

• How crypto is disrupting the status quo in wealth distribution

• DeFi: where do those yields come from?

• Layer-1 blockchain staking

And a BONUS lesson on → How to become an original thinker. 🚀

We really need that...we're running out of doodh jokes 😅

Alright then, let’s get those knowledge gains? 👇

🍼 Doodhshots: $18 million in COIN

• 😤 Clone Pump: The number of Bitcoin Ordinals has passed 550,000 as interest in these Bitcoin NFTs is ignited by copies of popular NFTs like BAYC.

• 🩸 COIN-buys: Cathie Wood’s ARK Invest buys $18 million in Coinbase stock a day after the exchange’s stock fell by 20% after receiving the Wells notice.

• 💳 “Smarter” contracts: Cards giant Visa is itching to build “smart” wallets for Ethereum designed for “push payments.”

• ⬅️ SUI and SOLD: FTX is selling its stake in Mysten Labs, the company behind Sui Blockchain for $95 million to raise enough money to pay customers back.

• 🔺Another One Down: Trouble in the Avalanche paradise as one of their chains stopped block production and brought in a brief network outage. AVAX catching the Solana blues?

🤣 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.