😳 Insider trading at BINANCE

Gm, this is the Doodhwala, we’re a bag full of crypto news, just like that plastic bag in which your Mom keeps all the other plastic bags.

Here's what in the BAG today:

• 😳 Insider trading at BINANCE

• 🎭 NFTs on Netflix soon?

• 💀 Solana ain’t DEAD…yet

• 🙈 Blockchain of the APEs

• 🤣 Milky Meme of the day

SECURE THE BAG!!

😳 Binance vs Coinbase: Insider Trading Edition

Insider trading, nope it’s not trading cryptos from inside your bedroom.

Insider trading is a VERY serious financial crime. To explain just how serious it is, here’s a Snoop Dogg rap explaining insider trading:

There’s a TON of insider trading going on at the crypto exchange we all love to hate — Binance.

✋ But wait ✋

That’s not the doodhwala throwing around this accusation (we can barely pronounce Binance correctly, and definitely not Changpeng Zhao). 😭

That’s according to Coinbase’s Head of Business Operations → Conor Grogan.

Being a Conor, this is how he called out Binance:

Conor said accounts on Binance have been running trades using insider information for over a year. 🙊

[NOTE: This is accounts on Binance, not Binance themselves] 

They do this front running in a simple way:

• Find out what token is about to get listed on Binance

• Buy a TON of it on a decentralized exchange

• Transfer it to Binance and wait for listing

• Dump as soon as it lists

• Make a quick buck

As recently as last week, a Binance address made $55,000 by buying about 6k of Rocket Pool (RPL) tokens 10 minutes before RPL was listed and dumped it 10 minutes after it pumped by 25%.

Like Virat Kohli scoring a century, this ☝️ is not an isolated incident.

It’s happened before with tokens like:

• ERN

• RARI

• TORN

• DOODH

Even during the LUNA crash back in May 2022 when people named Do Kwon were changing their names, Binance’s insider traders were going crazy with Gnosis’s utility token GNO. 👇

Coinbase is not without fault tho. 🚫

Last year, a Coinbase employee allegedly gave out insider trading info to his brother on which coins Coinbase would list.

The bro would buy a ton of it and wait for the pump. Right after the pump, he would dump it all. (btw: these brothers were Indians 😭)

But surely mummy taught them to cover their tracks? 💁‍♀️

Lolno. He did all of his buying and selling right on Coinbase. 🤣

The dude was so sloppy, OG crypto shitposter Cobie rugged him.

But did they finally get caught?

Yeah just about 🤞. They were at the airport about to head back to India when the police caught them. What are the chances they were listening to this song on their way back? 💀

Doodhwala’s take:

Insider trading is hella bad.

Especially when traders use the pump to dump on retail investors who are waiting to buy a coin on a CEX like Binance or Coinbase.

Exchanges can sort this through on-chain investigation and catch the bad dudes when they deposit or withdraw their cryptos. But will they do this or are they behind this? 👀

🎮 Gameswala: Token Master

Time for some fun crypto trivia. 🔥

We’ll give you a name of a popular token, and you have to guess the name of the project.

Simple. Lezzz go! 🚀

1. BNB

2. LTC

3. APT

4. APE

5. BIT

(answer at the bottom of the email 👇)

🎭 NFTs on Netflix soon?

Every NFT collection has a bunch of unique characters with each having its own traits and features.

And each of these NFT collections has communities and teams that decide what they exactly want to do with these unique characters like:

🦍 BAYC

They are building a whole metaverse game called Otherside where all these characters can be used to go cruise around the metaverse and complete some sick missions. 😎

Prayin’ it’s like a version of GTA but with a bunch of Apes stealin’ cars, running over people on the footpath and occasionally hittin’ the Ape strip club. 🤷‍♂️

🦉 Moonbirds

This is the collection with the pixelated ullus owls

They currently don't have any big plans of building a metaverse or anything.

These owls just want to create good IRL events and give their community exclusive access to them.

🌈 Doodles

This is the NFT collection that makes you go awww 🥺🥺🥺

Cuz they don't have characters with their eyes popping out or their brains half eaten (looking at you MAYC)

Instead, they have sunshine and rainbows. ☀️

And they definitely have BIG plans!

The team behind the Doodles ☝️ NFT collection just went and acquired Golden Wolf Studio!

Is that a BIG deal? 🤨

HELL YEAH! 🔥

Golden Wolf is an Emmy-nominated studio that created animations for Rick and Morty!

Yup!

It is the show that every tech bro watches because “it’s deep and talks about the nature of reality and existence in a very unabashed and unassuming way” (and we thought we were cringe 🤦‍♂️)

But it is also a show that does this 👇

The Doodles team described this acquisition as groundbreaking because now they want to move into:

• world building

• narrative storytelling

• character development

Hmm…all these points to them creating beautiful animated shows and movies using these NFT characters.

Shows that might end on Netflix and Prime and movies on big theatre screens! 🤯

If this happens, it's going to be a huge deal for NFTs and its mainstream adoption. Don’t ya think?? 😎

💀 Solana ain’t DEAD…yet

Solana.

It’s my safe word whenever I wanna HALT any activity. I even go around saying “Solana” to auto drivers so that they stop. 🤣

Solana is also a layer-1 blockchain that’s in a mess.

• FTX, a major investor in Solana, and holder of many SOL coins is bankrupt

• Solana’s top-2 NFT collections are moving to Polygon

• Top DeFi apps on Solana were hacked

• A meme coin is going BONKers

• doodhwala is writing about it

But that’s not all that’s happening in Solana, there’s a legit strong community of builders who are doing some MAD things.

The goal? 🏁

🏦 To make Solana the Wall Street Of Crypto 🏦

That’s not according to the doodhwala, that’s the words of a certain head of international expansion at the Solana foundation, so he might know a thing or two. 🤷‍♂️

Akshay BD (short for Big DOODH) joins Raghu and Prashanth in the latest episode of the Web3 Normies podcast.

They talk about the “State of Solana” and what it means for the L1 heading into 2022.

But they also give drop 🌶️ stories on:

→ Teaching politicians about politics→ How to be a bakchod 101 from Tanmay Bhat→ Building a great culture in a web3 community→ Why doodhwala is the greatest newsletter in the world

🛠️ RESOURCEWALA: Build Communities From Scratch

"Community" is an overused word in crypto.

Sometimes it just means a closed Whats App group with people sharing memes and shilling their projects. But actual communities are ones which tie down the product to the people.

Here's a neat way for you to start building a community from scratch. 👇

🙈 Chaach and Charts: Blockchain of the APEs

Planet of the Apes.

More like Blockchain of the Apes.

Yup, the Bored Ape Yacht Club NFT collections are 🚀 on Ethereum NFT marketplaces.

But it’s not just the weird-looking 🦍, but also the:

🫠 melty face apes aka Mutant Ape Yacht Club🐶 doped face doggos aka Bored Ape Kennel Club🧪 radioactive chemistry equipment aka Bored Ape Chemistry Club.🗺️ the deeds to the metaverse that ties ☝️ this weird shit together aka Otherside

These NFTs account for ~50% of ALL trading volume among ALL ETH NFTs in the past week.

But this might be going away soon.

Because BAYC NFTs are working on their own NFT marketplace and their own blockchain too. 👀

😂 Milky Meme Of The Day

💰Answer💰

Let us know what you think 👇

If you want more doodh then, be sure to follow our Twitter (@DoodhwalaDaily)

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.