🤯 A CEO goes missing...

Gm, this is the doodhwala, the crypto newsletter that loves to f*** around BUT never find out! 😎

Don’t ask how we do it tho. 🤷‍♂️

Here’s what we’re not finding out today:

• 😱 Missing CEO: This company’s CEO just went poof. What happens now?

• 💬 Catching Up with Satoshi: Catch our exclusive interview with the man himself, Satoshi Nakamoto

• 📈 Where Memecoin? Where is all the memecoin rn? Not in our wallet for sure

• 🛠️ Resourcewala: Wtf is Layer Zero?

• 🍼 Money and Love: A TikTok influencer finds out how it actually works together

CEO Goes Missing 🕵️‍♂️

Multichain.

A protocol that's having one 'multi' of a headache. 🤕

Imagine waking up to find out that your CEO is missing and your company servers are locked down tight. 😅

Yup, that's exactly what's happening to Multichain.

Remember Multichain? They were called Anyswap before they lost $8 million to a hack in 2021. 🤷‍♂️

Despite this, it was doing great, reaching a whopping $100 billion in transaction volumes earlier this year.

But wtf is Multichain anyway?

Now, here's what we're dealing with:

• 1 missing CEO, Zhaojun 😬

• $1.6 bn locked company wallet in custody 🔒

• a bunch of other blockchains caught in the crossfire! 🎯

A scam? An arrest? Just a bad week at the office? Not sure yet, but here's how it goes:

Word on the street says…

• CEO Zhaojun, and other bigwigs from Multichain, got arrested in China

• Authorities have grabbed a $1.6 billion wallet linked to the company.😱

Why? No one's telling! 😅

No official word on this yet, but it did push Binance to pump the brakes on certain token deposits.

Adding to the chaos now👇

➡️ Unreachable CEO for necessary server access

Now without the CEO, the team can't access the servers. 🔒

Imagine losing your house keys and the only key maker in your locality just... vanishes! 🤷‍♂️

So, things are getting REALLY serious (just like I get after watching a David Goggins video).

A network of nodes within Multichain, called Router5, is facing issues.

With Zhaojun gone, access to the main servers is cut off so which leaves the company unable to:

• resolve the Router5 issues

• and that continues to cause problems in its connected blockchains. 😬

And those affected chains are:

👉 HPB

👉 Ekta

👉 Dexit

👉 Planq

👉 Omax

👉 ONUS

👉 Findora

👉 Kekchain

👉 PublicMint

👉 Dyno Chain

👉 Red Light Chain

Multichain’s solution to all this?

Partners are asked to hold off on calling smart contracts running on Multichain until they sort out the server access. 🛑

The situation's so bonkers that even Coinbase had to comment.

Conor Grogan, product head at Coinbase, reassures us that today's chaos will only hit a small fraction of users, considering the low transaction output on the affected networks.👇

Despite all this, Multichain's native token, MULTI, is up 3.1% to $4.13 in the past 24 hours.

Although, it's been a rough ride with a 19% drop since last week's drama 😬

Doodhwala’s Take:

They say, "Don't cry over spilt milk." 🥛

But in this case, we’re talking about a possible $1.6 billion spill, not just some doodh.

So, it's okay to shed a tear or two (or a lot). 😭

🗣️Wanna talk to Satoshi?

Satoshi Nakamoto.

The genius behind Bitcoin.

A Billionaire if he ever unlocks his wallet.🤑

Who knows, probably also lost the keys to his wallet.🥲🔒

Do you want to talk to him?

Well, we can’t give you his number (he asked us not to).

But there’s a new A.I. Chatbot called Talk 2 Satoshi —

A one-stop to answer all questions about Bitcoin and other burning questions.🔥

This really brings us back to the age-old question.👇 

WTF is Talk 2 Satoshi?

Talk2Satoshi is a ChatGPT-based A.I. model that has been trained using→

👉 The Bitcoin Whitepaper

👉 Satoshi’s Public Writings

👉 Bunch of insightful sources on Bitcoin and the economy

To answer your questions about how —

THE WORLD’S IMPENDING DOOM CAN LEAD TO BITCOIN ADOPTION SCALING IT TO BE A VIABLE CURRENCY.

Or just, you know, about crypto and stuff.🤷

The purpose of the tool is quite simple → Answer questions about Bitcoin and economics as if they came from Nakamoto himself.🕵️

What questions can you ask Satoshi?

Anything, actually.

But if you want answers, it’s ideal to ask questions about the economy or about cryptocurrencies.

The model has a pre-disposed notion that —

Fiat currencies are bad.❌

Bitcoin is the future.✔️

Good luck asking your oat milk-drinking weak questions about strong FIAT currencies with this Satoshi.😤

The whole goal of the tool is to educate Giga chads about Bitcoin and the values it brings. 📜

The future of the tool?

The tool currently is in Beta, with the current version being slow and not having the best answers.🙊

The founder Pierre Corbin says he wants to integrate the tool to help Bitcoin companies and educators potentially leverage it to their best interests.👇

They soon plan on training the tool with a bunch of other modules—

👉 Books

👉 Articles, Publications, and Podcasts

👉 Editions of the Doodhwala

They also have a suggestion box where you can drop in your ideas about how to make it better. ✅

Of course…

We are Doodhwala. Personal friends with Satoshi himself.👬

So we asked the Satoshi tool the most burning question of all time…

Opinions about the Doodhwala. This is what he had to say.👇

Sad that we weren’t part of Satoshi’s Bitcoin whitepaper and mailing list. But he sure is a nice guy.

We met him last week to eat ice cream at Ben and Jerry’s. (Totally not a lie to prove we know Satoshi 😃)

Doodhwala’s take: We don’t need no tools. We got the real deal.🤷

But hey, if you want to learn about Bitcoin, the economy, and the right questions to educate yourself about cryptocurrencies, give it a shot!

📈 Cheese and Charts: Memecoin Volume hits ATH in May

Memecoins.

Something we all surely haven’t Ape-d into thinking we can buy a Lambo sometime soon. 🏎️

(We’ve lost our life savings. Please help.😢)

The memecoin trend itself however picked up over the last month.🗓️

Because of one damn frog.🐸

Not only did it pick up numbers, but Memecoin trading volumes also hit an All-Time High over the last month.📈

We found a dashboard that tracks Memecoin activity on DEXs. 📊

Here’s what we found👇

👉 Memecoin volume hit an All-Time High of $9.2 Billion in May.🤑

👉 Accounted for 23.35% of total DEX volume.😮

👉 Reached up to 50% of all trading volume in early May on Uniswap.🔁

The chart shows the total trading volume between Meme and Non-meme volume.

Cheggitout.👇

🛠 Resourcewala: Digging Into the Dirt of Layer 0

So you've heard of Layer 1 and Layer 2 solutions, right?

But do you know there is Layer 0 too!

But why is it important? Should we even care about it? The answer to that is a resounding YES! 💥

We're going to break it down:

• What on earth is Layer Zero?

• Why should we give a damn about it?

• How does it keep the blockchain world spinning?

LFG! 🔥🔥🔥

🥛 Doodhshots: Qatar's Loose Leash

• 🚀 Rocket Pool Liftoff: Ethereum liquid staking protocol, Rocket Pool, blasts off in the zkSync era. Time to pool in, stakers?

• 🏜️ Qatar's Oopsie: Qatar fumbles on enforcing its crypto ban, according to the global money-laundering watchdog. Too loosey-goosey, Qatar?

• 🔍 Georgian Crypto Peek: Georgian central bank plans probe into local crypto firms. What secrets will they uncover?

• 💘 TikTok's Pricey Love: A TikTok 'guru' washes COVID loans with crypto, spoiling his sweetheart rotten. Money can't buy you love, mate!

• 💵 Big Unmake: MakerDAO members vote to chuck $500M in Paxos Dollar Stablecoin out of Reserve Assets. Pax-off, Paxos?

🤣 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