🪂 Not 1 But 2 [new] Tokens

PLUS: Guess which illegal site is BACK?!? 📻

May 04, 2023

Gm, this is the doodhwala. The only crypto newsletter that will be with you like today’s date. 🗓️

May the Fourth be with you. 🖖

What we have for you here today:

  • 🪡 SUI Network finally drops

  • 🍋 Limewire, back with a BANG

  • 🐳 Early zkSync Whales Makin' Waves

  • 🐻 Bear Market Boss Moves

  • ⛏️ $500M Bitcoin mining operation

Happy Star Wars Day! ✨

🪡 SUI Network finally drops

Sui.

Nope. It’s not a new kinda fusion restaurant with Japanese and French food.

Anyone want a plate of croissant sushi? Or a baguette ramen? 🤢

BTW: This is what happens if you dip a baguette in ramen 👇

Sui is the name of the new blockchain network that just dropped its token – $SUI – yesterday. And it made a big splash. 🐳 

Here are some quick facts on how big Sui is right now:

📈 Market cap of $750 million

📈 Top 70 coins by market cap

📈 Trading volume of $1.7 billion

That’s ☝️ higher than the volume of – MATIC, SOL, and DOGE combined. 🤯 🤯 🤯

🥛 Doodh Fact: Exchanges like – Binance, OKX, Kucoin, and ByBit set up launchpads where users could farm $SUI tokens with native exchange coins.

But wtf is Sui? And why does it have so much hype?

Sui is short for The Sui Network, a layer 1 blockchain that’s meant for quick, cheap, and permissionless transactions.

It’s mainly meant for:

🏦 DeFi

🎮 Gaming

The reason Sui is hyped up is because it’s very very similar to another L1 blockchain that dropped in October 2022.

👉 A P T O S 👈

The reason Sui and Aptos are seen as – same (but different) but still same – is because they’re both like long-lost brothers who finally found each other.

And the ones who separated them is none other than – Facebook.

Story time. 📖

🗓️ June 2019 → Facebook launches a global stablecoin project called Libra

🗓️ December 2020 → Libra is renamed to Diem

🗓️ October 2021 → Facebook is renamed to META

🗓️ November 2021 → The guy brought in to lead Diem (David Marcus) leaves

🗓️ February 2022 → Diem shuts down

Between 2019 to 2022 when Diem was going through more ups-and-downs than an episode of Breaking Bad – a few employees quit (you can’t blame them) and they got into crypto. 🫢

From this exit, 2 companies were created

→ Aptos Labs, the company behind Aptos

→ Mysten Labs, the company behind Sui Network

Story time ova. 📘

Yes, the similarities between Sui 🤝 Aptos are plenty:

  • Both were created by ex-META (aka Facebook) engineers

  • Both use a programming language called MOVE

  • Both wanna focus on DeFi and Gaming

But Aptos’ founders have one thing that Sui’s founders simply cannot replicate. The super 🦹🏼‍♂️ villain hair of Mo Shaikh, the CEO of Aptos.

Man looks like he’s auditioning for the next Bond villain (James Bond: Aptos Till You Die)

But the two long-lost brothers have the same aims:

✅ Improve transaction speed

✅ Focus on decentralized finance

✅ Compete against – Solana

Yup, both Sui and Aptos have been called – “The Solana Killer.” Bruh I think Solana is the Solana-killer with the number of times it’s gone down. 🤣

But Solana’s co-founder Anatoly Yakovenko is all praises for Sui:

However, his criticism is – can Sui maintain its high transactions per second (at 100k TPS in the testnet) when it scales up?

We’ve gotta wait and see.

🍋 Limewire, back with a BANG

Limewire. If you’re aware of the name, it’s for 2️⃣ simple reasons:

1️⃣ You’re pretty much a millennial or early GenZ (We know, it's tough 🥶)

2️⃣ You probably illegally downloaded songs and movies through their website until it got shut down.

But if you aren’t aware, grab a glass of Doodh 🥛 and sit down, coz you’re gonna love this 😋

🗓️ 2000: Limewire develops a peer-to-peer file-sharing application.

🗓️ 2003: Limewire becomes one of the most popular P2P file-sharing applications on the internet. 🌐

🗓️ 2006: The Recording Industry Association of America files a lawsuit against Limewire for copyright infringement. (Coz you know, it’s illegal to download stuff like that)

🗓️ 2007: A federal judge orders Limewire to cease its operations. Like an Alpha chad, Limewire continues to operate while appealing the ruling.

🗓️ 2010: The US District Court in New York issues a permanent injunction against Limewire, effectively shutting down the service. 😬

🗓️ 2011: Limewire settles with the music industry for $105 million in damages.

Phew…. I hope you didn’t drink all that Doodh already! 😮‍💨

Aight, so for those of you wondering why we are bringing this up…

Limewire is back, and it’s BACK with BANG! 💥

What is the new Limewire?

The New Limewire is a platform for – creators to connect with their audiences and create exclusive content and events for their communities.

They do this by allowing creators to take full autonomous control of their community + taking a revenue split.

We know it’s on your mind, it’s kinda like OnlyFans. 💃

The only difference is → OnlyFans isn’t in crypto (yet). But Limewire is!

That’s right, Limewire re-entered last year as an NFT marketplace, where creators and fans could find a commonplace of interest, with no traces of their past existing in their current iteration.🔁

What’s the hype? 🤔

During the NFT boom of last year, they saw some traction to enter the space. Well, we all know how that panned out 💀

So they’ve decided to take a step back from that decision, and now they’re going ahead with a public token sale.

From their ‘new’ restart last year they’ve had a strong timeline to build up to where they are now. 👇

The token, $LMWR, has over a billion tokens out for the Web3 community members and is an Ethereum-based ERC-20 token 🪙

What’s the future for it look like? 🤔

🟢 The yes-yes outlook: Limewire resurrects to become a new generation platform for creators to build communities.

🔴 The no-no case: Could just be that this is yet another huge company with a legacy hoping to gain visibility with the help of the Web3 folk.

Doodhwala’s take:

Investing in a token without an inherent utility in itself can turn bad, so make sure you do your diligence before making a decision.

More importantly, finish your Doodh 🥛

🧀 Cheeze and Charts: Early zkSync Whales Makin' Waves 🐋

The ocean's full of mysteries, and so is the crypto world!

Let's dive into the early zkSync whales, shall we? 🌊

First off, what's zkSync? 🧐

zkSync is a ZK-Rollup-based L2 solution designed to scale Ethereum without compromising security, offering faster transactions and low fees.

Now, onto our whales. 🐳

The TOP 25 early bridgers to zkSync Era have been cruisin' with an average of → 32% of their total holdings on zkSync! 💰

These holdings mostly include:

• $ETH ~ $120 million

• $USDC ~ $80 million

• $MUTE ~ $10 million

So, what's the catch?

It seems there's plenty of idle capital just chillin' on zkSync. 😴

So, what could these whales be waiting for? 🤔

1️⃣ A new zkSync killer app?

2️⃣ The perfect wave to surf on?

3️⃣ Or maybe just some more doodh? 🥛

One thing's for sure, early zkSync whales are hanging loose on-chain, and we're all curious to see what they'll do next! 🤙

Got any theories on their moves?

Hit REPLY and let's talk whale-watching! 🐋

🛠 Resourcewala: Bear Market Boss Moves

Bear markets got you feeling blue? 😕

Don't worry my doodhs, we gotchu! 💪

Real wealth is created during bear markets, but people keep saying "buy the dip" like it's the only advice. 🙄

We ain't settling for that!

Time to level up with a bear market playbook! 📚

Today's resource spills the tea on:

  • How to make the most out of a bear market

  • Practical tips beyond "buy the dip"

  • A few sample portfolios for inspiration

Let's conquer the bear! 🔥🔥🔥

🥛 Doodhshots: $500M Bitcoin mining operation

  • 📉 Dollar Danger: Bitcoin and Ether could face risks from a potential short squeeze in the Dollar Index, warns QCP Capital. Hold on tight, crypto peeps!

  • 🇧🇹 Bhutan's Bonanza: Bitdeer plans to raise a massive $500M for a Bitcoin mining operation in Bhutan. High-altitude hashing, anyone?

  • 🇩🇪 Crypto Co-Stars: New York and Berlin share the limelight as they tie for 2nd place in 'Most Important Crypto Hub' survey. Battle of the crypto titans!

  • 🌕 Wallet Wonders: MoonPay unveils a retail-facing app for managing crypto wallets and tokens. Swipe, tap, and moonwalk your crypto game!

  • 📣 French Influence: French Senators say "oui" to allowing influencers to promote registered crypto firms. Will this be the baguette boost crypto needs in France? Bon appétit!

🤣 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?

Coinsets are thematic baskets of cryptos based on ideas like – Blue chip cryptos, AI and Big Data tokens, Raw Milk Drinking cryptos and more.

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.