😬 SBF and His Roommate Buddy Fight in Court

Gm, this is the doodhwala, the crypto newsletter that’s as exciting as watching an underdog beat a reigning champion! 🔥

Imma show you how great I am! 🥊

Here’s what we got for you today:

• 🫂 Roommates Fight: SBF and his roommate buddy go to court

• 💰 Better Than VCs?: A list of top tokens priced below Tier 1 VCs entry

• 📈 Cheese and Charts: The Great NFT Royalty Decline

• 🛠️ Resourcewala: Navigating the Bull Market!

• 🍼 Doodhshots: Dubai Loves DRAM

🧐 Friends No More?

Sam Bankman-Fried aka SBF.

The man who looks so innocent that he wouldn’t know how to use his mobile properly but does the shittiest things.

But this time it’s not about him but his college roommate who just turned on him.

Here’s the full story:

So, yesterday was 2nd day of SBF’s trial and it was fire.

Why?

Cuz of Adam Yedidia, the main witness against Sam! 🗣️

Who’s he?

SBF’s

👉 old college friend

👉 MIT roommate

👉 a former FTX developer

SBF must be deeply hurt. Well, f*ck you.

The MIT roomies who worked together are now on opposite teams. 👥

Adam, who once lived in a super fancy $35 million Bahamian penthouse with Sam and friends doesn’t love SBF anymore. 🏖️

He even hasn’t talked to Sam since November 2022.

Why? He thinks FTX might be possibly using customer money to pay back some loans. 💸

And he left the company right after realizing this. 🏃‍♂️💨

But there's more!

Adam thinks he might have accidentally helped with this.

He's worried his computer work might have been part of the problem. 🖥️

But he’s testifying against SBF on ONE big condition.

• Adam can't get in trouble for what he says in court. 🤐

• That's a promise they made to him. 👍

Then, there's another witness, Marc Antoine Julliard.

• He used FTX because of their ads.

• He knew that crypto could be risky. 🤷‍♂️

But he didn't think FTX would use his money in a bad way. 💔

Who's deciding what happens? 🤔👥

There's a group of people, called a jury, who will decide.

They're just regular people, like

👉 a nurse 👩‍⚕️

👉 a train driver 🚂

👉 a doodhwala 🥛

So wyt? Will Sam get through okay or will Adam’s testimony cause trouble? 🤷‍♂️

No matter what happens next we’re gonna deliver our doodh every day.🥛

💰 Investing At Better Prices Than VCs Did?

Bitcoin went up by 5% a few days back. 📈

It crossed the $28,000 mark after what seemed like a year but was only just a few weeks. 😅

And this 5% bump was enough to make Crypto Twitter go all Kanye 👇

But just like the current downbad market, it fell back to under $27k in just a few days. 🤷‍♂️

We all know the market is pretty rough out there. 🔻

And we also know the VC money in crypto is drying up faster than a well in the Sahara.

But what about the VC investments that were made into crypto projects in the past few years?

How are they doing? 🤔

Well, we found some interesting data on how really downbad some of these investments have become. 😬

The token prices of some of these projects have dropped even below Tier 1 VCs Entry! 🤯

You can look at this in 2️⃣ ways:

1️⃣ It’s Buying Szn:

If top-tier VCs have invested in this project then it usually indicates that it has some amount of promise. 🤑

So if the token prices have dropped lower than when these VCs invested in it then…a crypto bro might jump in on this opportunity and buy these tokens at a super discounted price.

2️⃣ Run FAR Away From The Dumpster Fire:

One thing you hear most VCs say is that they know 90% of the projects they invest in fail. 🥲

They are looking for those 1 or 2 gems that will MOON and make them all the money.

These tokens might belong in the 90% category and maybe not so much in 100x Gem category. 😅

So it's basically like playing a game of Russian Roulette.

Whether or not you play it is up to you. 🤷‍♂️

With that said…here are some of the top tokens priced below Tier 1 VCs entry:

📈 Cheese and Charts: The Great NFT Royalty Decline

Ever split a pizza with friends and realizing there's only one slice left? 🍕 

That's how creators are feeling right now with their royalty payouts.

Literally, the royalty payouts have taken a big fall. 😭

They’re down by a whopping 56% in just a month. 💸 

Just $4.2 million from around $11 million.

But here's the surprising thing! 🌀

Out of this, a massive 99% comes from just two platforms.

Yeah, just two:

• Blur

• OpenSea

And a year ago, there were multiple platforms showering creators with royalties. 🎉 

Now? Not so much.

So, what do you think? Is it just a phase or are creators really getting the short end of the stick?

Drop a comment!👇

P.S. Always go for the bigger pizza slice! 🍕

🛠️ Resourcewala:  Navigating the Bull Market!

Bull Markets? We are all ears! 😎 

But one wrong move and you're playing catch with a bull. 🐃 

And trust us, you don’t wanna do that!

This is where you need the ULTIMATE guide to run through bull markets.

We are talking about knowing your phases, booking those profits, and dodging the traps like a pro. 🚀 

Here's the gist of what's cookin’:

1. The 4 Phases of a Bull Market! 📈

2. How to behave in those phases like the Wolf of Wall Street (and no not what you think).

3. Maximizing your profits, avoiding traps, and not screwing up generational wealth! 💰

READ TIME: Quicker than you can say “Bull Run”! ⚡️

LFG! 🔥🔥🔥

🍼 Doodhshots: Dubai Loves DRAM

• ⏱️ ETF Countdown: Ex-BlackRock director hints at SEC giving the green light to a Bitcoin ETF in just '3 to 6 months'. Tick-tock, crypto clock!

• 🌍 Dirham DeFi: UAE's dirham stablecoin, DRAM, makes a launch on Uniswap and PancakeSwap. A smooth sail or a desert storm ahead?

• 🔍 BTC Watch: Trio of central banks roll out a prototype to keep an eye on Bitcoin's global moves. Satoshi would be proud!

• 🔐 ZK-Talk: Google Cloud's Web3 Lead says ZK-proofs are the real deal for financial services. Cloudy with a chance of privacy?

• ✈️ Jet Jumble: DOJ hints that Sam Bankman-Fried's swanky jets might just be seized for good. Fly high, but not too high!

🤣 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