📱 We received a SCAM message

Gm, this is the Doodhwala, we’re that one friend that will give you a proxy when the professor calls your roll number.

Here’s what the syllabus looks like:

• Sino se seekho

• I received a scam message

• THIS MUCH Ether was moved last night

• Taaza Tweet of the day

Sino se seekho

Matthew Graham, professional Bollywood film watcher and occasional VC, held an insightful session on “The Future of Web 3.0 in India”, along with his ragtag gang of VCs from Sino Global Capital.

Matty and Sino have been on a mission to find great talent in India who is building innovative products.

And the way Matty has been acclimatising himself to the Indian ecosystem is through a very deep and thorough analysis of…Bollywood.

Seriously. Our man has taken to Bollywood like how a baby has taken to doodh.

 But it was Dangal that finally stuck with him…

But keeping the Dangal fandom aside here’s a quick highlight of the session last night:

• India is ripe to take over the tech space because of its young and tech-savvy populace (doodhwala is young and tech-savvy btw)

• The best strategy to grow web3 in India would be to start onboarding the huge web2 gamer community we have here

• SGC (Sino Global Capital) believes in a bottom-up approach where they are spotting founders with a unique vision

• They are looking for founders who are solving challenges that have affected themselves and who understand what is truly important

• They are currently bullish on under-collateralized lending platforms like Maple Finance and on web3 games that don't suck

• The model for evaluating games at SGC is based on sustainability, engagement or “fun” rate, and ease of onboarding.

• SGC is a “stage-agnostic” fund. They invest from seed through Series B. From 100 subscribers to 1 million subscribers. 😬

Matty and Sino are OGs of Twitter and Crypto and if they are looking at India for the next phase of the web3 revolution then you know it's going to be HUUGE!

PSA: I received a scam message

I opened my email last night and saw this:

A work of art right? 🥲

No, but seriously. This is what I caught my eye:

WHAT?!

I wasn’t this excited since I found out Mc Donald’s is bringing back the Mc Aloo Tikki.

0.17 BTC = $4k or about Rs 3.2 lakh

That’s a lot for filling out a Google Form.

The thing is, I didn’t fill out any form.

But they had my email and sent it directly to me, with the message:

The website (which we accessed through a different IP, WiFi router, and device altogether) was even weirder.

It was something called Solar Donate, an iNteRnaTiOnal fInaNcIaL aSSistAncE Project showing people all over the world receiving Bitcoin.

Notice how everyone in the pic above received fewer BTC than I did.

This is a classic strategy of enticing the victim by promising them more than everyone else.

At the bottom of the screen it asked me for:

• My name

• My email (already filled)

• My BTC address

Once you put in this the message says you’ll receive a BTC donation from participants.

Now, of course, like that one dry fruit barfi I hate, I didn’t bite.

My guess is it’s a wallet drainer!

Once you enter your address, instead of receiving any funds, your wallet is drained of funds.

Doodhwala’s tip: If you receive such messages, delete them faster than you cut a HDFC credit card sales call. Don’t interact with the email, don’t go to the website (like we did 🤦🏽‍♂️), and don’t give out your address.

THIS MUCH Ether was moved last night

After ETH moved past $2k weird things happened:

• Brentford beat Manchester United 4-0

• Laal Singh Chaddha tanked on release

• We added cheeni to our morning chai

• A big Ethereum whale moved $250 mil

That’s right! We can finally afford sugar.

Back to the whale — 0x4bAf012726CB5EC7Dda57Bc2770798A38100C44d — which moved 145k ETH worth $250 million or Rs 2,000 crore

Wait tho, what’s a whale:

But this whale isn’t just any whale.

It’s a whale that took part in ETH’s first ever drop.

⏮ Quick backstory ⏮

Back in 2014, the Ethereum developers sold about 7 million ETH worth $2.2 million (Rs 175 crore) as part of an initial coin offering (ICO).

This whale wallet was one of them.

And this is only the second time the whale moved their ETH dough.

The first was in 2019 (moving 5,000 ETH), and the second on Aug 14 (145K ETH).

We did some digging and found the account took the 145k ETH and split it into 10 addresses.

4 of the 10 addresses took in 20,000 ETH each, or about $37 million, the rest took in 2,000 - 15,000 ETH.

The good thing is the wallets aren’t crypto exchange wallets, so there’s no immediate chance the ETH would be dumped.

Could you imagine if 145k ETH would be dumped in one go?

Why did so much ETH move? Like Big Boss watchers, we love the goss 💄

Some are speculating it’s a dump before The Merge. Others say, it’s just to freak the hell outta people!

Stay tuned because the doodhwala is keeping an 👀 on this and we’ll be dropping some 🔥 content around the ETH merge soon.

Taaza Tweet Of The Day

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 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.