👀 5 Big Things You NEED To Watch This Month

Gm, this is the doodhwala, the crypto newsletter that arms you with info to make decisions like the Terminator ready to go to war. 🔥

It’s time to battle! ⚔️

Here’s the info for today:

• ⛽ Reserve Problem: Huobi’s reserves have gone poof. Justin Sun says it’s FUD.

• 🔓 Upcoming Unlocks: Here’s 5 unlocks to look out for this month.

• 📈 Cheese and Charts: Where’s the activity?

• 🛠️ Resourcewala: Why do Institutions want crypto?

• 🍼 Doodhshots: PayPal’s new Stablecoin bet.

⛽ Where Are Your Reserves, Bro?

One more exchange has officially entered the FUD zone. 🤭

And this time it’s none other than Huobi—

Backed by none other than His Excellency Justin Sun himself. ☀️

There are some rumors floating around Huobi, and it doesn’t involve anything good as of now.🥴

Is Huobi getting bankrupt?

Has the Chinese team arrested the C-Suite of Huobi?

And where’s my damn money?💰

Time to understand how their reserves went poof! 💨

1️⃣ Where it began.

It began with a report that came out from Nansen stating the total outflows from Huobi’s stablecoin reserves—

Was $49 million! 💸

And not just that, rumors started spreading about Huobi’s Senior Executive team being arrested and detained in China. 🙄

Let's not forget—

Huobi is one of the largest exchanges in the Asian markets, with China being its largest customer base. 🫂

But crypto is banned in China. 💀

And with reports of Binance making over $90 billion in transactions illegally in China—

How the frick is Huobi still functioning? 🤔

2️⃣ Justin Sun says it’s all FUD.

His Excellency Justin Sun took his excellent time to let everyone know that it's all FUD.

Hey you can't do dismiss all claims so easily. That's what CZ does! 🤷

Well, Justin may say it's all FUD, but there's probably good reason for it as well.

While rumors could be false about the arrests in China, it is true that Huobi reserves are down. Down bad.

Because on-chain data from Huobi shows that their total balance is down from $3.1 billion at the beginning of the year → Down to $2.5 billion. 📉

3️⃣ Exchange-based tokens, and the problem with them.

Well, there is one big problem with exchanges and their reserves—

The quality. 🤌

Just like fresh doodh can be tested on quality, so can exchanges reserves. 🍼

And it just so happens that a good majority of Huobi's reserves are in assets that Justin has huge influence and control over. 💀

Here are the major chunks of Huobi's reserves—

👉 26.54% in TRON.

👉 20.32% in Huobi Token.

👉 35.48% in Bitcoin.

Almost feels like the Huobi exchange is just a piggy bank for Justin to store his shillings. 🤷

Same case with Binance.

Same case with Kraken.

Same case with FTX. Ohh, wait.

So the question of the hour is - Is it okay to invest in an exchange ever almost 80% of its reserves are in liquid assets that can possibly be controlled by the Exchange? 🤔

We deliver doodh, we'll stick to that. 🥛

But hey, if you're an exchange that survives on hope, might as well be a bank then. 🧐

🔥5 Upcoming Token Unlocks: August Edition

So you thought July was lit? 🔥

Get ready, because August has some wild tokens unlocking!

Like, major unlocks happening! 🤯

But don’t stress. We got you covered with all the deets! 😎

But before we dive into unlocks, let's make sure everyone's on the same page with a mini crash course (and not the market kind 😉).

Wtf is Token Unlock? 🔓

Picture this. It's like that moment when a hot new sneaker drops.

You know, the kind everyone's been waiting for? There's hype, there's demand, but only a limited supply.

Now replace 'sneaker' with 'crypto token', and you've got a token unlock!

Basically, it's when certain tokens, initially held back (or "locked"), are released into the market. 🔓

This happens on a pre-decided schedule, often to the

• team

• investors or,

• other early participants

Now, what happens when a bunch of tokens suddenly shows up at the party? 🤔

Well, it's simple supply-demand.

More tokens could mean more sellers, and this could lead to a dip in the token price. 📉

But remember, it's all 'could' and 'might'.

Crypto has a mind of its own, after all (that’s why it’s called decentralised). Iykyk.

Now, the age-old question. 👇

Is it the community or the investors who tend to dump tokens post-unlock?

Well…

More often than not, it's the investors who have quicker trigger fingers.

Why? They're in it for the return on investment, and selling at the right time is the name of the game. 🤷‍♂️

Communities? They're more of the HODL tribe, holding on to their tokens and believing in the project's future. 🫡

But remember, it's not a rule, just a trend. 🙅‍♂️

And this is what’s happened mostly in previous unlocks.

Let's move on the unlocks. Finally!

Alright, here's a simpler take on the upcoming August token unlocks! 👍

1. $SAND - Sandbox 🔵

• Unlocking: $133.14M

• Date: August 14

• What to know: That's 16.16% of all $SAND out there. Mostly, the team, advisors, and investors will get these. Prices might drop because of this, but it's already kinda low as the unlock’s priced in.

2. $WLD - Worldcoin ⚪️

• Unlocking: $7.26M daily

• Fun fact: $WLD has a total value of $22.8B, but only $270M of it is in the market now. Most of these new tokens are for the community. Big players already hold a lot.

3. $AVAX - Avalanche 🔴

• Unlocking: $118.7M

• Date: August 26

• What to know: This is 2.76% of all $AVAX. The team and some special partners will get them. Last 2 times new tokens came out, prices dropped but not for long.

4. $OP - Optimism 🔴🔴

• Unlocking: $41.3M

• Date: August 30

• What to know: 3.37% of all $OP will come out. Investors and the main team will get these. There's a lot of excitement around $OP now, so the price might stay stable.

5. $INJ - Injective 🟣

• Unlocking: $23.4M

• Date: August 21

• What to know: 3.41% of all INJ will be released. It's for team projects. Some might be sold over a few months, so watch for price changes.

Phewwww…

Till next time! Peace out! ✌️🥛

📈 Cheese and Charts: Where’s The Activity?

Have you ever chugged a glass of Doodh and suddenly felt the urge to hit the gym? 🏋️

Well, that’s the power of Doodh - pumping you up for your daily hustle and grind. 💪

In the crypto world, Doodh = Activity on Wallets. 😮

What are those activities you ask?

👉 Transact to buy and sell crypto.

👉 Stake, lend, or borrowing of tokens.

👉 Even dealing with that scammy NFT that drains your wallet is an activity. 😭

If an address has done any of these ☝️ things, it’s considered an Active Address. 📍

What’s the fresh doodh about Active Addresses? 🤔

Well, there are significant changes in active addresses on different chains.

1️⃣ TRON has seen the sharpest fall in Active addresses, with a 23.1% dip from June to July.

2️⃣ Meanwhile, CELO has seen the sharpest rise, with a 62.3% increase in Active addresses MoM.

3️⃣ Surprisingly, ETH had a 16% decline, while Optimism had an 18.5% increase in total active addresses.😮

Which chain do you think will be the winners and losers of August?

Hit reply and let us know what you think! 👇

🛠 Resourcewala: Institutional Eyes on Crypto

Got an uncle who still thinks crypto is all about buying pizza? Or a friend who can't stop mumbling "Bitcoin is a bubble" in their sleep? We all do, right? 😴

Welcome to a new era, my friend. The Institutional Era! 🌐

Wall Street biggies are not just peeking at crypto now. They're jumping in, suits and all.

Why? Cuz they know it’s not a passing fad, it’s a REVOLUTION. 🚀

But what's their perspective? Well, today's resource is all about that and more:

• Institutional Investment in Crypto? 🏦

• Why are they into Crypto? 💡

• How are they approaching it? 🧐

Plus: What are their strategies? 🗺️

LFG! 🔥🔥🔥

🍼 Doodhshots: PayPal's Stable Bet

• 🔥 Burn Baby, Burn: Ethereum community scratches heads over a puzzling $4.5M ETH incineration. Who's got the matches?

• 💵 PayPal Pegs It: Payment juggernaut PayPal jumps aboard with a dollar-tied stablecoin on Ethereum. Stable, but still rocking the boat!

• 💲DAI-li Returns: MakerDAO turns up the profit dial, hiking DAI annual returns to a juicy 8%. DAI hard, earn harder!

• 🚀 Rising Tide: Lido paints July in gold with a soaring TVL and a 'remarkable' spike in protocol adoptions. Riding the wave, Lido?

• 🥊 Face-off: Sino Global throws a $67M claim punch at FTX-Alameda. Gloves on, let's see who stands last!

📍Web3 Events Nearby

Another weekend coming up, another meetup to attend. 😎

This time it’s Bigger & Better! We’re talking about Web3 Conf India 🏖️

Check out ➡️ meetupswala.xyz for all the side events

Here are the top Web3 Conf side events for this week:

1️⃣ ODYSSEY - August Edition, Goa

🗓️ This Saturday 📍 Goa

⭐️ Register here → https://www.meetupswala.xyz/events/959

2️⃣ QuillCon Goa 🏖️

🗓️ This Saturday 📍 Goa

⭐️ Register here → https://www.meetupswala.xyz/events/1002

3️⃣ Web3 TranceVerse GOA

🗓️ This Saturday 📍 Goa

⭐️ Register here → https://www.meetupswala.xyz/events/1011

😱 Gujju Scammers Steal Rs 43 Crore

Gujarat is known for many things. 😲

Temples, Elections, and Scams. No, we’re not talking about temple and election scams. We’re talking about crypto scams.

In 2017, Gujju scammers:

• launched 3 different crypto

• created a ponzi pyramid

• stole Rs 43 crore

Wanna know how it happened? 👀

Click the video below 👇

🤣 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