🤩 Vitalik Wants Crypto Email

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Gm, this is the doodhwala the only crypto newsletter that never stops shufflin!

EVERYDAY WE’RE SHUFFLIN! 🕺

Here’s what we got for you today:

• 📥 Vitalik’s Email: Vitalik’s Way Of Sending Crypto Through Email

• 🇫🇷 French Platter: This French Bank Just Got The First Crypto License

• 📈 Latte and Lists: A New Bubble In The Formation?

• 🛠️ Resourcewala: Ethereum Jargons 101

• 🍼Doodhshots: Dollar backed by Bitcoin?

🧑‍💻 Vitalik's Got News!

You know how you use email? Simple, right?

Imagine if your crypto wallet was just as easy. 😲

Vitalik Buterin, the founder of Ethereum, shared this cool idea at a big event in Paris.

He called it "account abstraction." Sounds complex? Let me break it down. 🚀

It's about changing from Externally Owned Wallets (EOAs) to wallets based on Smart Contracts. 🤔

Imagine it like this:

• EOAs? That's your old flip phone. 📞

• Smart contract-based wallets? That's your brand new iPhone (or the Samsung Galaxy if you swing that way) 📲

If it works out, it will be a game-changer! 🕹️

You’ll be able to handle your crypto wallet as easily as checking your email. 💌

Yes, you heard it right! 👻

You could get back your seed phrase (the secret code you use to make transactions) as easily as you reset your email password. 🗝️

So, what's the upgrade all about? 🥘

It's called EIP-4337, also known as "Account Abstraction Using Alt Mempool." With this, you could create your own wallets using smart contracts.

This opens up awesome features like:

• Wallets for teams (also called multisig wallets)

• Quick wallet recovery (no more lost money! 👋)

• Transactions without signing (meaning lower fees 💵)

According to Vitalik, this could make Web3 really popular around the world. 🌍

His idea is simple: you should be able to get money before you even sign up. No need to hold or convert ETH. 💸

And there's more.

Cuz you know, there’s always more with us.

The upgrade will introduce "paymasters."

This means you could pay fees with whatever token you're using.

And there's something called signature aggregators— it's like having a lot of people to sign, but only one gets picked. 🖊️

Vitalik is really excited about this!

He says it could even help bring down costs by 86 times, especially with "rollups."

Wtf are those now?

But that's not all.

Ethereum's got another upgrade – EIP-4884, coming up. This one aims to use data more efficiently and cut costs. 🚀

Doodhwala’s Take:

Vitalik’s just another doodhwala trying to make the crypto world simple and easy to understand except he isn’t cringe like we are. 😬

💰One Dashboard For ALL Your Crypto

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🤌 France Approves its First Crypto License

France. 🇫🇷

The country of exquisite cuisines and fragrances. 🥙

The country that bakes the best bread.🥖

The country of riots love. 💞

France has now joined the list of countries that are paving the way for cryptocurrencies to thrive.

With Societe Generale, a major bank in France, obtaining France’s first crypto license - what’s in store for the France story?

Hope you paid attention to your french classes - coz “les choses sont sur le point de devenir épicées 🌶️”

Translation – “things are about to get spicy 🌶️”

Understanding the Win 🥇

Let's break down the spaghetti for now— (Casually infuriates the Italians as well 🍝)

Societe Generale is the biggest bank in France.

And in the top banks globally as well. 📊

Guess what?

☝️These pure cow milk chuggiñ dudes have a crypto division called Forge. And Forge got approved yesterday to legally be an entity that can offer crypto services. 🤑

Services like:

👉 Custody

👉 Trading of securities

👉 Sales of securities

…and many more. 😮

French Bank becomes → French Monopoly soon? 🤐

First come, First serve (NOT!) 🥴

Literally, the funniest part of this whole story is the way Binance got ‘Seenzoned’. 🤣🤣🤣

For context:

Binance and their team have been running behind French regulators to secure the same license that Societe Generale just did.

But..for some wierd and totally unrelated reason reason…the bank with the fat cheques ended up winning in the end. 🤷

Binance be like:

Doodhwala’s take: A great win for traditional banks trying to enter crypto.

A glass of doodh to celebrate? 🥛

📈 Latte and Lists: Lend your doodh Crypto

Crypto lending can be as regretful as lending your car to that friend who gives it back with an empty gas tank.

But seems like people are ready to face the consequences because lending is 🚀.

Yep, you heard that right.

Crypto lending the new big thing in crypto, and it's gaining more friends than an introvert at a family function.

Lending comes at the 2nd place among all the other crypto things with a TVL (total value locked) of $15 billion.

And this sector's growth isn't being led by the big, old companies.

Instead, it's the agile, smart ones that are setting the pace.

Here are a few to watch: 🌟

• $RDNT: They're lending across all kinds of chains.

• $COMP: These guys have rates that set themselves - Autonomous Rates.

• $AAVE: This is the largest Money Market around - think of it as the popular kid everyone wants to hang with.

• $MORPHO: They're optimizing lending like a pro.

But is this just another bubble waiting to pop or a steady dairy cow ready to give us the creamiest milk of crypto? 🤔

Let us know what you think below!

🛠 Resourcewala: Decoding Ethereum’s Jargon

Ever tried explaining Ethereum to your grandma and ended up sounding like you've lost your touch?

Or maybe you're a newbie trying to decode crypto lingo and getting bamboozled?

Yeah that’s the word of the day.

Don't worry, cuz today's resource talking ALL about:

• Accounts in Ethereum: What are they? 🧐

• Transactions in Ethereum: How do they work? 🤔

• Gas: What the heck is it? 🤨

PLUS: Block Gas Limits: The real magic? 🎩

READ TIME: Quicker than Thanos' snap! 💥

🍼 Doodhshots: Dollar backed by Bitcoin?

• 😨 Binance Troubles: Binance temporarily paused orders on a few select pairs due to issues that arose during an update. When will things actually be SAFU?

• 💵 BTC-backed Dollar: Presidential candidate RFK Jr. has vowed to back the US dollar using Bitcoin if he becomes president, and also cut taxes. Crypto bros screaming rn!

• 🗨️ Telegram Expose: Telegram CEO Pavel Durov revealed that he owns some Bitcoin and some TON coin. What da CEO doin?

• 😠 Asset Liars: A recent poll by coinshares revealed that Asset managers back Bitcoin but hold more Ethereum. The tomfoolery they play on us!

• 🇬🇧 Bri-ish moment: UK regulators are warning users that they could end up in jail for endorsing crypto products and memes. Funny innit?!

😎 Still Here? Get The Modi Reward.

Mitron!

You’re still here? You must be a straight raw milk drinker.

And just for that, we’ve got a gift for you. 500 B T C. 🤑

Lol, we can’t even afford 0.0001 BTC. But Modi can, and back in 2021 he wanted to give away 500 BTC to his Twitter followers.

Or did he?

Click the video below and find out 👇

🤣 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