👀 1 BIG Crypto Company To Keep An Eye On This Week

Gm, this is doodhwala, the crypto newsletter that’s as exciting as the opening day of a new Premier League season! ⚽️

LFG! 🔥

Here’s what we got for you today—

• 🥷 Voyager’s Smuggle: Voyager is smuggling Crypto out through Coinbase.

• 🏢 You're Fired!: Employees of Uniswap are now professional Rug-pullers.

• 📈 Latte and Lists: BASE apps on the rise.

• 🛠️ Resourcewala: ETH in 25 mins.

• 🍼 Doodhshots: Paris Hilton’s metaverse plans.

🥷Voyager’s Smuggle With Coinbase

Voyager. 🚢

The company that was 🤏 close to getting acquired by Sam Bankman Fried (Who…btw goes by the name Inmate 37244-510 these days)—

Voyager is set to shut down after close to a year of them applying for Chapter 11 bankruptcy.📉

But wait…there’s a bunch of signs that are pointing that they want to leave with a bang. 💥

What is this new scheme that Voyager is plotting? 🤔

Are they evil geniuses? 😈

Or just criminal masterminds? 👿

Grab that warm doodh, we have a helluva Monday story to unfold. 🥛

1️⃣ In case you didn’t know Voyager.

Mondays are a great time to reflect on what happened in the past. 😲

In case you didn’t know, here’s a tl;dr on Voyager:

👉 Once one of the biggest crypto lenders for businesses and projects.

👉 They ended up giving out too much money to certain Three Arrows Capital.

👉 Three Arrow Capital gets rekt on leverage and gets all money liquidated.

👉 Big hole of over $660 million on Voyager Digital’s sheet now.

👉 Applies for Chapter 11 bankruptcy, coz why not?

👉 Get’s acquired by FTX in September of 2022, and FTX gets rekt in November. 💀

👉 CZ brings suitcases with the bois and acquires Voyager through Binance US for $1 billion. 💰

Phew…that was some roundup. 🥱

2️⃣ Voyager never stopped selling.

Okay so the new problem is something that began this year—

When they started to sell assets through Coinbase. 🤨

Yup, earlier this year, they had some hella sus things going on-chain.

Here’s a tweet from earlier this year when they began to start selling assets through Coinbase. 👇

Guess what?

That selling hasn’t stopped yet, even though they’re now a part of Binance. 😮

Hey CZ, better check on your folk - they’re selling assets on the open market again.🤷

3️⃣ Voyager is selling in millions. Again.

After analyzing a few on-chain transactions, it was evident that the above rumors were true.

Over the last couple of days, Voyager has sold—

• Over $2.77 million worth of ETH. (>1500 ETH)

• Over $2.7 million worth of Shiba Inu. (> 250 billion SHIB)

• Total Wallet Balance now = $ 81.63 Million.

While some rumors suggest that they’re just consolidating their assets—

Others are questioning the motive behind it all.

Why Coinbase? And why now? 🧐

4️⃣ Is Voyager’s selling a threat to the market?

Well…not exactly.

FYI, a few million ain't that big of a deal in a trillion dollar market. 🤷

According to their website, the app will be shutdown on August 15th of this week. 🚫

But there is still the threat of user interpretation of events—

What if they think Voyager is a an Oatmilk producing company and want to remove all funds from the markets in general? 🤷

Highly unlikely. But still—

The question really is, wut CZ doin?

Does he want the market to crash? 💀

🚨Uniswap Drama Alert!

So, remember Uniswap? That decentralized exchange that's all the rage?

Well, they just had a tiny scandal.

An employee at Uniswap did a little sneaky-sneak with a memecoin.

And guess what? They got the boot! 🥾

Hayden Adams, the big boss of Uniswap, put it about on X (we know it hurts).

He said they had to let go of someone from the team.

Why? 'Cause they "effectively rugged" a memecoin called FrensTech. Ouch! 😬

FYI, we let go of the people who don’t love doodh in our team.🥛

Hayden was like, "Hey, just so y'all know, this dude ain't with us anymore."

And added, "We ain't about that life." (Okay, he didn't say it exactly like that, but you get the gist). 🙅‍♂️

On Twitter, this sneaky dude goes by AzFlin.

But in the real world? He's Allen Lin.

Before joining Uniswap, he was the main tech guy at some NFT marketplace called Genie. 🤷‍♂️

Just a few hours after launching FrensTech on Base, our man AzFlin shifted 14 ether (that's $25,900) using this thing called the cross-chain protocol Hop.

And guess what? He took out the liquidity he added and made off with those 14 ETH. 💰

Someone on X, who goes by the name UniswapVillain, was like, Dude sold the tokens he took out. Can you believe it?!

Like, who'd think someone with their real identity out there, working for a big name like Uniswap, would pull such a stunt?

But hey, every story has its twist!

And AzFlin? Well, he's now rocking the "(unemployment arc)" tag on X.

But on the bright side, he's like, "Lost my job at Uniswap, but hey, got 600 new followers and became the bad boy of Crypto Twitter. So, win-win?" 😂

Moral of the story? Crypto's wild, y'all.

And always, ALWAYS, expect the unexpected! 🎢

Stay tuned for more juicy updates from your fav crypto storyteller!

📈 Latte and Lists: BASE Apps On The Rise

Bald boi Brian’s new chain BASE has begun adoption within less than a week of launching! 📅

The last time so many people rushed to adopt something—

It was for that frikkin Boba coffee made from Fresh Doodh! 🤤🥤

What began as a sus case of a meme coin called the $BALD token (Which btw has a whole conspiracy going on)—

Has now amassed a total of → over $160 million bridged to the chain.

And the TVL of all the apps on the chain has also started to pick up pace. ⬆️

WTF are those apps you ask? 📱

Well, a bunch of swaps and aggregators like—

👉 Leetswap.

👉 Rocketswap.

👉 Sushiswap.

👉 Squid Router.

A bunch of bridges like—

👉 Stargate.

👉 Layerzero.

And a lot more! And the total TVL currently stands at over $124 million according to DeFi Llama. 📊

What do y’all think about this? Will BASE start picking up massive adoption soon? 🤔

Hit reply and let us know what you think! 👇

🛠 Resourcewala: Ethereum In 25 mins

Bro, remember when you thought the internet was just a phase? 😂

Well, don't let Ethereum be THAT phase for you. 🧐

Ethereum, our beloved blockchain, is NOT just about Ether (ETH) coins. It's wayyy more dope than that! 😎✨

From powering DApps and NFTs to making you cry when the gas fees rise, Ethereum is literally the backbone of most of the web3 shenanigans happening today. 🌐💰

So, wanna get ahead of your pals and flex your Ethereum knowledge? 💪

In this resource, we gonna learn:

• What's Ethereum? (No, it's just not other Bitcoin)

• Why Ether ≠ Ethereum.

• How to sound cool at parties discussing Ethereum.

LFG! 🔥🔥🔥

🍼 Doodhshots: Paris's Metaverse Makeover

• 🏛️ SEC Overstep?: The Blockchain Association accuses the SEC of trying to 'Usurp Congress's Authority' in the Coinbase lawsuit. Overstep or just oversight?

• 🛑 Curve’s Cover: After a staggering $62M hack, Curve Finance promises to reimburse its users. Pockets back in place?

• 👑 Queen of the Metaverse: Paris Hilton set to redefine how brands strut their stuff in the Metaverse. Ready for a Hilton makeover, Meta?

• 🐦 Tweeter Trouble: Twitter's crypto scam lists led users down a $870k rabbit hole in just a year. Tweet cautiously!

• 🚫 Sunshine State Scammers: CFTC busts residents from Florida, Louisiana, and Arkansas over shady crypto dealings. Fraud's out of fashion, folks!

🤣 Milky Meme Of The Day

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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