?? 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 HTX , 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!???

1?? 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? ??

2?? 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 Changpeng Zhao 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. ??

3?? 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 Digital Asset Exchange .

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 - SandboxAQ ???

• 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 - World ??

• 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 Foundation ?????

• 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.

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

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

3?? 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! ??????

Crypto-institutional Mindset 101 ??

???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:

1???ODYSSEY - August Edition, Goa

??? This Saturday ?? Goa

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

2???QuillCon Goa ???

??? This Saturday ?? Goa

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

3???Web3 TranceVerse GOA

??? This Saturday ?? Goa

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

???Milky Meme Of The Day

If you want more doodh then, be sure to follow our?Twitter,?LinkedIn, and?Instagram.