???? End of Crypto in America?
Gm, this is the doodhwala, the crypto newsletter that’s all about the PUMP but never the DUMP. ??
Here’s what we pumpin’ today:
?????End Of Crypto in America?
America. ????
It’s the country that gave the world:
Now, America is giving HELL…
…to???M?e?x?i?c?a?n?s??crypto companies. ??
The SEC has been screwing around with crypto companies and going after them whenever they feel like it, for the LONGEST time!
The current chairman of the SEC was?grilled?exactly for this reason last month. ??
And this utter state of uncertainty has pissed off just about every crypto company in that country, including:
And 2?? of these 3?? companies took BIG steps yesterday to show how pissed off they ACTUALLY are with the U.S.
They are actually leaving the U.S!???
1?? Coinbase
The second largest centralized crypto exchange in the world is facing the heat of uncertain regulations in the U.S.
?? Current market cap →?~$12 billion
?? Customer holdings →?~$200 billion
The company recently announced its plans to expand its offerings by adding BTC and ETH perpetual futures to its platform.
Wtf are perpetual futures????
Perpetual futures are a type of derivative financial instrument that allows traders to speculate on the price movements of various tokens without actually owning them.
However, Coinbase has decided to launch these futures by creating a NEW international exchange rather than the U.S. exchange.
Why? →?Because of the uncertainty of U.S. regulations.???
So everyone OUTSIDE of the U.S. can access this service from Coinbase. (Now, that’s a first!???)
2?? Gemini
This is another centralized exchange created by America’s fav twins and Mark Zuckerberg’s nightmare duo— the Winklevoss twins. ??
?? Current valuation→?~$7 billion
?? Customer holdings →?~$1 billion
Gemini has also launched a new platform that will offer its customers access to offshore crypto derivatives trading. ??
Mainly in countries like:
And what’s the reason behind this, mah Winklevoss bros????
Same as above → “Due to the regulatory uncertainty in the U.S.”
Doodhwala’s Take:
The uncertainty surrounding U.S. regulations for crypto continues to cause headaches for crypto exchanges like Coinbase and Gemini. ?? ♂?
And their?flight or fight?response has now changed to flight after constant fights. ??
Biggest loser from this? →?US of A. ????
So much capital and value have started to move out of the country. ??
While these are just proactive steps to expand their offerings and provide better services to their customers…
…regulatory clarity is crucial for the long-term growth and stability of the crypto market.
Let's hope that the U.S. government gets their act together and provides better stability than a three-legged table. ??
???Darknet's $30 Crypto Account Deal
Hackers are having a blast in the dark corners of the internet…??? ♂?
…selling hacked, verified crypto accounts for as low as $30!
It's like finding Gucci bags at a thrift store – but way more illegal.???
But how do we know about these $30 accounts?
Introducing…??
???The Dark Web Price Index ??
No, it’s not a stock market for hackers (though it’s a good name).
It’s a research paper by?Privacy Affairs.
And it gives us a glimpse into the murky depths where cyber bad boys are trading fraudulently snatched financial account deets. ??
Here's a lowdown of some prices for those stolen accounts:
?? Kraken verified account: $1,170
?? Binance verified account: $410
???Crypto.com?verified account: $300
?? Coinbase verified account: $250
These figures show a significant ?? from last year's rates.
In 2022, hackers were shelling out a measly $120 and $250 for verified Coinbase and Binance accounts, respectively.
Talk about inflation!???
Have a look ??
But wait, there's more!
They're also peddling other account info like:
Stolen credit cards sold on the dark web??
Hacked accounts are no joke in the crypto world.
People lost their entire life savings thanks to attacks like SIM swaps. ??
A Coinbase user recently filed a lawsuit after losing 90% of their life savings in a "SIM swap" attack. ??
PrivacyAffairs.com?dropped a bombshell study, REVEALING that an individual's personal data is worth a staggering $1,010 on the dark web! ?? ??
They found that online banking logins, credit card deets, and social media creds can be snagged at scarily low prices.
For example:
And if that doesn't freak you out enough, for just about $1,000, crooks can get a FULL suite of documents and account details that let them commit identity theft. ??
This package includes:
?? Heck, they can even score a European passport for an additional $3,000, allowing them to potentially wreak some major havoc.
Doodhwala’s Take:
So, while OpenSea and Blur battle it out in the NFT space, hackers are busy making bank on the dark web.
The cybercrime world is like the wild, wild west of the internet, where anything goes – but remember, crime doesn't pay (unless you're the one selling hacked accounts, apparently) ??
???Cheese and Charts: Liquid Staking overtakes DEXes???
Liquid Staking is taking over the world! ??
Well, at least the DeFi space for now. ??
For the first time in history, Liquid Staking has surpassed DEXes in Total Value Locked (TVL), making it the leading category in DeFi by TVL dominance ??
Holup…What’s Liquid Staking tho? ??
Liquid staking?allows users to stake their crypto and receive rewards while still retaining the ability to use the assets as collateral for other purposes.
Although, not the same as Liquid Doodh??? (The Ultimate Liquid!)
In easy terms, here’s what liquid staking is:?"Own a house worth $100k. Tokenize it for collateral without locking it up using liquid staking.”???
Now that Liquid staking is taking over the DeFi space, what’s next for DEXes?
Will they stay relevant for long???
Who knows, we’re just?watching! ?? ♂?
???Resourcewala: World of Whale Watching???
Whale watching ain't just about spotting Moby Dick in the ocean.
In the world of crypto, "whales" have a whole new meaning.
These big fish hold enough crypto to make or break markets.
And guess what? You can track their moves! ??? ♂?
So today, we bring you an intro to whale watching in the crypto ocean:
LFG! ??????
???Doodhshots: Coinbase Caught ?? ?
???Milky Meme Of The Day
?? Don’t be dumb, be crypto smart
Look we dunno how to invest in crypto. ?? ♂?
So what we do is buy everything in one shot, through something called Coin Sets.
Tf are Coin Sets?
Coinsets are thematic baskets of cryptos based on ideas like – Blue chip cryptos, AI and Big Data tokens, Raw Milk Drinking cryptos and more.
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