Gm☀️

Surprise! We're shaking things up with a bonus Tuesday edition of Crypdonuts, just for this month. If you guys like it, we’ll keep them coming.

Don't worry, your usual Thursday issue isn't going anywhere. Think of this as a mid-week booster to help you stay even sharper in the fast-paced crypto world.

📈 MARKETS

As traders’ rate hike fears return, it's a sea of red out there in the financial world. It all came after the job market data showed wages growing faster than expected, which means the Fed can raise interest rates without causing a recession.

DONUT HOLES

Hole lotta news…

• Binance is losing key execs, including its general counsel and chief strategy officer

• Taylor Swift had actually signed the $100M sponsorship deal with FTX, it was FTX that pulled out from the deal

• Threads blasts past 100M users in 5 days, beating ChatGPT’s previous record of 3 months

• Samsung expects 96% plunge in profits in Q2, which would make it the smallest quarterly profit since 2009

REFERRAL REWARDS

Get your $DOUGH

First it was NFTs, now it’s tokens.

We’re beefing up our referral program, and we’re proud to announce the launch of our very own meme coin: $DOUGH.

Every subscriber can participate. Here’s how:

Step 1: Find your unique referral link at the bottom of this email.

Step 2: Share this link with friends, family, or your social media followers.

Step 3: Earn $DOUGH and NFTs as they sign up using your link!

Here’s the full breakdown of referral rewards:

• 1 - 8 Golden Rules of Crypto Investing

• 3 - Lv.1 NFT

• 5 - 1,000 DOUGH

• 10 - 5,000 DOUGH + Lv.2 NFT

• 15- 7,500 DOUGH

• 25 - 10,000 DOUGH + Lv.3 NFT

• 50 - 25,000 DOUGH + Lv.4 NFT

• 100 - 50,000 DOUGH + Lv.5 NFT

• 500 - 100,000 DOUGH + Lv.6 NFT

To make it even better, we’ll reward DOUBLE the Dough for each milestone, just for this month (e.g. 2,000 DOUGH for 5 referrals, 10,000 DOUGH for 10 referrals).

Start sharing now. Tell your friends, make an announcement at your friend’s birthday party, or heck, if you've been scratching your head about your first Threads post, let it be your referral link. Let the fun begin!

ALTCOINS

Ethereum: everything you need to know

If Bitcoin is the digital gold used for storing value, Ethereum is like the digital oil, a fuel that powers various operations in the Ethereum network. It’s the second largest crypto after Bitcoin, accounting for around 20% of the entire crypto market (BTC accounts for ~50%).

The birth of Ethereum

Crypto is like a religion, and Ethereum essentially started as an altar boy from Bitcoin. Vitalik Buterin was 17 years old writing articles for Bitcoin Magazine, which he created—he was a member of the Bitcoin church.

But Vitalik said it should be more programmable—he finds a problem in the current system, proposes a solution, then basically gets kicked out of the church for doing it.

What does he do next? Started his own. He became the new cult leader, got his own new symbols and preachers, and his early believers hit the crypto jackpot.

What did it improve from Bitcoin?

Ethereum was designed to enable developers to build decentralized applications (dapps), which are basically software programs that run on a blockchain network of computers rather than a single computer. While Bitcoin exists to serve as a form of currency, Ethereum exists to be the “World Computer”. In other words, Ethereum wasn't just Bitcoin 2.0, it was a whole new game.

Enter gas fees. Gas fees are what the individual computers in the World Computer get paid for processing transactions and running dapps. And it can only be paid in Ethereum’s own currency, ether (ETH).

Naturally, as Ethereum evolved into a highly active World Computer, demand for gas increased, pumping ETH’s price up. Although ether is down from its all-time-high price of $4,891, daily gas usage has steadily been increasing.

Its followers are growing…

One of the key drivers behind Ethereum's success is its massive and vibrant community of developers. The number of Ethereum developers has skyrocketed, with 6,000 monthly active developers as of now. This is twice that of 2021 when ETH was at an all-time-high.

This ever-growing community has not only attracted more users but has also fueled the expansion of the Ethereum ecosystem. As the community continues to flourish and make useful/fun dapps, like this gambling dapp, the demand for Ethereum and the associated gas fees keep rising.

So should you buy ETH?

As always, we can’t give you any financial advice. But our view is that it’s a safer bet than most other cryptocurrencies, for reasons discussed above.

After all… It’s the second biggest crypto after Bitcoin, has an army of developers building on it, and as long as people keep using those dapps, there will always be demand for ETH.

If you want to know how to analyze ETH’s price movement and help your investment decisions, make sure to tune in next week.

💰 REWARD QUIZ

Quiz yourself, earn rewards

Did you learn something new today? Let’s see if you were paying attention. Buckle up for a 20-second quiz—we might just have a little treat for ya—just for trying!

Afraid of getting questions wrong?

Yes, the shiny 100 points are awesome, but remember, it's about getting your hands dirty and giving it a go. If you get something wrong? They stick in your memory longer, which means you learn more.

So, hop on board with the rest of our brave quiz-takers. Remember, it's ok to score a zero!

🐦 TWEET OF THE WEEK

Another day, another Zuck vs. Musk shenanigan…

Alright, that's a wrap for now 🙌. If you made it to here, let us know by voting below. Catch you on Thursday!

If you can't wait for more, follow us on Twitter for daily updates and insights.