Today’s issue is presented by Cross Finance – the innovative team blending banking with blockchain seamlessly, akin to peanut butter and jelly, all powered by their cutting-edge L1 blockchain, dApps, and payment card.
Immerse yourself in the winds of change on CoinList’s testnet, where developers and users can come together to participate in the excitement!
Greetings! Welcome to the Milk Road. A newsletter packed with flavor, you might as well call us Ragu.
Here’s what’s on the menu for today:
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How about putting the U.S. budget on the blockchain? 👀
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Featured Graphs: Bored Apes and Bitcoin ETFs 📊
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Exploring why it’s still considered ‘early’ in the cycle… 👇
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Another delay for ETH ETFs 🍪
The Milk Man abides by two rules:
Both yield the same outcome: tempers flare, expletives fly, and chaos ensues.
No political debates today. However, there was something that recently caught our attention…
Robert F. Kennedy Jr’s recent rally in Michigan. During the event, he made commitments like:
This may sound far-fetched, but it’s actually quite plausible.
Did you know: The Pentagon has flunked 6 consecutive audits. Yes, SIX IN A ROW!
In the latest audit, the Pentagon could only verify half of its $3.8 trillion in assets (including equipment, facilities, etc).
That’s $1.9 trillion… vanished into thin air. No one can account for where the funds went or how they were utilized.
Implementing blockchain technology might offer a solution.
Do we believe it will materialize? Probably not.
This scenario resembles the extravagant pledges made by sixth-graders running for Class President… “No more homework! Pizza Day, every day!”
Make payments and conduct transactions using cryptocurrency as swiftly and effortlessly as traditional currency.
The CrossFi app enables users to establish accounts in fiat or cryptocurrency, acquire a physical payment card, and link to non-custodial wallets through a secure, decentralized application.
Users retain the responsibility of managing their funds and can pay merchants accepting Visa via a physical or virtual card.
The era of crypto payments has arrived and awaits your participation!
Developers and users have the opportunity to earn a share of \(6 million worth of \)MPX coins by contributing to CrossFi’s testnet. Seize the opportunity by joining early.
Join CrossFi’s testnet, and stay updated by following them on Discord and Telegram for the latest developments!
Note: Please be advised that the testnet is inaccessible in the US or Canada. For more details regarding the testnet, utilize a VPN or visit the CrossFi website directly: Users & Developers
1/ The Bored Apes are facing a downturn…
This chart in the crypto world is truly startling:
Bored Apes were once the cream of the crop in NFTs…
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In April 2022, the cheapest one was ~120 ETH
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Fast forward to today, Bored Apes are selling for ~12 ETH
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That’s a 90% decline! Ouch
This piqued our curiosity aboutyouropinion…
Question of the Day: Do you believe Bored Apes will ever reach 100 ETH again? (click on your response below, and we’ll reveal the results later this week!)
2/ Bitcoin ETFs are gaining momentum!
There’s good news and bad news.
It appears that the ETF ‘honeymoon phase’ might be coming to an end…
On the bright side… new ETFs are being introduced!
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Hong Kong’s Securities and Futures Commission (SFC) has officially sanctioned several spot BTC and ETH ETFs
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These ETFs will commence trading on April 30th
Just when we thought the ETF frenzy was fading…
Editors Note: The crypto atmosphere is currently filled with fear, uncertainty, and doubt. You might be anxious. You might have panicked.
But fret not. Astute investors anticipate and prepare for multiple setbacks during the bullish phase.
If you’re interested in enhancing your risk management skills, check out one of our recent PRO Reports “ Are You Ready For A 30% Pullback?”
“I feel earlier to crypto now than I felt in 2012” – Santiago R Santos, aka Punk #9159
Are we still at the nascent stage of the cycle? Kyle and Santiago argue in the affirmative!
Discover their insights on the latest Milk Road Radio episode 👇
YouTube | Spotify | Apple Podcasts
P.S. – Are you passionate about crypto, podcasts, and possess expertise in creating, editing, or managing video/audio content?
We are recruiting a Podcast Manager for Milk Road Radio to assist us in expanding the podcast, identifying top-tier guests, researching and preparing episodes, and producing premium content for the Roaders.
Apply here!
Gamium is a decentralized social platform aiming to transform the “SocialFi” landscape through MSTs – tokens that convert social influence into tradable assets. This empowers individuals worldwide to invest in the growth potential of their favorite creators while rewarding them for their contributions. Join the Beta today!
U.S. prosecutors are seeking a 36-month prison term for Chanpeng Zhao (also known as ‘CZ’). The former CEO of Binance admitted guilt to anti-money laundering and sanctions violations in late 2023.
The U.S. Securities and Exchange Commission (SEC) is requesting a $5.3 billion fine for Do Kwon and Terraform Labs. Kwon and his company were held accountable for providing misleading information to customers about the safety of investing in its algorithmic stablecoin Terra USD (UST) and the utility of its underlying blockchain.
Block has developed a three-nanometer Bitcoin mining chip. The digital payments company (co-founded by Jack Dorsey) intends to offer standalone mining chips and a complete mining system.
The SEC has postponed its decision on approving/denying Grayscale and Franklin Templeton’s ETH ETF applications. The agency has extended the deadline to June 11, 2024, following which it may approve, reject, or initiate further proceedings.
Binance is introducing a ‘copy trading’ feature. Users can mirror and automatically execute the same trades as eligible “lead traders”. Lead traders receive a 10% profit share and a 10% commission rebate from followers.
Interested in collaborating with the Milk Man? We currently have 6 open positions (including 2 new ones) – explore them and apply here!
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ROADER REVIEW OF THE DAY
VITALIK PIC OF THE DAY
— Milk Road Images (@MilkRoadImages)
Apr 24, 2024
DISCLAIMER: This newsletter does not provide financial advice. It is purely educational and does not constitute investment advice or a solicitation to engage in buying or selling assets or making financial decisions. Please conduct thorough research and exercise caution.