🥛 3 big moments you just missed 🔍

GM. This is Milk Road, the newsletter that makes learning about crypto smoother than Brian Armstrong’s head.

Here’s what we got for you today:

✍️ 3 big moments you likely missed
✍️ What to look out for
🎙️ The Milk Road Show: Ex-TradFi Exposes The 2025 Crypto Trap w/ Dominic Ryder
🍪 Crypto funds pulled in nearly $6B last week

Pyth is the source of truth for market data in DeFi — now revealing what’s next.

Prices as of 2:00 PM ET, provided by CoinGecko.

3 BIG MOMENTS YOU LIKELY MISSED 🔍

In the past 12hrs or so, we’ve seen 3 BIG events/announcements hit the news feeds.

(All of which could affect your bags, especially if you’ve been investing like a PRO.)

So here’s everything you missed:

1/ Grayscale flipped the staking switch

Both of Grayscale’s $ETH ETFs now provide investors with staking rewards (the first of its kind on US markets).

…and they’ve just done the same to their Solana Trust (which they’re in the process of converting into a $SOL ETF.)

TradFi-accessible yield-bearing crypto investments, coming from one of the biggest names in the space = catnip for institutional investors.

Source: @MilkRoadDaily

2/ GalaxyOne launches

Galaxy (the crypto mining/AI data center juggernaut) just launched the GalaxyOne app, a consumer-focused trading platform covering stocks, crypto & yield strategies.

Source: @MilkRoadDaily

Shoutout to our PRO All Access members who bought $GLXY alongside us last month – you’re now up more than 70%! 🫡

Source: TradingView

3/ Bitcoin logs its highest weekly close (ever)

Last night, at 8pm ET, we saw $BTC close out above its weekly resistance level of $119k – a level it has been butting heads with since July.

Now that it has been broken, the $119k level should act as support on the weekly timeframe. 👇

Source: @MilkRoadDaily

Now, here’s the kicker:

There’s even more pent-up potential momentum ready to hit this week!

Keep scrolling to learn what to look out for. 👇

PYTH REVEALS ITS PHASE 2 PLANS

Think of an airport: hundreds of flights in motion, all summarized on one departures board.

That’s what Pyth is building for blockchains: a single source of truth for real-time prices so apps can trade, settle, and manage risk on the real price of everything.

It gives the world’s largest institutions direct access to live data across crypto, equities, FX, and more. Most people never see the real prices.

Why Pyth slaps:

600+ integrations
$1.6T+ in trades secured
2,000+ assets with millisecond updates

And after taking over crypto, Pyth isn’t stopping— so any system can price anything, anywhere, in real time.

Pyth is becoming the global price layer for all of finance.

Damn.

Discover Pyth’s full roadmap here.

WHAT TO LOOK OUT FOR THIS WEEK 📆

The first full week of Uptober is now upon us!

Here’re the events we’re watching over the coming 7 days. 👇

1/ Macro 🌎

This week’s macro calendar looks a little something like this:

New York Fed Inflation Expectations data – Tuesday – A roadmap for future expected inflation (the lower the projections, the better)
Fed Meeting Minutes – Wednesday – What did the Federal Reserve talk about in its last meeting? We’re about to find out…
Fed Chair Powell Speaks – Thursday – Jerome Powell is set to yap at the Community Bank Conference this week. Will his tone be positive, negative, or neutral?
MI Consumer Sentiment data – Friday – What mood are consumers in (are they ready to spend, or are they preparing to tighten their purse strings)?
September Jobs Report (TBD) – Friday – How did the job market fare in September? (This one is marked ‘TBD’ because the release is reliant on the government shutdown ending)

In particular, we’ll be watching to see if the Jobs Report ends up getting released, as weakening jobs data is a large driver of this current batch of rate cuts.

…though, to be fair – it’s not like we really need anymore confirmation on rate reductions this year. CME’s FedWatch tool currently shows an 83.2% chance of two 0.25% cuts in Q4. 👇

Source: CME group

2/ Unlocks 🔐

We’re set to see token unlocks from some notable names this week, including: Linea (the L2 created by Consensys, makers of MetaMask), Optimism, and Aptos.

Brace for potential price impact, specifically on Linea (6.57% of supply unlocking) and Aptos (2.15%). 👇

Source: Tokenomist

3/ Charts 📈

As we mentioned in our last article, Bitcoin just saw its highest weekly close ever – and this has put $BTC in solid striking distance of its 8yr resistance level.

If we’re at or above $128,000 come 8pm ET this Sunday (when the weekly candle closes) – the resistance line will officially have been broken!

And a simple 3% move from today’s price of ~$125k would put us above that magical level. 👇