GM. This is Milk Road, your crypto compass (we're here to guide you in the right direction).
Here’s what we got for you today:
- ✍️ Top 5 performing sectors
- ✍️ Update: it happened! $BTC.D broke its 3yr trend
- 🎙️ The Milk Road Show: Top 5 High-Conviction Investments for August 2025 w/ Eric Jackson
- 🍪 The SEC delayed its Solana ETF decision to October
Midnight network is a blockchain that focuses on privacy. Grab your $NIGHT allocation here.
Prices as of 2:00 PM ET. Click here for our Fear & Greed Index.
THE TOP 5 BEST PERFORMING SECTORS (OVER 30 DAYS) 🥇
It’s the middle of the month – so you know what that means…
Time to check in on the Top 5 Performing Sectors over the past 30 days. 🤝
Here’re where the rankings currently stand:
1/ Staking Services (+23.6%) 🥩
The leader of the pack? Lido’s DAO token ($LDO) – by a country mile!
Lido is the largest Ethereum liquid staking platform in the world (they stake $ETH on your behalf and, in exchange, give you a token that you can go and trade – allowing you to stay ‘liquid’).
It’s been a great month or so for Ethereum, so no surprise Lido DAO is pumping alongside it.
2/ Exchange Tokens (+21.4%) 🤝
The biggest/weirdest winners here: The OKX Exchange’s $OKT and $OKB tokens…
Seriously, what the hell happened here? This week, $OKT’s price damn near doubled overnight! 👇
Turns out $OKT is being phased out and automatically swapped into $OKB…but it’s happening at a fixed, pre-determined rate (if you hold X amount of $OKT, you will get Y amount of $OKB).
So when the announcement hit, $OKB ripped – opening up an arbitrage opportunity.
Here’s an example:
Say you held 10 $OKT valued at $5 each ($50 total) and were going to get 1 $OKB valued at $50 in exchange…but then $OKB rips to $100 post announcement!
You could now spend $50 buying 10 $OKT tokens, and get 1 $OKB valued at $100 in return (doubling your money).
The numbers/ratios in this example aren’t exact – but that’s the basic gist of what drove $OKT’s price up so quickly.
3/ Gaming (+14.6%)
Gaming is in the top 3? That’s weird. It doesn’t feel like the sector is all that hot? Well, that’s ‘cause it’s not.
There’s a single project skewing the numbers here, called Fren Pet – which is essentially an onchain Pokemon battler / Tamagotchi hybrid.
4/ Perp DEXs (+10.3%) 📈
Perp DEXs = decentralized exchanges that let you take out loans to increase your trade size (aka: a place where un-educated traders go to lose all their money).
$GMX (+17.4%) and $dYdX (3.3%) lead this sector.
5/ Real World Assets (+3.5%) 🏠
The project that is currently dragging the RWA sector across the finish line and into 5th place? Clearpool. 👇
Onchain Pokemon clones? Niche arbitrage plays? Outliers pulling entire sectors up?
Didn’t have that on our bingo card this month – but here we are!
Alright, now it's your turn to yap:
Which sector are you most bullish on over the next 30 days?
CLAIM YOUR $NIGHT ALLOCATION NOW
Do you hold $BTC, $ETH, $SOL, $XRP, $BNB, $AVAX, $ADA, or $BAT?
Then, you’re probably eligible for the Midnight ($NIGHT) airdrop!
Ok…but, what’s it all about?
Midnight is a privacy-focused blockchain, that:
- Ensures secure and private transactions
- Is the first blockchain to utilize Cardano's partner chain model.
- Uses a dual-resource tokenomics model with $NIGHT token and $DUST resource.
The Glacier Drop (Phase 1 of the airdrop) is open to holders across 8 chains.
You just need to have $100+ worth of a supported token at snapshot.
Grab your $NIGHT allocation here.
UPDATE: IT HAPPENED! $BTC.D BROKE ITS 3YR TREND 🔥
Man, we’re really on a ‘long held trend/breakout’ arc at the moment, huh?
First it was Bitcoin approaching an 8-year resistance line, then it was altcoins’ breakout 4 years in the making…now this:
The ~3 year uptrend in Bitcoin Dominance ($BTC.D) that we told you about late last month? Yuh, it broke to the downside on Tuesday!
Here’s why this is a good thing (...for everyone except $BTC maxis):
Bitcoin Dominance is used to measure the market share (or dominance) of $BTC in the overall cryptocurrency market.
- If $BTC.D is going up → Bitcoin is outperforming altcoins.
- If $BTC.D is going down → altcoins are outperforming Bitcoin.
Which means $BTC.D breaking a ~3yr long uptrend is another solid signal that Alt Season is approaching!
(Alt season = a time when 75% of the top 50 coins outperform $BTC over 90 days.)
But remember: the higher the chart’s timeframe, the greater the confirmation.
Right now, this is just a break on the daily timeframe. If $BTC.D can hold this 59.60% level until Sunday night – we’ll get confirmation on the weekly timeframe as well (much stronger)!
Either way you slice it:
This is a bullish signal for altcoin holders, and yet another great way to start the weekend!
(...is it too early for beers? Let me know in today’s review section down below.)
BITE-SIZED COOKIES FOR THE ROAD 🍪
This DEX solves an actual UX issue! Milk Road Swap supports both Ethereum and Solana tokens in a single interface.
Wait, no, I take it back! Scott Bessent clarifies that the US may still buy new $BTC, as long as it doesn’t use tax payer money.
So you’re tellin’ me there’s a chance! The SEC just delayed its Solana ETF decision to October.
It’s all day with these guys. The $ETH ETFs refuse to let up — vacuuming up at total of $3.37B of inflows so far this week!
Bag Labs have released their first game called CRASH.FUN. If you hold $USDC on Base, go check it out.*
*this is sponsored content.
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