GM. This is Milk Road, the crypto newsletter that helps you keep up without burning out.
Here’s what we’ve got for you today:
- ✍️ BTC ripping, S&P at ATHs, Oil tanking.
- 🎙️ The Milk Road Show: Solana + X Integration: The Hidden Bull Case Nobody Is Talking About.
- 🍪 A Chinese professor claimed BTC was created by the CIA.
Real Finance Blockchain is an EVM-compatible L1 that is built specifically for RWA tokenization. Read more about Real Finance Blockchain here.
Prices as of 2:00 p.m. ET. Trade today with Milk Road Swap.
BTC RIPPING, S&P AT ATHS, OIL TANKING 🎉
On Fridays, when we can, we like to find an excuse to send you off into the weekend with a big ol’ smile on your face.
But over the past month or so - that's been a tall task.
Thankfully, today, it looks like the tides are turning.
The macro backdrop has been quietly resetting all week, with U.S.-Iran tensions cooling off, day by day.
And it all seemed to come to a head this morning, with two big developments:
1. Continued peace talks between the U.S. and Iran were set for this Sunday, in Pakistan.
2. Iran re-opened the Strait of Hormuz to commercial shipping. 👇
That second one is what really set markets off.
Oil cratered from around $90 per barrel down to around $79.
(Lower oil prices = less pressure on the global economy = lowered threat of inflation = good for risk assets.)
And off the back of oil’s move down, the S&P 500 punched through to new all-time highs and Bitcoin ripped straight to $78k!
But shoot, I'm getting ahead of myself.
Because this week wasn't just a story of geopolitics.
It was also the week that a new swath of TradFi suits showed up to the crypto party, carrying very large bags of money…
THE FUTURE OF RWA TOKENIZATION
Real World Assets (RWAs) are shaping up to be one of crypto’s biggest use cases.
But here’s the gap:
There haven’t been many Layer 1s built specifically for RWAs.
Well, that was until Real Finance Blockchain came along.
Real Finance Blockchain is an EVM-compatible L1 that is built specifically for RWA tokenization.
Here’s what stands out:
- Already has $500M+ in RWAs set to be deployed
- Supports a wide range of RWAs like credit pools and lending markets
- Built for seamless compatibility across DeFi
Read more about Real Finance Blockchain here.
BTC RIPPING, S&P AT ATHS, OIL TANKING (P2) 🎉
Three of the biggest names on Wall Street all made crypto moves in the same 5-day window:
1. Goldman Sachs ($3.7T in client assets) filed for a BTC Premium Income ETF.
2. Charles Schwab ($12T in client assets) announced the launch of Schwab Crypto.
3. Morgan Stanley ($1.9T in client assets) launched their own spot BTC ETF.
Add those up and you get $17.6T worth of client assets that either have, or will soon have a direct pipeline to crypto.
These are the firms where your parents, your uncle, and the world's biggest pension funds park their cash.
And they just rolled out the welcome mat for BTC.
When the pipes connecting that kind of money to crypto start opening up, the water (cash) starts flowing.
Zooming out/wrapping up…
Two big things have been weighing on risk assets for the past month or so:
Geopolitical fear, and stubborn inflation worries.
This week, both of them started to ease.
Middle East tensions are cooling… oil is cheaper… inflation fears are easing… stocks are at all-time highs… BTC just broke $78k… and some of the biggest names in finance are moving off the sidelines and into crypto…
All at the same time!
Feels safe to say: you can now go into the weekend with a big stupid grin on your face.
(I know I will be.)
NEW FEATURE: ANALYST WATCHLISTS ARE HERE 👀
As of yesterday, our analysts' watchlists are live: the assets they're keeping their eyes on but not quite ready to pull the trigger on yet.
Each watchlist entry comes with the analyst's rationale for why it's on their radar, target prices they're watching for, and real-time updates when their thinking evolves. When something gets removed, you'll see exactly why, whether it hit their target, the thesis broke down, or they just changed their mind.
Plus, there's a full "Past Watchlist" archive so you can track the history of what came and went.
Think of it as a window into our analysts' research process before it becomes a portfolio move.
BITE-SIZED COOKIES FOR THE ROAD 🍪
The entire industry is headed to Miami. Get 20% off Consensus Miami passes with code MILKROAD.*
Nah, pass: A Chinese professor recently claimed BTC was created by the CIA. It's a catchy hook. But it doesn't pass the sniff test.
The SEC's Hester Peirce: "If we can encourage people to build here, our investors will benefit, our markets will benefit."
James Lavish: "I would be shocked if we're not bumping back up toward $100k-$125k by the end of this year and we're not hitting $150k next year."
Higher earnings rates. Lower borrowing costs. Up to 0.5% cashback. New U.S. clients get these benefits on Nexo for 30 days.**
*this is sponsored content. **this is partner content.
Read more about Real Finance Blockchain here.
MILKY MEMES 🤣
ROADIE REVIEW OF THE DAY 🥛
VITALIK PIC OF THE DAY
