GM. This is Milk Road, the ‘daily vitamin tablet’ of crypto newsletters – we boil everything down into one, easy to swallow pill!
Here’s what we got for you today:
- ✍️ What to look out for this week
- 🎙️ The Milk Road Show: Is the Bitcoin Top Coming in Q4 2025? Market Analysis & Prediction w/ Frank Corva
- 🍪 Reports of a large-scale exploit affecting wallets and chains
Walrus is making blockchains faster, cheaper and more secure. Click here to learn more about Walrus.
Prices as of 2:00 PM ET. Click here for our Fear & Greed Index.
WHAT TO LOOK OUT FOR THIS WEEK 📆
Wondering which events could help/hurt your portfolio this week?
Say no more:
1/ Macro 🌎
Here’s what’s on the macro calendar. 👇
- 12-Month BLS Data Revision – Tuesday – The Bureau Of Labor Statistics revises its past job data and adjusts any previous inaccuracies
- August PPI Inflation data – Wednesday – How much has the cost to produce wholesale goods gone up or down?
- August CPI Inflation data – Thursday – How much have consumer prices gone up or down?
- MI Consumer Sentiment data – Friday – Taking the temperature of the American consumer space (happy consumers are a proponent of a healthy economy)
- MI Inflation Expectations data – Friday – an outlook on inflation over the next 1-5 years
The Federal Reserve has made it clear they’re now more concerned about the weakening jobs market than about inflation – so the event we’re focused on this week is the BLS revisions.
(As they’ll likely have a greater effect on rate cut decisions than any of the CPI/PPI inflation data.)
And honestly, we’re in a pretty great spot right now – the question is no longer about when a cut will happen – but instead, by how much.
According to CME’s FedWatch Tool – it’s now showing a 100% chance of a rate cut this month, with the debate centering around whether it will be 0.25% or 0.50%. 👇
Remember: crypto loves rate cuts (they push fresh cash into the economy → some of which finds its way to crypto) – so we’re in a pretty great spot right now!
2/ ETFs 🏛️
As we mentioned in our September Roadmap story from last week – this ain’t the best month for crypto, historically.
And that weakness has started to reflect across the ETFs…
While the $BTC ETFs pulled positive net flows of +$246.42M last week – they’re still a ways away from the multi-billion dollar weeks they were consistently ripping as recently as July.
And Ethereum is having an even rougher time of it…
The $ETH ETFs had a stellar August, pulling in $3.87B – but have seen a bleed of $787.74M in the first week of September. 👇
We’ll be monitoring for any further cooldowns – but right now, history + looming rate cuts are telling us to keep our fingers well and truly off the panic button.
Oh, and for the animal spirits – we have this:
But the biggest movement we’re seeing this week is in Digital Asset Treasuries (DATs).
Keep scrolling to the next article to see what’s coming down the pike. 👇
WEB3’S PRIVACY ISSUE: FIXED 🤝
Imagine if Google made it so anyone with the right link could access your online data.
(It’d be bedlam!)
…now get this: in web3, that concept isn’t a hypothetical, it’s a reality.
Thankfully, Walrus is about to close this privacy gap with the launch of Seal – their decentralized secrets management service.
Seal’s use cases are FAR reaching! For example:
- AI marketplaces: share proprietary training data while gating access
- Gaming: reveal encrypted in-game content as players reach certain levels
- Messaging: encrypt attachments & chat logs with recoverable access
Ready to super charge your web3 app?
Click here to learn more about Walrus!
WHAT TO LOOK OUT FOR THIS WEEK (P2) 📆
When it rains, it pours.
And this week we’ve got some golf ball-sized hailstones forming in the DAT space…
3/ Digital Asset Treasuries (DATs) 💰
Forward Industries (treasury asset: $SOL, company ticker: $FORD) just announced they’ve raised $1.65B to ape into Solana. 👇
An S-4 was just filed with the SEC, proposing the merge of Sonnet BioTherapeutics and Rorschach, to create Hyperliquid Strategies Inc.
(Saving the strangest for last…)
A $250M Worldcoin treasury company was just announced – and $20M of that raise is coming from the coffers of $BMNR (the world’s largest Ethereum DAT).
It’s DATception, if you will:
(Get a deep dive on how to value crypto treasury companies here.)
4/ Podcasts 🎙️
And if all of that isn’t enough for you – we’ve got yet another stacked week of podcasts:
- Sep 8th: Frank Corva – White House correspondent at Bitcoin Magazine – The Milk Road Show
- Sep 9th: Samim Ghamami – former economist at the SEC – Milk Road Macro
- Sep 10th: Nick Plays Crypto – animal spirit whisperer – Milk Road Degen
- Sep 12th: Alexander Cutler (co-founder of Aerodrome) and Merlin Egalite (co-founder of MorphoLabs) – The Milk Road Show
Alright – that should see you through the week!
(Mark your calendars, set your reminders, and make your offerings to the crypto gods.)
Milk Man out. 🫡
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HEADS UP: There are reports of a large scale exploit effecting a range of wallets/chains — users are being told to avoid making transactions for the time being.
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It’s a bidding war at this point. Meet the four teams vying to build Hyperliquid’s $USDH stablecoin — DL News.
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