Today’s edition is brought to you by ARCrypto - the DeFi education company trailblazing on-chain asset management.
When you have a vision to change the world for the better, this is what it looks like.
GM. This is the Milk Road. We’re like Costco, we serve you the best samples of crypto.
Here’s what we got today:
- The 3 biggest winners of the week 🤑
- Milk Road Radio: the new weekly roll up is in 🎙️
- Wanna work with the Milk Man? 🥛
- More Bitcoin ETFs could be coming soon 🍪
Prices as of 1:30 PM ET. Click here for our Fear & Greed Index
THE 3 BIGGEST WINNERS OF THE WEEK 🤑
That’s another week in the crypto books! Let’s recap all the action with the biggest winners of the week.
We got 3 of ‘em (plus an honorable mention)...
1/ Bitcoin Ordinals
Ordinals (aka Bitcoin NFTs) first launched back in Jan 2023.
So when it comes to the NFT game, Bitcoin is still a baby. It’s supposed to still be crawling… but turns out this baby has been kicking ass and taking names.
In fact, over the last week, Bitcoin had more NFT sales volume than Ethereum, Solana, Polygon, and Mythos… COMBINED.
Not to mention… the top 3 most traded NFT collections this week were all on Bitcoin. (according to CryptoSlam)
The NFT rookie is putting up MVP numbers.
2/ Toncoin ($TON)
Toncoin is a Layer 1 blockchain created by Telegram in 2018.
It got a ton of hype and raised a whopping $1.7B in its token sale. (Fun fact: it’s the 2nd most successful ICO ever behind EOS - raised $4.1B).
Then, Telegram ran into trouble with the SEC (surprise surprise) and was forced to abandon the project.
That’s when a group of developers decided to take Toncoin’s open-source code and pick up where Telegram left off.
Fast forward to today…Toncoin has turned into a giant.
- $TON’s price hit $7.59 earlier this week - a new all-time high.
- Entered the top 10 cryptocurrencies by market cap. It’s currently sitting at #9 and is close to passing Dogecoin for the #8 spot.
- Fees and revenue have also skyrocketed recently. Daily revenue hit $125K on Monday - the second biggest day ever.
3/ Base
Activity on Base has exploded this week:
- It had ~3M daily transactions every day this week.
- In fact, it almost had 2x as many transactions as any other Layer 2 yesterday. Base had 3M, while Arbitrum had 1.6M.
P.S. - Milk Road Pro is dropping a whole guide to Base (including the 5 biggest opportunities) tomorrow! It’s a certified banger, you don’t wanna miss it.
Go PRO to get the report to your inbox!
Honorable Mention: The ‘Bitcoin Sign Guy’.
His government name is Christain Langalis.
Under this roof, he’s known as ‘Bitcoin Sign Guy’. And in 2017, he famously photo-bombed a Congressional testimony…
7 years later, Bitcoin Sign Guy is now auctioning off the sign!
The crazy part? He’s already received a private offer for 5 BTC (worth ~$343,000).
Don’t let your memes just be memes, kids. They could sell for the price of a house one day!
WHAT’S THE BUZZ ABOUT THE ARC’S MANAGED VAULT?
ARCrypto is here to shake things up…
Out of 2,700 vaults on Enzyme, Managed Vault ranks sixth in AUM and third in popularity among depositors. And, over the last six months, it is up a whopping 93%!
Not too bad for a decentralized platform.
With Managed Vault, you're in the driver's seat. You’ll always have 24/7 access to your crypto investment, complete transparency of all transactions, and a team of experts to navigate the markets and pump up your gains.
And did we mention there’s no need to break the bank for diversification?
They’ve got you covered with a mixed bag of top-tier spot holdings and cash-flowing liquidity pools.
Their goal is to be the leading on-chain asset manager globally. Their mission is to bring DeFi to the world. And you can join them today!
MILK ROAD RADIO: THE NEW WEEKLY ROLLUP IS IN 🎙️
It's Friday, which means the Weekly Rollup just hit Milk Road Radio—your weekly briefing on what matters for your crypto bags! 💰
- Is the Bitcoin Halving priced in?
- CPI & Macro
- Uniswap’s Wells Notice
- EigenLayer Mainnet, Base Frenzy, Ethena eUSD
And so much more… tune in. 👇
YouTube | Spotify | Apple Podcasts
WANNA WORK WITH THE MILK MAN? 🥛
Well, you're in luck…
We're hiring for a bunch of different roles!
If you're passionate about crypto and ready to leap into crypto full-time, check out our open positions.
1/ Crypto Newsletter Writer - We're looking for someone who's entrenched in the crypto world and has a knack for breaking down complex topics into enjoyable reads.
2/ Crypto Finance Analyst and Writer - We're looking for someone to provide in-depth financial savvy analysis and create simple yet informative written content about the crypto ecosystem for Milk Road PRO.
3/ Podcast Content Manager and Researcher - We're looking for someone to help curate and enhance podcast content, secure and manage high-profile guests for interviews, and ensure our team is well-prepared and informed for each episode.
4/ Social Media Manager - We're looking for someone to become the voice of Milk Road and lead our social efforts on X and other social platforms.
P.S. - You won't be working alone in either of these roles! We're simply looking for more brilliant minds to expand the Milk Man's army.
BITE-SIZED COOKIES FOR THE ROAD 🍪
The flight of Laika was interrupted! By what? Check out the video and flex your meme skills — the Cosmic Meme contest is in full swing!*
Hong Kong could approve spot BTC and ETH ETFs as early as Monday. Some analysts believe the move could unlock up to $25B in demand from investors.
Chainlink is launching a new bridge app to make transfers across blockchains safer. It’s called “Transporter” (Jason Statham not included) and will be available for Arbitrum, Avalanche, Base, BNB Chain, Ethereum, Optimism, Polygon, and WEMIX.
WOO X has introduced 3 new indices linked to memecoins, Layer 2 tokens, and the top 30 cryptocurrencies. The new MEME index includes tokens like SHIB, PEPE, and DOGE, while the L2 index monitors tokens like MATIC, IMX, and OP.
Solana developers have deployed a ‘congestion fix’ to the test network. Finally! Solana might actually be usable again soon.
Ether.fi inked a $500M deal with RedStone Oracles.Ether.Fi will dedicate $500M to help secure RedStone's data oracles, which are used to pass information between blockchains.
Tax Day is only 3 days away! Use CoinTracker, the leading crypto tax provider, to file your crypto taxes with peace of mind.*
*This is sponsored content
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ROADER REVIEW OF THE DAY
VITALIK PIC OF THE DAY
— Milk Road Images (@MilkRoadImages)5:43 PM • Apr 12, 2024
DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.
