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GM. This is Milk Road. Happy FOMC day to those who celebrate!

Here’s what we got for you today:

• ✍️ FED cuts rates by 50 basis points

• ✍️ 5 reasons to stay in the market

• 🎙️ The Milk Road Show: Have Crypto Prices Bottomed or Are We Going Lower? w/ Kyle Redhead

• 🍪 USDS & SKY now live on Ethereum via Sky Protocol

Prices as of 9:30AM ET. Click here for our Fear & Greed Index

FED CUTS RATES BY 50 BASIS POINTS 🔪

Here it is folks – hot off the presses!

Source: @KobeissiLetter

Let’s jump right into some early takes, insights, and announcements from Crypto Twitter:

1/ “Recession? No. Banana Zone.” – The High Yield Market

Source: @Tyler_Neville_

2/ 2025 GDP forecast: unchanged 💪

A 50 bp cut into what the Fed sees as a healthy economy = great news.

Source: @zerohedge

3/ Hungry for more cuts? We have more great news…

Source: @GRDecter

Ok, what about Jerome Powell’s speech, following the rate cut announcement?

We’d put it like this: If you’d have taken a shot every time J Powell said "confidence" or "recalibrate" – you’d most likely be in the market for a new liver.

(Or maybe not? You’re doing shots at 3pm on a Wednesday – sounds like you might be the type to have a tolerance).

Here’s the picture Jerome is painting with those key words:

The Fed has “confidence” that inflation will continue to trend down to 2%, as unemployment stabilizes – while they “recalibrate” their policy.

Translation: J Powell thinks he can bring the economy in for a soft landing (aka: beat inflation without entering a recession).

Alright, that’s everything we’ve got for now! 

These cuts were announced just over an hour ago, so we’ll keep you up-to-date on any further developments between now and tomorrow, on X/Twitter.

(Make sure you’re following us!)

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5 REASONS TO STAY IN THE MARKET 🔍

You wake up. 

It’s the day of your final exam. 

You look at the clock…sh*t, you’ve overslept. 💤 

After sprinting to the exam hall, bursting through the doors, and frantically finding a seat, you enter a panic-induced time warp…

All of a sudden – the 10 minute warning tone sounds. You’re almost done?

Soon, you’ll walk out the door, back to your dorm where your friends are waiting with a 30 pack of beers and a PlayStation controller with your name on it.

That’s where we’re at right now in crypto. The end of September (historically the worst performing month of the year) is in sight, and October is fast approaching.

(The warning tone is sounding).

Here are 5 reasons to grit your teeth and stay in the market:

1/ October (aka ‘Uptober’) is historically one of the best performing months of the year

Source: @maria_cosmosfi

And in the past two bull run-years October’s have all been green – third time’s a charm?

2/ It ain’t just October – Q4 historically yields the highest returns of the year

Source: @stolsvik

Excited for Uptober? Just wait till we hit No-Loss November baaaby!

3/ M2 projections vs. $BTC looking bullish

M2 tracks the global supply of money. The more money is in the system, the more of it can flow into crypto. 

Here’s Bloomberg’s 10-week projection of M2 supply (black) overlaid with $BTC’s current performance (red). 👇

Source: @RaoulGMI

4/ The bull market historically takes off at this point

See that white line? That’s the current cycle. 👀

Source: @mleinweber2

5/ Rate cuts are here!

And lowered rates allow more money to flow into markets over time.

But with this new change in monetary policy comes a whole bunch of new questions, like:

• Has crypto already hit its bottom?

• When will the banana zone start?

• Is this the last chance to buy at these prices?

Those are the exact questions we’re asking Kyle Reidhead, head of research at Milk Road, on today’s episode of The Milk Road Show.

Beam it straight to that big, beautiful brain of yours down below. 👇

YouTube | Spotify | Apple Podcasts

BITE-SIZED COOKIES FOR THE ROAD 🍪

Blockscout is your next-level block explorer. Multi-chain, highly configurable, and open-source, this essential DeFi tool gives access to all chain data and dApp functionalities. *

Google Cloud introduced an Ethereum-compatible RPC service, enhancing blockchain data interaction for developers. It currently supports Ethereum’s mainnet and testnet, with plans to expand to other blockchains and offers a free tier with 1 million requests per day.

Revolut is developing its own stablecoin, focusing on regulatory compliance to expand its crypto services globally. The fintech giant aims to compete with other companies like PayPal in the growing stablecoin market.

TrueX, a new non-custodial stablecoin exchange, was launched by former Coinbase executives. It enhances security by separating order execution from asset custody and raised $9M in seed funding.

Sky, formerly Maker, launched its new tokens $SKY and $USDS, along with a dApp that offers 6% APY on $USDS deposits. The rebrand is part of a broader strategy to simplify governance and operations.

Join forces with the Milk Man! We’re looking for a Twitter Specialist + Content Creator who can mix crypto knowledge with top-notch tweets. Think you’re the one? Apply today and let’s get this show on the road!

*this is sponsored content

MILKY MEMES 🤣

Source: @litcapital

Source: @rektmando

Source: @zerohedge

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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.