GM. This is Milk Road, your front-row seat to the crypto circus. Today’s main attraction: a majestic unicorn.

Here’s what we got for you today:

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POLYMARKET IS NOW A CRYPTO UNICORN 🦄

I’ve been in crypto for 3 years now. My friends? Not so much.

So when I overheard them placing bets on Polymarket for the next F1 race, I was scratching my head thinking…

“Wait. When I go off about crypto, they never listen to me but now they’re somehow interested? Do they secretly hate me? Should I make new friends? Is it me?? What if…”

Alright. I hear you. I’m gonna skip the whole doom spiral and get to the most important realization: Polymarket is a pretty important crypto ninja app.

Normies (like my friends) are betting on Polymarket without realising that they’re transacting onchain. That’s an impressive feat. 

You know what else is an impressive feat? Polymarket just hit unicorn status ($1B valuation). 👇

Here’s why Polymarket’s latest raise is a big deal:

1/ It validates predictions markets as a key crypto sector

Back in November, Tyler (our GM) was convinced that Polymarket would die out after the US elections. 

But just like pretty much every one of his 2025 predictions, he was wrong. 👇

For users who joined Polymarket in 2024, an average of 24.43% were still active 6 months later.

That’s proof that politics isn’t the only use-case for Polymarket. 

(Suck it, Tyler)

2/ Big players have now started to trust Polymarket

With big valuations comes big players. 

Heavyweights like Goldman Sachs are now referencing Polymarket odds in their price analysis for various assets.

(Tyler definitely didn’t have that in his 2025 bingo card)

3/ Rumors are swirling about an upcoming airdrop

Nothing official yet, but ever since the raise, chatter around a Polymarket airdrop has picked up big time. 

We don’t have the alpha… but LG definitely does.

He dropped a full episode breaking down Polymarket and his strategy for the potential airdrop. Check it out here. 👇

BITCOIN IS PROJECTING STRENGTH…BUT WHAT ABOUT ALTS? 🤨

Last week we talked about how a weakening US dollar index (DXY) tends to result in a stronger Bitcoin ~3 months down the line.

At that point, the DXY was on track to log its worst first half of the year in ~3 decades.

Well, guess what: things just got worse for the DXY – which suggests more good things are coming for Bitcoin!

 …but we’ve already covered that, so let’s move on to the next question: 

What about altcoins?

They can certainly benefit from a weaker dollar – but a better metric to track is the Institute for Supply Management’s Purchasing Managers Index (the ‘ISM’ if ya nasty).

Here’s the logic:

• If purchasing managers are buying more stuff for their companies across the board → 

• It means they’re preparing for increased business → 

• Indicating future growth in the US economy → 

• Meaning more money in people’s pockets…

More money in people’s pockets = a larger appetite for risk = more money going into altcoins.

Now, the number to watch is an ISM over 50 (and holding that position):

• Previous cycle, ISM over 50 = 15x in altcoin market cap

• This cycle, altcoin market cap has barely tripled. To see a massive boom like last cycle, we need to see ISM blast past 50.

…unfortunately, right now the ISM is stuck right under the magic number:

The magic ingredients that will help to buck this sluggishness?

An end to the tariff-driven growth scare and maybe a sprinkle of the FED’s sneaky tool to boost liquidity. 

Until then: stay zen.

BITE-SIZED COOKIES FOR THE ROAD 🍪

We’ve dropped a review on TRES Finance that simplifies your crypto finances. It pulls in all your DeFi transactions and spits out clean, audit-ready reports. No more spreadsheet chaos.

We now have a MicroStrategy for $BNB. Former executives from Coral are looking to raise $100M to fund this plan.

Buying your next house… with crypto? The US housing agency is reviewing whether crypto holdings should qualify for mortgages.

4 tiny coins in a dying ecosystem. Milk Road Degen is back to talk about the hidden gems on the Believe launchpad.

Top-up, purchase and withdrawal fees? Nope. Not when you use your MoonPay Balance. Get the MoonPay app and start growing your crypto, without the pesky fees!**

**this is partner content.

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