GM. This is Milk Road, the newsletter that features so many heart rate-increasing stories that it should come with a health warning.
Here’s what we got for you today:
- ✍️ Robinhood launches an L2, brings OpenAI stock onchain
- ✍️ What to look out for this month
- 🎙️ The Milk Road Show: Crypto Pulse Check: Robinhood L2, IPO Mania, HYPE vs SOL & ETH, & Permissionless Recap w/ Yano
- 🍪 ETH is growing as a treasury asset
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Prices as of 2:00 PM ET. Click here for our Fear & Greed Index.
ROBINHOOD LAUNCHES ITS OWN L2 & TOKENIZES PRIVATE EQUITY 🎤
I suggest taking a Xanax before reading this article.
The final announcement put me into an adrenaline-induced shaking fit…
1/ Robinhood’s crypto platform is rolling out across the entire EU and EEA.
That’s 31 countries in total.
2/ Simplified crypto perpetual futures are coming to Robinhood (EU)
Translation: EU users can bet on the future price of crypto with up to 3x leverage (tripling their investment size with a loan) on Robinhood.
3/ Advanced charts are coming to mobile (US)
Think: TradingView-style charts, on mobile. Starting with equities, and rolling out to crypto later in the year.
4/ Smart exchange routing (US)
Robinhood will check with multiple partner exchanges to get you the best price on your trades and lower your fee tier as the amount you trade goes up.
5/ Tax lots (US)
This is as BIG as it is NERDY!
Say you make a Bitcoin trade and pull in $1000 worth of profits – you can tell Robinhood:
“My $ETH holdings are actually running at a loss right now…
So instead of converting my Bitcoin into $1,000 in cash (and logging a taxable gain) sell $1,000 worth of my $ETH. This way, I still collect $1k – but I’m actually making a tax-deductible loss.”
6/ Cortex for crypto (US)
Robinhood’s AI investing assistant will now analyze crypto assets for Robinhood Gold customers, giving them a better idea of why their holdings are going up, down, or sideways.
7/ Get crypto back when using the Robinhood credit card (US)
Instead of getting cash back on your credit purchases, you can get crypto back (inc. Bitcoin, Ethereum, Solana, Arbitrum, Doge, and Ripple).
8/ Crypto staking coming to Robinhood US (already available in the EU)
Starting first with $ETH and $SOL. 👇
9/ Deposit match (US & EU)
Between now and July 7, Robinhood will match 2% of any crypto deposits made in the US or EU (no caps on deposit size.)
10/ Stock tokens, aka: tokenized stocks (EU)
Robinhood will soon start creating tokenized assets that are backed 1:1 with stocks, allowing its EU customers to access US stocks, i.e:
You buy a tokenized stock on Robinhood (e.g. Apple, Nvidia, Amazon) → they buy that stock on TradFi rails and back your ‘stock tokens’ with it.
Trades can be made 24hrs a day, 5 days a week right now, with 24/7 trades and self-custodying of stock tokens coming soon.
11/ Robinhood is launching their own L2
The ‘Robinhood Chain’ will be built on Arbitrum with the aim of becoming:
“The first blockchain optimized for real world assets – from real estate, to art, to stocks.”
The end goal: bring the ENTIRE Robinhood ecosystem onchain. Chills. Literal chills.
12/ Private stocks, onchain (EU)
HOLY HELL. You can now buy PRIVATELY TRADED stocks onchain, via Robinhood EU. 👇
If you don’t know how big of a deal this is – lemme hit you with some context…
Before today, if you wanted to buy these private equities, you’d not only need to know the right people, you’d also need to earn $200k per year or have a net worth of $1M or more!
This marks a seismic step-change in financial access and opportunities for wealth generation.
If anyone needs me, I’ll be trying to start an EU Robinhood account while my hands shake uncontrollably.
P.S. Remember back in April when our PRO team put a call out to buy $HOOD at ~$35?
Yuh. It’s at $92 now…
Don’t miss the next call.
Get Milk Road PRO All Access for $25/m before it goes up to $100/m at midnight tonight!
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WHAT TO LOOK OUT FOR THIS MONTH 📆
You want EVEN MORE things to look forward to?
We got you. Here’s what’s coming down the pike this month…
1/ Macro 🌎
Here’s what’s on the calendar this month…
ISM Manufacturing PMI – July 1st – PMI gauges how much money is being spent by purchasing managers in the US.
An increased spend from purchasing managers indicates a growing economy (which typically leads to growing asset prices). The number we want to see from PMI is 50 or above.
Consumer Price Index (CPI) – July 15th – last Friday the probability of total forecast rate cuts in 2025 moved from two to three. 👇
CPI data tracks US inflation and helps inform the Federal Reserve on whether or not they’re safe to cut rates (and in what amounts).
Remember: lower rates typically lead to higher asset prices.
FOMC meeting – July 30th – if you want forward-looking statements that hint at when we might see rate cuts this year, FOMC meetings are where you’re going to find them.
2/ Token unlocks 🔓
This month we’ve got unlocks from big names like Sui, Aptos, Ethena, Sei, and Arbitrum – but the biggest will be from $TRUMP, which will unlock 25% of its supply on July 17. 📆
3/ New apps and features 📲
This is what we’re getting this month:
PumpFun just released its new app on iOS and Android!
How do we describe this?
It’s like a Twitter feed, but the posts that make up the newsfeed are memecoin listings, the ‘like’ buttons are ‘buy’ buttons, and it has a live video feed where creators promote their tokens.
Here’s why we’re watching this one: everyone wants to paint PumpFun as a simple memecoin launchpad. The way we see it? This is a whole new take on social.
It’s not just Robinhood – Gemini is launching tokenized stocks in the EU as well!
4/ Podcasts 🎙️
- Jason ‘Yano’ Yanowitz, co-founder of Blockworks, today – watch here!
- Ran Reuner, host and founder of Crypto Banter, Tuesday, July 1st.
- Scott Melker, host of the Wolf Of All Streets Podcast, Tuesday, July 22nd.
- Ryan Watkins, co-founder of Syncracy Capital, Thursday, July 24th.
Alright, that’s everything for now.
Still shaking with nervous excitement. Send help.
BITE-SIZED COOKIES FOR THE ROAD 🍪
One account to rule them all. We dropped an article on Bitget’s Unified Trading Account (UTA) that lets you trade spot, futures and margin all from one place.*
Huge news for Solana. REX Shares’ Solana ETF (which includes staking) is set to go live this week.
$ETH is growing as a treasury asset. Wall Street strategist Tom Lee is looking to create the “MicroStrategy of Ethereum” with BitMine.
Crypto equities continue to kill it. $COIN surged 43% during its first month on the S&P 500. - DL News
This DEX solves an actual UX issue! Milk Road Swap supports both Ethereum and Solana tokens in a single interface.
*this is sponsored content.
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