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GM. This is Milk Road. Think of us as your crypto news barista – we know your order, and yes, we add the extra shot of clarity. |
Here's what we got for you today: |
Fear & greed hits 90! 📊 Coinbase enters the Top 50 🏅 Coming soon: more volatility 👀 Solana is breaking records 🍪
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FEAR & GREED HITS 90! 📊 |
The fear & greed (F&G) index is one of our favorite things to look at. |
It's a good way to understand how the market is "feeling." |
Here's how it works: |
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Well, the F&G index just did something I failed to do on any high school math test… scored a 90! |
Why this matters: This is the first time the F&G index hit 90+ since 2021. |
The last time it did? It stayed above 90 for a few months (green dots below) and BTC ended up rallying from $15K → $60K. |
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We'll see what happens this time around. |
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COINBASE ENTERS THE TOP 50 🏅 |
LOOK! Up in the sky… |
Person 1: "It's a bird!" |
Person 2: "No! It's a plane!" |
Milk Man: "Nahhh, that's just Coinbase flying through the App Store!" |
That's right. The U.S. crypto exchange has been on a roll lately… |
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Why this matters: It's the first time Coinbase has been ranked in the Top 50 since February 2022. |
Retail is back, baby! |
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COMING SOON: MORE VOLATILITY 👀 |
Check it out. There's something called the "DVOL Index." |
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Well, the DVOL has jumped from 40% → 76% over the last month. |
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Buckle up. It looks like we could be in for some volatility over the next month. |
Remember, crypto is like a mechanical bull at a bar. It's all fun and games till the bull throws the drunk girl off and she pukes. |
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BITE-SIZED COOKIES FOR THE ROAD 🍪 |
Hashlock, a cybersecurity firm, provides smart contract audits and other security services to web3 and blockchain projects. Hashlock is rapidly building a solid portfolio of completed audits, and you can read more about their services in our review!* |
Solana's weekly DeFi trading volume hit $11B last week. That's a new weekly record! |
The SEC delayed its decision on BlackRock's ETH ETF (again). The move was largely expected. Most analysts believe that a decision to either green light or postpone the launch of the ETH ETFs won't come until May. |
MicroStrategy is looking to raise $600M in financing through convertible notes. The company said it would use it "to acquire additional bitcoin and for general corporate purposes." |
Ethereum gas fees are skyrocketing. To put things in perspective, the average fee to complete an NFT transaction on Ethereum hit ~$370 at certain points yesterday. |
Some Coinbase users had a "zero balance" glitch on their accounts yesterday. I guess there's a 2-for-1 special going on because the same thing happened last week… |
Deutsche Boerse (the operator of Germany's largest stock exchange) is launching a crypto trading platform for institutional clients. It will offer a fully regulated ecosystem for trading, settlement, and custody of crypto assets. |
*This is sponsored content |
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MILKY MEMES 🤣 |
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ROADER REVIEW OF THE DAY |
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VITALIK PIC OF THE DAY |
 | Milk Road Images @MilkRoadImages |  |
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|  | | | Mar 5, 2024 | | |  | | | 0 Likes 0 Retweets 0 Replies |
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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. |
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