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Today's edition is brought to you by Exponential.fi – the all-in-one DeFi investment platform with expert risk ratings, curated pools, and top-tier security. |
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GM! This is Milk Road, with crypto news fresher than a touchdown celebration. We've got the winning plays. |
Here's what we got for you today: |
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IS DEPIN CRYPTO'S #1 DRAFT PICK? 🏈 |
Picture two high school quarterbacks, from two rival townships. |
One goes on to the NFL, becoming a globally recognized figure in the process…while the other stays in the minors, becoming famous within his local community. |
Right now, crypto is made up mostly of 'hometown heroes' – killer products/platforms/protocols that serve the tight-nit crypto/web3 community. |
…but very few have made the draft (aka: the mass market arena). |
Which is why the new signals we're getting from decentralized physical infrastructure (DePIN) projects, Hivemapper and Helium, are commanding our attention like a DVD wait screen. |
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🫰 Hey, enough of that – eyes over here 👀 check this out: |
1/ From Hivemapper, the crypto app that pays users to video-map their local streets (as if they're running their own private Google Street View car): |
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2/ As for Helium (the decentralized mobile network provider that pays folks to share their 5G internet bandwidth with its customers)? |
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Check out Helium's growth in carrier subscribers! |
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…now, here's the kicker: some Helium customers have the potential to make their mobile service a net-zero cost! |
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And this adoption seems to be reflected in DePIN's recent performance – it's the only sector to be flashing positive of late: |
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Ok, so what's working here? |
Zooming in… |
Global physical infrastructure updates, like cell tower installations/upgrades and real-world mapping are logistical nightmares. |
Hivemapper and Helium each solve these pain points for legacy tech companies by using token incentives to bootstrap localized data and infrastructure development – something that cannot be achieved without blockchain (boom!) |
Zooming out… |
The broader winning formula looks something like this: |
Instead of creating crypto solutions to solve crypto-centric problems, these two are using blockchain tech to solve real-world problems (for companies with deep pockets). |
Now that's 'number-one-draft-pick' behavior if we've ever seen it. |
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CRYPTO FIRE SALE, ENDING SOON? 🏷️ |
We're in a storm. But the skies appear to be clearing… |
The $BTC and $ETH markets have been flooded with new supply and increased selling pressure of late – with some of the biggest culprits being: |
Grayscale's $ETHE ETF (its high fees are pushing investors to sell) Mt. Gox (repaying creditors that lost $BTC in their 2014 collapse) German Gov. (selling off its seized $BTC) US Gov. (potentially selling off the $BTC it seized from Silk Road)
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A single point of selling pressure can be weathered…two can be painful, but often manageable...three or more? That can be long and grueling (👈 we are here). |
The good news is, 124k of the total 227k $BTC to be sold has already been absorbed by the market.👇 |
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We're not out of the woods yet – and other selling events could pop up in the future – but the current supply overhang for $BTC appears to be drying up. |
Which is of particular importance, because: |
Bitcoin tends to drive the market long term. Buyers are less likely to start accumulating when there's a wall of publicly tracked selling pressure in front of them (those fears are slowly being calmed).
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The forecast: |
Potential for markets to continue grinding sideways, as the market absorbs the last of this known supply. |
Once those clouds part, investor confidence can rebuild. |
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SUBSCRIBE TO OUR YOUTUBE & WIN 🚨 |
The Milk Man's giving away some epic prizes to celebrate our YouTube launch! |
Here's what you could score: |
Profit from the Future: Crypto Investing Masterclass ($499 value) 🎓 Milk Road PRO – 1-year subscription ($250 value) 🔐 Milk Road PRO – 1-month subscription ($25 value) 📅 A Mystery Box – Who doesn't love surprises? 🎁
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How to enter? Easy peasy. Just hit that subscribe button on The Milk Road Show YouTube channel. |
Deadline: August 31st at midnight ⏰ |
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BITE-SIZED COOKIES FOR THE ROAD 🍪 |
Meet Kelp DAO: The liquid restaking protocol making waves in EigenLayer. Want to keep your restaking deposits flexible and still competitive? Dive into our review to find out how it is possible. |
Bitcoin's increasing market share is driving overall crypto market growth. Investors are shifting toward more stable assets amid ongoing economic uncertainty. Long-term holders remain confident, while short-term traders face growing losses. |
BlackRock's Ethereum ETF Leads with Over $1B in Net Inflows. The ETF outperforms other Ethereum-related funds, setting a new standard for institutional crypto products. BlackRock now holds a strong position in the market as Ethereum ETFs face significant net outflows. |
Tether Partners with UAE Firms to Launch Dirham Stablecoin. Backed by UAE-based reserves, it offers a stable, cost-effective solution for businesses and individuals alike. |
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MILKY MEMES 🤣 |
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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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