GM. This is Milk Road, the newsletter that stays plugged-in to crypto newsfeeds (à la Neo in the Matrix) so you can stay up to date.

Here’s what we got for you today:

• ✍️ 5 big announcements from Coinbase

• ✍️ Reviewing our 2025 market predictions

• 🎙️ The Milk Road Show: Milk Road Mid-Year Crypto Predictions Update for 2025

• 🍪 $SBET tanked 75% overnight

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5 BIG ANNOUNCEMENTS FROM THE 2025 COINBASE CRYPTO SUMMIT 👀

Didn’t catch the 6.5 hr Coinbase 2025 Crypto Summit live stream?

Don’t worry, we got you covered!

Here’s what you missed:

1/ Coinbase is bringing DEXs to its CEX

Create a Phantom wallet → save your recovery key → buy $USDC on Coinbase → send it over to your Phantom wallet  → find a DEX you trust (like Milk Road Swap 😉) → swap your $USDC for your desired token.

Previously, that’s what you had to do if you wanted to buy niche tokens not offered on centralized exchanges (CEXs) like Coinbase. It was tiring.

Now, Coinbase will begin doing all of that for you in the background (starting with Aerodrome) – without you ever leaving the app.

Plus, users can:

• Lend on Morpho and take out a loan in $USDC

• Stake with $ETH, $SOL, etc

• Earn yield on $USDC

All without creating a new wallet (that happens in the background) or paying gas fees (Coinbase covers that).

And according to Catherine Shyu Sullivan, from Coinbase’s onchain products team – this is just the beginning. 👇

2/ You can now pay with crypto on Shopify

Click a button. Face ID verifies it’s you. Boom, you just paid with $USDC on Shopify.

That process is SO much harder to make work than you might think – ‘cause your average online purchase isn’t just an exchange between you and a business. 

It involves multiple hand-offs between payment gateways, payment processors, merchant accounts, acquiring banks, and card networks… the craziest part?

Coinbase and Shopify not only figured out how to cram all of this into a single smart contract – they made it open source (so other ecommerce providers can just copy/paste/adopt it).

3/ Bringing crypto derivatives to the US

Deribit owns 78% of the global crypto derivatives market. Now Coinbase owns them. Together, they’re bringing the Deribit platform to the US for the first time. 💪

4/ Crypto banking with Coinbase Business

Coinbase Business = an online business banking interface with crypto at its core – enabling crypto-based payments, accounting, and treasuries for everyday companies. 

5/ The Coinbase One Card

“Spend dollars, make Bitcoin” (Hell yeah) 👇

The throughline with all of this?

Most of the users and capital in the crypto world live on centralized platforms (aka: offchain). 

Instead of forcing these users & capital to move onchain (and off their platform), Coinbase is bringing the onchain experience to them.

The end goal: Coinbase = the crypto ‘everything app’.

REVIEWING OUR 2025 MARKET PREDICTIONS 🥴

We just dropped an update on our 2025 predictions on today’s episode of The Milk Road Show. 👇

YouTube | Spotify | Apple Podcasts

I suggest you watch the whole thing. But if you’re at work, or simply prefer to read – I got you.

Here’s a TL;DR of what you missed:

• All of our predictions stayed pretty much the same, but the dates changed. Instead of a year-end market top, we’re all now expecting a 2026 peak.

• Kyle made predictions with a bunch of potential variables and (annoyingly) nailed just about all of them.

• Tyler is pretty much wrong on 5/5 of his predictions – though I can’t gloat, ‘cause I’m down on 4/5 of mine.

• Jay’s long-held wish that “blockchain gaming will onboard the world” is still yet to materialize.

• Our rough collective consensus is that the market will peak with a minimum of a ~$180k $BTC, a ~$10k $ETH, and a ~$800 $SOL.

Though that last point doesn’t include the opinion of our lead NOP (Nerd On Payroll), Martin. 

He wasn’t able to make it to the recording. He claimed ‘personal reasons’ – but I have a sneaking suspicion he took the afternoon off to play padel.

Conspiracies aside – we promised we’d publish his updated predictions here:

1/ Bitcoin 

“I said $180K, but if a Strategic Bitcoin Reserve is approved, then we go much higher. 

Many central banks and large companies are now considering adding Bitcoin to their balance sheet, which means it really is just a question of time (I think $BTC can go above $250k, easily).”

2/ Ethereum 

“I initially predicted $8k (and I stand by that), but it’s also worth acknowledging that I have way more confidence in Ethereum now than I did last year – it has seen huge progress in the last 5 months.”

3/ Solana

“I view Solana as a retail chain, attracting a lot of speculative stuff – but I’m not sure what their long-term moat is. This lack of defensibility concerns me.

I predicted a peak of $800 for $SOL, but I’m actually going to lower that prediction to $650.”

Yikes. As someone who trusts Martin’s analysis but is 100% allocated to Solana – I feel somewhat conflicted right now.

If anyone needs me, I’ll be hyperventilating into a paper bag in the nearest broom closet.

THAT’S A WRAP PEOPLE! 👏

We just wrapped up the first week of Milk Road Degen, and it was a BANG-OR!

Thousands of you aped in to learn about the wildest sh*t in crypto.

We’re still catching our breath and finding our bearings, but the early reviews are in:

Here’s what we broke down this week:

🧪 Why HyperLiquid is brewing for a meme explosion

🚀 3 memecoins to watch this week

It’s all delivered twice a week - every Wednesday and Friday.

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BITE-SIZED COOKIES FOR THE ROAD 🍪

Just a few steps away from EthCC, TezDev is happening on July 3rd in Cannes. Apart from being Tezos’s flagship event, it’s got a pretty catchy name.*

$SBET tanked 75% overnight! After buying into it just a few days earlier, here’s what our founder Kyle has to say about it.

What’s the worst thing for our bags? War. And we’re seeing one between Israel and Iran right now.

Remember when the Trump family invested in a Bitcoin mining company? Well, they’ve got a pretty bold growth plan to become one of the top miners in the space.

Stablecoins are a killer product. So much so that giants like Walmart and Amazon are eyeing the idea of launching their own.

Wanna work for Milk Road? We’re hiring across multiple roles — click here and drop us a line!

Crypto cashback, baaaby! The Gemini Credit Card gives you 4% back on gas, 3% on dining, 2% on groceries and 1% on everything else.**

*this is sponsored content.
**this is partner content.

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