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- š„ 98% of Bitcoiners are in profit š¤
š„ 98% of Bitcoiners are in profit š¤
PLUS: this NFT just sold for $16M! š¤Æ
Todayās edition is brought to you by LightLink ā an Ethereum Layer 2 blockchain that lets dApps and enterprises offer users instant, gasless transactions.
GM. This is Milk Road. Your venti triple shot espresso of crypto, with a side of memes.
Hereās what we got for you today:
BTC is hitting new all-time highs around the world š
98% of BTC investors are in profit š¤
Institutions poured billions into crypto last week šø
The NFT market has gone multi-chain š
Meet the NFL player who bet big on BTC š®
This CryptoPunk just sold for $16M šŖ
1/ Bitcoin is hitting all-time highs around the world
šØATTENTION! This is not a drill!šØ
BTC has hit a new all-time high in 14 of the top 20 currencies in the world.
I repeat, this is NOT a drill!
Next up? āMerica.
(BTC is about 4% away from hitting a new all-time high in U.S. dollars).
2/ Almost all BTC investors are now in profit
Hereās a crazy stat for youā¦
About 98% of all BTC investors are now in profit.
Milky Fact of the Day: The last time Bitcoiners were this profitable was in November 2021.
Congrats, you can all call in sick rich at work today!
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We interrupt your regularly scheduled programming to bring you a quick word from our sponsorā¦
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LBP leverages a unique price decay mechanism with weight-based adjustments, ensuring fair token pricing while keeping bots at bay.
Fun fact: Projects launched on Fjord Foundry boast an impressive average ROI of 308% compared to other launchpads!
What's the buzz about LightLink?
Locked in $4.5 million in seed funding.
Forged a partnership with Animoca Brands + Celestia underneath.
Achieved an average gas fee of 0.00 ETH (yep, absolutely gasless!).
Follow LightLink on Twitter to catch all the updates on their LBP and more.
**static noise**
And now back to your regularly scheduled programmingā¦
3/ Crypto funds are seeing massive inflows
The results from CoinSharesā latest report are inā¦
$1.84B was invested in digital asset investment products last week.
Itās the 2nd largest weekly inflow on record.
Hereās everything else you need to know from the report:
Trading volumes hit $30B, a new weekly record.
BTC saw 94% of the investments.
ETH saw $85M in total inflows, the largest weekly inflow since July 2022.
Assets under management (AUM) hit $82.6B, and are close to reaching a new all-time. (It was ~$86B back in 2021).
Most altcoins saw minor inflows. MATIC led the way with ~$8M, while SOL saw minor outflows for the 3rd straight week.
Weāll see whatās in store this week, but I have a feeling* it could be another record-breaker.
*Side note: TBD if this feeling is a āgut instinctā, or the Taco Bell I ate last night.
4/ Bitcoin is dominating the NFT market
Itās official. The NFT market has gone multi-chainā¦
5 blockchains have seen over $1M in NFT volume over the last 24 hours.
The surprising part? Bitcoin is leading the way.
The OG blockchain has almost seen as much NFT volume as the other 4 blockchainsā¦ combined!
Meet Russell Okung. Heās a:
Former NFL star
2 time Pro Bowler
Super Bowl champion
And in 2020, Russell made a BIG decisionā¦
He became the first NFL player to take part of his salary in BTC (it was ~$30K at the time).
At first, everyone laughed him out of the buildingā¦
Money managers called him a dumb jock.
Financial advisors said he got hit in the head one too many times.
Fast forward to todayā¦ Russell Okungās Bitcoin bet has more than doubled.
Hereās what he recently had to say about the process:
āLife is crazy.
Countless hours with financial advisors and money managers, fearing the loss of wealth, and at the end of the day financial engineering went out the window.
I simply buy Bitcoin, land, and embrace group economics.
Now, more time to invest in family.ā
Here you go, King, you dropped thisā¦ š
How Airdrops Work and Where To Find Airdrops. Check out the Milk Road guide to earning free tokens and an explanation of how they work. Who doesnāt like free stuff right?
A crypto exchange in Hong Kong disappeared with $57M last week. The crazy part? The ācompanyās addressā leads to an empty office in a strip mall. āDL News.
This CryptoPunk NFT just sold for 4,500 ETH (worth $16M). Itās the second-largest CrytoPunk sale ever.
Crypto stocks are surging as BTC approaches a new all-time high. Coinbase, MicroStrategy, CleanSpark, Marathon Digital, and others were all up over 5% in pre-market trading today.
Memecoins continued their rally over the weekend. The biggest winners? $PEPE, $DOGE, $BONK, and $WIF.
Tetherās stablecoin (USDT) just hit a circulating supply of 100B tokens. The total USDT supply (including those minted and authorized) amounted to 104 billion as of Monday, according to data from The Block.
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5:05 PM ā¢ Mar 4, 2024
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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