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- š„ The Bitcoin halving is done ā
š„ The Bitcoin halving is done ā
Here's what Bitcoin looks like after the big event... š
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, The crypto newsletter that has better service than the US Postal Service. We deliver on Sundays.
Hereās what we got for you today:
What Bitcoin looks like after the Halving š
The Dogecoin IP got bought! šŖ
WHAT BITCOIN LOOKS LIKE AFTER THE HALVING šŖ
It finally happenedā¦ the Bitcoin Halving is now complete.
And boy, was it a doozy:
1/ The first post-halving block generated 37.626 BTC (worth $2.4M) in fees
1 Bitcoin block gets mined about every 10 minutes.
On average, each of these blocks contains 2,000+ transactions.
And whenever a Halving happens, everyone races to get their transactions in the first post-halving block.
Itās the crypto equivalent of saying āI was thereā.
Well, check it out. The first block ended up generating $2.4M in fees - a new record.
2/ One person even paid $700K to get their transaction into the first blockā¦
On todayās episode of Sh*t-You-Only-See-In-Crypto:
**static noise**
We interrupt your regularly scheduled programming to bring you a quick word from our sponsorā¦
LightLink is a novel Ethereum L2 blockchain that lets dApps and enterprises offer users instant, gasless transactions. Users don't even need to hold any tokens in their MetaMask wallet to make a transaction.
With a $6.2 million seed funding, a partnership with Animoca Brands, ecosystem projects generating 100K gasless transactions daily, plus Celestia underneath, they are quickly gaining momentum.
Mainnet stats
Total transactions: 19,000,000
Daily transactions: 100,000
Wallets: 400,000
Total contracts: 14,750
Total contracts on Testnet: 275,000
Gasless Layer 2
Celestia underneath
Partnered with Animoca Brands and 25+ other ecosystem projects
$6.2M in seed round from both Web2 and Web3 investors
Leveraging an Optimium design with proprietary technology

**static noise**
And now back to your regularly scheduled programmingā¦
3/ Bitcoin fees have spiked after the Halving
Before the Halving, the average transaction fee was ~$20ā¦
After the Halving, it jumped to as high as ~$240ā¦
Right now itās currently sitting at about $128...
(What is this, the blockchain or Ticketmaster?)
4/ Miners are making more money than before the Halvingā¦
Miners are supposed to make less money when the Halving happens. Thatās because their mining rewards get cut in half (hence, the name - the Halving).
Well, this time around, miners are making more money than before. In fact, yesterday miners raked in a whopping $78M in transaction fees.
Before the halving, miners were making ~1 BTC in transaction fees per block.
Right now, itās ~5 BTC in fees per block.
So, instead of revenue getting cut in halfā¦ itās 5āxed. Not too shabby. Weāll have to wait and see how long this can last!
If the halving has you confused about how BTC will perform moving forward, then check out our PRO Report from a few weeks ago āWill $BTC Outperform Altcoins This Cycle?ā for our bull case on Bitcoin.

Wanna team up with the Milk Man? We currently have 4 positions open - check āem out and apply here!
The āOwn The Dogeā DAO has secured legal rights to the Shiba Inu meme used for the Dogecoin token. The project said they reached out to Sato roughly three years ago and were able to negotiate a deal to purchase the rights to Kabosuās image by working with legal experts in Japan and the United States.
Tether is launching its USDT and XAUT stablecoins on the TON blockchain. USDT on TON went live yesterday and XAUT on TON will follow in the coming months.
Grayscale has announced more details about its new fund, the Bitcoin Mini Trust. The fund will be listed on NYSE Arca under the ticker $BTC and charge a fee of 0.15%.
A group of investors have agreed to settle their civil case against Sam Bankman-Fried in exchange for his cooperation in their case against celebrities who promoted FTX. This includes celebrities like Tom Brady, Gisele BĆ¼ndchen, Shaquille OāNeal, and more.
A scammer pled guilty after creating a fake Coinbase website to steal usersā funds. The guy created a spoofed Coinbase site which let him steal login credentials from users. In the end, he stole ~$9.5M.

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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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