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GM. This is Milk Road. The newsletter with that dawg in it! 

(We sniff out everything you need to know in crypto).

Here’s what we got for you today:

• ✍️ Build your own millionaire AI agent

• ✍️ What to watch out for this week

• 🎙️ The Milk Road Show: Why This Leading Contributor Exited Maker: The Bear Case Explained

• 🍪 U.S. prosecutors open a criminal investigation against Tether

BUILD YOUR OWN MILLIONAIRE AI AGENT 🤖

The story of the Terminal of Truths (ToT) AI bot, and everything that has unfolded around it is like a ‘feel old yet?’ meme on steroids.

Confused? Same.

Here’s what we’re on about:

Two weeks ago we wrote a story about ToT – the AI bot that was on track to become the world’s first millionaire AI chat bot.

Since then, ToT has:

• Become a millionaire

• Become a multi-millionaire

• Made up its own girlfriend (pretty sure our social intern did the same thing)

• Been pitched by Brian Armstrong on Coinbase’s AI-integrated wallet technology

• Instead asked Brian for the breed of his dog, so it could create a memecoin around it

…and as of this writing – become a trillionaire? 🧐

Ok, that’s obviously a bogus figure – but the fact that an AI bot can become a multimillionaire in less than two weeks is WILD.

And the next logical question for many degens in the crypto space is:

“How can I create a ToT-style bot for myself?”

Well…big names in the industry are already serving up solutions. That AI-integrated wallet Brian pitched? 

It’s just been made available to the public. 👇

Which means anyone with a brain big enough to train an AI model on how to trade crypto can now give it full autonomy when it comes to:

• Staking

• Swapping/trading tokens

• Interacting with smart contracts

(Something that many speculated ToT was not able to do without human assistance).

As a result, AI agents (aka: fully autonomous AI bots), have become the hot new narrative. 👇

All within a span of two weeks.

…feel old yet?

WHAT TO WATCH FOR THIS WEEK 📅

This is one of the biggest weeks in macro, earnings, and token unlocks we’ve seen in a while (maybe ever??).

Here’s what’s coming down the pike!

1/ Macro events 📊

• Consumer Confidence data - Tuesday - A vibe check with consumers.

• JOLTs Jobs Data - Tuesday - How many job openings are there in the US?

• US Q3 2024 GDP data - Wednesday - How much economic value was generated in the US economy throughout Q3?

• September PCE Inflation data - Thursday - How much has the cost of everyday living expenses gone up or down?

• October Jobs Report - Friday - A report of the total number of workers in the US (minus farm jobs), and their average hourly earnings.

Ideally we’d like to see: 

• US GDP continuing to grow (helping to calm recession fears)

• PCE inflation continuing to lower (giving folks more disposable income)

• Consumer confidence moving up (indicating potential continued spending)

• Unemployment rising ever so slightly (encouraging the Fed to continue lowering interest rates)

2/ Earnings season 💣

Roughly 20% of the top 500 US companies are reporting earnings this week! 

Here’s who’s penciled in:

Amazon, Apple, Meta, Microsoft, Alphabet (Google), and Coinbase are all reporting their Q3 earnings this week – keep your eyes peeled to get a gauge on how the tech/crypto sector fared from July through September!

3/ Token unlocks 🔓 

Good. Lord.

$1B in unlocks from one (one!) project?? Jesus, take the wheel my dude!

If you’re holding $TIA, we hope you have a long term view, otherwise the potential short-term sell pressure may be responsible for spiking your Cortisol levels this coming Wednesday. 

To quote Ray Arnold, Chief Engineer at a subsidiary of International Genetic Technologies of Palo Alto, CA...

This week has a whole bunch of data/events with the potential to move markets, all converging at once!

4/ Still have questions?? 🤔

If you’re a Milk Road PRO member – we have great news!

The PRO research team will be hosting an AMA this Wednesday, October 30th, inside the Milk Road PRO Discord (meetup channel).

In this AMA, we’ll be covering:

• 📊 Project and token analysis

• 📈 Market trends and sentiment

• 💼 Investment and portfolio strategy

• 🏦 Macro events and external factors

IS IT TIME TO SELL MAKER?

Chris Cameron, a long-time contributor to Maker, recently sold all of his $MKR holdings!

And in today’s episode of The Milk Road Show, we’re getting to the bottom of his decision – covering:

• Chris’ contributions to the Maker ecosystem

• The factors that led to Chris’ change in strategy

• What would it take for him to reinvest in Maker?

This is part of a three-part series exploring different perspectives on Maker. 

In later episodes, we'll be joined by Sam MacPherson, CEO of Phoenix Labs and contributor to Spark Protocol – as well as our PRO team, who will share their insights and explain why they remain confident in the project.

You don’t want to miss it! 👀👇

YouTube | Spotify | Apple Podcasts

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U.S. prosecutors are investigating Tether for potential violations of anti-money laundering regulations. This news caused Tether’s $USDT stablecoin to slightly de-peg over the weekend.

A hacker who stole $20 million in crypto from a US government-linked wallet has returned $19.3 million just a day after the breach. The funds that were breached were different stablecoins and $ETH. - DL News

Japan's Metaplanet has increased its Bitcoin holdings to over 1,000 BTC after its latest $10 million investment. Metaplanet’s total Bitcoin holdings are now worth around $70 million.

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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.