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- đ„ Ethereum's in the hot seat đ§
đ„ Ethereum's in the hot seat đ§
PLUS: This NFT just sold for $16.4M đ°
Todayâs edition is brought to you by DeepBrain Chain â a decentralized high-performance GPU computing network backed by a dynamic community uniting developers, investors, founders, and policymakers who are leading the charge in mainstreaming cryptocurrency.
GM. This is Milk Road, where we share crypto wisdom like passing down a family recipe â with care, tradition, and a pinch of secret spice.
Hereâs what weâre serving up today:
Ethereum is on the hot seat! đ§
Chart of the Day: The most popular blockchain ecosystems đ
This CryptoPunk just sold for $16.4M đ°
RWA tokens are up BIG đȘ
Cryptoâs a lot like middle school. Youâll be doodling in the back of the class (probably practicing the âcool Sâ) when suddenlyâŠ
**the loudspeaker crackles to life**
Itâs a call from the Principalâs Office.
The room freezes. Everyone holds their breath, quietly thinking âNot me, not me, not me.â
Well, yesterday Ethereumâs name was called. Hereâs everything you need to know:
1/ The Ethereum Foundationâs âwarrant canaryâ is missing.
Iâll be honest. I was Today Years Oldâą when I first heard the term âwarrant canary.â
I thought it was a rare bird. But with a little googling, hereâs what I found:
Itâs a statement companies put on their website.
It shows they havenât received any actions (i.e. lawsuits) or requests (i.e. subpoenas) from the government or law enforcement authorities.
Itâs an indirect way of saying âThe FBI has NOT been here.â Or when itâs missing, itâs a quiet way of telling the world the government has been there.
Itâs kind of like when I go out to dinner with my wife and she gets a piece of her salad stuck between her teeth...
I could stand up on my chair and yell: âHey, everyone, check out lettuce mouth over hereâ!
But that would get us a lot of unwanted attention (and put me in the dog house).
So, instead, I just signal to my wife that she has something in her teeth. No public announcement needed.
A warrant canary is the same thing. And yesterday, people noticed that the Ethereum Foundationsâ was missing.
According to a message from the Ethereum Foundation, it received a âvoluntary inquiry from a state authority, which included a requirement for confidentiality.â
Milk Road Translation: The government was here.
On top of thatâŠ
2/ The SEC has reportedly started an âEthereum is a securityâ legal campaign.
According to a Fortune report, the SEC has subpoenaed multiple U.S. companies in hopes of gathering more data to justify that ETH should be classified as a security.
The SEC is demanding companies provide documents and financial records related to their dealings with the Ethereum Foundation.
The investigation began shortly after Ethereumâs shift to a âproof-of-stakeâ governance model in September 2022.
The proof-of-stake transition has provided the SEC with some new ammo to define Ethereum as a security.
Weâll be keeping a close eye on how the situation unfolds but it looks like Ethereum is (once again) in the crosshairs of the SEC.
DBC (DeepBrain Chain) was established in 2017, with its main network going live in 2021, and its technology maturing by 2024.
Built on blockchain technology, it leverages an incentive mechanism to bring global idle GPU computing power onto the blockchain. It has technically achieved a global, decentralized network for scheduling high-performance GPU computing power.
Its GPU compute nodes can consist of large GPU server clusters, spare GPU servers from small and medium-sized enterprises, and idle GPU machines from individuals.
On the demand side, DBC provides GPU computing services to sectors such as artificial intelligence, cloud gaming, cloud esports cafes, and zero-knowledge proofs.
DBC can help businesses reduce GPU computing costs by 70%. Specifically, in the cloud gaming and cloud esports cafe sectors, it closely collaborates with DeepLink Protocol, which offers ultra-low latency cloud gaming rendering technology.
This partnership reduces cloud gaming latency to 1 ms, delivering a supremely smooth cloud gaming experience.
The DBC Token is the exclusive token used within the DBC network for GPU usage. Each GPU rental transaction results in a 30% destruction of the tokens. So, as the number of GPUs increases, the amount of DBC destruction will also increase.

CHART OF THE DAY: THE MOST POPULAR BLOCKCHAIN ECOSYSTEMS đ
CoinGecko just dropped a report on the most popular blockchain ecosystems this yearâŠ
The results?
Solana is leading the way with 49.3% of global crypto investor interest. This has been fueled by strong performances from key ecosystem projects and memecoins.
Ethereum is in second place with 12.7%. This is likely due to high gas fees and Solana memecoins turning into cryptoâs ânew shiny object.â
BNB Smart Chain is in third with 5.4%. The ecosystem has grown on the back of BNBâs price rallying near its all-time high.
Check out the rest of the standings below:
Weâre curiousâŠ
Which blockchain are YOU using the most right now? |
Click on your answer above and weâll share the answers tomorrow!

Alert the pressâŠ
NFTs are selling for Beverly-Hills-mansion money again! (Butler and bball court not included).
CryptoPunk #7804 sold for 4,850 ETH, worth $16.42M, yesterday.
Itâs the second most expensive CryptoPunk sale ever.
Itâs also the second CryptoPunk NFT to sell for $16M+ this month. (CryptoPunk #3100 sold for $16.03M on March 4th).
Without further ado, here it isâŠ
P.S. - Congrats to Peruggia on the sale. Hope you eat good tonight!
(Or f*ck it, just buy the whole restaurant).

Hacken, a blockchain security auditor, has opened its doors to potential investors who have passed KYC and requested whitelisting for Hacken Equity Shares. KYC verification and swapping to $HES are available until April 14, 2024.*
RWA tokens and memecoins have seen big gains over the last 24 hours. The RWA market cap jumped 31%, while the memecoin market cap is up 16%.
U.S. interest rates hold steady for the 5th consecutive FOMC meeting. Projections are now only calling for 3 rounds of rate cuts by the end of the year.
Coinbase will be launching futures trading for Dogecoin, Litecoin, and Bitcoin Cash starting April 1st. $DOGE (+15.9%), $LTC (+6%), and $BCH (+12.7%) are all up in price over the last 24 hours.
Robinhood rolled out its crypto wallets to Android users globally. The wallet allows users to hold private keys, granting them control over their digital assets.
The TON Foundation is launching a new $100M+ âcommunity rewards initiativeâ. The funds will be allocated to competing projects and TON ecosystem users starting next month.
Tyrese Haliburton is considering taking a portion of his NBA salary in crypto. FYI - Haliburton currently has a 5-year $260M contract.
*This is sponsored content

HELP THE MILK MAN DELIVER đ„
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Are fluent in âBlockchainâ
Have a PhD attitude (poor, hungry, and determined)
Like cracking jokes about âhard forksâ
You might just be the perfect fit!
If this is you, what are you waiting for? Fill out the form here.

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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.