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GM. This is Milk Road – the crypto newsletter that’s easier to consume than that treat you promised yourself you wouldn’t eat until later.

Here’s what we got for you today:

• ✍️ Sui’s recent rip: legit or fabricated?

• ✍️ Is the AI sector back?

• 🥛 Milk Road PRO Portfolio updates

• 🎙️ The Milk Road Show: Real Vision Chief Crypto Analyst Says Altseason Just Started & Bitcoin $180k

• 🍪 Staking coming soon to the ETH ETFs?

$SUI’S RECENT 50% RIP: LEGIT OR FABRICATED? 🧐

Sui is like a divorced dad singing Savage Garden’s ‘Truly, Madly, Deeply’ at Karaoke night…

It’s having a MOMENT right now!

$SUI is up 48% over the last week, while $BTC, $SOL, and $ETH are up 3-10%.

And when you zoom out – that lead gets even wider!

But is this most recent 48% rip to the upside legit? Or is it all smoke and mirrors?

Here’s what SUI’s fundamentals are telling us…

1/ Stablecoins

When increased use is expected on a blockchain, stablecoins tend to get printed.

(‘Cause most blockchain apps/services require stablecoins.)

This makes stablecoins a solid indicator of future growth.

And so far, stablecoin supply is flashing all of the right signals on Sui, hovering around all-time highs at $883.06M. 👇

2/ DEX volumes

Blockchain health check 101: are folks trading onchain? If yes, this is a sign of health (and vice versa).

And SUI’s DEX volumes hit an all-time high last week, reaching $3.649B. 

3/ Total Value Locked (TVL)

TVL = the amount of money locked up in smart contracts.

(Aka: money that is committed to an application, tool, or service within the blockchain ecosystem, that can’t be immediately moved.)

Increased TVL = increased use and trust of a blockchain ecosystem.

Again, Sui is in good standing here at $1.789B

Ok, so that rules! Time to buy $SUI???

Not so fast – blockchain fundamentals reach far beyond these three data points – you gotta look before you leap.

For example: every month between now and 2030, there are tens-of-millions of $SUI tokens scheduled for unlock.

The more fresh supply that hits the market every month – the more overall demand is needed to keep the price even and/or heading up n’ to the right.

Which means it’s our job as investors to figure out whether there are enough apps, games, and platforms being built on Sui to outstrip its future token inflation.

And if you need further insight on Sui from a macro perspective, we just sat down Jamie Coutts to do exactly that on today’s episode of The Milk Road Show.

Jamie runs us through his “Bullish Trinity” thesis:

• Max Fear (Volatility Spike) 

• Liquidity Conditions Improving

• Market Breadth Thrust

Wanna learn what each of those are / how they’ll affect not just $SUI, but the entire crypto market?

Click here to watch now!

THE AI SECTOR’S MARKET CAP 2X’D IN THREE WEEKS (TIME TO REALLOCATE?) 💸

Are AI tokens back from the dead? 

(So soon??)

We wouldn’t have believed it – but the evidence is saying otherwise. Check this out:

1/ The AI sector's market cap is absolutely flying!

2/ AI is top of the mindshare charts

AI currently makes up roughly 30% of mindshare (and we’re not even in a risk-on environment)!

3/ Two of the Top 5 Gainers over the last 7 days are AI tokens

Virtuals and ai16z have pulled in 148% and 116% gains over the last week. 👇

But despite all of the evidence…we’re still not convinced AI is officially back.

As we mentioned last Friday, it feels too soon to go risk-on like this – the green light we’re looking for is a US-China trade deal agreement, or a Fed pivot.

Until then, AI is a little too spicy for our palate.

MILK ROAD PRO PORTFOLIO UPDATES 📊

Wait. No.

…that can’t be right.

Our Milk Road PRO Portfolio went UP, two weeks in a row? (What is this, Q4 of last year?)

If you want to learn what factors drove the Milk Road PRO Portfolio up 7% over the past week, and which assets are doing the heavy lifting…

Go PRO and keep scrolling. 👇

Disclosure: We are not a day trading portfolio so don’t expect a high volume of trades. Read our “How To Build a Crypto Portfolio” report to learn more about our portfolio strategy.

Portfolio performance 📈 

The Milk Road PRO Portfolio saw a notable increase over the past 7 days. Our portfolio value is at $127K, up 7.9% since last week.

Markets had a strong week, and it wasn’t just our portfolio — gains were seen across the board.

But despite the momentum, there’s still reason to stay cautious. 

BITE-SIZED COOKIES FOR THE ROAD 🍪

We just went deeeep into Ledn. Instead of just holding your Bitcoin, you can borrow against it with Ledn.*

The Bitcoin ETFs are continuing to show strength. Yesterday, they saw inflows of nearly $600M led by Blackrock’s $IBIT.

Staking coming soon to the ETH ETFs? Grayscale just sat down with the SEC to explain why staking is important for the Ethereum ETFs.

Arizona passes their second Bitcoin reserve bill! What’s next? Both bills will now need to be signed by the Governor of Arizona. She even has power to veto the bill if needed.

What do stock trading, sports betting, and crypto baskets have in common? They’re all available on Crypto.com.**

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

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