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Gm. this is Milk Road, we’re the type of friend that saves you from getting into crypto trouble, but we also might steal your fries when you're not looking.

Ok. Everybody remain calm…

Bitcoin’s up 12% this week. Most of the top 25 cryptocurrencies are in the green. I could get used to this… 😎

There’s a lot of excitement building off hope that the Fed is done raising rates for good. And after the fake ETF approval tweet, many feel that the potential approval is not yet priced in.

And that wasn’t the only news from yesterday. The SEC decided to drop their case against Ripple and the NY attorney general sued Gemini and DCG for fraud.

Don’t worry Roaders, will be sharing all the deets on those next week. For now, we have some other stories to wrap up your week:

• Bitcoin hasn’t been this dominant in 2+ years 💪

• How to steal and lose $3B 👀

• The best-performing asset of the year is…🏆

• “I haven’t sold ETH for personal gain since 2018” - Vitalik Buterin 🗣️

BITCOIN HASN’T BEEN THIS DOMINANT IN 2+ YEARS 💪

A popular metric people follow is something called coin dominance.

For all the nerds, it’s calculated by dividing any coins’ market cap by the overall market cap of the top 125 coins and then multiplying it by 100.

For all the people that still have PTSD from 7th-grade Algebra (guilty as charged), just use this website and you won’t break a sweat.

And Bitcoin’s dominance has been on the rise this year….

• January 1, 2023: 41.91%.

• October 20, 2023: 52.20%.

In fact, this is the most dominant Bitcoin’s been since April 2021.

P.S. - for all the crypto curious, here’s the rest of the coin dominance leaderboard...

• ETH: 17.55%

• USDT: 7.85%

• BNB: 2.98%

• USDC: 2.36%

• XRP: 2.57%

• DOGE, ADA, MATIC, and SOL all have < 1%

A MAJOR STEP IS ON THE HORIZEN

There’s no shortage of blockchains to choose from.

The problem? Most blockchains don’t attract any users and can’t survive in the wild world of crypto.

Well, one blockchain ecosystem has proved to be a diamond in the rough. They’ve built a vibrant ecosystem dating back to 2017. And the team hasn’t stopped building.

I’m talking about Horizen. Here’s everything you need to know:

• They launched in 2017 with a focus on zk-powered blockchain dapps and protocols, and still remain as one of the fastest growing EVM ecosystems

• The team consists of research and cryptography veterans with a proven track record of successful development, such as their cross-chain communication protocol, Zendoo

• Their latest initiative is Horizen EON, the ecosystem’s first EVM compatible smart contracting platform. This allows developers to efficiently build and deploy dapps on Horizen, while benefiting from all of the positives of Ethereum’s ecosystem

And when you add all of this to Horizen’s existing community, there is a lot of excitement about the future.

Dive into the Horizen Eon ecosystem!

HOW TO STEAL AND LOSE $3B 🎥

I’m gonna do you a favor…

I’m gonna save you [enter how long it takes you to scroll Netflix to find a show to watch] minutes.

Instead, just watch this new documentary…

Trust me. It’s a wild story. I won’t completely spoil it, but here’s a teaser:

• Billions of dollars worth of Bitcoin

• The Silk Road - aka the eBay for drugs. (Note: not affiliated with Milk Road in any way, shape or form… just in case the feds see this)

• A secret billionaire hacker

• Private jets, yachts, and other baller sh*t

• The craziest 911 call you’ll ever hear

It’s a good one, go watch it. Or if you prefer reading, here’s the written version.

THE BEST PERFORMING ASSET OF THE YEAR IS…🏆

For those of you keeping score at home…

Bitcoin has been one of the best investments year-to-date (YTD).

• BTC: +80% YTD

• ETH: +35% YTD

• NASDAQ: +27% YTD

• Gold: +6% YTD

Impressive.

And congrats to all our Bitcoin investors out there! Dinner’s on you.

Btw - no one’s a bigger winner than the investors that put money into orange juice (+103%), olive oil (+120%), and Royal Caribbean (+85%) this year though...

Note to self: forget about tech, invest in things grandmas love.

“I HAVEN’T SOLD ETH FOR PERSONAL GAIN SINCE 2018” - VITALIK BUTERIN 🗣️

So, I’ve been seeing this weird trend lately...

A TON of articles get published whenever Vitalik (the founder of ETH) transfers ETH out of his wallets.

Crypto reporters follow Vitalik’s crypto transactions like the paparazzi follow Ben Affleck’s Dunkin’ Donuts runs.

Exhibit A:

And once these articles start circulating, the whispers begin…

Is Vitalik losing faith in what he built….? Is he gonna abandon ship…? Is it over…?

As a result, ETH’s price sometimes drops.

Well, Vitalik’s had enough…

Translation: Keep. His. Name. Out. Your. Mouth!

BITE-SIZED COOKIES 🍪

The SEC dropped its charges against Ripple executives. The regulators had included them as defendants in its securities violation case revolving around XRP transactions.

Circle launched two new tools for developers called Gas Station and Smart Contract Platform. Gas Station removes transaction "gas" fees when integrated with Circle's programmable wallets. Smart Contract Platform simplifies smart contract importing, deployment, and management.

Grayscale Investments submitted a new spot Bitcoin ETF application. This was the asset manager’s latest move to convert its Bitcoin Trust into a spot bitcoin ETF. Can’t stop, won’t stop.

Over 100 U.S. lawmakers sent a letter to the White House and U.S. Treasury Department voicing their concerns about crypto’s use in illicit activities. The Anti-Crypto Army is growing…

MILKY MEMES 🤣

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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.