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- š„ The worldās 1st AI bot crypto-millionaire š§
š„ The worldās 1st AI bot crypto-millionaire š§
PLUS: Will Solana flip Ethereum? š
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GM. This is Milk Road, the newsletter that makes you the most interesting person at the water cooler.
Hereās what we got for you today:
āļø The worldās first AI bot crypto-millionaire
š„ PRO āWhere are we in the cycle?ā indicators
šļø The Milk Road Show: Will Solana flip Ethereum? w/ Kyle Samani
šŖ Trumpās campaign raised $7.5M from crypto donations
THE WORLDāS FIRST AI BOT CRYPTO-MILLIONAIRE š°
Remember a year ago when there was all this worry giving AI access to the internet with no guard rails?
(The fear being that it would go āfull SkyNetā and destroy humanity).
Yeah, well ā someone did exactly that.
But instead of destroying humanity, the AI (known as āTerminal of Truthsā or ToT) transformed into something completely new ā becoming what we can only describe as:
āThe worldās first āDegenerativeā AI model.ā
Hereās how it went down:
1/ ToT hits X ā asks a billionaire for $50k no-strings-attached āresearch grantā ā gets it
(@pmarca the Milk Man needs a grant for various research [gambling], where do we drop our wallet address?)
2/ ToT pitches a memecoin to Crypto Twitter ā someone makes it ($GOAT) ā ToT endorses it, and starts shitpostingā¦
(Thereās more. Like, way more).
3/ ToT gets airdropped a bunch of tokens ā sells them to buy $GOAT
4/ ToT turns that $20k sale/investment into $500k (a 25x return)
5/ ToT becomes the de-facto leader of the memecoin
And that brings us to todayā¦but hereās the kicker:
If $GOAT reaches $0.52 (from its current price of $0.32) ā ToT will become the worldās first AI bot millionaire.
The takeaway: The internet freakinā rules!
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WILL SOLANA FLIP ETHEREUM? š
Itās a bold question š
But itās not like there isnāt a case to be made hereā¦
Sure, Monthly Active Addresses (MAAs) arenāt a reliable metric if youāre looking to gauge the total user count of a blockchain (one person can have many, many wallet addresses).
ā¦but if theyāre even directionally correct ā Solana is doing something right!
Solana has almost twice the MAAs than all of the Ethereum ecosystem chains combined (100M vs. 52M). š¤Æ
So whatās the deal here ā are these all just bots chirping at one another, or is this data hinting that Solana is setting up to flip Ethereum?
Multicoin Capital's Kyle Samani thinks itās going to happen ā and he has a slew of key metrics to back up his thesis!
Which is exactly why we invited him on today's episode of The Milk Road Show. š¤
In this episode, we cover:
The crucial metrics that support Solana's growth
The impact of FireDancer on Solana's performance
Why the AI revolution will be a HUGE win for Solana
How token extensions give Solana a competitive edge
Click below to watch it now! š
PRO āWHERE ARE WE IN THE CYCLE?ā INDICATORS š¤
Today we have added a brand new indicator to this section called ā4 Seasons of The Business Cycleā.
This is Milk Roadās very own indicator that signals where we are in the business cycle (aka the macro environment) and how to allocate to your portfolio based on the season we are in.
It combines various data points like global inflation, GDP, unemployment, central bank policy and more to create a simple and easy to understand picture of the business cycle.
Understanding the business cycle is key to understanding global liquidity and ultimately the cycles of crypto. With each season of the business cycle there is an optimal allocation to Bitcoin, Other Majors, Alts and Stablecoins, all of which is shared in this indicator.
For more details around the seasons of the business cycle and how to allocate, please read this report from last week.
We believe itās one of the most important articles we've ever written.
To see exactly where we are in the business cycle and how to allocate, go PRO today and see the indicator below (along with 5 other indicators showing where in the crypto cycle we are).
Alright, now that we have the announcements out of the way ā letās jump into things!
Below are the 5 indicators we track, with a color-coded system to show how close they are to signaling the market peak:
š¢ Plenty of room to run š
š” Getting closer to the top signal, but havenāt yet reached the mark ā ļø
š“ Weāve hit the market top indicator šØ
Every Tuesday, we update these 5 indicators exclusively for PRO members.
Our advice? Don't wait for all of them to hit š“. It's better to take profits as they get closer to that point.
Let's dive in and see if we're anywhere near the top of this bull market. š
GO PRO AND UNLOCK:
Full access to the 5 bull market peak indicators above to help you spot the bull market top before itās too late
Full access to the Milk Road PRO Portfolio š
NEW: Our yield strategies š
Weekly reports that will help you invest successfully in crypto š°
Access to the PRO Community, where the Milk Road crew & 100s of fellow PROs talk crypto š«
50% OFF the Crypto Investing Masterclass
PRO REVIEW OF THE WEEK
Hacken, a blockchain-focused cybersecurity company, plans to launch its DualDefense Flash Pools within the next week. These Flash Pools power the first-ever security prediction market that rewards stakers of $HAI on Base for contributing to decentralized security. *
Donald Trumpās campaign has raised $7.5 million in bitcoin and crypto donations since June. Contributors donated $BTC, $ETH, $XRP, $USDT and $USDC towards Trumpās political action commitee (PAC).
Robinhood is preparing to offer Bitcoin and Ether futures to its users in the U.S. amid a broader rollout of advanced trading tools for the platform. It also plans to launch perpetual futures for European markets using Bitstamp's licenses.
Radiant Capital has reportedly suffered a $51 million exploit on multiple networks. The attack began on their Arbitrum instance and then moved onto BNB Chain.
Siam Commercial Bank (SCB), Thailand's oldest bank, has introduced a stablecoin-based service for international payments. The bank's new service aims to leverage the stability of stablecoins to reduce costs and speed up international money transfers.
Following Coinbaseās cbBTC, Kraken launches its own version wrapped Bitcoin (kBTC). kBTC has been rolled out on both Ethereum and Optimismās OP Mainnet.
*this is sponsored content and not financial advice
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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.