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š„Top 5 SEC L's over the years š¤”
PLUS: Funding Friday is here
Todayās edition is brought to you by ZKX ā the first Social Perp Trading DEX.
GM. This is Milk Road, where we milk the crypto news cow so you don't have to. š„š
Hereās what we got for you today:
SECās top 5 Lās š¤”
Should you be bullish on memecoins? š
Funding Friday š¤
Grasping portfolio allocation š
Memecoins move after Trump found guilty šŖ
TOP 5 SEC LāS: THE LOSSES KEEP COMING! š¤”
It's Friday, Roadies! If you're anything like the Milk Man, you're ready for the weekend. Go easy on the milks.
Today, letās kick back with some fun as we reflect on the SECās biggest blunders that have given us all something to talk (and laugh) about.
Letās break down the top 5 SEC Lās that have rocked the crypto world.
1/ Grayscale Bitcoin ETF reversal š
The SEC denied Grayscale's application to convert its Bitcoin Trust into a spot ETF.
The Court of Appeals for the D.C. Circuit ruled against the SEC, calling their reasoning "arbitrary and capricious."
This decision criticized the SEC for inconsistent standards and set a significant precedent for future crypto ETF applications.
2/ Rippleās legal victory over the SEC š
Ripple challenged the SECās classification of XRP as a security.
The court ruled in favor of Ripple, questioning the SECās authority and their interpretation of securities laws.
3/ Ethereumās a commodity š¤·āāļø
The SEC has been ambiguous about whether $ETH is a security or a commodity. Gary Gensler has even contradicted himself on this direct question over the years.
The recent approval of an ETH ETF all but confirmed itās deemed a commodity.
An SEC Twitter account was hacked, falsely announcing the approval of Bitcoin ETFs.
The market reacted with big volatility before the SEC clarified the misinformation. Turned out they didnāt even have 2FA security turned onā¦
Imagine that, the ones in charge of securities didnāt have two factor authentication on their social media account.
5/ Debt Box drama: The SECās costly mistake šø
The SEC froze DEBT Boxās assets and put it into receivership, based on false and misleading evidence.
A federal judge sanctioned the SEC and ordered them to pay $1.8 million in legal fees.
The worst part? The taxpayers will foot the billā¦ Even when crypto wins, we lose LOL.
But at the end of the day, the SECās Slip-ups are our Gains.
From courtroom defeats to cybersecurity fails, the SECās recent blunders are paving the way for a more balanced regulatory landscape.
These events are shaping the future of crypto regulation, proving that the road to clarity is at the end of the tunnel.
We want to know! Will Gary still have his job by year end?
A/ No shot - heās cooked before November
B/ Buzzer beater - heāll get fired right around year end
C/ Yes - Genslerās SEC era will continue in 2025
Hit reply with your comments and let us know!
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SHOULD YOU BE BULLISH ON MEMECOINS? š
Memecoins get a lot of flack for lacking fundamentals, but guess what? They dodge one of the riskiest bullets in crypto investing: Token Unlocks. š„
"VC tokens" pump for a few months, then the unlocks start, and early investors dump their bags, crushing the price.
Itās like a never-ending game of whack-a-mole... but with your money.
Memecoins laugh in the face of this. Most are fair launches with supply management and technicals that are often better than āVC tokensā.
Plus, theyāre hilarious and enjoyable. Community matters! š
OSF, the mastermind behind the wrecked guy NFT collection and a former Barclays trader, breaks down why heās all-in on meme coins this bull cycle on Milk Road Radio.
Curious? Tune in and get the scoop from OSF himself! š
ITāS FUNDING FRIDAY š¤
Welcome back to Funding Friday! This week, $151.5M total was raised by crypto companies.
1/ Babylon raises $70M
What they do: Babylon integrates Bitcoin's security with Proof-of-Stake (PoS) chains, enabling Bitcoin staking on PoS blockchains without intermediaries.
Who led the round: Paradigm
Babylon is bridging Bitcoinās old-school PoW with the new-age PoS like a crypto marriage counselor.
2/ Chainge raises $13M
What they do: Chainge is a DeFi project focused on cross-chain asset management, offering services like lending, borrowing, and staking.
Who led the round: GEM Digital and Alpha Token Capital
Chainge is like the Rambo of DeFi, a one-man-army ready to handle all your cross-chain needs.
3/ Cysic raises $12M
What they do: Cysic uses zero-knowledge proof technology to enhance blockchain security and privacy.
Who led the round: Hashkey Capital and OKX Ventures
Cysic is making crypto transactions as secretive as a ninja at midnight.
Honorable Mentions:
GaiaNet Raises $10M to integrate AI with DeFi, led by ByteTrade and Mantle.
Switchboard Raises $7.5M to provide decentralized oracle networks, led by Tribe Capital and Rockaway Blockchain Fund.
El Dorado Colombian crypto wallet raised $3M in a seed round led by Coinbase Ventures.
Weāll keep an eye on where that money flowsālike a hawk watching over its crypto nest. š
And if this funding news didn't pump your bags this week, hopefully it pumped your spirits! š
HOW TO GRASP PORTFOLIO ALLOCATION š
In case you missed it, we dropped a bomb yesterday ā we revealed the Milk Road PRO Portfolio.
This is a simulated portfolio reflecting the Milk Road PRO research team's view of what an ideal crypto portfolio could look like.
It includes a list of assets, percentage allocation for each asset in the portfolio, context for why each asset is included and moreā¦
All to help you learn to manage your crypto investments, allocate capital and take profits successfully in crypto.
Deeplink has joined the NVIDIA Inception Program ā a unique program that nurtures startups at various stages of their cycle. This is a step into a future where connectivity is intuitive, efficient, and all-encompassing.*
Pudgy Penguins to release mobile game in 2025. Developed in partnership with Mythical Games, this immersive experience will bring the beloved penguin-themed NFT collection to life on your mobile devices.
Political memecoins heat up after jury finds Trump guilty in historic trial. $TRUMP and $BODEN memecoins fluctuated wildly following the guilty verdict in Trumpās hush money trial. The "FreeTrump" token surged 330%, while other Trump-related coins experienced significant drops.
Tether invests $150M in crypto mining firm. The stablecoin issuer has invested in Bitdeer, Jihan Wuās cryptocurrency mining company. This move is will enhance collaboration on key infrastructure and accelerate Bitdeer's sustainable Bitcoin mining.
Crypto market braces for $875M token unlocks in June. Nearly $875 million worth of crypto tokens from projects like Aptos, Arbitrum, Starknet, and Sui will be unlocked as vesting periods end. This significant event is expected to impact the market dynamics throughout the month.
Wanna team up with the Milk Man?We currently have 3 positions open ā check āem out and apply here!
*This is sponsored content
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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.