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GM. This is Milk Road – your designated driver, guiding you safely through the crypto market's mood swings.

Here’s what we got for you today:

• ✍️ CPI came in hotter than expected

• 🎙️ The Milk Road Show: Permissionless III: Bullish Crypto Signals You Won't See Online w/ Yano

• 🥛 PRO “Where are we in the cycle?” indicators

• 🍪 Optimism rolls out its fifth airdrop

CPI CAME IN HOTTER THAN EXPECTED - BUT DON’T PANIC 🧘

Have a cold shower.

Rub some lemons under your armpits.

Drink your coffee, raw egg, and blue Gatorade smoothie.

It’s time to sober up. 

Cause, yeah – CPI data came in hotter than expected:

Meaning the year-on-year (YoY) cost of living didn’t fall as sharply as expected, moving from 2.5% to 2.4%, instead of moving down to the expected 2.3%.

…but it still fell. 

Which, counter to the Crypto Twitter doom takes that are floating around right now, is a good thing. 

Let’s not forget: 

1/ CPI is still in a six month downtrend

2/ CPI is down from 9.1% (!) in 2022

3/ The likelihood of a 25 bps cut actually went up, while the chance of no cut went down

So, CPI continues to fall and a 25 bps cut in November is more likely than before – which will further incentivize folks to inject fresh cash into markets…

Why’re we panicking again?

1000 NEW APP/PROTOCOL TOKENS ARE SET TO LAUNCH IN THE COMING MONTHS

We just sat down with Jason Yanowitz (Yano, if you’re nasty), co-founder of Blockworks – and boy did he come in hot with the alpha!

Get this:

1/ Crypto is primed to go up post election, regardless of who wins.

Why? Because markets love certainty more than anything else.

2/ Crypto apps/protocols know this, and are waiting for the election to pass before they launch their tokens. 

Once the election is behind us, Yano reckons we should expect ~1000+ major token launches!

3/ You can use crypto conferences to gauge future market sentiment

We’re not going to get into the weeds on this one – cause Yano lays out exactly what to look for in our discussion.

…you’re just going to have to go and watch 👇

YouTube | Spotify | Apple Podcasts

PRO “WHERE ARE WE IN THE CYCLE?” INDICATORS 🤔 

Crypto moves in cycles, and knowing where we are in the current cycle is crucial for capturing the best opportunities.

The goal is to spot the bull market peak before the inevitable bear market hits your bags hard.

Since timing the top perfectly is almost impossible, we use various indicators to give us a better shot at taking profits before it's too late.

Below are the 5 indicators we track, with a color-coded system to show how close they are to signalling the market peak:

🟢 Plenty of room to run 🏄

🟡 Getting closer to the top signal, but haven’t yet reached the mark ⚠️

🔴 We’ve hit the market top indicator 🚨

Every Tuesday, we update these 5 indicators exclusively for PRO members.

Our advice? Don't wait for all of them to hit 🔴. 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. 👇

BITE-SIZED COOKIES FOR THE ROAD 🍪

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UniswapX improves the trading experience, solving for fragmented liquidity to offer better prices, along with gas-free trades and MEV protection. Plus, cross-chain support is coming soon, making it easier than ever to swap tokens seamlessly across networks. *

Optimism launches its fifth airdrop, distributing 19 million $OP tokens ($26 million) to over 31,000 users. Users who interacted with at least 20 contracts on the Superchain between March 15 and September 15, 2024 are eligible for this airdrop.

Ark Invest purchases approximately 13,000 Coinbase shares, valued at $2.2 million. This move comes after its sale of $36.4 million worth of Robinhood stock.

Uniswap Labs has launched Unichain, an Ethereum Layer 2 (L2) solution. This L2 is designed to improve DeFi by reducing transaction costs by 95% and enabling near-instant transactions.

* 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.