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- 🥛 What you missed this week 👀
🥛 What you missed this week 👀
Market rally = massive shift in investor sentiment
Today’s edition is brought to you by Grayscale - the crypto-native asset manager.

GM. This is Milk Road, the newsletter that works all weekend so you can sleep in on a Sunday.
If there’s just one thing you need to know about this past week, it’s this: We’ve seen a huuuuge shift in sentiment.
Here’s everything else you might have missed. Lessgooooo. 👇️
WHAT YOU MISSED THIS WEEK
The 2 factors driving this rally 🔥
Easing trade war tensions = market rally
But who’s leading this rally? Is it Bitcoin or something else?
Why we’re staying risk-off 🚫
Hot take: The market is WAY too excited for our liking.
There are two potential ways crypto can go up in the long-term and neither of them are in reach yet.
Will Trump drop tariffs to save the economy?
We sure don’t have the answer to this but seems like Ram Ahluwalia does.
He’s a macro expert who came onto The Milk Road Show to talk about… well, macro.
Watch or listen on:
YouTube | Spotify | Apple Podcasts
The Milk Road PRO Research Meeting 📝
The PRO team shed light on the Bitcoin decoupling, weaking dollar and Vitalik’s latest proposal.
Watch the full recording here!
We just went deeeep into Ledn.
Ledn is a lending platform that gives out USD loans in less than 18 hours.
We’ve put together an article outlining all the key details about Ledn’s Bitcoin-backed loans. 👇️
We’re sure you must have heard of Grayscale.
Did you know they have a fund (GDLC) that lets you invest in 5 of the top cryptos at once?
GDLC gives you exposure to $BTC, $ETH, $SOL, $XRP, and $ADA in a single investment. That’s pretty damn cool if you ask me.
Here’s everything else you need to know about GDLC:
Eligible for tax-advantaged accounts like IRAs
Managed by Grayscale - a name that’s been in crypto for over a decade
Rebalanced quarterly to stay aligned with the market
Individuals and institutions have already considered GDLC - now it’s your turn.

AUDIENCE FAVORITES 🥇
Our weekly roundup of our top content — decided by you! Featuring the most-opened newsletter, most-viewed podcast, and most-viral tweet.
NEWSLETTER: Activity is poppin’ off on Base
New token creation on Base just hit new daily, weekly AND monthly all-time highs!
We can explain the reason behind this in just one word: Zora.
PODCAST: $BTC is still undervalued w/ Adam Back
If you think about Bitcoin OGs, Adam Back is probably as OG as it gets. Jay sat down with Adam to talk about:
Early Bitcoin stories
How it feels to work with Satoshi Nakomoto
Adam’s forecast of $500K this cycle
Watch or listen on:
YouTube | Spotify | Apple Podcasts
TWEET:
Aight - that’s everything from this week.

MILKY MEMES OF THE WEEK 🤣

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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.
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