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GM. This is Milk Road, your tour guide around the wild west of crypto.

(If you turn to your left, you’ll see a company that’s bringing AI girlfriends onchain).

Here’s what we got for you today:

• ✍️ Will this fix Ethereum’s image?

• ✍️ 6M new users coming onchain

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

• 🎙️ The Milk Road Show: Bloomberg Analyst’s Crypto Predictions for Trump's Regulation & ETFs in 2025

• 🍪 Bitwise files for DOGE ETF

WILL ETHEREALIZE FIX ETHEREUM’S IMAGE? 🧐

Remember the other day when we covered the civil war that is currently taking place within Ethereum?

ICYMI: there’s a vocal group of people within the $ETH community that want the Ethereum Foundation (EF) to hire an active product evangelist that can preach the benefits of Ethereum to retail buyers and institutions alike.

Yeah, well, Etherealize is kinda like the bootleg version of that.

We say ‘bootleg’ because it’s not exactly what the community was asking for – but it fits a similar mold. 👇

Etherealize’s battle cry? “The EF cannot - and should not - do it all”

Their idea is three-fold:

1. Build a content hub that focuses on educating TradFi users, ETF issuers, and the broader public on Ethereum.

2. Make it super easy for institutions to adopt Ethereum by building a product suite tailored specifically to them.

3. Bring more ‘vocal proponents’ to Ethereum (i.e. product evangelists that will go and seduce Wall St on behalf of the network).

Now, if you’re like us – you still have a range of questions, like:

• How does Etherealize plan to generate revenue?

• Will this solve Ethereum’s current in-fighting problem?

• Will my friends stop teasing me about wearing a Newsboy Cap if I tell them it was a gift from my dead grandpa?

The current answers are: it’s unclear, doubt it, and definitely not (stop trying to make it work).

Either way, the whole “if you can’t find product evangelists, hire some” approach doesn’t seem like the worst idea.

(Ethereum’s a tough network to get your head around).

6M NEW USERS COMING ONCHAIN 🔥

You know that trope in romantic films:

‘A controlling father won’t let his daughter be with the boy she loves?’

Back in late September of 2023, there was a real-life story that followed a similar narrative, except it wasn’t just one relationship being broken – it was thousands.

To thicken the plot even further: these weren’t human-to-human relationships – instead, they were human-to-AI.

Oh, and the ‘controlling father’? He wasn’t a human, but a company (called Soulmate) which chose to close down, taking the AI companions with it.

Cool. What does this have to do with crypto?

Well, that very next month, an app called Moemate launched and has amassed 6M users since 2023.

Now, Moemate is coming onchain. 👇 

Now, here’s the kicker: users will now be able to tip their favorite creators and monetize/tokenize any agents they create on the platform.

…is this another step towards a strange dystopian future where it's common for people to create/sell what is essentially a digital Only Fans model?

Yeah, kinda feels like it.

But what we’re choosing to focus on here is the onboarding event itself.

This is a company bringing 6M individual users onchain.

For context: When the president and first lady launched their $TRUMP and $MELANIA memecoins over the weekend (still feels weird to say that), 47% of the wallets that bought into them were newly created. 

Meaning at best, these memecoins onboarded 520k new users.

Moemate is beating those numbers by more than 11x.

The takeaway: the best method of bringing new users onchain isn’t to build in web3, but to migrate from web2.

(Also, the future’s about to get real weird).

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

How close are we to the peak of this current bull run — and how should you be allocated?

If you’re a PRO member, all you need to do is scroll to find out (if not, now might be the time to go PRO!).

And if you’re scratching your head wondering what this section of the newsletter is all about, lettuce fill you in real quick:

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 6 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 Thursday, we update these 6 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 🍪

We’re teaming up with Bitunix to give you 400 USDT for free. Free? What’s the catch? No catch, a quick deposit and trade is all it takes.*

CZ returns to Binance. He’s back and he’s set to take an “active role” in the newly revamped Binance Labs (now called YZi Labs).

Bitwise files for DOGE ETF. We’ve said this before and we’ll say it again - this year is going to be for the ETFs.

Nasdaq’s official X account was hacked. The scammers used Nasdaq’s twitter to promote a new memecoin called $STONKS. Really sums up the crypto space.

We’re hiring! We currently have 4 open positions - so hurry before someone else beats you to it.

DeFi Saver wraps all your DeFi positions into a single dashboard. Got positions in Aave? Maker? Compound? Managing them is a pain, but DeFi Saver brings everything under one roof.

*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.