Join the community of developers, investors, founders, brands, policymakers, and more who are tracking crypto’s comeback at the tenth annual Consensus, May 29-31 in Austin, Texas.

Use code MILKROAD for 20% off.

GM. This is Milk Road, the daily newsletter that’s as refreshing as that first sip of water in the morning.

Here’s what we got for you today:

3 THINGS TO KEEP YOUR EYES ON THIS WEEK 👀

I was sitting on the train this morning when I noticed something strange…

Everyone had their heads bowed down, eyes glued to their phones, and… they were crying!

But these weren’t your normal “Damn, it’s Monday again” tears.

These were tears of happiness. Like when you find extra fries at the bottom of the bag.

I peeked over the-girl-sitting-next-to-me’s shoulder to see what was going on. Then, I saw it…

That’s right, BTC jumped back above $71K and ETH moonwalked its way past $3,600 this morning!

It’s only Monday, but we’re off to a hot start. And we’ve got another busy week ahead.

Here are the “make-or-break” events you should keep your eyes on:

1/ Token unlocks

9 crypto projects will be unlocking a total of $497M throughout the week.

P.S. – if you’re curious how unlocks affect prices, we got you covered here.

2/ Airdrops

There are two big airdrops to keep your eyes on this week:

3/ U.S. Economic data

A handful of key data is being released this week:

The big thing we’ll be tracking is March’s CPI data.

CPI measures inflation and the average change in prices for everyday things like housing, clothes, food, services*, etc.

Why this matters: CPI data drives interest rate policy, which drives market prices up and down.

*Side note: Shoutout to my mechanic, Rico, who’s been changing my oil for the same price (a 30-pack of beer) since ‘08.

To summarize… $500M in token unlocks + two big airdrops + key macro data = a recipe for volatility.

Buckle up, things could get wild this week.

HELP THE MILK MAN DELIVER 🥛

We’re searching for a talented and driven crypto-native finance analyst and writer to help contribute to Milk Road PRO research.

If you have expertise in financial analysis and a deep understanding of the crypto space, you might be a great fit!

Check out the job description here and fill out the form linked inside.

GRAPH OF THE DAY: CRYPTO JUST BROKE ANOTHER RECORD 📊

2021 was a historic year for digital asset investment products... they ended up getting $10.6B in total inflows.

Fast forward to this year… digital asset investment products have seen $13.8B in total inflows.

The highest yearly total, ever. (and it’s only April)

According to CoinShares’ latest report:

At this rate, digital asset investment funds could 2-3x their previous yearly record!

BITE-SIZED COOKIES FOR THE ROAD 🍪

RARI Chain, the Arbitrum-powered creator-centric chain powering the next generation of NFT use cases, is launching the season of $RARI Rewards. Join RARI Chain’s latest NFT drops on Rarible marketplace to be eligible to claim $RARI.*

1inch is teaming up with Mastercard to launch a new debit card. The 1inch Card will allow users to use their crypto for online and in-person purchases, and make cash withdrawals at supported ATMs.

Coinbase and MicroStrategy stocks are rallying this morning. $COIN is up 8% and $MSTR is up 7% so far on the day.

FTX’s bankruptcy estate sold ~$2B worth of its staked SOL. About 30M SOL (worth $1.9B) was sold off to firms like Galaxy Digital, Pantera Capital, and Neptune Digital.

TON Society is launching a new initiative that pays people to scan their palms for ‘proof of personhood’. Beyond the incentives, the idea is to create a new tool for combatting on-chain bots while offering users control over their online identity.

Pantera Capital’s crypto fund posted a 66% gain last quarter. SOL and other smaller-cap tokens like Stacks, Aevo, and Ribbon Finance led the gains.

Do Kwon and Terraform Labs have been found liable for defrauding investors. The SEC accused the defendants of misleading investors about the stability of the algorithmic stablecoin Terra USD (UST) and the use cases for the Terra blockchain.

*This is sponsored content

MILKY MEMES 🤣

RATE TODAY’S EDITION

ROADER REVIEW OF THE DAY

VITALIK PIC OF THE DAY

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.