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Todayβs edition is brought to you by Horizen - a fast growing blockchain network with EVM compatibility and a focus on zero-knowledge powered dapps. |
Join the Horizen ecosystem today! |
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Gm. this is Milk Road, weβre the type of friend that saves you from getting into crypto trouble, but we also might steal your fries when you're not looking. |
Ok. Everybody remain calm⦠|
Bitcoinβs up 12% this week. Most of the top 25 cryptocurrencies are in the green. I could get used to thisβ¦ π |
Thereβs a lot of excitement building off hope that the Fed is done raising rates for good. And after the fake ETF approval tweet, many feel that the potential approval is not yet priced in. |
And that wasnβt the only news from yesterday. The SEC decided to drop their case against Ripple and the NY attorney general sued Gemini and DCG for fraud. |
Donβt worry Roaders, will be sharing all the deets on those next week. For now, we have some other stories to wrap up your week: |
Bitcoin hasnβt been this dominant in 2+ years πͺ How to steal and lose $3B π The best-performing asset of the year isβ¦π βI havenβt sold ETH for personal gain since 2018β - Vitalik Buterin π£οΈ |
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BITCOIN HASNβT BEEN THIS DOMINANT IN 2+ YEARS πͺ |
A popular metric people follow is something called coin dominance. |
For all the nerds, itβs calculated by dividing any coinsβ market cap by the overall market cap of the top 125 coins and then multiplying it by 100. |
For all the people that still have PTSD from 7th-grade Algebra (guilty as charged), just use this website and you wonβt break a sweat. |
And Bitcoinβs dominance has been on the rise this yearβ¦. |
January 1, 2023: 41.91%. October 20, 2023: 52.20%. |
In fact, this is the most dominant Bitcoinβs been since April 2021. |
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P.S. - for all the crypto curious, hereβs the rest of the coin dominance leaderboard... |
ETH: 17.55% USDT: 7.85% BNB: 2.98% USDC: 2.36% XRP: 2.57% DOGE, ADA, MATIC, and SOL all have < 1% |
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Thereβs no shortage of blockchains to choose from. |
The problem? Most blockchains donβt attract any users and canβt survive in the wild world of crypto. |
Well, one blockchain ecosystem has proved to be a diamond in the rough. Theyβve built a vibrant ecosystem dating back to 2017. And the team hasnβt stopped building. |
Iβm talking about Horizen. Hereβs everything you need to know: |
They launched in 2017 with a focus on zk-powered blockchain dapps and protocols, and still remain as one of the fastest growing EVM ecosystems The team consists of research and cryptography veterans with a proven track record of successful development, such as their cross-chain communication protocol, Zendoo Their latest initiative is Horizen EON, the ecosystemβs first EVM compatible smart contracting platform. This allows developers to efficiently build and deploy dapps on Horizen, while benefiting from all of the positives of Ethereumβs ecosystem |
And when you add all of this to Horizenβs existing community, there is a lot of excitement about the future. |
Dive into the Horizen Eon ecosystem! |
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HOW TO STEAL AND LOSE $3B π₯ |
Iβm gonna do you a favorβ¦ |
Iβm gonna save you [enter how long it takes you to scroll Netflix to find a show to watch] minutes. |
Instead, just watch this new documentary⦠|
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Trust me. Itβs a wild story. I wonβt completely spoil it, but hereβs a teaser: |
Billions of dollars worth of Bitcoin The Silk Road - aka the eBay for drugs. (Note: not affiliated with Milk Road in any way, shape or formβ¦ just in case the feds see this) A secret billionaire hacker Private jets, yachts, and other baller sh*t The craziest 911 call youβll ever hear |
Itβs a good one, go watch it. Or if you prefer reading, hereβs the written version. |
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THE BEST PERFORMING ASSET OF THE YEAR ISβ¦π |
For those of you keeping score at home⦠|
Bitcoin has been one of the best investments year-to-date (YTD). |
BTC: +80% YTD ETH: +35% YTD NASDAQ: +27% YTD Gold: +6% YTD |
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Impressive. |
And congrats to all our Bitcoin investors out there! Dinnerβs on you. |
Btw - no oneβs a bigger winner than the investors that put money into orange juice (+103%), olive oil (+120%), and Royal Caribbean (+85%) this year though... |
Note to self: forget about tech, invest in things grandmas love. |
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βI HAVENβT SOLD ETH FOR PERSONAL GAIN SINCE 2018β - VITALIK BUTERIN π£οΈ |
So, Iβve been seeing this weird trend lately... |
A TON of articles get published whenever Vitalik (the founder of ETH) transfers ETH out of his wallets. |
Crypto reporters follow Vitalikβs crypto transactions like the paparazzi follow Ben Affleckβs Dunkinβ Donuts runs. |
Exhibit A: |
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And once these articles start circulating, the whispers begin⦠|
Is Vitalik losing faith in what he builtβ¦.? Is he gonna abandon shipβ¦? Is it overβ¦? |
As a result, ETHβs price sometimes drops. |
Well, Vitalikβs had enoughβ¦ |
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Translation: Keep. His. Name. Out. Your. Mouth! |
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BITE-SIZED COOKIES πͺ |
The SEC dropped its charges against Ripple executives. The regulators had included them as defendants in its securities violation case revolving around XRP transactions. |
Circle launched two new tools for developers called Gas Station and Smart Contract Platform. Gas Station removes transaction "gas" fees when integrated with Circle's programmable wallets. Smart Contract Platform simplifies smart contract importing, deployment, and management. |
Grayscale Investments submitted a new spot Bitcoin ETF application. This was the asset managerβs latest move to convert its Bitcoin Trust into a spot bitcoin ETF. Canβt stop, wonβt stop. |
Over 100 U.S. lawmakers sent a letter to the White House and U.S. Treasury Department voicing their concerns about cryptoβs use in illicit activities. The Anti-Crypto Army is growingβ¦ |
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MILKY MEMES π€£ |
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HIT THE INBOX OF 250K+ CRYPTO INVESTORS |
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What'd you think of today's edition? |
π₯π₯π₯π₯π₯ F**king greatπ₯π₯π₯ Meh, do betterπ₯ You didn't bring the heat |
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| That Friday feeling... | | | Oct 20, 2023 | | | | 0 Likes 0 Retweets 0 Replies |
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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. |