| Today’s edition is brought to you by Sui—the L1 powering the SuiPlay0X1, web3’s first handheld gaming console. | Pre-order SuiPlay0X1 to unlock rewards | | | | | USE CASE OF THE WEEK: TIKTOK ONCHAIN ⛓️ | This isn’t a story about someone looking to recreate a TikTok-like social platform onchain. | This is a story of someone trying to buy TikTok (the actual platform) and bring it onchain. 👇 | | All you need to know about Alexis right now, is this: | He’s the co-founder of Reddit (so he has money/understands social platforms) ✅ He loves crypto ✅ | What we want to dig into today is: what the hell would an ‘onchain TikTok’ even look like? | Right now, Alexis’ vision is unclear, outside of this tweet. 👇 | | But if it fits a playbook similar to the rest of the onchain social platforms out there, it could mean this… | 1/ You own your follower-base 🤝 | Meaning, if a hot new social platform pops up – you can port your follower base to that platform. | So as your followers join the new platform → they automatically follow you (kinda like what Zuck did with Instagram and Threads). | 2/ You own your digital identity 😎 You know how if you buy a custom email domain – you can port that digital identity to any email service provider you want (Gmail, Outlook, Apple Mail, etc.)? | Onchain social platforms let you do the same with your @ – so no matter what platform you’re on, you have the same handle. | (Note: this would likely create a whole new industry of its own – ‘social handle domains’) | 3/ TikTok could bring other web2 platforms onchain 💪 | Gen Z doesn’t use Facebook, their numbers on Instagram are dwindling – and if Zuck tries to purchase TikTok, he’s likely going to get giga-slapped with an anti-trust suit… | But he could coax TikTok users over to his platforms by incorporating the same onchain system as TikTok, and letting its users port their followers/digital identities over to FB/IG. | Now, we’re just scratching the surface of what could be done here – but we’re going to wait and continue to nerd-out once we know more. | The simple takeaway here: this would be MASSIVE for both onchain adoption, and whichever chain it’s built on. | (👆 We’ll keep our ears to the ground on that last bit and report back as soon as we know more.) |
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| | | | That title (👆) is what my mom said on our trip to London. | I told her I didn’t need a jacket for the trip—because ‘how cold can it really be?’ | Spoiler: very. | It’s also what you’ll hear when you miss out on the SuiPlay0X1. | With this next-gen gaming console, you: | Can play your favorite games anytime, anywhere Get an exclusive Eternal NFT (yep, forever yours) Receive exclusive airdrops directly to your SuiPlay0X1 (pre-order soon or you’ll miss out 👀) | Whether it’s a jacket or the SuiPlay0X1 - there are some things you don’t want to regret. | Pre-order your SuiPlay0X1 & look out for airdrops (coming soon)! |
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| | HOW TO FIND 20-30% DAILY GAINS (WITHOUT TAKING ON LEVERAGE) 📈 | Hot take: knowledge is not power. | …the application of knowledge? Now that’s power baby. | And we’ve got the evidence to back it up! In August of last year we ran a PRO Report wagering $AAVE was about to outperform $ETH. | Now, on the surface – that’s not much of a ‘big call’ (just about everything has been outperforming $ETH). | 🎺 But lettuce toot our own horn in chart-form for a moment… 🎺 | | $AAVE wiped the floor with the majors! And it’s not just the long term charts showing impressive gains – $AAVE has ripped +28% in the last 24hrs alone! 👇 | | So what caused this latest pump? Well, the team just proposed two big changes to their ecosystem: | 1/ Token buybacks | They’ll start with $1M per week for the first 6 months, then adjust based on Aave’s overall budget. | Once purchased, these $AAVE tokens will be allocated to staking rewards and the Aave DAO’s “ecosystem reserve” (which is a pool of funds meant for future growth). | 2/ Rev share | Aave generates a whooole bunch of fee revenue – we’re talking ~$25M-$90M per month. 👇 | | Historically, these fees have largely gone to the Aave DAO’s treasury to fund further development… | But now Aave is looking to start sharing some of those profits directly with $AAVE holders and/or stakers. | So zooming out, this is what $AAVE holders could soon be seeing: | $1M of guaranteed buy pressure per week (~$4M per month) for the next 6 months Those saved funds going to staking rewards and ecosystem growth (potentially increasing Aave’s revenue) A cut of that (hopefully) increased revenue in their pocket | As we said last week, buybacks are a way for projects to signal to the market: | “We’ve found product-market-fit (PMF) – people love what we’re putting down! As a result, we have more money than we know what to do with.” | And it’s the kind of statement that can move a token’s price up 20-30% in a day. | So here’s the trick: | Find fundamentally strong projects that have clear PMF, and allocate to them before they announce a buyback scheme (which will likely become more commonplace now that the US regulatory environment is mellowing out). | Ok, now – want even more alpha? | Kyle, Jay, myself (Chevy) and others from the Milk Road team are going to be at Permissionless in NY, from June 24th - 26th 2025 (you can get $100 off tickets with the code: MILK100 btw). | If we hosted a meetup would you come? | | (P.S. If you’re not a PRO member and don’t want to miss the next call – you can join here!) |
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| | 3 WAYS A U.S. CRYPTO RESERVE COULD BECOME A REALITY | Yesterday I got a DM from our Podcast Manager, Adrien, saying: | “Dude, I know we don’t have room for a full podcast section in today’s newsletter, but this needs to go out tomorrow – it’s a banger!!” | And when Adrien gets psyched about an episode, I listen – so here it is! | Our chat with Jake Chervinsky (Chief Legal Officer for the Variant Fund) on what it's going to take to see a Crypto Strategic Reserve in the US. 🫡 | The TL;DR: | The creation of a US Crypto Reserve via executive order alone is unlikely, due to the Congressional spending authority. The fastest approach would be an executive order halting government sales of seized crypto assets. A more complex, but legally sounder route would involve the Treasury using the Exchange Stabilization Fund to create the Reserve | …but honestly, that’s just scratching the surface! Click below to watch the full episode now! 👇 | | YouTube | Spotify | Apple Podcasts | | BITE-SIZED COOKIES FOR THE ROAD 🍪 | | | MILKY MEMES 🤣 | | | | | | | RATE TODAY’S EDITION | What'd you think of today's edition? | | ROADIE 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. |
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