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GM. This is Milk Road, dishing out crypto news saucier than grandma’s secret spaghetti recipe.

It’s Friday. Let’s get it:

WEEKLY MARKET MOVERS: 2 WINNERS. 1 LOSER 📊

Crypto prices have more swings than your local playground. Luckily, the Milk Man kept track of all the action this week.

We just received his weekly Market Movers report. He also added a small note: “Crazy week. New tokens pumped every day. (Btw - send more Uncrustables)”

This week, there were 2 big winners and 1 huge loser. Let’s dive in…

THE WINNERS

1/ Rollbit ($RLB) is up 76% over the last 7d

What it is: Rollbit is a crypto-gambling platform.

It lets users place bets on casino games (i.e. roulette), sporting events, and future prices of NFT collections and tokens.

The craziest part? It offers up to 1000x leverage. It’s the Ultimate Clash of Degeneracy.

Why it’s up: There’s a famous saying… “Birds fly, fish swim, and degens degen.”

Which is why the gambling platform has been all the rave this week.

Plus, the Rollbit team recently switched up the tokenomics for RLB:

In theory, this adds daily buying pressure for RLB as adoption grows.

2/ Shiba Inu ($SHIB) is up 20% over the last 7d

What it is: A token that went from memecoin → $5.9B market cap.

(It all starts with a meme and a dream)

Why it’s up: There are 2 big reasons…

Milk Road Radar: Btw, the Milk Man tells us that Dogecoin ($DOGE) could be the next token to see some action.

Here’s why: Shiba Inu and Dogecoin have historically had a strong positive price correlation. Right now, it’s at 0.74 - which means that whenever Shib’s price moves, Doge follows in the same direction.

And with rumors Doge could be integrated into Twitter, it’s worth keeping an eye on.

Without further adieu, let’s introduce…

THE LOSER

1/ Worldcoin ($WLD) is down 25% over the last 7d

What it is: It’s a crypto project that developed a “privacy-preserving digital identity” that can be used to verify humans. It’s like a digital passport.

But it comes with a twist: you need to scan your eyeball into one of “The Orbs”.

Why it’s down: Apart from users being freaked out about scanning their retinas, the project has also gotten the attention of governments around the world.

At this point, Worldcoin is more worldwide than Taylor Swift. (and not in a good way)

FUD + government investigations = a recipe for disaster.

ETHX - KEEPING ETHEREUM DECENTRALIZED

The liquid staking battle is heating up like the Milk Man’s oven on Turkey Day. But just like turkey, not all liquid staking providers are created equal.

One liquid staking provider just emerged and is already making a splash with its top-tier user experience and juicy rewards.

I’m talking about Stader Labs - they just launched ETHx. And not only are the rewards flowing, but Stader Labs also offers the lowest ETH requirement for node operators with a 4 ETH bond.

Here’s why stakers are choosing ETHx:

And with triple-audited smart contracts, you know you’re protected by the best in class.

Stake now.

COINBASE LAUNCHED ITS NEW LAYER 2 🧐

Launching a blockchain is like sending your kid to summer camp for the first time, either:

It goes great - they get nicknamed “King of the Monkeybars” and lead the morning assembly.

It goes terribly - they get kicked out for starting a spitball war and selling “bang snaps” to other kids.

It’s a coin toss. 50/50.

Well, this week a new blockchain launched… Base.

It’s Coinbase’s new Layer 2 and the first to ever be launched by a publicly traded company. (no pressure)

How’s the first week going?

Base is already in the top 5 for all Layer 2s in terms of TVL and has passed other popular ones like StarkNet and ImmutableX.

It’s been one of the better debuts we’ve seen this year. (#1 is still Messi’s MLS debut. Damn that guy is good.)

Plus, Coinbase is partnering with 50 top brands and artists like Coca-Cola, FWB, and Cozomo de Medici to launch Onchain Summer.

It’s a month-long event with limited-edition mints including music NFTs, exclusive art from DeeKay Motion, and more. Check it out here.

Y00TS ARE HEADED TO ETHEREUM 👀

In other big news this week, DeLabs dropped 3 big announcements:

So what? y00ts is one of the most popular NFT projects ($85M+ in all-time sales) and now it has a new home, again.

Over the last year, y00ts has moved from Solana → Polygon → Ethereum.

As a result, DeGods’ (-27%) and y00ts’ (-19%) floor prices have been in free fall over the last 24 hours.

All eyes will be on any future announcements but DeLabs doing a Tour De Blockchains has them on thin ice.

BITE-SIZED COOKIES 🍪

India is planning to launch a new web browser that uses crypto tokens. Users will be able to use crypto tokens to digitally sign documents in order to bolster security and data privacy.

The SEC announced a settlement with Bittrex. The crypto exchange will need to pay a $24M fine within two months of filing a liquidation plan.

CBS has been granted a trademark for NFTs and crypto collectibles that use Star Trek Continuum. “Beam me up, Scotty!” OR “To boldly go where no man has gone before.”

SoFi Bank revealed it holds $170M in crypto holdings during its Q2 earnings report. The San-Francisco-based bank has been able to attract 500k+ customers to its crypto services.

The crypto gaming industry saw $297M in investment funding last month. Business is boomin’ for crypto gaming projects.

MILKY MEMES 🤣

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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.