Today’s edition is brought to you by Kresus – the best wallet to explore BASE yields and DeFi strategies, offering free transactions, insurance coverage, and seamless integration with Coinbase.

Get Exclusive Access to the Kresus Beta using the code “Kresus@2024”

GM! This is Milk Road, we’re here to make crypto as easy as baking a pie – minus the burnt crust. 🥧

Here’s what’s cooking today:

VANECK PRICE PREDICTIONS 🤯

VanEck just released updated price targets for Ethereum, and you’re definitely going to want to see what they had to say.

But first, who the heck is VanEck?

They are a big-time investment management firm known for their expertise in ETFs (Exchange-Traded Funds).

They’ve been around since 1955. When they speak, the financial world listens. 

Their updated price predictions came in on the heels of the Ethereum ETF approvals and include a bear, base, and bull case for $ETH 

We also grabbed their report on $SOL from earlier this year too because what’s milk without the cookies?

Here’s the bull case TLDR:

Why does this matter? VanEck isn’t some random YouTuber shilling the next meme coin. 

They’re a legit TradFi giant with a cool $101B AUM (Assets Under Management) and a reputation that even your grandma would trust. 

AND the Milk Man knows their predictions are worth a closer look!

(This is your bump to read the entire report, it's some of the most comprehensive analysis the Milk Man has seen in terms of valuing digital assets.) 

Let’s break down the numbers:

1/ $ETH base case: $22K

2/ $SOL base case: $335

Vaneck has not yet done a bear, base, and bull report on Bitcoin, however, the Vaneck CEO recently commented on their case for it relative to gold. 

Keep in mind this doesn't account for any growth in the Gold market cap either, meaning these numbers could likely be higher if they provided a detailed report.

So, what do these bull case predictions mean in terms of market caps?

The market cap projections could shake up the crypto hierarchy! 

$ETH at $18.5T would tower over BTC’s $7.7 trillion, making it the new king.

$SOL at $1.46T shows big growth but still has a lot of catching up to do with the big boys.

By the way, the Bear Case from the report? (Brace Yourself)

That’s an 90.75% decrease in $ETH and 94.25% decrease in $SOL from today’s levels… ouch! 

We know, it’s a bit of a buzzkill. 😂 But hey Roaders, it's always good to stay grounded.

🥛 Milk Road Take: VanEck’s predictions aren’t just pie-in-the-sky numbers. They reflect serious analysis and the potential impact of the ETH ETF approvals and beyond. 

For the crypto faithful, this is a glimmer of hope in a market that’s often more volatile than a toddler on sugar.

Are these numbers guaranteed? No, of course not. 

But they give us the reasoning behind each case and a glimpse of what might be possible if the stars align.

And if you’re HODLing, it might just be the motivational poster you need.

Which asset will perform the best from now to 2030?

A/ $ETH

B/ $SOL

C/ $BTC

Hit reply and let us know your case on why! 💬

IT’S FUNDING FRIDAY 🤑

GM! Welcome back to Funding Friday! This week, $399M total was raised by crypto companies.

1/ Avail Raises $43M

What they do: Avail provides decentralized data availability layers for Ethereum and other blockchains.

Who led the round: Dragonfly Capital

Ever wonder what blockchain and Swiss cheese have in common? They both have lots of holes – but Avail is here to dissolve market fragmentation and smooth things out! 🧀🛠️

2/ MAO Raises $35M

What they do: MAO is building a stablecoin solution within the finance and banking sector.

Who led the round: Bain Capital Crypto

MAO allows multiple institutional actors to issue a fungible cryptodollar, leveraging best-in-class collateral such as short-term US treasuries. Stability, secured. 💵🏦

3/ The Sandbox Raises $20M

What they do: The Sandbox is a metaverse and gaming platform where users can create, buy, sell, and monetize virtual reality NFTs.

Who led the round: Animoca Brands

My head hurts thinking about all the money lost in the Metaverse hype last cycle. 📉💰

Honorable Mentions:

We’ll keep tabs on these funds like a crypto watchdog. No detail gets past us. 👀

And if your bags are still flat, let's hope this news brought a smile to your face! 😄

UNLOCKING THE MILK ROAD PRO AMA 🎙️

Last week, Milk Road PRO members got an exclusive AMA, and guess what? 

We decided it was time for everyone to enjoy it and get an inside scoop on what PRO is all about. 👀

Tune in to hear our heads of research, Kyle and Martin, tackle 30 crucial questions from investors just like you.

From staking to investment strategies, market insights, and more – we've got it all covered. 

Trust us, you don't want to miss this. 👇

YouTube | Spotify | Apple Podcasts

BITE-SIZED COOKIES FOR THE ROAD 🍪

Roaring Kitty Memecoins Soar Amid GameStop Frenzy. The cat is back and so are his coins! Keith Gill’s return to social media has GME, KITTY, and ROAR memecoins pouncing with triple-digit gains. GameStop stock is also on the rise—it's a purr-fect storm!

Kraken Considers Pre-IPO Funding Round. The crypto exchange is eyeing a final funding round before its IPO, looking to snag over $100 million. It seems the market rally has them following in Coinbase's steps!

Telegram Launches TON-Linked 'Stars' Currency After Toncoin Hits All-Time High. The new in-app currency "Stars" has arrived, letting users buy digital goodies and services. With Toncoin already showing strong metrics, it’s like launching a new rocket after hitting the moon—stellar timing, indeed!

Wormhole Launches Staking and Governance for W Token Holders. The new mechanism lets W token holders vote on proposals across multiple chains. With MultiGov, Wormhole is blasting off into decentralized territory—next stop, governance galaxy!

New York Attorney General Sues Promoters Over $1B Crypto Pyramid Schemes. The lawsuit targets promoters of AWS Mining and NovaTech for defrauding investors. With $1 billion lost, these schemes were less about crypto and more about creatively conning—justice is finally on the blockchain!

Wanna team up with the Milk Man? We currently have 2 positions open – check ‘em out and apply here!

Get in front of the best audience in crypto – our 290k+ Roaders are the smartest, funniest, and best-looking investors and traders in crypto. 

Fill out this form to sponsor the Milk Road newsletter, podcast, and/or YouTube channel.

MILKY MEMES 🤣

RATE TODAY’S EDITION

ROADIE REVIEW OF THE DAY 🥛

ROADIE REPLY OF THE DAY 🥛

In yesterday’s daily we asked you: have you ever been scammed in crypto?

Well 74% of you voted: Yes - RIP my bag

And here is the reply 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.