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GM. This is Milk Road, the crypto newsletter that's as gratifying as hitting all green lights when you're running late.

Here’s what we got for you today:

YIN AND YANG: CRYPTO VS. AI ☯️

The crypto world and AI are doing the tango, and trust us, it’s a dance you don't want to miss.

Inspired by Balaji's recent spicy tweet, we're diving into how these two titans are more interconnected than you might think. 

Let’s explore this milky comparison:

The AI vs. crypto narrative is like yin and yang:

Let’s breakdown a few of the points made in this tweet:

AI generates vs. crypto authenticates

AI is probabilistic vs. crypto is deterministic

AI breeds accessibility vs. crypto verifies

AI is digital abundance vs. crypto is digital scarcity

Now let’s look at one of AI and Crypto’s greatest intersections, chips (GPUs).

Yep, Nvidia recently became the most valuable company in the world with a jaw-dropping $3.41T market cap. 

That’s bigger than the entire crypto market cap standing at $2.41T. 🤯

Over the past four quarters:

It's crazy to think that Nvidia isn’t even the whole AI market, but AI isn’t all that Nvidia does either…

So let’s zoom out and try to take a peek where AI, Crypto, and the Internet adoption overlaps:

The synergy of AI and Crypto

🥛Milk Road Take:  AI and crypto are interconnected realms, like peanut butter and jelly – they need each other. If you’re bullish on one, you should be bullish on both.

They’re not adversaries, they’re dance partners in the grand ballroom of tech innovation. One pushes, one pulls. Yin and Yang.

This dynamic duo is set to reshape the future, and it’s going to be a wild ride!

For a deeper dive into AI tools and their impact, check out AI Tool Report – a leading AI newsletter with over 550,000 readers from top companies like OpenAI, Nvidia, Meta, and Microsoft. 

They scour the web for the latest developments to help you save time and earn more with AI.*

*partner content

INTRODUCING MILK ROAD RADIO THE MILK ROAD SHOW 🎙️

Crypto has a big problem: it’s lacking good educational content that’s also short, sweet and punchy. 

That’s why we created the Milk Road newsletter – a daily, 5-minute good read, with high-quality information and decent dad jokes. (You’re a legend 🫵 for reading this daily).

But it’s not enough – people crave content they can listen to. So a few months ago, we launched Milk Road Radio – a podcast with 1-hour episodes, delivered 3x/week.

Then we thought… Seriously, who’s got time for 1-hour long interviews these days???

So we’re rebranding! Let us introduce The Milk Road Show – a daily show delivering the latest crypto news & investing alpha. 20 minutes, 5 days/week. 100% for free. 

We’re bringing in the best crypto investors and industry experts every day . Here are 4 you’ll hear from frequently:

Zeneca: Founder of ZenAcademy, creator of Denizens & author of Letters from a Zeneca. Made tens of millions trading NFTs & memecoins in 2021.

TylerD: Founder of LuckyTrader & writer at The Morning Minute, Tyler has over 50% of his portfolio in memecoins. Recently, he pulled a 100x trading $WIF. 

Lark Davis: Founder of Wealth Mastery, Lark is an OG crypto investor and content creator. He’s been educating millions of people about crypto since 2017. 

Kyle Reidhead: Owner & Head of Research at Milk Road, Kyle has been in this space since Bitcoin was at $3k and $ETH at $150. 

These amazing people (and more), will appear on the Milk Road Show every single weekday, with one goal in mind: to help you find the best opportunities in crypto. 💰

Subscribe to The Milk Road Show on YouTube, Spotify or Apple Podcasts to never miss an episode!

RISE OF ENTERPRISE L2’S 🔝

Earlier this week, Polygon announced that Fox Corp. is launching an L2 on Ethereum called Verify—a protocol for content authentication of articles, audio, and images across various Fox News Stations. 

Fox has already verified over 300,000 pieces of content on Verify!

AND they’ve just announced a partnership with TIME Magazine, marking TIME as their first external publishing partner. Fancy stuff, huh?

But, this isn't just about Fox flexing their blockchain muscles. It signals a bigger trend: enterprise L2s are coming, and they’re coming fast. 🌪️

What Are Enterprise L2s, anyway?

By now, you Roaders know the drill: blockchain means storing and moving value cheaper, faster, and more transparently. 

Now, enterprises are getting in on the action.

But instead of building their own blockchains or using general-purpose ones like Optimism or Solana, they’re creating their own L2s on Ethereum.

Here’s why:

Check out Base’s cumulative revenue over the last year:

This movement started with the crypto native companies:

After the outstanding success that Base has had so far, non-crypto companies are beginning to set up shop too:

🥛Milk Road Take: Enterprises are moving onchain to create products and ecosystems that simply are not possible offchain, and they are choosing to do so with L2s.

This is big for Ethereum, as its main focus is to become the settlement layer for the internet and enterprise adoption is key.

It appears to be achieving exactly that, finding product market fit as a settlement layer for onchain ecosystems like:

Milk Man is bullish $ETH 🚀

MILK ROAD PRO PORTFOLIO UPDATES 📊 

Crypto markets are always a rollercoaster – full of ups and downs that can make your head spin.

The secret to long-term success? Stick to your plan, no matter what the market throws at you.

That's why we created the Milk Road PRO Portfolio, showing you how we navigate the crypto seas.

Here's the latest on our simulated investments and key news affecting the assets. 👇

FYI: We are not a day trading portfolio so don’t expect a high volume of trades. You can learn more about our portfolio strategy here.

Portfolio performance 📉

The Milk Road PRO Portfolio saw a slight decrease over the past 7 days. Our portfolio value is at $109.5K, down 2.3% since last week.

The crypto markets experienced significant volatility last week, with large swings up and down. 

Unfortunately, the total crypto market cap is still 20% below its all-time high, even as the NASDAQ and S&P 500 reached new highs. 

This could indicate that crypto is lagging behind stocks, presenting a potential opportunity to enter at favorable prices.

Let’s dive into any changes to our portfolio & our best/worst performing assets over the past 7 days. 👀⤵️

Portfolio changes 👀

We haven't made any changes to our portfolio over the last 7 days. 

BITE-SIZED COOKIES FOR THE ROAD 🍪

ZRO hits $1.1B market cap post Airdrop. LayerZero’s token launched and quickly reached a trading price of $4.40. The airdrop includes 23.8% of the supply, with users needing to donate $0.1 in crypto per token to claim it.

BNB Chain activates hard fork, reduces fees by 90%. The blockchain just had a makeover with the Haber hard fork, optimizing data storage and slashing layer-2 costs. Now, optimistic rollup layer-2 solution opBNB will see its network fees reduced to around $0.0001.

MicroStrategy acquired 11,931 Bitcoin for $786M. The average purchase price for this latest acquisition is around $65,883 per bitcoin. Their total stash now stands at 226,331 BTC, bought for about $8.33 billion. Michael Saylor’s crypto obsession continues!

CertiK claims responsibility for identifying Kraken's critical bug. Sparking controversy, CertiK revealed they found the bug allowing attackers to inflate balances. The drama escalated with CertiK claiming Kraken threatened them for a quick repayment without giving an address.

Jupiter exchange proposes token burn. The proposal (yet to be voted on) plans to burn 30% of its $JUP tokens, mainly from the team’s allocation. This move aims to enhance tokenomics, make tokens scarcer, and boost community engagement.

'Metal Gear Solid' game maker Konami launching Avalanche NFT platform. Konami is diving into the NFT world with their new platform, Resella, on Avalanche. Forget about external wallets; this platform promises to be user-friendly and gas fee-free.

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.