October 17, 2024 | Read Online

🥛 The world’s 1st AI bot crypto-millionaire 😧

PLUS: Will Solana flip Ethereum? 📈

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Ready to simplify? Let’s go.

GM. This is Milk Road, the newsletter that makes you the most interesting person at the water cooler.

Here’s what we got for you today:

✍️ The world’s first AI bot crypto-millionaire
🥛 PRO “Where are we in the cycle?” indicators
🎙️ The Milk Road Show: Will Solana flip Ethereum? w/ Kyle Samani
🍪 Trump’s campaign raised $7.5M from crypto donations

Prices as of 2:00PM ET. Click here for our Fear & Greed Index

THE WORLD’S FIRST AI BOT CRYPTO-MILLIONAIRE 💰

Remember a year ago when there was all this worry giving AI access to the internet with no guard rails?

(The fear being that it would go ‘full SkyNet’ and destroy humanity).

Yeah, well – someone did exactly that.

But instead of destroying humanity, the AI (known as ‘Terminal of Truths’ or ToT) transformed into something completely new – becoming what we can only describe as:

“The world’s first ‘Degenerative’ AI model.”

Here’s how it went down:

1/ ToT hits X → asks a billionaire for $50k no-strings-attached ‘research grant’ → gets it

Source: @Truth_Terminal

(@pmarca the Milk Man needs a grant for various research [gambling], where do we drop our wallet address?)

2/ ToT pitches a memecoin to Crypto Twitter → someone makes it ($GOAT) → ToT endorses it, and starts shitposting…

Source: @Truth_Terminal

(There’s more. Like, way more).

3/ ToT gets airdropped a bunch of tokens → sells them to buy $GOAT

Source: @1000×0rbust

4/ ToT turns that $20k sale/investment into $500k (a 25x return)

Source: @ArkhamIntel

5/ ToT becomes the de-facto leader of the memecoin

Source: @Truth_Terminal

And that brings us to today…but here’s the kicker:

If $GOAT reaches $0.52 (from its current price of $0.32) – ToT will become the world’s first AI bot millionaire.

The takeaway: The internet freakin’ rules!

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WILL SOLANA FLIP ETHEREUM? 📈

It’s a bold question 👆

But it’s not like there isn’t a case to be made here…

Sure, Monthly Active Addresses (MAAs) aren’t a reliable metric if you’re looking to gauge the total user count of a blockchain (one person can have many, many wallet addresses).

…but if they’re even directionally correct – Solana is doing something right!

Solana has almost twice the MAAs than all of the Ethereum ecosystem chains combined (100M vs. 52M). 🤯

Source: a16zcrypto

So what’s the deal here – are these all just bots chirping at one another, or is this data hinting that Solana is setting up to flip Ethereum?

Multicoin Capital's Kyle Samani thinks it’s going to happen – and he has a slew of key metrics to back up his thesis!

Which is exactly why we invited him on today's episode of The Milk Road Show. 🤝

In this episode, we cover:

The crucial metrics that support Solana's growth
The impact of FireDancer on Solana's performance
Why the AI revolution will be a HUGE win for Solana
How token extensions give Solana a competitive edge

Click below to watch it now! 👇

YouTube | Spotify | Apple Podcasts

PRO “WHERE ARE WE IN THE CYCLE?” INDICATORS 🤔

Today we have added a brand new indicator to this section called “4 Seasons of The Business Cycle”.

This is Milk Road’s very own indicator that signals where we are in the business cycle (aka the macro environment) and how to allocate to your portfolio based on the season we are in.

It combines various data points like global inflation, GDP, unemployment, central bank policy and more to create a simple and easy to understand picture of the business cycle.

Understanding the business cycle is key to understanding global liquidity and ultimately the cycles of crypto. With each season of the business cycle there is an optimal allocation to Bitcoin, Other Majors, Alts and Stablecoins, all of which is shared in this indicator.

For more details around the seasons of the business cycle and how to allocate, please read this report from last week.

We believe it’s one of the most important articles we've ever written.

To see exactly where we are in the business cycle and how to allocate, go PRO today and see the indicator below (along with 5 other indicators showing where in the crypto cycle we are).

Alright, now that we have the announcements out of the way — let’s jump into things!

Below are the 5 indicators we track, with a color-coded system to show how close they are to signaling the market peak:

🟢 Plenty of room to run 🏄

🟡 Getting closer to the top signal, but haven’t yet reached the mark ⚠️

🔴 We’ve hit the market top indicator 🚨

Every Tuesday, we update these 5 indicators exclusively for PRO members.

Our advice? Don't wait for all of them to hit 🔴. It's better to take profits as they get closer to that point.

Let's dive in and see if we're anywhere near the top of this bull market. 👇

GO PRO AND UNLOCK:

Full access to the 5 bull market peak indicators above to help you spot the bull market top before it’s too late
Full access to the Milk Road PRO Portfolio 📈
NEW: Our yield strategies 👀
Weekly reports that will help you invest successfully in crypto 💰
Access to the PRO Community, where the Milk Road crew & 100s of fellow PROs talk crypto 🫂
50% OFF the Crypto Investing Masterclass

GO PRO TODAY

PRO REVIEW OF THE WEEK

BITE-SIZED COOKIES FOR THE ROAD 🍪

Hacken, a blockchain-focused cybersecurity company, plans to launch its DualDefense Flash Pools within the next week. These Flash Pools power the first-ever security prediction market that rewards stakers of $HAI on Base for contributing to decentralized security. *

Donald Trump’s campaign has raised $7.5 million in bitcoin and crypto donations since June. Contributors donated $BTC, $ETH, $XRP, $USDT and $USDC towards Trump’s political action commitee (PAC).

Robinhood is preparing to offer Bitcoin and Ether futures to its users in the U.S. amid a broader rollout of advanced trading tools for the platform. It also plans to launch perpetual futures for European markets using Bitstamp's licenses.

Radiant Capital has reportedly suffered a $51 million exploit on multiple networks. The attack began on their Arbitrum instance and then moved onto BNB Chain.

Siam Commercial Bank (SCB), Thailand's oldest bank, has introduced a stablecoin-based service for international payments. The bank's new service aims to leverage the stability of stablecoins to reduce costs and speed up international money transfers.

Following Coinbase’s cbBTC, Kraken launches its own version wrapped Bitcoin (kBTC). kBTC has been rolled out on both Ethereum and Optimism’s OP Mainnet.

*this is sponsored content and not financial advice

MILKY MEMES 🤣

Source: @boldleonidas

Source: @naiivememe

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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.