PLUS: Say hello to Milk Road Radio ðï¸ April 04, 2024 | [Read Online]( [fb]( [tw]( [in]( [email](mailto:?subject=Post%20from%20Milk%20Road&body=%F0%9F%A5%9B%20Crypto%20has%20a%20new%20stablecoin%20%F0%9F%91%80%3A%20PLUS%3A%20Say%20hello%20to%20Milk%20Road%20Radio%20%F0%9F%8E%99%EF%B8%8F%0A%0Ahttps%3A%2F%2Fthemilkroad.beehiiv.com%2Fp%2Fcrypto-new-stablecoin) Todayâs edition is brought to you by [BetterHelp]( â your well-being is an investment worth making. [Take the Personalized Assessment.]( GM. This is Milk Road, where we bring you the crypto news that matters â no detours, straight to the destination. Hereâs what we got for you today: - Cryptoâs getting a new stablecoin ð - Milk Road is launching a podcast ðï¸ - Solanaâs BIG problem right now ð§Â - BTC ETF flows just turned positive again ðª
[Prices as of 1:30 PM ET. Click here for our Fear & Greed Index]( CRYPTOâS GETTING A NEW STABLECOIN ð Say hello to cryptoâs new stablecoin⦠[the Ripple stablecoin](*.Â
[Source: @Ripple]( *P.S. - The token doesnât have a name yet. Itâs like a celebrity baby awaiting the reveal of its unique, headline-worthy name. Hereâs everything we do know so far: - The [stablecoin]( will be pegged to the U.S. dollar. - It will be backed 100% by USD deposits, short-term U.S. Treasurys, and other cash equivalents. - The reserves will be audited by a third-party accounting firm and Ripple will publish monthly attestations. - The Ripple stablecoin will be available on XRP Ledger and Ethereum later this year, with plans to expand to other blockchains and protocols in the future. This isnât Rippleâs first crypto rodeo either. It already has a token ($XRP), a blockchain (XRP Ledger) and now, itâs going for the trifecta⦠a new stablecoin. But the Ripple stablecoin will have its hands full as it tries to compete with⦠- Tether ($USDT): currently has a $106B market cap and dominates 69% (giggity) of the stablecoin market. - Circle ($USDC): currently the 2nd largest stablecoin with a $32B market cap and 22% market share. Weâll see if the no-name rookie can compete with the rest of the vets. [FEELING STRESSED & STUCK?]( Conquer 2024 with Personalized Therapy on BetterHelp Talking about mental health can feel daunting, but you deserve to feel supported and understood. [BetterHelp]( creates a safe, stigma-free space where you can be your authentic self and explore your concerns. Your therapist will listen without judgment and guide you toward positive change. Remember, millions of people use therapy, and it's a sign of strength, not weakness, to [invest in your emotional well-being](. [Take the Personalized Assessment.]( INTRODUCING MILK ROAD RADIO ðï¸ The Milk Man believes in 3 things: 1/ The whole world will move onchainâthatâll bring massive opportunities for early investors like you. The Milk Man wants to make sure you donât mess it up! 2/ 99% of this industry is trash but 1% is goldâeach cycle comes with a new narrative: ICOs in 2017, NFTs in 2021, AI in 2024 etc⦠Once the narrative stops, 99% of projects disappear, while 1% reshape industries forever. The Milk Man wants to guide you to that golden 1%. 3/ Crypto needs to be more funâthis needs no introduction. The Milk Manâs been doing this for years, every day. Now itâs time to level it up with Milk Road Radioâthe podcast you need as a founder, investor, or user, to capitalize on this massive opportunity called crypto! What to expect: ðï¸ Weekly podcast published 3x/week. ð¡ Hosting cryptoâs greatest minds. ð Technical and macro analysis to make sense of the market. ðï¸ Keeping you updated with the latest in crypto. So grab a glass of milk, and watch our first special episodeâweâre introducing Milk Road Radio, our beliefs, our mission, and, most importantly, our hosts. Help us grow by subscribing/following us on your favorite podcast platform. ð You can check out the latest episode on any of our platforms: [YouTube]( | [Spotify]( | [Apple Podcasts]( P.S. - Early Milk Road Radio listeners get a discount on Milk Road PRO. Weâre also giving away some swag and free PRO memberships, so tune in! SOLANAâS BIG PROBLEM RIGHT NOW ð§ Earlier this week, a good friend of mine embarked on his first journey into the Solana ecosystem. It was like watching a kid before his first day of school. He was buzzing with excitement... - Crypto wallet: Downloaded â
- Funds: Deposited â
- He even carefully picked out his outfit before his first day of trading. Well, yesterday, he sent me his first update. 3 simple wordsâ¦âWhat. The. F*ckâ Turns out it was a rough first couple of days at crypto school. His transaction log? Looked like a digital graveyard. All his transactions were failing. His laptop? Has been turned into a piece of âabstract artâ. Just look for yourself⦠If youâve been using Solana recently, youâve probably had a similar experience. Transactions are failing left and right. In fact, according to our researchers, only about 30% of ânon-vote transactionsâ have been successful this week.Â
[Source: Dune (@milkroadpro)]( Now, thereâs a lot of chatter that this is because âSolana is failingâ. But thereâs a bit more nuance to this⦠- Itâs not that the chain itself is failing and Solana canât actually settle/execute the transactions⦠- The problem is that things are moving so fast that the price/thing you were trying to do is simply no longer available. P.S. - If you wanna nerd out some more, this is a [great Twitter thread]( that breaks down whatâs happening. Either way, this is becoming a big problem and it seems like everyone and their momma are experiencing it. So we got curious⦠What % of your transactions have failed on Solana over the last week? [< 25%](
[25% - 50%](
[> 50%]( Click on your answer above and weâll share the results tomorrow! BITE-SIZED COOKIES FOR THE ROAD ðª [ZKX](, the OG Starknet perp exchange, is focused on delivering a smooth trading experience â and they recently announced another feature: [Paymaster](! Users can now direct deposits to OG Trade and Pro Trade, minimizing gas fees and optimizing trading experience.* [Weâre hiring! The Milk Man is searching for a talented and driven crypto-native Finance Analyst and Writer to help contribute to Milk Road PRO research](. If you have expertise in financial analysis and a deep understanding of the crypto space, you might be a great fit! Reach out by filling out [this form](. [BTC ETF flows just turned positive for the week](. Wednesdayâs $113.5M in net inflows, following the $40.3M added on Tuesday, were enough to surpass the $87.5M in net outflows on Monday. [Galaxy Digital is launching a new $100M crypto fund for early-stage startups](. The 9-figure fund will bankroll as many as 30 companies in the next three years. [Coachella launched a new Avalanche-powered game for festival-goers, called Coachella Quests](. As fans complete Quests, from engaging with the festivalâs Discord to completing on-site scavenger hunts, they will earn digital Stamps (NFTs) and associated Points (XP) that can unlock access to exclusive prizes and festival experiences. [Bitfinex Derivatives launched perpetual futures tied to BTC and ETH volatility indices](. This means users can now place bets on the top 2 cryptocurrenciesâ volatility. (Degens gonna degen) [Vana launched a new DAO called Reddit Data DAO](. It rewards users for contributing their Reddit data and lets users vote on what to do with the collective data (i.e. selling it to A.I. companies for model training). *This is sponsored content MILKY MEMES ð¤£
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[ð¥ You didn't bring the heat]( ROADER REVIEW OF THE DAY VITALIK PIC OF THE DAY [tw profile: Milk Road Images] Milk Road Images @MilkRoadImages [tw] when you try Solana for the first time and your first 8 txs all fail... Apr 4, 2024 0 Likes 0 Retweets 0 Replies 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. [tw]( [ig]( [yt]( [tk]( [in]( Interested in reaching smart readers like you?  [Sponsor Milk Road]( Update your email preferences or unsubscribe [here]( © 2024 Milk Road Inc. 603 Munger Avenue Suite 100 #1006
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