PLUS: 3 things to know before the Bitcoin halving ð April 18, 2024 | [Read Online]( [fb]( [tw]( [in]( [email](mailto:?subject=Post%20from%20Milk%20Road&body=%F0%9F%A5%9B%20Crypto%20has%20a%20new%20%27bot-less%27%20blockchain%20%F0%9F%91%8B%3A%20PLUS%3A%203%20things%20to%20know%20before%20the%20Bitcoin%20halving%20%F0%9F%91%80%0A%0Ahttps%3A%2F%2Fmilkroad.com%2Fdaily%2Fcrypto-has-a-new-bot-less-blockchain) Todayâs edition is brought to you by [LightLink]( â an Ethereum Layer 2 blockchain that lets dApps and enterprises offer users instant, gasless transactions. [Join LightLinkâs token distribution on Fjord Foundry.]( GM. This is Milk Road. Weâre like that one friend who always has the juiciest gossip â except ours is all about crypto and totally legal. Hereâs what we got for you today: - WorldChain - the first blockchain without bots? ð¤ - 3 things to know before the Bitcoin halving tomorrow ð - We will likely not see rate cuts in May ð¢ - This âBig 4â accounting firm is using the blockchain ðªÂ
[Prices as of 1:30 PM ET. Click here for our Fear & Greed Index]( CRYPTOâS FIRST BOT-LESS ETHEREUM LAYER 2? ð¤ Ethereum [L2s]( are like travel destinations â even though there are so many to choose from, youâre still excited when you find a new option. Well, we found one â WorldChain â WorldCoinâs own L2 launching this summer. And it has a twist. It is claiming a big fat zero on the bot-o-meter. How it works: 1/ Everyone can use WorldChain â it is permissionless and open. 2/ Verified users get free gas (to an extent) and their transactions are processed faster, while bots are left behind â like those in crypto who aren't reading Milk Road. 3/ To be a verified user you need to scan your eyeball with WorldCoinâs Orb â once you do, you get a verified profile on the WorldID App.Â
[Source: @worldcoin]( This ID-verification concept is called âproof of personhoodâ and over 5M folks have eyeballed their way to a WorldID, through the Orb. 4/ The result â 0 bots. And thatâs why WorldChain is unique. ð¥ Milk Road Take: This is a crazy (yet kinda cool) projectâ¦and we see 4 big winners here⦠- Users â they get a blockchain with fewer bots, less friction & some gas-less transactions. Noice. - WorldCoin â they get a new way to make some moolah once the 5M+ people use and pay up the gas on WorldChain. (Just look at Coinbase, whoâs already raked in [$33M+ in profits since launching their L2, Base.]() - Ethereum â because this is yet another L2 helping it scale. - Optimism â WorldChain is built on the OP Stack (a toolkit that allows devs to easily build an L2) â like Base, Mode, or Zora. Plus, 15% of WorldChainâs revenue goes straight to the Optimism Foundation. Weâll be keeping a close eye to see if WorldChain ends up becoming a contender in the L2 Race. [ANOTHER TOKEN DISTRIBUTION STARTS TODAY, THIS TIME WITHOUT WHALES]( The community cheers on whales buying Bitcoins through ETFs but hisses on them at regular token sales. Their typical tactic is to corner the market, buy as much as they can, and then dump it at once for a profit. [LightLink](, a hidden EVM L2 gem with gasless transactions and Celestia underneath, doesn't want the whales to dump their $LL tokens. Today, LightLink starts its token distribution on the Fjord Foundry platform through a Liquidity Bootstrapping Pool (LBP). At LBP, whales and bots can buy only a small number of tokens, as buying big will cause them to overpay drastically. Regular users can buy as usual, helping to discover the fair price for the $LL token. Why LightLink? - Gasless Layer 2. - Celestia underneath. - 100,000 daily transactions on Mainnet. - Partnered with Animoca Brands and 25+ other ecosystem projects. - $6.2M in seed round from both Web2 and Web3 investors. [Join LightLinkâs token distribution on Fjord Foundry!]( 3 THINGS TO KNOW BEFORE THE BITCOIN HALVING ð [Bitcoinâs price]( will be cut in half â from $60k to $30k. Just kidding, donât freak out! Hereâs everything you really need to know: The miner rewards will be cut in half Instead of issuing ~900 BTC per day, the Bitcoin network will only spit out ~450 BTC per day. Less issuance = Less inflation 𥳠But you probably already knew that. So let's dive into the juicier bitsâthe supply and demand of Bitcoin. We have an [in-depth PRO Report on this here](. Hereâs the too-long-didnât-read (TL;DR) version: Nobody is selling - Bitcoin on exchanges is at a 5-year low - There are more long-term holders & whales than ever - 45% of the Bitcoin supply hasn't moved in 3+ years â an all-time high
[Source: Glassnode]( PLUS: 7% of the BTC supply is lost forever because people lost their keys or sent coins to the wrong addresses. Demand is through the roof This year, 98,512 Bitcoin has been mined, but check this out: - [ETFs]( snapped up 218,500 BTC - MicroStrategy grabbed 25,100 BTC - Tether nabbed 17,700 BTC Together, these three alone bagged 261,300 BTCâ2.6 times the minted amount this year. And that's not even counting the haul from retail, other big players, or Bitcoin-loving governments like El Salvador. Bottomline: Demand is going up ð Supply is going down ð P.S. - if you want to nerd out some more on the Halving, check out [this thread](. THE FED LIKELY TO NOT CUT RATES SOON ð¢ I know what youâre thinking⦠If everythingâs so bullish, WHY THE F*CK are prices tanking? 𤬠Answer: Because of FED Chair, Jerome Hayden Powell â also known on the streets as Big Dog JHP. Hereâs the deal: No rate cuts, no party. Yes rate cuts, Valhalla, baby. ð For the FED to even think about trimming rates, inflation needs to chill out. (Spoiler: It hasn't) March's CPI hit 3.5%. The FEDâs target? 2%. Earlier this week, JHP admitted that thereâs no progress on taming inflation. So, expectations for rate cuts have hit a [low not seen since last October.]( Mark your calendars: the next FOMC showdown is from April 30th to May 1st â but don't hold your breath for cuts. GET YOUR MILK READY - WEâRE HOSTING AN AMA ð¥Â Youâve got questions, weâve got the answers (hopefully)⦠Next Wednesday (April 24th) at 12PM EST, weâre hosting a PRO-only AMA in Discord â this is your chance to hang out with the Milk Road crew and get any questions answered! Not a PRO? [Upgrade your membership today]( to gain access to the Milk Road Discord and all of our weekly reports for insights that help you invest in crypto. Youâll receive an email with instructions on how to join upon signing up. BITE-SIZED COOKIES FOR THE ROAD ðª [A sustainable P2E?]( Nearly a year in and this P2E is still giving away $30k in tokens a day with 25k people playing daily.* [Tether announced a plan to reorganize the company into 4 new divisions](. âTether Financeâ will manage the USDT stablecoin, âTether Powerâ will manage investments in Bitcoin mining. âTether Dataâ will oversee strategic investments, and âTether Eduâ will house education initiatives. [Aptos Labs is teaming up with Microsoft, Brevan Howard, and SK Telecom to build a new institutional platform](. âAptos Ascendâ will provide the worldâs financial institutions, banks, and tech-forward money markets with a performant, compliant, secure, and scalable gateway to decentralized finance on Aptos. [Kraken launched a new crypto wallet](. The self-custodial wallet will initially support 8 blockchains - including Bitcoin, Ethereum, Solana, Optimism, Base, Arbitrum, Polygon, and Dogecoin. [TikTokâs parent company, BytePlus, is partnering up with Mysten Labs to enhance web3 gaming and SocialFi apps on the Sui blockchain](. BytePlus will collaborate with Mysten Labs to offer various services to Sui, including recommendation solutions and augmented reality products. [Ernest & Young (EY) plans to use Polygonâs proof-of-stake (PoS) for business contracts](. The âBig 4â accounting firm revealed an enterprise contract management service that would let clients put contracts on a public blockchain while keeping business information private through zero-knowledge circuits. *This is sponsored content MILKY MEMES ð¤£
[Source: @naiivememe](
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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] Milk Road @MilkRoadDaily [tw] Apr 18, 2024 1 Like 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 ImpactDM Inc. operating as Milk Road 1257 Dundas St W
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