🥛 2 reasons crypto's about to rally BIGTIME

PLUS: Puma & Roc Nation's new NFT kicks 👟                                                                                                                                                                                                                                                                                                                                                                                                                 July 17, 2023 | [Read Online]( Today’s edition is brought to you by [Phemex]( - a top exchange for trading crypto and derivatives that just launched their token rewards program with special discounts. GM. This is Milk Road. We’re like that first cup of coffee on a Monday morning - we hit different. Here’s what we got today: - Crypto is ready to rally. Here’s why… 👀 - Puma and Roc Nation drop a new NFT shoe 👟 - Van Gogh gets the NFT treatment 🍪 Prices as of 9 AM ET. HERE’S WHY CRYPTO IS READY TO RALLY 👀 I read a great post called [“Bonds Down, Crypto Up”]( over the weekend. It was by Dan Morehead - the founder of Pantera. And just in case you aren’t familiar with either of those names… - Pantera launched the first cryptocurrency fund in the United States 10 years ago - The fund’s lifetime return is up 41,960% (holy sh*t) - Dan has been timely with predicting bull runs in the past (i.e. he sent a [famous email]( back in 2013 where he said buying [BTC]( at the time was like buying gold in 1000 B.C.) So yeah - when Dan has something to say, I listen. What’s he saying now? Crypto is ready to rally. Lucky for you, I read the whole post so you wouldn’t have to. (When I eat read, we all read.) Here are the MilkNotes™ on the top 3 things Dan had to say: 1/ The Federal Reserve is having a Wile E. Coyote moment Wile E. Coyote is an OG cartoon character. He has one goal: try to trick and catch the Road Runner. So, he sets a ton of traps. But in the end, Wile E. Coyote ends up hurting himself. **womp womp** In his blog post, Dan compares the Federal Reserve to Wile E. Coyote. He claims the Fed has been trying to trick investors by manipulating the U.S. treasury and mortgage bond markets over the last 15 years. The results have been devastating for regional banks, housing, renters, etc. Dan thinks there is still a ton of risks in bonds, which will force investors to look elsewhere for alternatives. 2/ Crypto has decoupled from the S&P 500 Last year, Bitcoin’s correlation with the S&P 500 hit an all-time high of 0.76. Fast forward to today, it’s below 0.10. The correlation switched up like a Ludacris remix - it went from “when I move, you move” —-> “move b*tch, get out the way”. Source: Pantera 3/ As a result, crypto is ready to rally Dan ends the post with the following… “Having traded 35 years of market cycles, I’ve learned there’s just so long markets can be down. Only so much pain investors can take. It’s been a full year since TerraLUNA/SBF/etc. It’s been enough time. We can rally now.” **mic drop** Who knows if Dan will be right again (that last line sounds like it could be out of a fortune cookie), but I wouldn’t bet against his calls. Plus, all signs are pointing toward a rally… Traditional finance giants are lining up to launch [Bitcoin ETFs.]( Tokens like XRP have been deemed not securities. Huge Web2 companies like Puma, Gucci, Microsoft, etc. are all still jumping into the space on a weekly basis. **Houston, we have liftoff** [EARN FREE REWARDS FOR TRADING ON A TOP EXCHANGE]( There’s one word that can turn heads in the crypto space quicker than any other: Airdrop. The problem with airdrop hunting? It can be time-consuming, boring, and often the airdrop isn’t even guaranteed. Well, a [top crypto exchange]( is switching up the dynamic. [Phemex]( just launched xPT Pre-Mining event, open to all users. Here’s what you need to know: - Participants will receive free, guaranteed rewards of Phemex’s upcoming token immediately just for trading on their platform - The total prize pool is 100 Million xPT, with rewards distributed based on trading activity - The event is divided into 5 stages, with early participants reaping the most rewards (Stage 1 just started) Start trading today and [reap instant airdrops!]( Fight your way to the top of the leaderboard for an even bigger boost. [Start Trading]( PUMA AND ROC NATION DROP A NEW NFT SHOE 👟 Check it out, crypto has some new kicks. Puma and Roc Nation (Jay-Z’s entertainment agency) just launched a new shoe collection called RS-XL “Evolution of the Mixtape”. But there’s a twist: each shoe comes with a blockchain-based tech called an “LGT Tag”. Here’s how it works: - The LGT Tag is embedded in the tongue of the shoe - Owners can scan it to access exclusive music content from Roc Nation artists including weekly mixtapes, access to unreleased music, and more - An [NFT]( is also minted on the Avalanche blockchain that can be used to authenticate the shoes and other apparel In total, there will be 3 different styles for the shoes: Cassette Tape, Disc Walkman, and Playlist. Here’s what the Disc Walkman shoes look like… Source: [Puma]( And now announcing the Milk Road Scores…**enter announcer's voice** Style: 3/10. (It looks like my 5-year-old niece decorated them with stickers.) Utility: 9/10. This is a pretty cool concept. And although I wouldn’t wear the shoes, I would listen to music that the shoes unlock. Roc Nation has a stacked roster of artists like… checks notes… DJ Khaled, Alicia Keys, J Cole, J Balvin, and more. But my researchers also tell me they have smaller artists like Jaden Smith (yes, Will Smith’s son) and some guy named Moneybagg Yo. So the big question is: which artists’ music will get featured and released via the new shoes? Only time will tell, but this is definitely a trend we’ll be keeping our eyes on… 👀 P.S. - check out the demo of how it works in action [here](. MILK & COOKIES 🍪 [Kraken re-introduces Kraken Pro for traders.]( The offering allows traders of all shapes and sizes to level up their trading through a clean user interface, advanced tools and analytics, and full customization.* [One of Spain’s National Museums is launching an NFT collection featuring Van Gogh’s artwork](. Some of Van Gogh’s art was converted into high-definition NFTs and certified by the Thyssen-Bornemisza National Museum. [The SEC has formally accepted BlackRock’s Bitcoin ETF application](. Now it’s just the Waiting Game… [Coinbase’s Layer-2 network, Base, is now available for developers & builders](. The mainnet will launch for the general public later in August. [200+ Ethscriptions were stolen in a recent smart contract exploit.]( Talk about a rough start for the new Ethereum protocol… *This is sponsored content MILKY MEMES 🤣 JOIN MILK ROAD PRO Look, we dig deep into crypto. But our new Milk Road Pro newsletter digs in even deeper. And we’re offering 50% off to subscribe for the first 3 months, or $10 a month (that’s just 2 Cheesy Gordita Crunches. C’mon.) [Go Pro]( HIT THE INBOX OF 250K+ CRYPTO INVESTORS Advertise with Milk Road to get your brand in front of the Who's Who of crypto. The Roaders are high-income crypto investors who are always looking for their next interesting product or tool. [Get in touch today](. What'd you think of today's edition? - [🥛🥛🥛🥛🥛 F**king great]( - [🥛🥛🥛 Meh, do better]( - [🥛 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] I'm flying, Vitalik Jul 17, 2023 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]( Update your email preferences or unsubscribe [here]( © Milk Road 603 Munger Avenue Suite 100 #1006 Dallas, Texas 75202, United States