PLUS: Coinbase gets the thumbs up from regulators ð August 17, 2023 | [Read Online]( Todayâs edition is brought to you by [MetaMask Portfolio]( - buy, swap, bridge, and stake from one simple dApp, backed by the most popular crypto wallet. [Start swapping!]( GM. This is Milk Road, where crypto insights are hotter than a jalapeño dipped in Diablo sauce. Hereâs what we got today: - Say hello to cryptoâs newest blockchain ð - Coinbase gets regulatory approvalð¨ââï¸ - McDonaldâs is launching NFTs ðª
[Prices as of 10:00 AM ET. Click here for our Fear & Greed Index]( SAY HELLO TO CRYPTOâS NEWEST BLOCKCHAIN ð This week was filled with one thing⦠new blockchains. (Turns out blockchains are a lot like pimples in high school, new ones are always popping up.) The latest one: Shibarium. Itâs [Shiba Inuâs]( blockchain and the teamâs big attempt at going from a memecoin â a legit crypto project. Hereâs the 60-second rundown of everything you need to know: - Shibarium is a Layer 2 blockchain. - The blockchain is designed to be metaverse and NFT-oriented. - It has high network speeds, low transaction costs, and reduced transaction fees. (the 3 things on my Christmas list this year) - The goal is to create a technical foundation and combine all the other components of the existing Shiba Inu ecosystem. This includes tokens (like LEASH and BONES), NFTs, ShibaSwap, and more. - The ecosystem will also include âShibdentitiesâ - a proof of personhood solution that lets users retain control of their data and privacy. But thereâs a big problem: The Shibarium Bridge is broken. A [bridge]( is a way for users to transfer tokens between blockchains. Think of it as a gateway. But right now, Shibariumâs looks like this⦠As a result, users have about $2.5M worth of crypto stuck on it. So what now? The Shiba Inu team [released]( a blog post this morning titled âAll Is Wellâ. - The team says nothing is wrong with Shibarium. - Instead, the blockchain crashed because of the âmassive influx of transactions and users at the same timeâ. - The team pulled an âitâs not me, itâs youâ. Itâs unclear when (or if) the funds on the Shibarium bridge will get unstuck but, for now, we highly suggest all Roaders stay away until the problem is resolved. Weâll keep you posted with any big updates. P.S. - We emailed the team suggesting the âunplug-it-and-plug-it-back-inâ method (works like a charm for my WiFi) but turns out it doesnât fix blockchains. Shame. [HELLO SIMPLE SWAPPING]( In crypto, thereâs no shortage of exchanges to swap on. In fact, thereâs actually too many to keep track of. The problem? You have to trust the site you are connecting to, fees and slippage are confusing and how can you know that you are getting the best price? In most cases, you canât. But [MetaMask Portfolio]( is changing up the game. Their [swap feature]( aggregates data from various decentralized exchanges (DEXs) and market makers to ensure you get competitive prices and low network fees. Within [MetaMask Portfolio](, you can easily swap thousands of tokens with fewer approvals, slippage protection to guard against wild price swings, and the most gas-efficient route for each trade. This saves you time, money, and sleep at night. And itâs all from the comfort of your wallet. [Start swapping!]( COINBASE GETS REGULATORY APPROVALð¨ââï¸ After a 2 year wait, it finally happened⦠[Coinbase]( got approval to offer crypto futures trading to retail investors in the U.S. [tw profile: Coinbase ð¡ï¸] Coinbase ð¡ï¸ @coinbase [tw] The National Futures Association, a CFTC designated SRO, has approved Coinbase Financial Markets. as a registered Futures Commission Merchant . Coinbase can now offer futures contracts in BTC and ETH to eligible customers in the US.ð Aug 16, 2023 5.57K Likes 1.2K Retweets 333 Replies (btw - looks like the only acronyms missing in the announcement were âYMCAâ) But this is a big deal. Hereâs why: - U.S. retail investors can now buy/sell futures contracts in [BTC]( and [ETH](. - It opens up opportunities for U.S. retail customers to invest in the derivates market. - Itâs estimated the global derivatives market makes up about 75% of all crypto trading, with leverage futures being a big part of that. Itâs a win-win for crypto in the U.S. Retail investors get a new, regulated platform to invest in one of the most popular markets - [the derivates market](. Coinbase gets to become the first U.S.-based crypto platform to offer regulated, leveraged crypto futures and traditional spot trading. ([The OnChain Summer]( celebrations continue) Weâll cheers our milk to that. BITE-SIZED COOKIES ðª [LooksRare's Season 3 just went live.]( Complete Daily Quests to earn Gems and work towards a prize pool of 1,000,000 LOOKS tokens. S3 ends October 16th.* [McDonaldâs in Singapore is launching a Grimace-themed NFT on August 21st.]( There will be 2,000 NFTs that can be claimed for free through the McDonaldâs mobile app in Singapore. [Binance Connect has shut down](. Binanceâs one-stop shop for crypto on-ramps and payment infrastructures launched last year but is shutting down due to âchanging market and user needsâ. [PayPal is temporarily pausing crypto purchases for customers in the U.K](. The pause will begin on October 1, 2023, and isnât expected to resume until early 2024. [Valkyrie filed for an Ethereum futures ETF](. According to the filing, almost all of the fundâs assets will be invested in exchange-traded Ethereum futures, while a small portion will be invested in collateral investments such as cash, cash-like instruments, or high-quality securities. [Helium Mobile has officially launched to the public in Miami, Florida](. The crypto-powered phone carrier is priced at $5/mo and comes with unlimited talk, text, and data. *This is sponsored content MILKY MEMES 𤣠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](. Share Milk Road You currently have 0 referrals, only 1 away from receiving The Next 10x Opportunity in Crypto for 2023. 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