PLUS: Introducing DeBank November 03, 2023 | [Read Online]( Todayâs edition is brought to you by [Everstake]( - a trusted validator utilized by 625K users across over 70 blockchain networks. [Stake with as little as 0.1 ETH!]( GM. This is Milk Road, your daily crypto pill - easy to swallow and no bitter aftertaste. Hereâs what we got today: - The U.S. vs. Sam Bankman-Fried verdict is in⦠âï¸ - Move aside liquid staking ð - âBitcoinâs risk-reward is in another universeâ - Fidelity Director ð£ï¸ - Meet one of our favorite tools: DeBank ð§ - The best from Coinbaseâs Q3 earnings report ðª
[Prices as of 7 AM ET. Click here for our Fear & Greed Index]( THE U.S. VS SAM BANKMAN-FRIED VERDICT IS IN⦠âï¸ It was 7:30 PM. The team was hanging out at Milk Road HQ. We were focused on one thing: Crypto Thursday Night Football. (we gotta get a break too, ya know) But then, we got a text from the Milk Man: âThe verdict is inâ¦â Our tech guy immediately shut the game off. He connected his phone to the TV so we could all see the next messages. A few moments later⦠Milk Man: âGUILTY! Milk Man: âON ALL 7 CHARGES!â [LIVE FOOTAGE OF MILK ROAD HQ]
[Source: Tenor]( The whole place erupted. Our researchers started doing backflips. (Didnât know our nerds were so athletic) Our office manager ran outside and started streaking down the street. Our Head of HR poured a gallon of milk on her head. No idea why. And Iâm pretty sure I just saw two of our interns sneak into a closet together⦠Needless to say, weâre pretty happy over here. For crypto to work, we need bad actors to get punished and reckless players need to get rekt. And Sam Bankman-Fried (formerly-known-as-SBF, or fkSBF for short) is the most reckless player weâve had yet. He stole billions of dollars from customers, lied to investors, and tried to cover it all up. Now, heâs been convicted of fraud and faces up to 115 years in prison. Like my grandpa always says: âDonât do the crime, if you canât do the time.â [MOVE ASIDE LIQUID STAKING]( All the talk recently has been about liquid staking. Well Roaders, liquid staking isnât the only way to [stake ETH and earn yield](. Thatâs where traditional staking comes in. Thatâs where you lock your funds into a smart contract in order to secure the network. And when it comes to traditional staking, [Everstake]( is leading the way. Hereâs the benefits of staking traditionally with Everstake: - Easy setup: You can start staking with 3 simple steps, and they offer an even quicker âInstant Stakeâ feature - Passive management: Investors earn rewards while sitting back and not needing to manage their assets or claim rewards - Network validation: Locking tokens contributes to a more stable and secure Ethereum network And they even offer instant access to unstaking your funds so you have ultimate control. [Stake your ETH in 3 clicks!]( âBITCOINâS RISK-REWARD IS IN A DIFFERENT UNIVERSEâ - FIDELITY DIRECTOR ð£ï¸ Meet [Jurrien Timmer](. - Heâs the Director of Global Macro at Fidelity - one of the largest asset managers in the world - Turns complex data and trends into easy-to-understand graphs - Has 170K+ followers on Twitter (respect) Well, check it out. Jurrien recently created a risk-reward chart for investment assets. It includes stuff like gold, stocks, fiat currencies, and Bitcoin.  The results? [Bitcoinâs]( risk-reward âis in a different universeâ, according to Jurrien.
[Source: @TimmerFidelity]( Jurrienâs main takeaway: Bitcoin is down 54% from its two-year high, but itâs also up 84% from its low. Government bonds canât hold a candle to that risk-reward math, and neither can many other asset classes. ([at least at this moment](). Be right back, adding this to the list of âThings To Shove In My Familyâs Face During Thanksgivingâ. MEET ONE OF OUR FAVORITE TOOLS: DEBANK ð§ The blockchain is an open book - you can see everything. Transactions. Wallet balances. Timestamps. You name it. Thereâs just one problem⦠reading blockchain data is hard. Really f*cking hard. I mean, just look at [the last few transactions]( we made: Source: Etherscan Itâs like trying to understand a teenagerâs text messages - you know all the info is there, but you canât decipher it. Today weâre gonna show you a tool we use to make it easy. Itâs called [DeBank](. It helps you track crypto portfolios and gives you a simple interface that shows you the blockchains, protocols, and assets any specific [crypto wallet]( has used. So instead of the blockchain data looking like a deadly spreadsheet (like in the pic above), it looks like this: Source: DeBank See? A lot better. You can easily see we have assets on [Ethereum](, Optimism, Base, Arbitrum, etc., and which protocols weâve used on each. Plus, DeBank is super helpful with whale watching. Aka you look into other rich wallets to see what theyâre invested in. You can check out some of our coverage on those [here](, [here](, [here](, and[here](. P.S. - weâve been using DeBank for 20+ months now. Thatâs longer than most relationships, so we figured it was time to do the whole âMeet The Famâ thing. Thatâs why we created a Guide to DeBank. Just for you, fam. [Check it out here](. BITE-SIZED COOKIES ðª [ArDrive puts a twist on decentralized data storage with their âpay as you goâ offering.]( To add to the savings, Milk Road readers can get 30% off their storage when using the code âMILKâ.* [Coinbase posted $674M in revenue in Q3](. The good news? Revenue beat expectations. The bad news? Trading volume is down 21% quarter over quarter. [The SEC subpoenaed PayPal over its PYUSD stablecoin](. PayPal launched its stablecoin like two months ago and is already learning about the three most-feared letters in crypto: SEC. [ProShares launched the worldâs first short ether-linked futures ETF](. Itâs called SETH and lets traders short ETH and profit if the price drops. [The total stablecoin supply has been increasing over the last 2 weeks](. Some analysts suggest this could mean crypto is seeing an inflow of capital. [MILK ROAD IS HIRING A NEWS WRITER!]( Interested in covering breaking news and analyzing news stories for Milk Road? [Apply here]( and weâll be in touch if you are a good fit. *This is sponsored content MILKY MEMES ð¤£
[Source: Reddit]( 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? - [ð¥ð¥ð¥ð¥ð¥ F**king great](
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