🥛 4 big crypto trends happening right now 👀

PLUS: The Milk Road results are in... 🧐                                                                                                                                                                                                                                                                                                                                                                                                                 November 13, 2023 | [Read Online]( Today’s edition is brought to you by [The Crypto Code]( — a research and education company teaching thousands worldwide how to automate crypto trading. [Start your journey to automated crypto trading!]( GM. This is Milk Road, we’re the crypto CliffsNotes for the pop quiz you didn’t know was coming. Here’s what we got for you today: - 4 big trends happening right now 🤑 - Milk Road Poll Results: Would you rather… 🧐 - FTX is trying to claw back $1B+ for its creditors 🍪 [Prices as of 7:00 AM ET. Click here for our Fear & Greed Index]( 4 BIG TRENDS HAPPENING RIGHT NOW I had a big decision to make this weekend: a) Catch up on household errands before my wife got back in town, or… b) Scroll through all the crypto articles, reports, and tweets so you won’t have to. Then, I remembered I committed my life…. to my wife you, the Roaders. So I went with the obvious choice: B. Here are the 4 most interesting things from crypto this weekend: 1/ DIGITAL ASSETS HAVE SURPASSED $1B+ IN INFLOWS THIS YEAR The results from CoinShare’s latest [Digital Asset Fund Flows]( report are in… There was $293M in total inflows last week. Bringing the total net inflows to $1B+ on the year. [Source: @jbutterfill]( Here are a few other highlights from the report: - Inflows are on a 7-week streak. There have been more inflows during the last 7 weeks than all of last year. - [Bitcoin]( (Exchange Traded Product) ETP trading volumes made up ~19.5% of total Bitcoin trading volumes. CoinShares suggests this is because ETP investors are participating much more in this rally compared to 2020/2021. - [ETH]( saw $49M in total inflows last week. It was the largest week of inflows since August 2022. - [Solana]( rallies with another $12.4M in inflows. SOL is the 2nd most popular asset amongst crypto ETPs and has seen $120M+ in inflows this year. Overall, total assets under management (AUM) are up 9.6% over the last week and up 99% since the beginning of the year. (!!) Milk Road Translation: The suits (aka institutional investors) are coming for crypto. 2/ NFT BLUE CHIPS ARE UP 71% OVER THE LAST MONTH The hype around [NFTs]( has quieted down since 2021. Headlines have gone from... “NFTs are worth millions!” → “NFTs are worth less than a bag of Doritos (not the family size).” Well, turns out crypto’s favorite JPEGs have been rallying recently: - Daily NFT volume just hit a 3-month high. - CryptoPunks NFTs are [being bought for $1M+](. - EtherRock NFTs (aka pictures of pet rocks) are being bought for $100K+. Plus, the [floor prices]( for the Top 10 NFT projects are up 71% over the last month. [Source: @punk9059]( Ladies & gents, it’s the Return of the Expensive JPEGs. 3/ GAS FEES ARE UP BIG Ok. I have good news and bad news… The good news? Everything in crypto is up - prices, daily transactions, users, morale, etc. The bad news? That includes [gas fees](. You see, every time you make a transaction on a blockchain (i.e. Ethereum) you have to pay a fee - this is called “gas”. With the recent rally, gas prices have spiked. Just check out Ethereum’s gas prices from last week. They’re looking worse than California’s... [Source: @nansen_ai]( (Side note: With gas prices spiking, we predict a lot more investors will use [Layer 2’s]( - like Optimism, Arbitrum, etc - for cheaper and faster transactions during the next bull run). 4/ “PONZI COINS” ARE SEEING TRIPLE DIGIT RETURNS Pop Quiz: What do the following tokens have in common (LUNA, FTT, and CEL)? Answer: All 3 were native tokens for crypto “Ponzi Schemes” and all 3 collapsed. Well, turns out they’ve also been 3 of the best-performing tokens over the last month… - FTT: +213%. - CEL: +105%. - LUNA: +92%. You can’t make this sh*t up. Milk Road Take: If you’re thinking about joining the trend and investing in these Ponzi coins for a quick return - don’t. These tokens are like the end slices of a loaf of bread: everyone touches them, but no one really wants them. Ok. That’s enough trends for one day. (Plus my wife just walked in and asked why our backyard still looks like a jungle, so gotta go). Stay thirsty, my friends. -The Milk Man [AUTOMATE CRYPTO TRADING]( No one can deny that crypto is an exciting industry. But what if you could achieve consistent returns without watching every single move in the market? That’s what we call [automation]( over here at Milk Road. And not only could it help your trading performance, it could help your sleep schedule as well. Introducing [The Crypto Code](, a leading education company teaching crypto users how to automate their portfolios. They offer users [a free workshop]( where anyone can learn their secrets, and get $10 of Bitcoin for attending! And just because you're automating the process, doesn’t mean you’re giving up any returns. Attendees will witness [several case studies]( where others have been able to generate solid returns while keeping peace of mind. Spots are filling quickly, and this workshop won’t be around for long. [Start your journey to automated crypto profits!]( MILK ROAD POLL RESULTS: WOULD YOU RATHER… We ended last week with a question to all Roaders… What would you rather own - 1 BTC, 20 ETH, or 800 SOL? (and no, Darcy. You can’t have all 3). Well, the results are in… *drumroll*…. - 39.3% would rather own 1 BTC. - 34.1% would rather own 20 ETH. - 22.4% would rather own 800 SOL. - 4.2% would rather own a bag of rocks (aka none of these coins). BITE-SIZED COOKIES 🍪 [Bankrupt FTX sues crypto exchange ByBit.]( FTX is seeking to claw back $1B on behalf of its creditors - DL News. [Midas (a new stablecoin) is set to launch in the coming weeks](. The stablecoin will be backed by U.S. Treasuries and use Circle Internet Financial's USDC stablecoin as an on-ramp. [Poloniex was hacked for $114M](. Justin Sun’s exchange is vowing to reimburse victims and is offering the hacker a bounty of 5% for returned funds. [JP Morgan has enabled automatic payments using its JPM Coin](. Previously, clients would need to set standing orders for payments to take place at a particular time. Now they can program them to kick in when the relevant criteria are met. [Near Foundation partners with Eigen Labs](. The goal? Make transactions on Layer 2 rollups cheaper and quicker. [A fake Skype app is stealing user photos and crypto funds](. ~$200K in crypto has been stolen so far. MILKY MEMES 🤣 [Source: @0xNemissa]( RATE TODAY’S EDITION What'd you think of today's edition? - [🥛🥛🥛🥛🥛 F**king great]( - [🥛🥛🥛 Meh, do better]( - [🥛 You didn't bring the heat]( Share Milk Road You currently have 0 referrals, only 1 away from receiving The Next 10x Opportunity in Crypto for 2023. [The Next 10x Opportunity in Crypto for 2023]( [Click to Share]( Or copy and paste this link to others: ROADER REVIEW OF THE DAY VITALIK PIC OF THE DAY [tw profile: Milk Road Images] Milk Road Images @MilkRoadImages [tw] Nov 13, 2023 0 Likes 0 Retweets 0 Replies WANT TO SPONSOR THIS NEWSLETTER? 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