🥛 5 interesting things we saw this week 👀

PLUS: BTC options trading volume hits another high 📈                                                                                                                                                                                                                                                                                                                                                                                                                 December 29, 2023 | [Read Online]( Today’s edition is brought to you by [Uniswap]( — the largest onchain marketplace for digital assets — and now Android and iOS users have the power of Uniswap in their pocket. [Download the Uniswap mobile app today!]( GM. This is Milk Road, the crypto newsletter that drops knowledge like the crystal ball on New Year’s. Side Note: In Boise, Idaho, they do something called the [“Potato Drop”](. It’s exactly what it sounds like… instead of a crystal ball, they drop the biggest potato you’ve ever seen. Side Note #2: We have begun preparation for a “Cookie Drop” next year. We will be dunking the world’s largest cookie into a 12-foot-deep pool of milk. Anyway, here’s what we got for you today: - Bitcoin has a new commercial 📺 - Crypto sees its biggest influx of capital in almost 2 years 🤑 - Crypto hedge funds had a bounce-back year 📊 - Treat your bag like a bar of soap 🧼 - India bans 9 popular crypto firms 🍪 [Prices as of 8:00 AM ET. Click here for our Fear & Greed Index]( 5 INTERESTING THINGS TO END THE YEAR 1/ BITCOIN HAS A NEW COMMERCIAL. There was a Bitcoin ETF commercial going viral last week. It featured [“The Most Interesting Man in the World.”]( Now, a new Bitcoin ETF is getting the attention… [Source: @hashdex]( Milk Road Rating: 🥛🥛🥛🥛(4 out of 5) - Great concept - i.e. comparing the criticism around crypto now to the criticism around the internet back in the day (too slow and complicated). - Solid slogan - “Understanding disruptive innovation takes time. Bitcoin’s time has arrived.” - Could’ve used a better song at the end. It needs something that will make people jump through a brick wall just to buy your ETF. It needs… [Lose Yourself by Eminem.Â]( Btw - at this rate, we wouldn’t be surprised if we saw a Bitcoin ETF commercial at this year’s Super Bowl. 2/ CRYPTO SEES ITS BIGGEST INFLUX OF CAPITAL IN 2 YEARS. PSA: Everyone remain calm… The crypto market is seeing its largest 30-day capital inflow since January 2022. (!!) [Source: @QuintenFrancois]( Money flowing into crypto: ✅ Trading volume going up: ✅ Google searches on the rise: ✅ Uncle Vinny asking me about [ETH](: ✅ (he pronounces it “eh-th” instead of “eee-th” though). Buckle up. 2024 is set to be a big year. 3/ CRYPTO HEDGE FUNDS SAW BIG RETURNS IN 2023. 2022 was a rough year for crypto hedge funds. Most were down 50-90% on their investments and many ended up shutting down. 2023 was the bounce-back year. According to Bloomberg… - Crypto hedge funds had an average return of +44% (rebounding from a 52% loss in 2022). - Crypto passive funds had an average return of +265%. Talk about a comeback! But here’s the craziest part… even though crypto hedge funds had an “up year,” they still struggled to outperform [Bitcoin](. [Source: Bloomberg]( The lesson: you don’t need to make 1,000 complicated trades to get good returns… sometimes, you just need 1 simple one. **static noise** We interrupt your regularly scheduled programming to bring you a quick word from our sponsor… [YouTube video by Uniswap Labs]( Introducing The Uniswap Wallet 🦄 [NOW ON ANDROID AND iOS]( It’s time we talked about the elephant in the room. DeFi users prefer to use dapps from their mobile phone but the UX and compatibility issues suck – mobile dapp design has been a bit of a rollercoaster ride that has Steve Jobs turning in his grave. Enter [Uniswap.]( They’ve built a [mobile app]( for swapping, with some really thoughtful design. - Users are able to on/off ramp, swap in fractions of a second, and auto switch between Mainnet and L2s all from one convenient interface. - Swaps benefit from the best prices, all while maintaining self-custody of assets. - And now there are tons of built-in features allowing users to discover tokens, track metrics, set-up watchlists, and even receive push notifications based on preferences. If you’re new to DeFi or already swapping on mobile, the [perfect swap]( is now accessible directly from your back pocket, from the largest on-chain marketplace for digital assets. [Download the Uniswap mobile app today!]( 4/ Blockchains are like cities. All the talk around blockchains feels so heavy lately. It’s all a BD (Big Dolla) contest… “My blockchain has more trading volume than yours!” “My blockchain’s token has a higher price than yours!” Well, check it out. This was one of the best analogies I’ve seen for blockchains and how people should view them… [Source: @Rajgokal]( Here at Milk Road, we’re big believers that the future of crypto is multi-chain (and we wrote all about it at the beginning of the year [here](). There will be different blockchains for different use cases. And that’s A-OK! There’s enough crypto pie for everyone to eat - not just one blockchain. So let’s just leave the whole “my coin is good, yours is evil” bullsh*t in 2023. 5/ “Treat your portfolio like a bag of soap.” I used to make a big mistake when I first started investing: - I’d panic sell when prices dropped 20%. I told myself I’d just “cut my losses” and buy back in at lower prices… - The “lower prices” never came and instead, it pumped 30%. I’d end up buying back in at a higher price than before, hoping to ride the wave… - Then the wave dies and prices drop again. I’d be back at square 1 (panic sell) and would go through the whole process again… Well, if you’re anything like the rookie-me… here’s some good advice: [Source: @CryptoKaleo]( The lesson: Sometimes the best thing to do is… nothing. BITE-SIZED COOKIES FOR THE ROAD 🍪 [Alternative Assets are hot right now.]( Stay on the cutting edge with Vincent's weekly alts newsletter Spotlight. [Subscribe now.](* [India to block URLs of Kraken, Binance, and 7 other crypto firms](. The move will block Binance, Kraken, Huobi, Kucoin, Bittrex, Gate io, Bitstamp, Bitfinex, and MEXC Global after claiming that the virtual asset service providers (VASP) were “operating illegally.” [Bitcoin options trading volume hits an all-time high as the year ends](. Monthly options trading volume for BTC reached an all-time high of over $38 billion across major cryptocurrency derivatives exchanges. [zkSync outpaces Ethereum in monthly transaction volume.]( The recent rise in transaction volume on zkSync has been attributed to the spread of inscriptions. [Crypto users lost $1.8 billion in 2023 hacks and scams](. While that's a 54% decrease from the $3.9B lost in 2022 (woohoo!), the number of attacks increased by 90% (boo!). [A crypto wallet linked to Donald Trump has sold off ether worth $2.4 million](. According to Arkham Intelligence, he started selling after months of accumulating royalties from his NFTs. His peak balance was ~$4M. [The WebAuth Wallet has carved out a unique spot for itself, utilizing its native XPR blockchain to support cryptocurrencies across a number of different blockchains.]( Featuring gas-free transfer with their wrapped tokens and a system where wallet addresses are just simple text names, WebAuth has created a very user-friendly experience. Check out our review of their platform [here](! *This is sponsored content MILKY MEMES 🤣 [Source: @MinisterOfNFTs]( [Source: @MemeingBitcoin]( 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] Cheers to another wild year! Dec 29, 2023 0 Likes 0 Retweets 0 Replies WANT TO SPONSOR THIS NEWSLETTER? Over 250,000 subscribers are throwing a party, and your brand is invited! Tap into our network of savvy (and good-looking) crypto & Web3 enthusiasts who are eager to learn and invest. Your Brand + Our Crypto Clan = Magic Waiting To Happen. [RSVP to the party!]( DISCLAIMER: None of this is financial advice. 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