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Todayβs edition is brought to you by Forta - an AI-powered security platform used by massive crypto firms. |
Learn more about why these big players use Forta |
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GM. This is Milk Road, your crypto sherpa. Weβll ferry your bags to the top of Mount Gains. |
Hereβs what we got for you today: |
βοΈ Robinhood launches 3 massive new products βοΈ What to look out for this month ποΈ The Milk Road Show: Robinhoodβs CEO on the Future of Finance (And Where Crypto Fits In) πͺ Crypto in Japan is about to get way more serious |
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ROBINHOOD LAUNCHES 3 MASSIVE NEW PRODUCTS π₯ |
In 2003, Apple made iTunes available on Windows β which Steve Jobs likened to: |
βGiving someone a glass of ice water in hell.β |
Robinhood just announced a whooole slew of new products that have big βiTunes on Windowsβ energy! |
(Where their products are the βice waterβ within the βhellβ that is the modern banking system.) |
Hereβs whatβs coming down the pikeβ¦ |
1/ Robinhood Banking: three-click bank account creation |
Seriously β three clicks. Thatβs it. No additional information needed. |
Robinhood will take your existing info and *bleep bloop bleep* you now have a bank account with β wait for it β 4% APY (compared to the US national average of 0.61%). |
Want to set up an account for your kids and pay them an allowance? Launch a family trust? Send money internationally, instantly? Youβll soon be able to do it all in-app. |
Check out the full walk-through here. π |
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2/ Robinhood Strategies: new actively managed wealth management |
Want to be able to tell your Tinder dates that you have a wealth manager? |
Previously you would have needed to meet a minimum balance, go into the bank, get paired up with a wealth manager, and pay through the nose for the service. |
But soon, youβll be able to do all of that in-app via Robinhood and instantly have someone actively managing your wealth (investing in a range of stocks & ETFs) with a 0.25% annual management fee. |
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3/ Cortex AI: AI powered investment strategies |
File this one under βgame-changer (if it works as smoothly as promised)β. |
You type in the amount of money you want to trade, along with an investment time frame⦠|
Then *bleep bloop bleep* the AI screens the market for potential strategies and spits out a range of automated options (along with their risk/return weightings). |
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4/ Honorable mention: on-demand cash delivery |
Think βUber Eats for ATM withdrawalsβ. You request cash β someone delivers it to your door. |
Howβre they going to do this safely? No idea β maybe buy some kevlar vests for their delivery drivers Β―\_(γ)_/Β― |
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The big takeaways here? |
π Robinhood aims to give everyone access to tools that were previously exclusive to the wealthy β like a personal financial team. |
π The company is not just a broker anymore. Itβs evolving into a full-stack financial ecosystem, offering investing, banking, credit cards, and even prediction markets. |
π Robinhood plans to go fully global over time β this global strategy hinges on crypto rails to bypass traditional banking limitations. |
β¦but these arenβt our takeaways β theyβre Vladimir Tenevβs (Robinhood's CEO). |
We know this, because we just sat down with him on todayβs episode of The Milk Road Show to talk about all of the above, and a bunch more! |
Click below for an absolute must watch episode! π |
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YouTube | Spotify | Apple Podcasts |
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| | *details of this story may or may not be fictional* | During our recent crypto trivia night, we were asked: | βWhatβs the similarity between Lido, Compound and Mode?β | βThey all use Fortaβ | My friend nudged me and asked βYo, what is Forta and why are these big companies using it?β | And there I was, sitting in a pub breaking down Forta point-by-point: | Itβs an AI-powered security platform It prevents crypto hacks before they can even happen Has a 99% detection rate and near-zero false positives | Massive crypto firms need strong security and Forta is the solution. | Learn more about why these big players use Forta |
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WHAT TO LOOK OUT FOR THIS MONTH π |
If youβve ever been at a raging house party that got shut down after a visit from the cops, the vibe shift markets saw in Q1 should be familiar to you. |
One minute we were on top of the worldβ¦the next, we were out in the cold and asking βwhere to next?β |
We donβt have the answer to that question (no one does) β but we can find hints to it within economic data. |
Hereβs what weβre looking at over the next 1-2 weeksβ¦ |
1/ ISM Manufacturing PMI data released β April 01 |
Strong PMI reading = strong economic growth β and an ISM reading maintaining 50 or above is typically a good sign for crypto. |
Right now, weβre dancing right on the line, at 50.3. π |
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2/ JOLTS Job Openings Data β April 01 |
Similar to PMI, strong Job Openings data can help to indicate future economic growth. |
3/ Trump's "Liberation Day" β April 02 |
President Trump has dubbed this coming Wednesday as "Liberation Day" with rumored 20%+ tariffs to be placed on 25+ countries. |
The uncertainty being driven by these trade wars could result in even more market volatility. |
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4/ Fed Chair Powell Speaks β April 04 |
When Jerome Powell speaks, the market combs his words, demeanor and overall sentiment for any forward looking insights. |
(Hell, some people will even place trades based on the color of his tie!) |
The question theyβre all looking to have answered right now: wen rate cuts? |
5/ Hearing on crypto market structure legislation β April 9 |
The US regulatory environment feels friendly to crypto right now (and it is) β but it wonβt be official until clear/specific frameworks are passed into law. |
This hearing is the first step towards that happening. π |
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5/ March CPI Data β April 10 |
Has the increasing cost of everyday items slowed the way we want it to throughout March? Weβre going to find out next week! |
The hope is that we see it fall inline with Truflationβs real-time inflation data (giving the Federal Reserve an excuse to cut rates sooner). π |
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Alright, thatβs everything weβve got for you! |
All you need to do now is: |
π Set your reminders |
π Brace for potential volatility |
π Make a blood sacrifice asking for greater market certainty |
(That last one is optional.) |
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BITE-SIZED COOKIES FOR THE ROAD πͺ |
Security, Fees & Key Features. MoonPayβs simplified crypto experience, with seamless payment options (like Apple Pay) across 80+ tokens. |
Weird pivot, but weβll allow it. Tether, the company behind $USDT, is now building its own AI tools. |
Hut8 and Eric Trump launch American Bitcoin and set a new standard in Bitcoin mining. Not a day goes by that this family isnβt getting deeper into crypto. |
Water is wet. Ice is cold. Saylor is buying more $BTC. Strategy just bought another $1.92B in Bitcoin. |
Crypto in Japan is about to get way more serious. Japan is set to classify cryptocurrencies as financial products! |
Mark the date: May 30th. Thatβs when the FTX payments will finally begin. Thereβs about $11B that will be repaid to creditors. - DL News |
The Ledger Flex now comes with $70 worth of Bitcoin. On top of getting top-tier security for your crypto, you also score some free $BTC along with it. If you ask us, thatβs a pretty sweet deal.** **this is partner content. |
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MILKY MEMES π€£ |
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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. |