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Todayβs edition is brought to you by Harpie β the leading crypto security tool that protects your wallet from theft with always-on threat detection and real-time fund recovery. |
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GM. This is Milk Road, where we believe in love at first sight β especially when you check your portfolio and it's all green. |
Todayβs big newsβ¦ BTC hit $51K for the first time since 2021. |
ETH is close to $2,800 for the first time in 20 months. |
And, I didnβt forget to buy the flowers this year. |
Life is good. This calls for a little morning rhyme (Valentineβs Day remix).... |
π€ Roses are red, my portfolio was too |
Then I woke up this morning, to a beautiful green view! π€ |
Hereβs what we else we got for you today: |
The Layer 1 War is heating up! π₯ Peter Thiel has returned π 1 new scam to look out for π§ Ripple is purchasing Standard Custody & Trust πͺ |
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THE LAYER 1 WAR IS HEATING UP π₯ |
Blockchains are like onions. They both make you cry and they both have layers. |
There are⦠|
Layer 1s like Ethereum, Bitcoin, and Solana. Layer 2s like Arbitrum, Optimism, and Base. And rumor has it, Layer 3s are coming soon. (At this rate, blockchains are gonna be a 6-layer dip by next year's Super Bowl). |
Well, check it out. The Layer 1 Wars have been heating up recently. |
Hereβs how the L1 tokens have performed over the last 3 months: |
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The surprising part? BTC and ETH havenβt been leading the rally over the last 3 months. The βunderdogsβ haveβ¦ |
SEI (+450%): a blockchain specialized for trading. RON (+220%): a blockchain specialized for gaming. SUI (+200%): a blockchain specialized for financial services. |
The big takeaway: crypto has gone multi-chain. |
Different chains for different pains. |
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PETER THIEL HAS RETURNED π |
Peter Thiel is back in the crypto game. In case you donβt know him, hereβs his resume: |
Net worth: $7.4B. Co-founder of PayPal, Palantir, and Founders Fund. An early investor in Facebook, SpaceX, Stripe, andβ¦ BTC! Has a βself-madeβ score of 8, according to Forbes. (No idea how thatβs calculated, but #respect). |
Peter spots winners early. Invests. And most importantly⦠knows when to sell and take profits. |
He first bought BTC in 2014, HODLed for 8 years, and then sold before the 2022 crashβ¦profiting $2B in the process. |
Now, heβs back... According to Reuters, Founderβs Fund bought $200M worth of crypto before the rally started. |
π΅Guess whoβs back, back again |
Thiel is back, tell a degenπ΅ |
So, whatβd the fund invest in? $100M into BTC. $100M into ETH. (A balanced diet). |
The big takeaway: Smart investors keep things simple. |
Founders Fund didnβt go buy βcryptoβs new shiny objectβ or make 10,000 different bets. |
They stuck with the basics and made 2 bets⦠|
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1 NEW SCAM TO LOOK OUT FOR π§ |
This is Hayden Adams. Heβs a crypto OG and founder of Uniswap. |
Hayden is super smart (way smarter than us), and even he almost fell for this new scam⦠|
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Stay safe out there, Roaders. Always double-check those transactions! |
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BITE-SIZED COOKIES FOR THE ROAD πͺ |
On Friday, Feb 16th, NFT marketplace Universal Page will launch a Pro Pass. This limited NFT gives holders discounts on trading fees and unlocks extra features.* |
Ripple inked a deal to purchase New York trust company Standard Custody & Trust. Through the acquisition, the payment platform secured a limited-purpose trust charter to expand the regulatory services it can offer clients in the US. |
Aptos is launching a password-less passkey authentication for transactions. Passkeys are more user-friendly and mirror the ease of use in services like Apple Pay or Google Pay. |
Sushi announced itβs launching a decentralized derivatives exchange called Susa. Devs will be able to create custom applications on top of the exchange, spanning from smart contract applications to full-fledged rollups. |
Ethereum devs can now deploy apps on Seiβs parallelized EVM. Sei is hoping to lure developers with an execution environment it says offers the βbest of Ethereum and Solana.β |
PlayDapp lost $290M in 2 separate hacks over the last week. A double whammy. |
Glenlivet Distillery is launching a new whiskey collection with NFTs. Each bottle in "The Twelve Elements" collection is paired with a unique NFT on the Ethereum blockchain - theyβll serve as digital certificates, ensuring proof of ownership. |
*This is sponsored content |
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MILKY MEMES π€£ |
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| checking prices this AM: | | | Feb 14, 2024 | | | | 0 Likes 0 Retweets 0 Replies |
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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. |