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Here’s what we got for you today:

✍️ The next $1B memecoin
✍️ BlackRock’s $BTC ETF is setting records (again)
🎙️ The Milk Road Show: How to Win Big in High-Risk Crypto Markets w/ LG Doucet
🍪 The U.S. and China may have just reached a trade deal (huge if true)

Gemini is a popular U.S. based exchange with an impressive credit card. Check out the Gemini Credit Card

Prices as of 2:00 PM ET. Click here for our Fear & Greed Index.

THE NEXT $1B MEMECOIN IS ON HYPERLIQUID 🧪

The following is an article from the debut edition of LG Doucet’s Milk Road Degen – the newsletter that helps everyday people navigate the crypto trenches 👇

HyperLiquid was the biggest airdrop in history. And now LG thinks it will birth the next $1B memecoin.

This is your moment to grab the next $DOGE, $PEPE, or $WIF – question is, are you ready to come down the rabbit hole?

Well, here’s what LG’s got for you today:

Why HyperLiquid is the next Solana
How To Buy Tokens on HyperLiquid (hint: it sucks, but friction = profit)
3 Tokens That Could Hit $1B

So wtf is HyperLiquid again?

The biggest perps platform in the market. No really – look at this frigging chart:

Source: uwusanauwu/Dune

It’s self-funded. It’s fast. It has no token VC unlocks in the near future. It airdropped literal billions to its community.

Oh, and there’s a second airdrop coming. Another 35% of supply. We don’t know exactly how to qualify yet, but safe to say you’ll need onchain activity to qualify.

Plus, it has now entered the top 15 in total market cap across all tokens. HyperLiquid is the winner of the cycle and it's not even close!

That’s cute. So where are all the memecoins?

Believe it or not, there’s only ONE token on HyperLiquid above a $100M cap right now: $PURR.

That’s it.

The rest are scattered in the sub $50M range, and honestly there aren’t even that many. In fact there are only eight tokens with a cap above $10M (including $PURR!)

Compare that to Solana, which has five memecoins above $1B, and Base, which has three.

Even Sui has $WALRUS at $725M. Avalanche has $KET at $500M. Cardano has a snake thing at $200M.

HyperLiquid? Still waiting.

Which is weird. Because this chain has everything you need for a meme explosion:

Cult on X that will constantly tweet “HyperLiquid”
Airdrop-rich community that wants to run it back
Gamblers (perps leader, remember?)

The community loves this product, man.

Source: CookieFun

And the greatest catalyst of all in the degen world…

Onboarding f***king sucks

Look at this tweet. Look at it!!

Source: @LgDoucet

Then look at the next one:

Source: @LgDoucet

It is COMPLICATED to buy these memecoins. There’s no mobile app. There’s no Coinbase listings. You gotta FIGURE THIS SHIT OUT if you want the memecoins.

Just like you had to for NFTs. And we all remember how that went, right? (At the start, not the end).

Stop talking: just tell me what to buy

Alright before I shill highlight some tokens on HyperLiquid, here are two assumptions:

You read my thread
You love to light money on fire

Good. Glad we got that figured out.

👉Here are my top 3 tokens on HyperLiquid (subscribe to Milk Road Degen for instant access)

CRYPTO CASHBACK, BAAABY!

We all use credit cards — whether it’s grabbing a coffee or paying for that overpriced date night. Tap and go, right?

But what if every tap earned you crypto?

That’s exactly what you get with the Gemini Credit Card. 👇

4% back on gas, EV, transit, taxis & rideshares
3% on dining
2% on groceries
1% on everything else

The best part? You can earn rewards in 50+ different cryptocurrencies.

So it doesn't matter if you’re trying to stack Bitcoin or Ethereum, you’ll have all the options.

Check out the Gemini Credit Card

The Gemini Credit Card is issued by WebBank. This is not investment advice and trading crypto involves risk. All qualifying purchases under the 4% back category earn 4% back on up to $300 in spend per month (then 1% thereafter in that month). Spend cycle will refresh on the 1st of each calendar month.

COTD: BLACKROCK’S $BTC ETF IS SETTING RECORDS (AGAIN) 📊

Look at this chart. I mean really look at it.

What do you notice?

Source: Bloomberg

Yuh. BlackRock’s $IBIT Bitcoin ETF has gone ‘full Jordan’ and claimed #23, all in less than a year and a half.

For context: the next ‘youngest’ ETF on the list is 12.6 years old – meaning it has been around 9x longer than $IBIT.

And since its launch, $IBIT has added roughly $4.3B to its market cap per month on average, making it the fastest ETF to reach $70B. 👇

Source: @JackiWang17

The takeaway:

Except for Michael “Bitcoin is a swarm of cyber hornets serving the goddess of wisdom” Saylor – none of us are bullish enough.

BITE-SIZED COOKIES FOR THE ROAD 🍪

Crypto cashback, baaaby! The Gemini Credit Card gives you 4% back on gas, 3% on dining, 2% on groceries and 1% on everything else.**

CPI numbers are in. It came in below expectations at 2.4% but still ticked up from last month’s data (2.3%).

The U.S. and China may have just reached a trade deal. Huge if true. We won’t be shocked if tomorrow’s headline from Beijing is: “We haven’t spoken to Trump in two weeks.”

We’re seeing another crypto company file for IPO. This time, it’s Bullish — a crypto exchange backed by Peter Thiel.

Wanna work for Milk Road? We’re hiring across multiple roles — click here and drop us a line!

Want to put your brand in front of 300K+ of the smartest/coolest people in the crypto industry? You’ve come to the right place.

**this is partner content.