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GM. This is Milk Road, the daily newsletter that surfs the crypto waves with more style than a penguin in a tuxedo.

Here’s what we got today:

TWITTER USERS ARE IN DANGER 🚨

A few days ago, Vitalik Buterin - the founder of Ethereum and Milk Road hero - got hacked on Twitter.

(turns out he bleeds just like the rest of us)

Yesterday, we found out how it happened…

There were 2 big lessons:

1/ Vitalik uses T-Mobile.

(We’re deducting 20 Milk Points after seeing this…🤔 )

2/ Twitter users are vulnerable through their phone numbers.

Turns out there’s a big vulnerability on Twitter where hackers can bypass two-factor authentication and reset your password - just by using your phone number.

So, what should you do? Remove your phone number from the app altogether.

Here’s how:

P.S. - Twitter Blue users need to enter a phone number when they sign up, but this can be removed after the sign-up is complete.

P.P.S. - There are rumors that Twitter Blue users who remove their phone numbers get limited features (i.e. you can’t participate in Community Notes, etc.) - but in our opinion, the trade-off is worth it.

Milk Road Rule #56: Treat security like your teeth - keep ‘em clean or things get nasty!

LEVEL UP YOUR TRADING GAME

The Milk Man’s got a new favorite trading platform. We’re calling it the Amazon of crypto over at Milk Road.

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GRAPH OF THE DAY: WEEKLY CRYPTO FUNDS FLOW REPORT  📊

The latest Weekly Crypto Funds Report recently dropped.

The results? $59M in total outflows.

Here are some of the biggest takeaways:

This was the 4th straight week that crypto funds have sold off more than they bought - bringing the total outflows to $294M. Ouch. 

Analysts believe this is due to a mix of regulatory worries and a recent recovery in the dollar strength.

We’ll see if the streak of outflows gets broken next week.

5 THINGS YOU NEED TO WATCH THE REST OF THIS WEEK 👀

Ladies and gents, the rest of this week is jam-packed with action.

Congressional hearings. Token unlocks. Crypto events. Macro stuff. You name it.

Lucky for you, we’ve got your back.

Here’s a list of all the big things you NEED to be watching this week:

On top of that, big crypto events like Permissionless II and TOKEN2049 are kicking off this week.

Fun fact: Crypto projects usually drop big announcements like new products, services, etc. at these events.

Not-So-Fun-Fact: Crypto prices usually drop during conferences.

As always, we’ll keep you updated on all the big news that happens! (All you gotta do is check those inboxes)

BITE-SIZED COOKIES 🍪

ZKX, an omnichain perpetual exchange, has introduced its ZKX Appchain. This move is a key element of their long-term strategy aimed at bridging the gap between traders' performance and security. *

PayPal is rolling out a new crypto “off-ramp”. The new feature will help users easily convert their crypto back into USD.

Apple paid $5M to buy the rights to Michael Lewis’ upcoming book about Sam Bankman-Fried. The book is called Going Infinite: The Rise and Fall of a New Tycoon and will be released on October 3.

Northern Trust is launching a new platform for institutional carbon credit transactions. The global financial services firm is looking to bridge the gap between institutional buyers and project developers.

SushiSwap is expanding to the Aptos blockchain. The popular decentralized exchange will soon be available on Ethereum and Aptos. #2Chainz

Bitget (a crypto exchange) is launching a $100M fund called EmpowerX.The fund will invest in crypto exchanges, data analytics firms, media companies, and more.

_{*This is sponsored content}

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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.