DeFi
🥛 The “war on DeFi” continues ⚔️
Today’s edition is brought to you by ZKEX.com – the multi-chain Super DEX that could one day replace your favorite CEX.
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GM. It’s Milk Road, Happy Tuesday and Tom Brady RIP right next to FTX.
Here’s what we have for you today:
- The “war on DeFi” continues ⚔️
- Fantasy Top takes over crypto Twitter 🌟
- PRO “Where are we in the cycle? indicators 📊
- Revolut’s big step towards exchange 🍪
Prices start at 9:30 a.m. ET. Click here for our Fear and Greed Index
Crypto companies have been receiving Wells reviews left and right….
Coinbase. Consensys. Uniswap. You name it.
Now, Robinhood has received a Wells notice. (It becomes a badge of honor at this point.)
Here’s what the CEO had to say:
What is a Wells review anyway?
This is a notice from the SEC that usually follows a lawsuit. It’s their way of saying, “We’ve got our eyes on you.”
The SEC has intensified its crackdown on cryptocurrencies…124 accused felt the heat in 2023 (a 50% increase from last year)
The Milk Route We need crypto regulation to achieve mass adoption.
However, unnecessary and ill-informed regulation will stifle innovation and hinder projects and investors. And right now, the SEC is stricter than a 4th grade hall monitor.
When major players in the industry are forced to pay 8-figure fines, withdraw from markets, and suspend projects, companies and VCs will invest less money in crypto and/or flee from crypto altogether. American markets.
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There’s this new app we’ve been hearing about… Fantasy Top.
*Scours social media*…see articles on Fantasy Top.
*Jumps into Discord*…sees posts on Fantasy Top.
Even the Amazon delivery guy asked me this question yesterday.
So today we are going to talk about it. Let’s start with the basics…
What is this?
Players can compete by creating lines of these digital cards, each representing a real-life influencer, and score points based on the influencers’ actual engagement on Twitter.
Here’s a quick overview of how Fantasy Top works:
- Crypto Influence Maps: Players collect and trade NFT trading cards that represent various crypto influencers.
- Creation of the programming: Players create queues with the goal of building a team of influencers who they believe will generate the most real Twitter engagement.
- Rating system : Points are awarded based on the actual Twitter engagement of the influencers represented by the cards.
- Trading and strategy: Players can trade cards on the platform, strategizing to optimize their comps as influencer popularity and engagement levels change.
- Competitions: Regular competitions or matches are organized in which teams of players compete against each other, with rewards for the most successful formations.
- Rewards: Winners of these competitions receive rewards, which may include cryptocurrencies, more valuable NFTs, or other incentives.
And Fantasy Top has been booming since its launch…
- Total trading volume: 6,876 ETH (approximately $21 million USD).
- Fees generated: 206 ETH (640,000 USD)
- Player base: 31,317 active players.
- Cash: 3,140 ETH ($9.6 million)
Fantasy Top even surpasses Solana in terms of revenue generation…. $1.4M > $1.37M over 24 hours.
The Milk Route New cycle, new heroes. The big question is will this succeed or is it the next crypto failure? Well the numbers look good so far and they have an upside this cycle….
ETH fees in previous rounds were much higher, limiting participation. Fees are now much lower. If you enjoy using the apps, you might stay longer!
How attractive does this new drop look?
A/ I’m insay less.
B/ Keep my eyes on itlet’s see if it sticks.
VS/ Nadanot my cup of tea.
Click “Reply” to let us know what Fantasy Top looks like to you!
Crypto moves in cycles, and knowing where we are in the current cycle is crucial to seizing the best opportunities.
The goal is to spot the peak of the bull market before the inevitable bear market hits your bags hard.
Since it is almost impossible to time the top perfectly, we use various indicators to give us a better chance of taking profits before it is too late.
Here are the 5 indicators we track, with a color-coded system to show how close they are to the market peak:
🟢 Lots of room to run 🏄
🟡 I’m getting closer to the high signal, but I haven’t reached the milestone yet ⚠️
🔴 We have reached the highest indicator on the market 🚨
Every Tuesday, we update these 5 indicators exclusively for PRO members.
Our advice? Don’t wait for them all to hit 🔴. It is best to take profits as they get closer to this point.
Let’s dive in and see if we are close to the top of this bull market. 👇
BECOME PRO AND UNLOCK:
- Full access to all 5 bull market peak indicators above. 👆
- Our weekly reports that help you successfully invest in cryptocurrencies. đź’°
- Full access to the Milk Road PRO community. đź«‚
PRO REVIEW OF THE WEEK
The Gamium platform is now officially open in beta by invitation only. It’s more than just a social token launcher: anyone can launch a social token for themselves or someone else (and trade them). Check out our review here. *
Revolut is launching a crypto trading platform for UK retail customers named Revolut X. You’re looking to compete with low fees and capitalize on their current user base.
A $130 billion asset manager is getting into Bitcoin ETFs. Hightower revealed that it purchased $68 million worth of Spot Bitcoin ETF.
GBTC records 2nd consecutive positive day of inflows.Barely this time, $4 million. Positive $217 million for all US Bitcoin ETFs.
SEC delays decision on Ethereum ETF.It’s not shocking. The SEC has set its next deadline of July 5, 2024 to approve or disapprove the proposed Ethereum spot ETF.
Wallet developer Exodus receives approval for NYSE listing. EXOD will be listed on the stock exchange this Thursday. Exodus reported first-quarter revenue of $29.1 million.
Do you want to team up with Milk Man? We currently have 5 open positions – check them out and apply here!
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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and does not constitute investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Be careful and do your own research.