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GM. This is Milk Road, the crypto newsletter that helps you keep up without burning out. |
Here’s what we’ve got for you today: |
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Real Finance Blockchain is an EVM-compatible L1 that is built specifically for RWA tokenization. Read more about Real Finance Blockchain here. |
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BTC RIPPING, S&P AT ATHS, OIL TANKING 🎉 |
On Fridays, when we can, we like to find an excuse to send you off into the weekend with a big ol’ smile on your face. |
But over the past month or so - that's been a tall task. |
Thankfully, today, it looks like the tides are turning. |
The macro backdrop has been quietly resetting all week, with U.S.-Iran tensions cooling off, day by day. |
And it all seemed to come to a head this morning, with two big developments: |
1. Continued peace talks between the U.S. and Iran were set for this Sunday, in Pakistan. |
2. Iran re-opened the Strait of Hormuz to commercial shipping. 👇 |
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That second one is what really set markets off. |
Oil cratered from around $90 per barrel down to around $79. |
(Lower oil prices = less pressure on the global economy = lowered threat of inflation = good for risk assets.) |
And off the back of oil’s move down, the S&P 500 punched through to new all-time highs and Bitcoin ripped straight to $78k! |
But shoot, I'm getting ahead of myself. |
Because this week wasn't just a story of geopolitics. |
It was also the week that a new swath of TradFi suits showed up to the crypto party, carrying very large bags of money… |
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| Real World Assets (RWAs) are shaping up to be one of crypto’s biggest use cases. | But here’s the gap: | There haven’t been many Layer 1s built specifically for RWAs. | Well, that was until Real Finance Blockchain came along. | Real Finance Blockchain is an EVM-compatible L1 that is built specifically for RWA tokenization. | Here’s what stands out: | Already has $500M+ in RWAs set to be deployed Supports a wide range of RWAs like credit pools and lending markets Built for seamless compatibility across DeFi
| Read more about Real Finance Blockchain here. |
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BTC RIPPING, S&P AT ATHS, OIL TANKING (P2) 🎉 |
Three of the biggest names on Wall Street all made crypto moves in the same 5-day window: |
1. Goldman Sachs ($3.7T in client assets) filed for a BTC Premium Income ETF. |
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2. Charles Schwab ($12T in client assets) announced the launch of Schwab Crypto. |
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3. Morgan Stanley ($1.9T in client assets) launched their own spot BTC ETF. |
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Add those up and you get $17.6T worth of client assets that either have, or will soon have a direct pipeline to crypto. |
These are the firms where your parents, your uncle, and the world's biggest pension funds park their cash. |
And they just rolled out the welcome mat for BTC. |
When the pipes connecting that kind of money to crypto start opening up, the water (cash) starts flowing. |
Zooming out/wrapping up… |
Two big things have been weighing on risk assets for the past month or so: |
Geopolitical fear, and stubborn inflation worries. |
This week, both of them started to ease. |
Middle East tensions are cooling… oil is cheaper… inflation fears are easing… stocks are at all-time highs… BTC just broke $78k… and some of the biggest names in finance are moving off the sidelines and into crypto… |
All at the same time! |
Feels safe to say: you can now go into the weekend with a big stupid grin on your face. |
(I know I will be.) |
| NEW FEATURE: ANALYST WATCHLISTS ARE HERE 👀 | As of yesterday, our analysts' watchlists are live: the assets they're keeping their eyes on but not quite ready to pull the trigger on yet. | Each watchlist entry comes with the analyst's rationale for why it's on their radar, target prices they're watching for, and real-time updates when their thinking evolves. When something gets removed, you'll see exactly why, whether it hit their target, the thesis broke down, or they just changed their mind. | Plus, there's a full "Past Watchlist" archive so you can track the history of what came and went. | Think of it as a window into our analysts' research process before it becomes a portfolio move. | | |
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Read more about Real Finance Blockchain here. |
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MILKY MEMES 🤣 |
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