🥛 Q4 = Crypto Christmas 🎅 Here’s why...

PLUS: 8 reasons why $SOL just pumped 📈                                                                                                                                                                                                                                                                                                                                                                                                                 September 20, 2024 | [Read Online]( 🥛 Q4 = Crypto Christmas 🎅 Here’s why... PLUS: 8 reasons why $SOL just pumped 📈 Today's edition is brought to you by [Gemini]( – your trusted US-based crypto exchange, whether you're new to the game or a pro. [Start trading and snag $15 in $BTC just for getting started!]( [breaker] GM. This is Milk Road – call us ‘Crypto Santa Claus,’ cause we're delivering the gift of positive crypto news! Here’s what we got for you today: - ✍️ Q4 = Crypto Christmas, here’s why… - ✍️ Everything you missed at Solana Breakpoint - 🎙️ The Milk Road Show: [TOKEN2049 Recap & Analysis w/ Zeneca]( - 🍪 BingX lost $43M from its hot wallet in a security breach [Prices as of 9:30AM ET. Click here for our Fear & Greed Index]( [breaker] Q4 = CRYPTO CHRISTMAS. HERE’S WHY 👇 You heard it here first: We’re rebranding Q4 to “Crypto Christmas.” Why? Well, outside of the fact that: - Q4 has the highest historical returns of any quarter - And Q4 halving years tend to outperform non-halving years - And this Q4 will likely be boosted by the first run of rate cuts since 2020… We also have this… 1/ $16B is about to be returned to FTX customers in cash [Source: @CryptoNobler]( The ‘Distribution Mechanism’ is particularly important here. Usually when creditors are repaid by failed crypto companies – they get paid out in crypto. Which can lead to a whole bunch of people converting (selling) their recovered funds into cash and dampening prices. But FTX is distributing its funds in cash. 🫰 Sure, some folks may take the money and run – but that won’t affect crypto prices. Meanwhile, others will likely take some of their recovered funds and put it back into the crypto market. So worst case: It has a neutral effect on crypto. Best case: It pushes crypto asset prices up. Putting this all into perspective – if a modest 10% of those distributions go back into the crypto market, it would lead to $1.6B of (potentially) market-moving buy pressure. …it’s wild to think that FTX – the company that helped to flip us into a grueling bear market back in 2022 – may well be about to help push us into a generational bull run, just two years later. 2/ Did we report MicroStrategy was buying $700M worth of $BTC? Sorry, we meant $1B… [Saylor just upped his buy order by $300M](, announcing MicroStrategy’s latest revised [$BTC]( purchase on X a few hours ago. [Source: @saylor]( 3/ Q4 is when the big dogs allocate, and ETF providers are in their ears [Matt Hougan, CIO of Bitwise]( (a $BTC & [$ETH]( ETF provider) is out in them streets (private dining halls) orange pilling financial advisors. [Source: @Matt_Hougan]( Meanwhile, we’re getting wind of RIAs selling their tech stocks in order to move into $ETH! [Source: @RasterlyRock]( That’s it – that’s all we’ve got so far... Probably nothing, right? *. Sound of sleigh bells intensifies * [GET $15 IN BITCOIN]( Gemini was founded in 2014 by the Winklevoss twins, Cameron and Tyler, who’ve been crypto trailblazers for over a decade. Fun fact: They were the first to apply for a spot Bitcoin ETF and one of the first exchanges to get a trust license in NY. 🏦 Gemini isn’t just another exchange; it’s built with security at its core. As a licensed, full-reserve exchange and custodian, [Gemini]( offers top-notch security features like passkeys, setting the gold standard for compliance and innovation. 🥇 Ready to start trading? Head over to [Gemini]( and snag $15 in $BTC. [Sign up today and claim your Bitcoin!]( [breaker] EVERYTHING YOU MISSED SO FAR AT SOLANA BREAKPOINT 👀 Remember SBF? This is him now. [Source: Raul_Impact3]( (Feel old yet?) Alright, now that we’ve all had a good chuckle – let’s dive straight into things. We’re here at Solana Breakpoint and there’s already been a slew of bullish announcements that are worth your attention. 👇 First, here’s the TLDR from Raul, Milk Road's head of socials: Ok, appetizers served. Time for the main course… 🧑‍🍳 1/ Firedancer is live on testnet / Frakendancer (an earlier version of Firedancer) is live on mainnet If you’re not familiar with these terms, don’t worry – neither is Google… Solana’s Freaky Dancer Firedancer validator is estimated to bring Solana’s maximum theoretical transactions per second (TPS) from 65k to 1M – this is a big step towards making that a reality. [Source: @MilkRoadDaily]( As for Firedancer’s predecessor, Frankendancer? It’s already showing promise… [Source: @0xMert_]( Translation: Frankendancer achieved 1M+ TPS in test conditions – the kicker being, it did so in a decentralized manner (across 100 ‘nodes’). 2/ Tap-to-pay from your self custody wallet, coming to Fuse The easier a new technology is to use → the more people will use it. [Source: @solana]( 3/ Phantom is launching embedded wallets This is like [Solana’s]( version of Smart Wallets – third party apps can allow users to generate Phantom wallets with nothing but an email address. [Source: @phantom]( 4/ PayPal endorsed Solana as their chosen chain for their $PYUSD stablecoin [Source: @MilkRoadDaily]( 5/ Jupiter is launching a mobile trading app w/ zero fees and web2 onboarding options [Source: @JupiterExchange]( 6/ Sky Ecosystem (formerly Maker) just made a proposal to launch on Solana It’s just a proposal for now, but if it gets approved it could bring a whole bunch of fresh cash to the Solana DeFi ecosystem. [Source: @RuneKek]( 7/ HelioPay is enabling Shopify merchants to sell directly in X via Solana blinks Think: One-click Solana-based checkouts, that can be embedded into Twitter posts – that integrate directly with your Shopify store for seamless fulfillment. [Source: helio_pay]( 8/ Scaramucci (aka “The Mooch”) believes the future of RWAs is on Solana [Source: @MilkRoadDaily]( Ok, that’s everything you’ve missed so far at Breakpoint… …but what about Token 2049, the other crypto conference taking place in Singapore this week? [Zeneca]( joins us on today’s episode of[The Milk Road Show]( to recap all the potentially market-juicing announcements and developments you missed at Token 2049 – get it here! 👇 [YouTube]( | [Spotify]( | [Apple Podcasts]( [breaker] BITE-SIZED COOKIES FOR THE ROAD 🍪 [Blockscout is your next-level block explorer.]( Multi-chain, highly configurable, and open-source, this essential DeFi tool gives access to all chain data and dApp functionalities. * [BingX lost $43M from its hot wallet in a security breach.]( The exchange quickly paused withdrawals and moved assets to cold storage to prevent further losses​. [Ethereum's Pectra upgrade will be implemented in two phases, focusing on scalability and Verkle Trees.]( The first fork includes 8 EIPs, while the second focuses on PeerDAS and Layer 2 improvements​. [Join forces with the Milk Man!]( We’re looking for a Twitter Specialist + Content Creator who can mix crypto knowledge with top-notch tweets. Think you’re the one? [Apply today and let’s get this show on the road!]( [Ethereum staking is your chance to lock up $ETH, secure the network, and earn rewards.]( It’s a win-win for your wallet and the blockchain. *this is sponsored content [breaker] MILKY MEMES 🤣 [Source: @wallstreetbets]( [Source: @naiivememe]( [Source: @AltcoinGordon]( [breaker] RATE TODAY’S EDITION What'd you think of today's edition? [🥛🥛🥛🥛🥛 F**king great]( [🥛🥛🥛 Meh, do better]( [🥛 You didn't bring the heat]( ROADIE REVIEW OF THE DAY 🥛 VITALIK PIC OF THE DAY [breaker] 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. 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