Crypto headlines you shouldn’t miss

👉 At the start of last week we saw the $ETH ETFs flip $BTC ETFs for the first time, $ETH outperform $BTC by 5.5x over the trailing 30 days (read more)

👉 We saw PumpFun’s $PUMP token drop 62% from its peak, but with a $1.8B treasury, it’s well-positioned to compete with rising rival LetsBonkFun (read more)

👉 Kraken is reportedly raising funds at a $20B+ valuation ahead of a planned Q1 2026 IPO, highlighting growing Wall Street appetite for crypto (read more)

👉 We broke down how to value $ETH treasury companies and how they can generate outsized returns compared to just holding $ETH (read more)

👉 We’ve just added a new event to our conference page: European Blockchain Week. Use code “MiLkROADebc” for a 20% discount on tickets.* (read more)

Top podcasts of the week 🎙️ 

👉 Rate Cut Chaos: Inside the Fed’s July Meeting Standoff w/Tony Greer (listen in)

👉 The $ETH Supercycle Has Begun: Here’s the Proof w/ Jake Brukhman (listen in)

👉 Why The Fed Is Wrong About AI and the Economy w/ PDS (listen in)

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All the macro stuff you might have missed 🌐

👉 The ‘tariff fog’ is slowly lifting: The U.S. sealed a major trade deal with the EU, cutting most tariffs to 15% (read more)

👉 When will the Fed cut rates? The Fed held interest rates steady but showed internal division, with two Governors dissenting in favor of a cut (read more)

The wild sh*t from the degen world 🎲

👉 These two tokens won July: $REKT surged 120% thanks to a Binance collab and $PENGU ripped 5x as Pudgy Penguins delivered $10M+ in toy sales (read more)

👉 $ZORA ripped 10x in a month despite a botched airdrop and a poor reputation, but there could still be more gas in the tank (read more)