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Published: August 20, 2024   |   Last Updated: August 20, 2024
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June 14, 2024

Bernstein Predicts Bitcoin (BTC) to Reach $1 Million by 2033

Bernstein analysts Gautam Chhugani and Mahika Sapra forecast the Bitcoin (BTC) price to hit $1 million by 2033. The analysts also predicted the price would reach a cycle high of $200,000 by 2025. The research firm cited unprecedented demand from spot exchange-traded funds (ETFs). Bernstein has initiated coverage on MicroStrategy. The firm is one of......

June 13, 2024

🥛 Inflation good, rates bad. WTF happened yesterday? 🤷

Today’s edition is brought to you by ZKX – the first of its kind, Social Perpetual Futures Trading DEX.Making perps social.GM. This is Milk Road, the crypto newsletter that's as tasty as your favorite sushi platter - but without the wasabi burn.Here’s what we got for you today:Inflation and Fed head market reaction 🤔 ZKsync’s massive......

June 13, 2024

MicroStrategy To Purchase More Bitcoin (BTC) with $500M Capital Raise

Michael Saylor, the former CEO of MicroStrategy, has announced the firm's intention to offer $500 million in convertible senior notes. The move is aimed at raising funds to acquire additional Bitcoin and support general corporate purposes. Key points: MicroStrategy plans to offer $500 million in convertible senior notes to qualified institutional buyers. The company may......

June 12, 2024

Federal Reserve Keeps Interest Rates Steady at 5.25%–5.50%

The Federal Reserve has decided to keep its key interest rate unchanged once again. The much awaited data now reveals that the FED is taking a cautious approach to monetary policy despite recent signs of cooling inflation. Key points: The Federal Reserve kept its key interest rate steady. The central bank revised its rate cut......

June 12, 2024

🥛 The most undervalued asset in crypto is… (Answer is inside) 👀

GM. This is Milk Road, where we serve crypto so fresh it makes mint jealous.Here’s what’s on the menu today:What’s the most undervalued asset in crypto? 🤔Lido introduces restaking 🥩Chart of the day: Weekly crypto funds flows 📊US inflation drops to 3.3% 🍪 Prices as of 9:30AM ET. Click here for our Fear & Greed IndexIS......

June 12, 2024

US Inflation Drops to 3.3%, Crypto Market Turns Bullish

The US economy has slightly recovered from the consistent grip of inflation in May. According to the latest report from the Labor Department, the CPI inflation rate has dropped to 3.3%. Key points: CPI showed no monthly increase in May, defying economists' expectations of a 0.1% rise. The annual CPI inflation rate stood at 3.3%,......

June 11, 2024

ZKsync to Airdrop 3.675 Billion ZK Tokens

Matter Labs, the firm behind the Ethereum layer-2 network ZKsync Era, has announced the distribution details for its ZK token airdrop. In a blog post released on Tuesday, the company revealed that 17.5% of the total 21 billion ZK token supply will be airdropped to users. Key points: 17.5% of the total ZK token supply......

June 10, 2024

Crypto Funds See $2B Inflows; Bitcoin Remains Primary Focus

Crypto investment products enjoyed a total of $2 billion in inflows in the last week, according to a recent report by CoinShares. This latest inflow indicates the fifth consecutive week of positive sentiment. The continuous inflow also brings the total inflows over this period to $4.3 billion. The spike in inflow has also led to......