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GM. This is Milk Road, the newsletter that features so many heart rate-increasing stories that it should come with a health warning. |
Here’s what we got for you today: |
✍️ Robinhood launches an L2, brings OpenAI stock onchain ✍️ What to look out for this month 🎙️ The Milk Road Show: Crypto Pulse Check: Robinhood L2, IPO Mania, HYPE vs SOL & ETH, & Permissionless Recap w/ Yano 🍪 ETH is growing as a treasury asset |
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ROBINHOOD LAUNCHES ITS OWN L2 & TOKENIZES PRIVATE EQUITY 🎤 |
I suggest taking a Xanax before reading this article. |
The final announcement put me into an adrenaline-induced shaking fit… |
1/ Robinhood’s crypto platform is rolling out across the entire EU and EEA. |
That’s 31 countries in total. |
2/ Simplified crypto perpetual futures are coming to Robinhood (EU) |
Translation: EU users can bet on the future price of crypto with up to 3x leverage (tripling their investment size with a loan) on Robinhood. |
3/ Advanced charts are coming to mobile (US) |
Think: TradingView-style charts, on mobile. Starting with equities, and rolling out to crypto later in the year. |
4/ Smart exchange routing (US) |
Robinhood will check with multiple partner exchanges to get you the best price on your trades and lower your fee tier as the amount you trade goes up. |
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5/ Tax lots (US) |
This is as BIG as it is NERDY! |
Say you make a Bitcoin trade and pull in $1000 worth of profits – you can tell Robinhood: |
“My $ETH holdings are actually running at a loss right now… |
So instead of converting my Bitcoin into $1,000 in cash (and logging a taxable gain) sell $1,000 worth of my $ETH. This way, I still collect $1k – but I’m actually making a tax-deductible loss.” |
6/ Cortex for crypto (US) |
Robinhood’s AI investing assistant will now analyze crypto assets for Robinhood Gold customers, giving them a better idea of why their holdings are going up, down, or sideways. |
7/ Get crypto back when using the Robinhood credit card (US) |
Instead of getting cash back on your credit purchases, you can get crypto back (inc. Bitcoin, Ethereum, Solana, Arbitrum, Doge, and Ripple). |
8/ Crypto staking coming to Robinhood US (already available in the EU) |
Starting first with $ETH and $SOL. 👇 |
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9/ Deposit match (US & EU) |
Between now and July 7, Robinhood will match 2% of any crypto deposits made in the US or EU (no caps on deposit size.) |
10/ Stock tokens, aka: tokenized stocks (EU) |
Robinhood will soon start creating tokenized assets that are backed 1:1 with stocks, allowing its EU customers to access US stocks, i.e: |
You buy a tokenized stock on Robinhood (e.g. Apple, Nvidia, Amazon) → they buy that stock on TradFi rails and back your ‘stock tokens’ with it. |
Trades can be made 24hrs a day, 5 days a week right now, with 24/7 trades and self-custodying of stock tokens coming soon. |
11/ Robinhood is launching their own L2 |
The ‘Robinhood Chain’ will be built on Arbitrum with the aim of becoming: |
“The first blockchain optimized for real world assets – from real estate, to art, to stocks.” |
The end goal: bring the ENTIRE Robinhood ecosystem onchain. Chills. Literal chills. |
12/ Private stocks, onchain (EU) |
HOLY HELL. You can now buy PRIVATELY TRADED stocks onchain, via Robinhood EU. 👇 |
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If you don’t know how big of a deal this is – lemme hit you with some context… |
Before today, if you wanted to buy these private equities, you’d not only need to know the right people, you’d also need to earn $200k per year or have a net worth of $1M or more! |
This marks a seismic step-change in financial access and opportunities for wealth generation. |
If anyone needs me, I’ll be trying to start an EU Robinhood account while my hands shake uncontrollably. |
P.S. Remember back in April when our PRO team put a call out to buy $HOOD at ~$35? |
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Yuh. It’s at $92 now… |
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WHAT TO LOOK OUT FOR THIS MONTH 📆 |
You want EVEN MORE things to look forward to? |
We got you. Here’s what’s coming down the pike this month… |
1/ Macro 🌎 |
Here’s what’s on the calendar this month… |
ISM Manufacturing PMI – July 1st – PMI gauges how much money is being spent by purchasing managers in the US. |
An increased spend from purchasing managers indicates a growing economy (which typically leads to growing asset prices). The number we want to see from PMI is 50 or above. |
Consumer Price Index (CPI) – July 15th – last Friday the probability of total forecast rate cuts in 2025 moved from two to three. 👇 |
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CPI data tracks US inflation and helps inform the Federal Reserve on whether or not they’re safe to cut rates (and in what amounts). |
Remember: lower rates typically lead to higher asset prices. |
FOMC meeting – July 30th – if you want forward-looking statements that hint at when we might see rate cuts this year, FOMC meetings are where you’re going to find them. |
2/ Token unlocks 🔓 |
This month we’ve got unlocks from big names like Sui, Aptos, Ethena, Sei, and Arbitrum – but the biggest will be from $TRUMP, which will unlock 25% of its supply on July 17. 📆 |
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3/ New apps and features 📲 |
This is what we’re getting this month: |
PumpFun just released its new app on iOS and Android! |
How do we describe this? |
It’s like a Twitter feed, but the posts that make up the newsfeed are memecoin listings, the ‘like’ buttons are ‘buy’ buttons, and it has a live video feed where creators promote their tokens. |
Here’s why we’re watching this one: everyone wants to paint PumpFun as a simple memecoin launchpad. The way we see it? This is a whole new take on social. |
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It’s not just Robinhood – Gemini is launching tokenized stocks in the EU as well! |
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4/ Podcasts 🎙️ |
Jason ‘Yano’ Yanowitz, co-founder of Blockworks, today – watch here! Ran Reuner, host and founder of Crypto Banter, Tuesday, July 1st. Scott Melker, host of the Wolf Of All Streets Podcast, Tuesday, July 22nd. Ryan Watkins, co-founder of Syncracy Capital, Thursday, July 24th. |
Alright, that’s everything for now. |
Still shaking with nervous excitement. Send help. |
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BITE-SIZED COOKIES FOR THE ROAD 🍪 |
One account to rule them all. We dropped an article on Bitget’s Unified Trading Account (UTA) that lets you trade spot, futures and margin all from one place.* |
Huge news for Solana. REX Shares’ Solana ETF (which includes staking) is set to go live this week. |
$ETH is growing as a treasury asset. Wall Street strategist Tom Lee is looking to create the “MicroStrategy of Ethereum” with BitMine. |
Crypto equities continue to kill it. $COIN surged 43% during its first month on the S&P 500. - DL News |
This DEX solves an actual UX issue! Milk Road Swap supports both Ethereum and Solana tokens in a single interface. |
*this is sponsored content. |
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MILKY MEMES 🤣 |
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