Today's edition is brought to you by Bitget - one of the fastest growing centralized exchanges.

GM. This is Milk Road, your cheat code to crypto (we give you an unfair advantage).

Today’s edition is brought to you by Bitget – one of the fastest growing centralized exchanges.

Sign up to Bitget and access the platform

GM. This is Milk Road, your cheat code to crypto (we give you an unfair advantage).

Here’s what we got for you today:

✍️ What to look out for

✍️ Stock trading is coming to Solana

Solana has announced that it’s launching a platform to allow traditional companies to sell shares of stock directly onchain, in a move that could open the door for a new era of capital raising and trading.

🎙️ The Milk Road Show: Welcome to the Bull Market That Nobody Believes In (Plus Ethereum vs Solana) w/ Byron Gilliam

Plus, we’ll be discussing:

🍪 Why is Coinbase not investing in Bitcoin like Saylor?

Prices as of 2:00 PM ET. Click here for our Fear & Greed Index.

WHAT TO LOOK OUT FOR THIS WEEK

1/ Trade war cease fire

It has been a WILD ride of a morning! At ~4am, news broke of a 90 day reduction on tariffs between the US and China.

Source: @KobeissiLetter

Unfortunately, roughly 4hrs after the 90 day US-China tariff reduction was announced, the US Treasury Secretary, Scott Bessent, went and opened his big mouth:

Keep your eyes peeled for clarification/consequences surrounding what that “unfortunate escalation” is – it could have the power to turn markets.

The silver lining: if crypto’s reaction to the 90 day pause is anything to go by – a reversal on the tariff cease fire may have very little effect.

(Crypto markets hardly budged on the initial news of the pause).

2/ Macro

It’s a big week for macro data! Here’s what’s on the books:

Tuesday – April CPI Inflation data – How much did consumer goods go up in April?

Wednesday – OPEC Monthly Report – What issues are affecting the world's oil market?

Thursday – April PPI Inflation data - How much did wholesale goods go up in April?

Thursday – April Retail Sales data - Were consumers still spending in April?

Thursday – Fed Chair Powell Speaks - Will he hint at the Fed’s plans in this speech?

Friday – MI Consumer Sentiment data - A vibe check with consumers.

We’ll be keeping a close eye on April’s CPI numbers to see if its trailing assessment of inflation is falling inline with Truflation’s real-time numbers. March’s CPI was 2.39%, while Truflation finished the month at 1.75% (and currently sits at 1.57%).

The closer CPI gets to catching up with Truflation and breaking 2%, the more likely rate cuts become.

3/ Price points

If Bitcoin can find its way back to around $109K this week, we should see roughly $2B worth of shorts liquidated from the market.

Translation: $2B worth of Bitcoin will need to be purchased in order for leveraged traders to pay back their loans (and that kind of buy pressure typically equals “number go up”).

Source: @Ashcryptoreal

4/ Events

Monday: Byron Gilliam (Market Strategist at Blockworks) joins us live on The Milk Road Show

Tuesday: The Milk Road Consensus Toronto (use code ‘MILKROAD’) Meetup is happening! Join here

Wednesday: The Milk Road PRO Portfolio Update is happening live on Discord!

Thursday: Matt Hougan (CIO of Bitwise) joins us live on The Milk Road Show from Consensus

Alright, that’s everything we’re looking at this week.

Mark your calendars and brace yourselves for potential volatility!

WHY TRADERS ARE CHOOSING BITGET

The centralized exchange (CEX) space is crowded…

There are tons of CEXs already and more continue to pop up every other week…

Yet, while the rest of the market chopped in Q1 2025, Bitget's trading volume shot up 159% - making it one of the fastest growing CEXs in 2025!

So, why are traders rushing to Bitget?

Some of the lowest fees: 0.1%, reducible to 0.08% if you hold the BGB token

High leverage: Up to 125x for all the degens

Bitget Academy: Free guides and tutorials for all the not-so-degens

Ready to see what the buzz is all about?

Sign up to Bitget and access the platform

STOCK TRADING COMING SOON TO SOLANA

If you tear off a Toyota Corolla’s exterior and replace it with the body of a sports car – it’s still a Toyota