The biggest risk facing Ethereum

Transcript

If that world is one where the upgrades aren't there to support the broader vision of Ethereum as this validation engine, then they they they risk losing that execution environment to another ecosystem. What's up everybody? It's LG Ducet here and welcome to the Milk Road Show, the Daily Crypto Show, where we ask one simple question. If crypto is rebuilding global finance, who's actually writing the blueprints? Today is December 8th, 2025. Bitcoin is sitting just below 90K, and I want to give a quick shout out to our Spotify listeners. We had a lot of people tag us over the weekend in their Spotify wrapped results and we are very proud to be in your top five and in some cases your top one. So thank you to our listeners and even if you don't have Spotify wrapped you have some other

platform. We appreciate you as well. Has been a fantastic year on Milkroad Crypto. My guest today is Arian Shalayan. He from CMT Digital. He is one of the few investors who isn't just funding the next crypto app but the next financial system. CMT just closed a fresh $136 million fund after nearly a decade of backing winners like Coinbase, Circle, Athena, and EtherFi. Arian's also been sounding the alarm on Ethereum losing its narrative and as it kind of fades into being like an invisible infrastructure, right? So, today I'm going to ask him about that and how or in which way Ethereum can recapture that value in a world where everything's moving on chain and it it kind of needs to be at the center of it. So, we're

going to dig into that conversation. Before we start, today's episode is brought to you by Reserve ETFs. Get exposure to the entire crypto market in a single token. Chain link. Brink the ape interoperability barrier and power the future of tokenized finance. Bridge. Power your business with instant stable coin payments. No friction, no banks, just global finance made simple. There he is. Arian, what's up, dude? Welcome to the Milk Road crypto show. >> Thank you for having me, LG. It's great to be on. >> Okay, so let's I honestly I think we just dive right into it. Uh, you've written many times. You wrote in Coindesk in July that Ethereum uh is becoming the invisible infrastructure, but that that may be problematic for it and that there's a certain level of risk there. Tell me how does what does Ethereum need to do to to to win and to

stay culturally relevant in in our very fastmoving space? >> Yeah, I think I think it's important because it's not necessarily Ethereum losing, right? I if anything, I think it's reinforcing Ethereum's role. I mean any layer 1's role in uh an ecosystem should be about trust. Blockchains are selling trust essentially. You're replacing these intermediaries and the intermediaries are gatekeepers of trust. And so a blockchain is fundamentally selling a new type of trust. It's it's one that's validated in a decentralized manner and everyone has purview into it.

And so Ethereum's been leaning into this modularity thesis and I think that that's a strong thing to do and it's kind of relevant as you look at their upgrade schedule and their road map as well. This this new paradigm of Ethereum is going to be one where all of the executions are moving the execution environments are moving towards the layer 2s and so Ethereum as a layer 1 is going to be this rooting of trust and to do that I think it can still win economically. um the tokconomics can still make sense. They have to look significantly different, but I think it's about becoming that trust layer and becoming more clear in how modularity can feel more united. If

it if it's one where fragmentation continues and liquidity is fragmented across all these layer 2s, that doesn't look like winning to me. That doesn't look like an extension of trust and and leaning into the modularity that they are uh subscribing to. It's it's it's really one where we need to see unified liquidity. >> As we get into the show, if you invest in AI or want to, you need to read our free newsletter, Milk Road AI. The first edition dropped this week and it covers the massive drama going on right now between Google, Meta, and Nvidia. So, sign up for free today. Right. So you're telling me that basically Ethereum's at risk because you have all these L2s competing for liquidity uh and apps and they everything that they want to do and users essentially and that that is that's really hurting the ecosystem

because then it's just spread out all over the place and not centralized. >> Yeah. Yeah, and I mean look, this is part of their road map, right? That they they talk about being a DA environment where everything is ZK validated almost and and blob fees uh would be in this world. You would expect to see the the economic engine of Ethereum being kind of supported by blob fees as all these layer 2's kind of fight to post data to the layer 1. But if if that world is one where the upgrades aren't there to support the broader vision of Ethereum as this validation engine, then they they they risk losing that execution environment um to another ecosystem to

someone like Salana or to someone like Canton. There's these emerging ecosystems that aren't necessarily on Ethereum or posting to Ethereum and they're all competing to onboard these financial institutions as well. So I think it's about merging the the road map and being able to actually support these financial institutions as they're looking to move onto on train environments. >> So who whose job is that? Whose job is that to merge the road map? Is that the Ethereum Foundation? Is that for the leaders of all these LTs to get together and figure that out? >> I think it's the Ethereum Foundation.

Yeah. >> And and then so then how would they do that? like is like that's so I'm just trying to understand and it feels like you've got maybe more insight there is that how do they you know how do they negotiate that with these L2s because it's probably not too long ago that they were thrilled they're like yes please come build an L2 on Ethereum like we want that right of course we need we need to scale and we need we need better solutions to our you know as as we await our upgrades please if you have any insight there I'd love to hear it >> no I think it's I think it's challenging right because the >> the upgrades there was a few of them that should have been implemented already and they've been pushed back a little And I think that's part of the

problem. I mean, if we look at the Pectra and the Fukasa upgrades, things like statelessness and code Merkelization were originally supposed to be implemented by now. And I think that would have made this transition to Ethereum as a trust environment easier because there'd be converging standards on the proofs for example for the L2 environments or or for the data structure of the codebase itself with code Merkelization. I think those things are necessary for the uh layer 2 environments to then have clarity on kind of how this liquidity unification is going to occur and how you're going to have unified infrastructure in a modular way. And I think that's the crux of the argument I'm trying to make. It's

about maintaining the benefits of composability and modularity at the same time, which are obviously at odds with each other. But I think that's why these road map items are so important. So what's the effect of all this of them being delayed on their on their road map and also of liquidity being fragmented? Like how do how does that manifest in the market? I think it's I think it's an opportunity for other ecosystems like Canton, but I think it's also a it's a bit of a risk in the sense that you could have band aid solutions gain traction and take off in an ecosystem format on their own. Let's say if there's some solver standard or uh some aggregator standard that takes off with this infrastructure reality and not with

the end state of Ethereum's kind of modular infrastructure reality, it could just cause some uh more delay than we would like in this in realizing this kind of unified Ethereum that I'm describing. >> Right. And is there you mentioned Canton. Is that what you would consider like a potential competitor to slide in? Because I feel like we've heard for years that, hey, this is going to be the new Ethereum. It's going to take, you know, I mean, for diff so many different L1s that have launched have come in and said like, hey, we're the Ethereum killer. We we work faster. We work better. We don't have all these problems. Liquidity is more centralized.

But clearly that that hasn't I I would say that that hasn't happened. But it's it sounds like you're painting a picture that it could if they don't get their act together. >> Yeah. I mean, it definitely hasn't happened broadly for any L1i. And that's you know evident in the flows that we see on chain whether it's stable coins real world assets but I think it presents an opportunity because infrastructure development and business development are separate tracks almost and if the business development team is able for any of these L1s is able to win clients because the Ethereum road map hasn't been able to provide the infrastructure that the clients would need in time. I

think that's a loss for Ethereum and that's really what I'm trying to signal that look infrastructure development is very very important and I understand that we need to be very confident in the changes before bringing them to mainet and actually upgrading the network but delaying beyond reason could provide an opportunity for these alternative L1s to actually win some of that business development effort. >> How does how does Bass play into this? Right? because Bass launched um summer 2022 to 2023 whenever that was and obviously they've they've they've soaked up liquidity, right? You look at TVL on chain and they are regularly top five or top six and they've uh floated a token potentially. They've said they're

exploring. Uh so how do how do they fit into this L2 picture as as clearly the biggest fish in that pond? >> Yeah, I mean I think they are an absolutely crucial part of the L2 ecosystem. um you kind of see activity already converging around base and liquidity as you mentioned already converging around base. I think what they're doing is really helpful in keeping mind share on Ethereum and um I just think that their efforts would be accelerated if there was more clarity from the Ethereum Foundation on those upgrades. The base ecosystem should continue doing what it's doing and on boarding these use cases but it it can't be a standalone effort and only base because if they are successful in doing

that in the long run let's say their liquidity could be in a position where it's just in a fragmented silo on their L2 only and I think there's a world where BAS's efforts could be beneficial to the broader L2 and Ethereum ecosystem where you do have this unified liquidity where you do have this network effect where everyone's experience is improved by everyone else's efforts in onboarding their users. >> If you were if you were in charge of the foundation, how would you chart out the next couple years? And I mean that as in like what what's the endgame for Ethereum, right? Like when when do the when enough upgrades enough that you think like okay, this thing is at a point where it works now the way it's

intended, right? Like it paints us a picture of that road map and especially if it was up to you. I think getting the ecosystem to a position where L2s are clear on things like shared sequencing standards, fees and and what they can expect for predictability on fees, cross roll up liquidity, availability. If that all of that stuff becomes seamless and users generally across these chains won't have to deal with the complexities of managing, you know, what chain they're on, what client they're using, all of those technicalities. Then I think Ethereum can still be the trust layer, the default trust layer for everything from consumer apps to

institutional finance because then you have the L2s that are building increasingly differentiated environments to compete with each other because right now you could make an argument that the L2s are just competing on fee arbitrage. I think that was a huge thing for bass. They their lowest on the on the fees side that helped with a lot of traction. So I think if if Ethereum provided clarity there then there wouldn't be fees to compete on the the fees would be largely the same and so the layer 2s would have to create meaningfully differentiated environments that actually win block space.

>> That would be make or break for them and I think a lot of L2s would probably vanish if Ethereum got to that point. And do you I mean and how do you feel about that? Are there are there are there I mean this is a general crypto question right and we've seen big debates on on on the bigger picture here on on crypto Twitter in the last couple weeks but are there you know you must agree area that's we've got a lot we've got a lot of L2s out there and we have a lot of L1s as well competing for essentially the a relatively similar endgame. >> Yeah. No, I mean definitely but we haven't had that an environment where that broad competition can really play out yet. That would be my argument. So, >> I mean, let's imagine that world where there's the same fees for all the

different L2s. I would expect pretty quickly some of them wouldn't be able to justify their existence. And I think that's the sort of survival of the fittest type of landscape that needs to exist for these L2s because crypto environments, layer 1's especially, are just coordination mechanisms. If Ethereum is being a coordination mechanism for trust of the security that's provided by Ethereum's consensus and the cryptoeconomic security that's inherent there, then you're asking yourself, what are they actually securing? Well, it turns out a lot of the L2s aren't really securing. They're they're not really securing anything. I mean obviously base and and arbitum and optimism like they do have real activity but for them to actually

be able to scale independently and for that survival of the fittest competition to be accretive to Ethereum's growth that that environment needs to be fully fair for competition and and historically it hasn't been because of the what I would argue is the infrastructural environment in which they exist. Now I think this is a broader trend that is happening. I mean I would argue that Bit Tensor one of the reasons that it has been such an interesting ecosystem is because it's created the survival of the fittest type of uh environment for its subnets. This is what I envision Ethereum needs to do.

It's it's to create this survival of the fittest environment for the layer 2s where they're competing on not just fees but actually the product that they're offering. ETFs provide investors with a structured, disciplined, and diversified approach to crypto, which is cool, but the world is moving on chain. We need a crypto native equivalent. That's exactly what Reserve's decentralized token folios bring to the table. Reserve ETFs are rule-based baskets of crypto assets packaged into a single token, like Coin Market CMC 20, crypto's version of the S&P 500. Go to milkroad.com/reserve to find out what's on offer. Sure, tokenized financial products are the future, but there is a big sticking point. They all need to speak to each other. This is a tough problem to solve, but chain link does exactly that. It's

the universal language for financial markets, linking Wall Street to web 3, banks to blockchain, and so much more. See how chain link is linking the world by going to milkroad.com/chainlink. So, Arian, with that in mind, I'd love to shift the focus to what you guys are doing at CMT. Um, and specifically whenever we have people on from a fund, especially one that just closed like a tremendous amount to continue to invest, especially in infrastructure, I want to know from you and maybe you can tie this together to maybe some L2s that you guys are looking at or really just projects in general. What what's coming in the space? Right, you guys are early stage investors. So right now we're obviously having a real-time conversation about Ethereum, but you guys are investing at a point of like you're looking at years down the line. Um, how does this in any

way the current narrative that you're describing about Ethereum, how does that inform the types of projects you're looking at these days and and what potentially you're you're you're buying into? >> Yeah, I mean, for us, I think it's about the thesis first and the the kind of narrative second. I mean in every cycle that we've seen the sentiment will change all the time but the fundamental bottleneck or the fundamental needs don't necessarily performance you know 2021 2022 we were talking about scaling Ethereum a lot and we we still talk about scaling Ethereum because that's the bottleneck and I think the bottleneck and the needs are somewhat independent of the narrative. the

narrative is a bit of a fugazi. You can't necessarily anticipate it, but the fundamental needs you can. And I think the fundamental needs today are relatively clear. You've got the uh traditional financial system wanting to adopt this technology, but they have some pretty clear defined needs on compliance on um operational processes. And I think it's about creating products and we're investing in people that are creating products to meet the needs of these financial institutions and and other adopters of the technology whilst also keeping in our mind you know the fundamental needs of the infrastructure as well and how that needs to change to

anticipate the scale and the adoption that we think is coming. are you wrote an American banker recently that um Tradfi should be using way more crypto infrastructure than they are even at the point of right now that they just they're just not advanced enough that to the point where they should be. Are they actually close to doing that? How how how close are they? Right? Because I think that that's been the big story here is you've got the DATs and the ETFs and everybody all this money is coming in but will these institutions actually ever use the products? I think people I think the the institutions are a lot closer than people think but it's but it's uneven adoption across it's not like all of them are generally at the

same stage. Some of them are more some of them are anticipating adopting it more early and some of them are perhaps a little bit more reticent. I think you know we have something like 60% of Fortune 500 companies either running a pilot already or one is in production using blockchain technology. you know, glo global banks are running real pilots in things like settlement, you know, collateral mobility, custody, tokenized deposits, um those sort of initial use cases. And so I think the block is not interest, but it's the historically regulatory clarity. And so we've made huge strides on that this year, which something that I'm very thankful for in 2025.

But also the internal risk frameworks and that maybe lags a little bit because it's on an individual institution by institution basis. And I think part of that hesitance on the internal risk frameworks piece is around we don't really have standardization of what this stuff looks like. If you were to do a tokenized deposits for example, there isn't a real standardized framework for doing that. And so I think once we see some early movers find success in their pilots and once we see some standardization around rules around things like tokenization or stable coins or custody adoption then we anticipate to become vertical just because every major institution that we speak with has moved on from that should we do this to

how can we do this and I think that's where the conversation has gotten very exciting. >> Isn't that going to take years? Won't that take so long man? Yeah. Well, I mean it it's it's one of those things where I think the margin of error on how long it could take is actually quite high, but they're very they're very very much trying. And I think when you're in our position where we do have a fun life cycle of, you know, seven years, we're looking for things that can feasibly get to market in the next 3 four and if you compare where we were in 2021 to where we are in 2025, I think that's only four years of progress, but there's been monumental progress on both the

infrastructure and regulatory and legal clarity piece of things there. So your fund, so okay, I didn't know this part that your fund has a seven-year outlook. How does that work? So the fund number four that you guys just raised for, is that is that like day zero is when you close that and then you're investing for seven years in these companies? How does that work? >> Well, it varies. Um but but typically, yeah, we're looking at like a seven-year time frame for for realizing these investments. >> Got it. Okay. So, from the point from whatever you're investing in, you're you want them to go to market with whatever it is that they have and either IPO or ICO or whatever they're doing um or have some kind of return within a seven-year window, right? That's what you're saying.

>> Okay. Yeah. >> And and and I'd love to know then kind of just jump on that is that, you know, you guys have obviously a fantastic pattern of winners, right? There's Coinbase, there's Circle, there's uh Athena, Etherfi, like so many great companies. Is there a pattern amongst those really massive winners that you guys have invested in at early stages? >> I think the pattern I mean obviously the the the actual steps vary so much from project to project but the pattern really emerges around three key things. They take something relatively difficult or complex and make it feel very very simple. I mean custody or stable coins or yield trading strategies that perhaps are quite complex. Um especially if we

think about this transition to traditional finance you know how many structured products exist that are very very difficult to replicate. Part of Athena's success is because of that, right? It's a fundamentally a structured product that has been able to offer itself in a very simple way to investors. And I think how many uh people who wouldn't otherwise have put on a basis trade have been able to get comfortable in doing so. So I think making something very hard feel incredibly simple is one. I think two, you got to win trust. Fundamentally, as I said, blockchains are selling trust.

And so if you can win trust through transparency compliance technical rigor, whatever the blockchain products are providing, I think more often than not, it's transparency, compliance, and efficiency. You got to win trust that way. And the third one I think it's it's that network effect the the compounding advantage that you get whether that's through integrations liquidity advantages as a result of having unified liquidity credibility kind of snowballing as a result of more and more people adopting it. I think it's providing something where the product gets better the more people adopt it. And I think for crypto projects more so than anything else that

is inherent from a liquidity perspective if nothing else. >> How is AI playing into all this area and it's it's it's impossible to ignore it even just in crypto and obviously in the broader economy. What role does that play uh in the CMT from the CMT boardroom all the way down to signing the checks? >> Yeah, I mean we definitely use AI a lot inhouse. We've been building systems that capture opportunities that we think are interesting. perhaps founders leaving projects and and starting something new. We've got systems that can flag that and uh raise it to us. It's something that we think we should integrate into our flows, but broadly for um AI crypto projects, it's something that's quite

interesting, right? Because from a theoretical perspective, it's really easy to see how crypto as a coordination mechanism can really help AI and vice versa. But I think there's still some technical um research for for lack of a better word that needs to go on to actually make that viable. And I think people like Noose Research and the work that they're doing on DRO is really interesting. It's that fundamental problem of when you have decentralized compute, the communication overhead is going to increase massively and it's going to scale at a rate that's unsustainable, especially when you compare it against centralized uh processes. So for for AI which is so computeheavy it becomes infeasible. Now does that mean that we think there's no

avenue for crypto and AI to work together? Absolutely not. But I think it's just one that we need more clarity on what route that actually takes before we can actually lean in heavily. >> What do you use? Do you have you have any LLMs or anything like that? Which you have a favorite tool? >> Yeah, I mean we use a mixture. I quite like Gemini. Obviously OpenAI is great. Um, it it really depends on the use case. I find that some are better for some tasks than others. >> Would you use an Optimus robot at your house like from Tesla? >> Um, maybe. I think I've seen too many sci-fi movies that turn me off that.

>> The worst is if you pull up the clip of them doing non-human things where they can kind of crouch down like a spider and it's like that's I don't want that. I don't want that thing in my house. >> Especially if it's AI controlled. I don't I don't want my I don't want my chat GPT in there. >> It's like a lifting of the veil where you're where you can pretend you don't know that it can act like that until it does. >> So long as I can't figure out your keys or your your your PIN to your ledger, then then you're in good shape. Um bring it back to crypto actually. Um you know, you guys have raised for a new fund, right? You you've kind of given us a preview of what you're investing in. How do you how do you how do you find

conviction at a time like this where AI is this just this cloud hanging over all all like the entire economy right because you have companies uh freezing their hires and obviously just higher and it's and it's and it's floating over crypto as well because you have rumors that it's like well maybe one day you know it could it could break Bitcoin or Ethereum right that it could do its own civil attack and actually overwhelm the system. So how do you how do you guys find conviction in crypto in moments like this? Yeah, I mean I think it goes back to what we were talking about earlier with the cyclicality of narratives. You know, the sentiment and the token prices may change, but I think that the underlying needs still don't.

And and and the founders that we like to invest in are just hyperfocused on those problems and perhaps don't necessarily care about the localized sentiment or the localized asset prices. At that point, they're not reacting to the prices. is they're kind of reacting to um the needs that those institutions have and that their future users will have in adopting this technology. And so if our thesis is that the next decade of value creation is going to sit on these rails, well, what challenges do these rails have today before their ideal users can adopt them. And I think we're investing in the founders that are looking and are hyperfocused on those specific challenges around things like scalability compliance

somewhat boring in the best way, you know, things that you know need to exist but aren't necessarily the pie in the sky type ideas today because people are adopting technology and it's only going to grow. And I think that's that incremental adoption is how the pie in the sky broader thesis are realized. Is there anything you you missed you wish you had invested in in the last couple years? Anything that that slipped through the CMT cracks or or was a no and should have been a yes? >> You know, I I don't think we actually got the opportunity to invest directly. But one thing that I look back on and I think is really interesting is Pendle because Pendle when it first came about the separation

of PT and YT, it was really kind of isolated to the environment of IEN layer to a degree where and and and the early kind of incentivization points campaigns that that ecosystem was birthed out of. But the the separation of principle and yield is really a fundamental primitive and and a fundamental primitive of DeFi that you don't necessarily see replicated in tradi just because we don't have the same they don't have the same composability that we do uh when it comes to those the separation of of the principle and the yield in a programmatic way. Crypto is doing

everything programmatically. And so I'm quite excited to see how Pendle scales its PT and YT separation into more of a financial primitive that can then change the way that we think about strategies generally. >> So maybe maybe an upgraded Pendle is something that you would look or something that's taking some of that knowledge and and and applying it to a future application is something you would you would be into. >> Yeah. Yeah. I think that's really interesting. Um, there are so many things in the traditional world that have yield and principle but aren't necessarily able to be separated.

>> Stable coins are the biggest use case in crypto right now, but let's be real, using them on chain is still way too complex. That's exactly the problem Bridge is solving. Recently acquired by Stripe, yep, that's Stripe, Bridge helps businesses send, store, accept, and launch stable coins instantly. Explore the future of global financial infrastructure at milkroad.combridge. >> Okay. Okay. That's good insight. Yeah, I love this. I love this the Trafy insight kind of coming into crypto. U one last question for you is you did mention cycles, right? And it's very hard right now to be in crypto and to not to ignore the cycle narrative, right? And that's

it's very much a crypto Twitter thing. And we've had so many conversations on our show about macro. We actually have an entirely separate macro podcast that you can listen to that discusses those themes and the big things that are happening in the economy. But to you, Arian, how much does the idea of the crypto cycle actually bleed into the pitch room at CMT? I mean, I think it's it's something that we definitely can't avoid. Cycles are a natural part of of being in this space. And I think we even had debates around whether or not the 4year cycle is still alive. I think there's two different types of cycles.

Yes, we've got the price cycle where you're looking at the topline figures and liquidity price kind of risk appetites, the crypto fear index. Um, spent obviously a lot of time looking at that. But >> you try to ignore it. You try to ignore it and yet you're opening it and looking at it. >> You you do try to ignore it because I think you do have to try and ignore it because I think the more important cycle is the adoption cycle. And I think the adoption cycle is really the canary in the coal mine for what we're next going to be investing in. Um it it's kind of the proof in the pudding for us that the new infrastructure is usable that developers are building here that institutions are adopting it. Um that it

is easy enough to use to scale organically and that it can exist in a regulatory environment. And so I think the adoption cycle is proof of what the price cycle perhaps indicates. And I think looking at it in the sense of price cycle and adoption cycle and how they interlink and how they feed off of each other helps me through that thinking than just looking at price cycle and trying to anticipate where we are within that. >> Okay, I like that. So wait, where are we in the adoption cycle then?

Well, I think that's interesting, right? Because we're at this weird point in the price cycle where it's not really clear and I think macro has been a driving force there, but the adoption cycle is quite exciting actually. So, I think we're seeing divergence in a way that I'm not sure if we've seen in cycles past. And I think that's part of the reason people have been asking, is the 4year cycle dead? Because the adoption and the price cycle kind of fell out of sync. I think I think I think if you're an Ethereum holder, you definitely feel like you're dead inside these days. >> I think it's really also important to realize that for these assets, layer ones especially, we're so early in the adoption cycle for them for for for the

promise that they're selling. Um, we're talking about full global trade and global finance existing and and the adoption cycle there. I'd say we're less than 1%. Right? So, you know, you look at asset prices. I I'm not sure if that's I mean, look at Salana. Salana's price to per token and its market cap are very different. If you look at Salana 2 years ago, Salana something at 250 had the same sort of market cap as Salana down here. And so I think it's putting that into perspective as well and and thinking about if there is global adoption, what does a layer 1 ecosystem look like in 10 years, in 15 years or 50 years and 100 years?

And I think that's the sort of time frames that we need to be thinking about >> 100 years. >> Well, not for realization. >> I'm an investor, man. Like I don't I don't want my brain to live in one of those robots. >> Oh, well great, Aaron. Thank you so much for coming on the show, man. Uh I think it's been very insightful. Definitely a different point of view for us. Uh you know, as we talk, we often talk about just kind of what's happening in the market right now, but obviously great to look behind the curtain. Uh be great to have you back someday. >> Yeah, thank you so much for having me, LG. I really enjoyed it. Want insights on what's moving crypto markets and how we're trading each event? Subscribe to our channel and join the Milkro Daily and Pro Newsletters and start investing

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