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GM to all of you nutcases. It’s Crypto Nutshell #656 pluggin’ in… 🔌🥜

We're the crypto newsletter that's more surreal than a conman navigating the dreams of others to plant an idea... 🧠🌌

What we’ve cooked up for you today…

• 🏦 Altcoin ETF delayed

• 💰 $10 million tomorrow

• 📈 Only up

• 💰 And more…

What’s in the Crypto Nutshell Portfolio?

ALTCOIN ETF DELAYED 🏦

BREAKING: SEC Hits Pause on Grayscale's XRP, Solana and Cardano ETF Conversion

Grayscale’s altcoin-heavy ETF was supposed to make history this week.

Instead, it got iced…

Just 24 hours after the SEC fast-tracked approval for the Grayscale Digital Large Cap Fund (GDLC) to trade as a fully regulated ETF, the commission pulled the brakes.

The reason?

A surprise “stay” letter from the SEC’s leadership - citing Rule 431 and halting the approval until further notice. 😥 

So what gives?

Insiders say it’s a classic case of D.C. dysfunction.

The initial green light came from the SEC’s Division of Trading and Markets.

But another division - or one or more commissioners - hit the panic button, demanding a full review before the ETF can go live.

Still, the writing is on the wall.

GDLC holds Bitcoin (80%), Ethereum (11%), and small allocations to XRP, Solana, and Cardano - giving them their first real shot at U.S. spot ETF exposure.

And analysts aren’t backing down.

Bloomberg’s James Seyffart says the pause is procedural.

Eric Balchunas is even more bullish, calling the eventual approval of Solana, XRP, and other altcoin ETFs a “near lock” by year-end.

Meanwhile:

• The SEC is weighing dozens of other altcoin ETF proposals

• GDLC remains stuck as a $755M closed-end fund

• And Wall Street’s appetite for crypto diversification is growing fast

Bottom line?

The delay is temporary. The trend is irreversible.

Altcoin ETFs are coming - and the SEC can only stall for so long. ⏳

Burned out by the news? There’s a better way.

Outrage headlines. Never-ending feeds. Everyone shouting, no one listening.

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$10 MILLION TOMORROW💰

Bitcoin’s volatility scares most people.

But to Michael Saylor?

It’s a gift.

In a recent interview, Saylor dove into volatility.

Why is it a benefit?

• Because it keeps the price low 💸

• It scares away the tourists 🏖️

• It gives the rest of us more time ⏳

If you’re in your 20s or 30s - and you’re willing to do the work?

Saylor says this is your advantage.

Not having money isn’t the problem.

Wasting time is.

Because here’s the kicker:

But they don’t.

And that’s the opportunity.

Final Take

You don’t want the volatility to go away.

You want it to last - as long as possible.

Because every day the world doesn’t understand?

You get to buy cheaper. 🧠

ONLY UP 📈

It’s time for another look at Ethereum’s supply side dynamics.

Today we’ll be focusing on the amount of Ethereum currently being staked.

Quick Note: Ethereum staking involves locking up ETH to support the blockchain’s security. In return, users earn rewards for staking.

If you’d like to learn more about staking, check out this article.

Staked ETH just won’t stop climbing.

As of today, 64,072,462 ETH is locked up - a +564,867 ETH jump in just two weeks.

That’s right… another all-time high.

But here’s the real takeaway:

52.98% of all ETH is now staked.

That’s over half the entire supply taken off the market - locked away by long-term holders with no plans to sell.

This isn’t just a stat.

It’s a signal:

• Supply is tightening

• Conviction is rising

• And Ethereum’s foundation keeps getting stronger

This is pure rocket fuel.

CRACKING CRYPTO 🥜

SharpLink earns $540K in rewards after staking entire Ethereum portfolio of nearly 200k ETH. SharpLink's ETH staking strategy garners around $540,000 rewards, with guidance from Ethereum co-founder Joseph Lubin.

Will Bitcoin benefit from ‘Big Beautiful Bill’ passage and US debt ceiling increase? Bitcoin rallies toward new highs today, would the success of Trump’s Big Beautiful Bill send BTC price higher?

SEC Halts Conversion of Grayscale ETF With BTC, ETH, SOL, XRP, ADA. The SEC originally approved the conversion earlier this week.

BlackRock's Bitcoin ETF earns more revenue than its $624 billion S&P 500 fund. The asset manager's iShares Bitcoin ETF edges out its S&P 500 product in earned revenue thanks to a higher expense ratio, the report said.

WHAT WE’RE READING 📚

Want to get even smarter? Check these out.

p.s. all completely FREE (one click subscribe link)

• Raremints (link) - Daily crypto news

• Bitcoin Breakdown (link) - Daily Bitcoin news

• Techpresso (link) - Daily tech news and insights

• The Hustle (link) - Get Smarter on Business and Tech

• Your Next Breakthrough (link) - Personal growth with Mark Manson

• The Neuron (link) - AI trends and tools to keep you ahead

CAN YOU CRACK THIS NUT? ✍️

Select your answer below and you’ll be redirected to the results page. (answer explanation can be found after “Meme Corner”)

MEME CORNER 😂

Because what would the crypto world be without its share of memes?

Trivia Answer: Transfer assets between different blockchains 🥳

Bridges let you move tokens (like ETH to BNB Chain) across blockchains - but they’ve also been prime targets for hacks. High reward, high risk. 🔒💥

GET IN FRONT OF 95,000+ CRYPTO INVESTORS

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Get in touch today.😎

HOW DID WE DO? 🤷

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NUTCASE REVIEW OF THE DAY 🔍

DISCLAIMER: The content of this newsletter is not financial advice. This newsletter is strictly educational and is not investment advice. Please be careful and do your own research.