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GM to all of you nutcases. It’s Crypto Nutshell #699 clearin’ the way… 🪓🥜
We're the crypto newsletter that's more intense than a thief racing against the clock to pull off one last job... ⏱️💰
What we’ve cooked up for you today…
👀 Keep an eye on these
⚡️ 2 Reasons to buy Ethereum
📈 Inflows are back
💰 And more…
Prices as at 3:30am ET
KEEP AN EYE ON THESE 👀
BREAKING: Key Economic Events to Watch This Week for Bitcoin
Bitcoin stumbles into September…
After hitting a record high above $124K three weeks ago, BTC closed August down -6.47%.
Now, the next few days could decide whether this dip digs deeper - or flips into a rebound.
The setup?
A macro triple-header: jobless claims, productivity, and the all-important August jobs report.
Together, they’ll shape whether Powell pulls the trigger on the September cut Wall Street is already pricing at 89.7% odds.
“The Fed is walking a tightrope,” warned Kurt S. Altrichter of Ivory Hill Wealth Advisory.
Cut too soon, and risk 1970s-style inflation. Hold too long, and risk breaking the labor market.
Consensus has jobless claims flat at 230K. But anything hotter adds pressure to ease.
Payrolls are penciled in at 75K jobs with unemployment up to 4.3% - though HashKey’s Xu Han is betting weaker, closer to 40K–60K, which he says could force not just one cut, but “a series of cuts beyond” into late 2025.
And here’s the twist: bad jobs data might actually be good for Bitcoin.
Weak labor = looser policy = more liquidity. Risk assets thrive.
Still, seasonality can’t be ignored.
September is Bitcoin’s weakest month on record, averaging –3.77%.
The bottom line: Bitcoin is stuck between fragile support and Fed-driven catalysts.
A weak payrolls print could flip sentiment fast - but until then, brace for volatility.
OUT-RETURN BITCOIN THIS CYCLE 🚀
“First Bitcoin runs. Then ETH… ETH/BTC is sitting at historic range lows… you’ve got the strongest setup we’ve ever seen for Ethereum.”
That’s what we told Pro members back in July.
Since then:
Ethereum is up +78.5%
Bitcoin is down -5.10%
Not too shabby…
Ethereum hasn’t just followed Bitcoin, it’s outperformed it, exactly as we predicted.
Right now, Crypto Nutshell Pro is closed.
It’s been closed for months. We cap the group purpose, to keep the alpha as high as possible.
But later this week, we’ll be opening the doors to 25 new Crypto Nutshell Pro members.
If you’re interested in altcoin coverage, buy recommendations & want calls that outperform Bitcoin, click below to join the waitlist:
Once the 25 open slots are gone, they’re gone.
First in, first served. (Crypto Nutshell has 95,000+ daily readers, you do the math)
2 REASONS TO BUY ETHEREUM ⚡️
It’s no secret that Wall Street legend Tom Lee is going all-in on Ethereum.
Through his company BitMine, he has purchased 1.71 million ETH, representing just under 1.5% of the total supply.
His goal is to get to over 5% of the supply, and in his latest interview he broke down the 2 major reasons why.
According to Lee, there are 2 unstoppable forces lining up behind ETH:
1. Finance is going on-chain 💵
Stablecoins are already a $250B market - with the vast majority minted on Ethereum.
The Genius Act has greenlit banks to issue stablecoins directly.
Treasury Secretary Benson thinks this market could swell to $4T+.
Every dollar of that growth = more gas burned on Ethereum.
2. AI needs Ethereum 🤖
As AI agents go from online chatbots to real-world actors, they need secure, verifiable rails.
Ethereum provides “proof of human” - making sure instructions sent to machines, vendors, or across chains are legitimate.
Lee sees Ethereum as the default settlement layer for the AI + crypto economy.
The last time we saw a setup like this?
Lee compares it to 1971, when the dollar left the gold standard and Wall Street built its modern empire on synthetic money.
This time, Wall Street’s rails aren’t fiat.
They’re Ethereum. This run has just begun. 🐐
INFLOWS ARE BACK 📈
We’re so back…
Digital asset funds rebounded from last weeks outflows, recording inflows of $2.48 billion.
Let’s break it down.
Ethereum continued to outperform Bitcoin, with net inflows of $1.42 billion versus Bitcoin’s $748 million.
For the month of August, ETH racked up a massive $3.95 billion, while Bitcoin actually posted $301 million in outflows.
XRP and Solana continued their hot streaks with inflows of $177.0M and $134.1M respectively.
Regionally, the U.S. once again dominated with inflows of $2.29 billion last week.
Switzerland, Germany and Canada also saw inflows of $109.4M, $69.9M and $41.1M respectively.
Sweden was the outlier, bleeding $45 million.
CoinShares notes that inflows were steady all week, until Friday…
That’s when the release of Core PCE data dashed hopes for a September rate cut, flipping flows negative into the weekend.
Combined with recent price action, total crypto assets under management have slipped 10% off their highs, now sitting at $219 billion.
Still, the breadth of demand - from the U.S. to Europe to Canada - suggests Friday’s dip was more profit-taking than panic selling.
In other words, the bull bid is alive… even if it hit pause to catch its breath.
CRACKING CRYPTO 🥜
Trump-backed token WLFI launches with $7.4B valuation, sends Ethereum gas fees soaring. Ethereum users contend with surging gas fees amid overwhelming WLFI trade volumes across centralized and decentralized exchanges.
Bitcoin (BTC) Price Hovers Around $107K as Weakest Month for Crypto Begins. DOGE led losses among major tokens with a 4.5% slide in the past 24 hours ahead of the Labor Day holiday in the U.S.
Coinbase, OKX push crypto into Australia’s retirement system. Coinbase and OKX launch SMSF products in Australia’s $2.8T retirement system as US policy shifts under Trump open 401(k)s to crypto exposure.
Metaplanet buys $112 million worth of bitcoin; total holdings reach 20,000 BTC. Metaplanet's total holdings of 20,000 BTC made the company the sixth largest public corporate holder of bitcoin.
WHAT WE’RE READING 📚
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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”)
Roughly how often is a new block added to the Bitcoin blockchain? |
MEME CORNER 😂
Because what would the crypto world be without its share of memes?
Trivia Answer: Every 10 minutes 🥳
On average, miners find a block every 10 minutes — though real times fluctuate depending on difficulty.
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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.
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