GM to all of you nutcases. It’s Crypto Nutshell #676 touchin’ down… 🚁🥜

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What we’ve cooked up for you today…

What’s in the Crypto Nutshell Portfolio?

BREAKING: White House's working group releases lengthy crypto report including legislative proposals, crypto stockpile details

The Trump administration just dropped its long-awaited, 166-page crypto policy report.

And at the heart of it?

A bold plan to keep crypto innovation on U.S. soil - while laying the foundation for American dominance in the next digital age.

Let’s break it down.👇

Here Comes the Reserve

The report confirmed what Trump first hinted at in March: the U.S. is building a strategic crypto reserve.

It will include Bitcoin, Ethereum, XRP, SOL, and ADA - and it won’t be for sale.

Instead, it will be managed by the Treasury and backed by forfeited digital assets, functioning as a sovereign stockpile to “meet government objectives.”

Clearer Rules, Finally

The White House is calling on Congress to:

Even Tornado Cash got a nod - with officials noting the importance of protecting open-source code and smart contracts.

No More Offshore Escape Hatches

On taxes, the message is clear:

All foreign digital asset accounts must be reported. No more “easy offramps” for dodging U.S. tax laws.

But there’s a key exception: decentralised protocols.

The report explicitly says DeFi shouldn’t be subject to the same reporting rules.

The Bottom Line?

Trump’s team isn’t just endorsing crypto - they’re rewriting the playbook.

With the GENIUS stablecoin bill already law, and the strategic reserve quietly taking shape, Trump’s team is making one thing clear:

The U.S. wants to be the global HQ for crypto’s next era.

Or as the report puts it:

Buckle up. 🚀

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Pacaso’s co-ownership model has generated $1B+ in luxury home sales and service fees, earned $110M+ in gross profits to date, and received backing from the same VCs behind Uber, Venmo, and eBay. They even reserved the Nasdaq ticker PCSO.

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Matt Hougan just dropped a bomb:

The old 4-year crypto cycle?

It’s over.

The Chief Investment Officer at Bitwise says we’ve entered into a new era - one driven by long-term adoption, not halving hype.

Why It’s Dead ☠️

The old 4-year cycle?

Matt says it’s fading for 3 reasons:

Translation?

The wild west of crypto is maturing.

Speculation isn’t driving the cycle anymore…
Real capital is.

And the long-term players are just getting started.

What’s Now Driving This Market 🔑

Matt points to 4 mega trends:

This is no longer a game of “wait for the halving.”

This is steady, structural adoption.

What It Means 📈

It won’t be vertical. It won’t be smooth.

But if Matt’s right, the writing’s on the wall:

No brutal crash.
No typical year-4 winter.

Just a slow, juicy grind… higher and higher. 📈

Sign us up.

While we’re on the topic of Ethereum, let’s take at look at it’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.

This chart is getting out of control…

Staked ETH just won’t stop climbing.

As of today, 65,669,703 ETH is locked up—a +616,144 ETH surge in just the past two weeks.

Yep… another all-time high.

But here’s the part that really matters:

54.27% of all ETH is now staked.

That’s more than half the entire supply - pulled off the market by long-term holders with zero intention of selling.

This isn’t just a number on a chart.

It’s supply shock in real time.

And it’s pure rocket fuel. 🚀

JPMorgan Chase gives customers direct access to Coinbase for crypto purchases, rewards. Coinbase and JPMorgan Chase aim to simplify crypto access for millions with new reward and integration features.

Bitcoin, Altcoins Rebound After Powell Sparks Swift Selloff and $200M Shakeout. Altcoins like SOL, AVAX, HYPE were down 4%-5% before paring losses, while BONK and PENGU plunged 10% then bounced back.

Treasury companies solve Ether's narrative problem — Bitwise exec. Crypto treasury and holding companies present a clear use case for ETH that will increase adoption, according to Bitwise chief investment officer Matt Hougan.

Robinhood’s Q2 crypto volume jumps 32% as firm pushes tokenization, Bitstamp deals. Robinhood said that crypto trading volume rose 32% year-over-year to $28 billion in its second-quarter earnings report.

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

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

Trivia Answer: Uniswap 🥳

Uniswap is a DEX, meaning it runs on smart contracts and lets users swap tokens directly from their wallets — no signups, no middlemen. 🦄🔄

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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.