GM to all 42,774 of you. Crypto Nutshell #226 scamperin’ thru. 🦎 🥜 

We’re the crypto newsletter that's more heartening than discovering your childhood toys are alive and have feelings... 🧸 🚀

What we’ve cooked up for you today…

• 😡 U.S. government crackdown

• 🤔 All-time highs coming soon

• 🤑 Ethereum check-in

• 💰 And more…

MARKET WATCH ⚖️

Only the top 20 coins measured by market cap feature in this section

U.S. GOVERNMENT CRACKDOWN 😡

BREAKING: U.S. Government issues emergency data collection request on Bitcoin miners in America 🚨 

The U.S Energy Information Administration (EIA) has issued a mandatory survey to Bitcoin miners.

And, the Bitcoin community is not happy…

Here’s what the EIA had to say in a press release.

On one hand, understanding the exact amount of power that Bitcoin miners use sounds like a good thing.

But others argue that the survey requires a little too much information.

To maker matters worse, the survey is mandatory under federal law.

Companies that do not respond will be fined $10,633 per day…

That’s a little excessive isn’t it?

Let’s hope it ends with just the surveys…

Checkout the full article here.

TOGETHER WITH STOCK MARKET RUNDOWN 📈

Do you want to sound smart in front of your boss? 🧠 

How about stunning your friends with your business knowledge?

There’s an easy way to do it: Stock Market Rundown.

It’s a daily 3-minute read that keeps you covered on the stock market and all things business.

We enjoy reading Stock Market Rundown because they make keeping up with the latest business news amusing and actually kind of fun.

The best part? They’re 100% free.

Pump that subscribe button to get smarter on business today. 😎

ATH SOONER THAN YOU THINK? 🤔

Bitcoin’s new all-time high may come within the next 30 to 60 days.

That’s the latest message out from Bitcoin Investor Fred Krueger.

For those of you who don’t know Fred Krueger, here’s a quick rundown on some of his credentials:

• Worked on Wall Street during the early 80’s to late 90’s

• PHD in Math from Stanford

• 10 successful entrepreneurial exits from companies he created

Safe to say, not only is Fred a total G - he also knows what he’s talking about.

Krueger’s bull scenario for the next 30 to 60 days would see Bitcoin hitting a new all-time high before the next halving.

Here’s the logic behind it:

• Selling pressure from Grayscale’s GBTC is largely over.

• Within 18 trading days, the newly launched Bitcoin ETFs have accumulated ~175,000 Bitcoin. That’s $7.5 billion at today’s prices.

With these two key facts in mind, this is how Krueger thinks it’ll play out:

Definitely an interesting scenario that we could see happening.

The Bitcoin ETFs have added a little spice to the 4 year market cycle.

This time really is going to be different. 😎

ETHEREUM CHECK-IN 🤑

Two days ago we broke down the amount of Bitcoin currently available on exchanges.

Today we’ll be checking in on Ethereum’s supply side dynamics.

(they’re ridiculously good btw)

Let’s kick things off with a quick look at the amount of Ethereum available for sale on exchanges.

As of today, there is only 13,610,273 ETH sitting on exchanges…

That effectively puts this metric at an all-time low. 😱

(even though it was technically lower in 2016, the circulating supply was WAY smaller than todays)

But wait… It gets better…

The amount of Ethereum locked for staking continues to smash through all-time highs.

Currently there is 37,843,544 Ethereum staked. (31.58% of the circulating supply)

That’s an increase of over 1 million ETH since we last looked at this metric two weeks ago.

And to top things off…

The circulating supply of Ethereum continues to decrease. 📉

Since The Merge, Ethereum has been deflationary at a rate of -0.205% per year.

Currently the circulating supply is 119,945,253 ETH. 

That’s a decrease of 342,470.44 ETH since September 15, 2022.

Putting it all together and we have three ridiculously bullish indicators:

• Decreasing exchange balances

• Increasing amount of staked ETH

• Decreasing supply

To us that sounds like a supply shock is coming for Ethereum. ⚡️

CRACKING CRYPTO 🥜

Bitcoin mining difficulty hits new ATH after record 7.3% spike. Bitcoin mining difficulty has surged to a new all-time high, reaching 75.50T at block height 828,576 on Feb. 2.

DOJ charges duo for crypto mining in school district amid US energy scrutiny. According to a statement from the DOJ, the two senior staff members purchased high-end graphic cards to operate a crypto mining farm for their own personal gain.

Bitcoin hovers around $43k on latest jobs data. Stocks and cryptocurrencies were mixed Friday as investors grappled with new earnings and economic data, including labor market dynamics.

WHAT WE’RE READING 📚

Want to get even smarter? Check these out.

p.s. all completely FREE

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: D) Peer-to-Peer Networks 🥳

The Bitcoin network is a peer-to-peer (P2P) network.

GET IN FRONT OF 42,000+ CRYPTO INVESTORS

Advertise with Crypto Nutshell to get your product or brand in front of the crème de la crème of crypto investors. Crypto Nutshell readers are high-income earners who are always looking for unique or interesting offers.

Get in touch today. 😎

WANT EVEN MORE KNOWLEDGE? 📚

Hungry for even more free newsletters? Check these out which we subscribe to:

• Transacted (link) - all things wall street & finance

• Your Next Breakthrough (link) - Mark Manson’s weekly life insights

• Bitcoin Breakdown (link) - 5-min breakdown all things Bitcoin

• Crypto Pragmatist (link) - actionable crypto alpha, 3x per week

• Chartr (link) - data driven insights in tech, business & society

HOW DID WE DO? 🤷

We read every comment submitted in this poll and love to hear what you guys have to say. 😁 (bonus points for suggestions 🍪)

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