GM to all of you nutcases. It’s Crypto Nutshell #775 suitin’ up again… 🧥🥜

We’re the crypto newsletter that’s more defiant than a prisoner plotting freedom from a place designed to crush hope… ⛓️🕊️

What we’ve cooked up for you today…

What’s in the Crypto Nutshell Portfolio?

BREAKING: JPMorgan launches tokenized money-market fund on Ethereum

JPMorgan just launched its first tokenized money-market fund on Ethereum.

The fund - called My OnChain Net Yield Fund, or MONY - went live on Tuesday with $100 million of JPMorgan's own capital seeding it.

This makes JPMorgan the largest global bank to launch a tokenized money-market fund on a public blockchain.

But the fund is only open to qualified investors: individuals with at least $5 million in assets or institutions with $25 million minimum.

Investors can subscribe and redeem using either cash or USDC, and they'll receive digital tokens representing their holdings in a crypto wallet.

Like traditional money-market funds, MONY holds U.S. Treasuries and repo agreements, offering yields higher than bank deposits with daily interest.

The difference? Everything happens onchain.

U.S. regulators clarified tokenization rules all year. The GENIUS Act established a framework for stablecoins. And The Clarity Act signalled a constructive approach to blockchain-based financial products.

That regulatory shift unlocked a wave of institutional adoption.

Tokenized real-world assets hit $38 billion in 2025. BlackRock's BUIDL fund holds $1.8 billion across eight blockchains. Goldman Sachs and Bank of New York Mellon are collaborating on tokenized funds.

JPMorgan is joining that race with scale.

The bank’s $4 trillion asset-management arm is backing MONY through Kinexys Digital Assets, the same platform it used last week to arrange commercial paper for Galaxy Digital on Solana.

That’s a notable shift for a bank whose CEO, Jamie Dimon, once called Bitcoin "worse than tulip bulbs."

But institutional skepticism is fading fast…

Tokenized funds solve a real problem: onchain yield without holding non-interest-bearing stablecoins.

And JPMorgan isn't betting on Ethereum alone - commercial paper on Solana, deposit tokens on Base, structured notes tied to Bitcoin.

Donohue said other major banks will follow.

Traditional finance isn't just watching crypto anymore. It's building on it. 🚀

Nancy Pelosi: Up 178% on TEM options
Marjorie Taylor Greene: Up 134% on PLTR
Cleo Fields: Up 138% on IREN

Meanwhile, retail investors got crushed on CNBC's "expert" picks.

The uncomfortable truth: Politicians don't just make laws. They make fortunes.

AltIndex reports every single Congress filing without fail and updates their data constantly.

Then their AI factors those Congress trades into the AI stock ratings on the AltIndex app.

We’ve partnered with AltIndex to get our readers free access to their app for a limited time.

Congress filed 7,810 new stock buys this year as of July.

Don’t miss out on direct access to their playbooks!

Get Congress Trade Updates

_{Past performance does not guarantee future results. Investing involves risk including possible loss of principal.}

Q4 hasn’t been the explosive bull run everyone expected.

No melt-up. No straight line higher. A lot more chop than euphoria.

Even Tom Lee has acknowledged that this cycle hasn’t played out the way most people thought it would in the short term.

But here’s the important part.

He hasn’t changed his view on where this is all going.

This week, Lee reiterated 2 things that matter more than any short term price movement.

And after the news of JPMorgan launching a tokenized fund on Ethereum:

That’s not a trader talking about next month.

That’s a strategist looking out years.

Lee’s framework has never been about timing every move. It’s about structure, liquidity, and adoption. And on those fronts, nothing has changed.

If anything, they’re accelerating.

That’s why Lee keeps pointing to 2026.

Not because price has to go up tomorrow. But because the foundation is being laid right now.

This cycle isn’t over. It’s just taking longer to show its hand. 🃏

Digital asset funds saw a third week of inflows totalling $864 million last week.

Total assets under management ticked up to $182.5 billion... but that’s still well below the $264 billion peak.

Let’s break it down.

Bitcoin led with $522 million in inflows.

Ethereum saw renewed interest at $337.6 million.

Solana pulled in $65 million, whilst XRP continued its run with $46.9 million.

From a regional perspective, the US dominated with $796 million.

Germany, Canada, and Hong Kong followed with $68.6 million, $26.8 million, and $10 million respectively.

Short-bitcoin products saw another $1.8 million in outflows.

Translation: no one's betting on a collapse.

The sentiment shift is clear. Money's moving back in. Conviction's rebuilding.

And yet... price action remains poor despite the Fed cutting rates last week.

That gap won't last. 🚀

Bitcoin ETFs are 60% underwater, creating a $100 billion distressed house of cards. With $127 billion in capital hovering near the $80,000 breakeven point, analysts warn the market has officially entered a dangerous "distribution" phase.

JPMorgan launches its first tokenized money market fund on Ethereum. J.P. Morgan Asset Management has launched MONY, a tokenized money market fund on Ethereum, offering qualified investors US Treasury exposure and onchain subscriptions.

Crypto market structure bill: no hearing before 2026. The Senate will not hold a market structure markup hearing this month, pushing any progress toward a new crypto law to next year.

SEC Chair Atkins says crypto could become ‘powerful financial surveillance’ tool, sees path forward without giving up privacy. SEC Chairmain Paul Atkins said there is a path forward that balances national security concerns with the preservation of individual privacy.

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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: XRP 🥳

The XRP Ledger launched in 2012, three years before Ethereum. Solana came in 2020, Polkadot in 2020, and Cardano in 2017. XRP is one of the oldest cryptocurrencies still actively traded.

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