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GM to all of you nutcases. It’s Crypto Nutshell #576 vibin’ out… 🎶 🥜

We're the crypto newsletter that's more chilling than a deadly game where the only rule is survival... 🎲🩸

What we’ve cooked up for you today…

• 🤔 Trump family wants Binance?

• 🦣 Big things coming…

• 📉 Still going down

• 💰 And more…

What’s in the Crypto Nutshell Portfolio?

TRUMP FAMILY WANTS BINANCE? 🤔

BREAKING: CZ denies asking the President for a pardon amid reports Trump family held talks about taking a stake in Binance

Now, this is interesting...

A report from The Wall Street Journal claims that the Trump family has held talks to secure a financial stake in Binance US (The American arm of the world’s largest crypto exchange).

According to the report, Binance originally approached Trump allies last year, pitching a potential deal that could help the exchange regain its footing in the U.S.

For context, Binance US has been struggling since its massive $4.3 billion regulatory settlement in 2023.

As part of that deal, Binance founder Changpeng “CZ” Zhao served 4 months in prison for anti-money laundering violations.

The WSJ also alleges that CZ has been quietly pushing for a presidential pardon.

But CZ isn’t having it…

Shortly after the report made waves, CZ took to X (Twitter) to shut it down:

And he didn’t stop there.

CZ went on to frame the article as an attack on Trump and crypto:

So, where does that leave us?

At this point, neither Binance nor the Trump family has commented on the matter.

But here’s what we do know:

• The Trump family has been increasingly involved in crypto, launching NFT collections, memecoins, and World Liberty Financial. So this move does make sense, although it also raises conflict of interest questions…

• Binance wants back in the U.S. - A Trump partnership would be a game-changer.

• But CZ is flat-out denying any talks took place

Who do you believe? 🤔

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BIG THINGS COMING… 🦣

As you know, Bitcoin & crypto is down bad.

It sucks.

But here’s what everyone is missing…

Even though prices might be taking a breather (which is normal in crypto), the power dynamics behind Bitcoin have never been stronger.

Big things are coming for Bitcoin.

That’s the latest out of Michael Saylor.

This week, at the Bitcoin for America event in Washington, D.C., Saylor dropped his boldest speech yet.

Here were his 3 main points:

1. The U.S. government has now officially acknowledged Bitcoin’s dominance. 🇺🇸

2. The biggest corporations in the world are accumulating Bitcoin like it’s prime Manhattan real estate. 🏙️

3. Bitcoin is no longer just an asset - it’s digital capital, digital property, and has become the backbone of global finance. 🌍

Saylor isn’t worried about the short-term price action. Here’s why:

Forget the short-term price swings.

The real game is about long-term power, and the biggest players in the world are stacking Bitcoin like their future depends on it.

That now includes the U.S government. 🇺🇸

Saylor and his company MicroStrategy turned $250 million into $45 billion - simply by recapitalising into Bitcoin.

According to Saylor, this is just the beginning.

The biggest Bitcoin corporations - MSTR, MARA, Riot - are positioning to invest $20 to $40 TRILLION over the next two decades.

Bitcoin’s price being down sucks. 

But - it’s temporary noise.

What actually matters?

Billionaires, corporations, and even governments are dedicated to making Bitcoin the dominant global asset.

And if you own Bitcoin, you will directly benefit.

They’re fighting for your financial future.

Stay focused. Keep stacking. The game is rigged in Bitcoin’s favor. 🎯

STILL GOING DOWN 📉

Today we’ll be taking a look at the amount of Bitcoin available for sale on exchanges.

Here’s how to interpret this metric:

• Decreasing exchange balances: Bullish indicator as it signals a shift towards long-term holding 🐂

• Increasing exchange balances: Bearish indicator as coins being transferred to exchanges are more likely to be sold 🐻

Right now, just 2,685,615 BTC is sitting on exchanges.

That’s only 13.54% of Bitcoin’s total circulating supply!

In the past two weeks, exchange balances have dropped by 26,376 BTC (~$2.13 billion at today’s prices).

And year-to-date, exchange reserves have plummeted by 105,851 BTC - a trend that’s only accelerating.

With Bitcoin’s recent price volatility, you’d expect panic sellers to flood exchanges.

But that’s not happening.

Instead, Bitcoin continues to be withdrawn from exchanges at an accelerating rate, suggesting that investors are holding strong.

CRACKING CRYPTO 🥜

SEC reportedly weighing XRP’s commodity status amid Ripple settlement negotiations. Reports pointed out that the regulator is comparing Ethereum and XRP to define whether Ripple's crypto is a commodity.

Bitcoin price drops 2% as falling inflation boosts US trade war fears. BTC price action decides that good news on inflation is in fact bad news thanks to persisting US trade war fears dampening risk-asset trader appetites.

U.S. Senate Takes First Big Step to Advance Stablecoin Bill. The first committee approval of a stablecoin bill in this new congressional session now moves the so-called GENIUS Act toward the Senate floor.

BlackRock's BUIDL first to cross $1 billion mark, making it the largest tokenized fund tracking onchain Treasuries. BUIDL, launched in March 2024, was BlackRock’s first tokenized fund to be issued on a public blockchain.

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: IBIT 🥳

BlackRock’s Bitcoin ETF trades under the ticker $IBIT ( ▲ 0.63% )

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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.