GM. Crypto Nutshell dropping in hot! 🫶 🥜 

The crypto newsletter more uplifting than a nanny descending from the skies with her magical umbrella... ☂️🌬

Today, we’ll discuss:

• Vitalik’s Twitter account hacked 🤖

• Why Ethereum will outperform Bitcoin💰

• Bitcoin’s seasonality 🌞 

• And more…

MARKET WATCH ⚖️

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

VITALIK HACKED 🤖

JUST IN: Vitalik Buterin's X (Twitter) account hacked, draining over $691K from victims' wallets

Vitalik Buterin, co-founder of Ethereum has allegedly had his X (Twitter) account hacked. It’s been reported that victims have lost over $691,000 after clicking on a malicious link posted by Vitalik’s account.

The above screenshot was the link that the hacker posted. We hate to say it, but it looks pretty convincing…

Just goes to show, in the world of crypto you have to be EXTREMELY careful with what links you click on. And never connect your wallet to anything you aren’t 100% sure about.

WHY ETHEREUM WILL OUTPERFORM BITCOIN 🤔

If you’re familiar with Raoul Pal, you know that he’s a huge Ethereum bull. 🐂 

He believes it offers the best risk to reward, by far.

He’s not only saying that either - he’s put his money where his mouth is and 90% of his portfolio is made up of ETH.

What makes him so confident?

Raoul broke down 3 major catalysts:

1. The Ethereum Merge: Thought the Bitcoin Halving was a big deal? That cut’s the supply of Bitcoin by 50%. Last year due to the ETH merge, the supply of Ethereum was cut by 99%. 🔪

2. EIP-1559. On August 5, 2021, a burn mechanism was added to Ethereum. This means every time Ethereum is transacted, a fee of ETH is burnt. Gone forever. 🔥

3. Staking. Unlike Bitcoin, you can stake Ethereum. Over 20% of the entire Ethereum supply is staked. This means it’s likely held by high conviction, long term holders. 💰

Combine all 3 and Raoul believes Ethereum has the perfect set-up.

Since the merge, Ethereum has been deflationary with a reduction of 300,000 ETH. This equates to ~$500 million.

In the last bull-run, Ethereum almost got to $5,000.

Now with better supply economics, just how high could it go in the next bull-run?

Let us know what you think in today’s poll 👇

BITCOINS 4 YEAR CYCLE: MORE PAIN COMING 😳 

One of the most fascinating aspects of Bitcoin is the predictable cycle that it appears to follow.

The driver of this 4 year cycle is an event known as the Bitcoin halving (only 7 months away).

Twitter on-chain analyst @therationalroot designed the charts below to show exactly where we are in the current cycle and how that compares to previous cycles.

In the chart below, Q4 of each year has been highlighted in yellow and the vertical lines (arrows) represent today’s date in the cycles 4 and 8 years ago.

Key Takeaways:

• Bitcoins price has historically peaked in Q4 of the second year after the halving (green dotted circles)

• Lowest price has historically occurred in Q4 of the third year (red dotted circles)

@therationalroot goes on to raise an interesting statistic. The chart below highlights the third quarter of each year in blue.

The third quarter leading into the halving has consistently resulted in negative price action. 😱

And guess what. As of today, Q3 2023 currently is at a loss -15.17%.

It’s honestly fascinating looking into the 4 year cycles of Bitcoin. If history is anything to go by, we may be in for some more pain until the end of September…

but then we should start to see Bitcoin ripping upwards in Q4… 😎

CRACKING CRYPTO 🥜

CAN YOU CRACK THIS NUT? ✍️

Have you read the section on Raoul Pal yet?

Well if you have, let’s put your memory to the test.

Since the merge, Ethereum has been deflationary with a reduction of ____ ETH.

• A) 200,000

• B) 300,000

• C) 400,000

• D) 100,000

Find out the answer at the bottom of “Meme Corner” below 😀

MEME CORNER 😂

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

Trivia Answer: B) 300,000 🥳 

Since the merge, Ethereum has been deflationary with a reduction of 300,000 ETH. This equates to ~$500 million.

HOW DID WE DO? 🤷 

Let us know you’re thoughts by clicking one of the options below.

We read every comment submitted in this poll and love to hear what you guys have to say. 😁

Bonus points for any feedback or content suggestions you may have

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.