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PLUS: Will the Fed cut?
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GM to all of you nutcases. It’s Crypto Nutshell #692 gearin’ up… ⚙️🥜
We're the crypto newsletter that's more spine-chilling than a clown lurking in the sewers waiting for its next victim... 🎈🤡
What we’ve cooked up for you today…
🏦 Fed holding steady?
🐂 Bull market has much more
📈 Only up
💰 And more…
Prices as at 3:10am ET
FED HOLDING STEADY? 🏦
BREAKING: Bitcoin, Ethereum Sink as Fed’s Hammack Makes Case for Holding Interest Rates Steady
Bitcoin and the rest of crypto are bleeding again today…
What’s going on this time?
Well…
Cleveland Fed President Beth Hammack just threw cold water on September rate cut expectations:
“If the meeting was tomorrow, I would not see a case for reducing interest rates.”
Her blunt comments sent BTC down nearly 10% from last week’s record above $124K and reminded traders that the Fed is still locked in on inflation.
Markets had been almost certain cuts were coming.
Just a week ago, odds sat near 100%.
Today?
They’ve slid back to 75%, according to CME FedWatch.
Hammack warned that inflation “has been trending in the wrong direction” and said the Fed must stay “laser focused” on bringing it to 2%.
Tariffs, she added, could make the picture even worse:
“I do expect… we’re not going to see the full impact of tariffs pass through until sometime next year. It usually takes three to four months to start seeing the early impacts of tariffs, and so we're just at that point right now.”
That message leaves Fed Chair Jerome Powell’s keynote today carrying even more weight.
Bitwise strategist Juan Leon expects a “cautiously hawkish” tone that could trigger a “rates-higher, dollar-firmer, risk-off whiplash - typically negative for high-beta assets like crypto.”
The takeaway is simple:
The liquidity everyone’s waiting for isn’t here yet. (And now September isn’t even a guarantee)
But when the Fed finally blinks, history shows capital flows fast - and crypto is always first in line to catch it. 🚀
Former Zillow exec targets $1.3T
The top companies target big markets. Like Nvidia growing ~200% in 2024 on AI’s $214B tailwind. That’s why the same VCs behind Uber and Venmo also backed Pacaso. Created by a former Zillow exec, Pacaso’s co-ownership tech transforms a $1.3 trillion market. With $110M+ in gross profit to date, Pacaso just reserved the Nasdaq ticker PCSO.
Paid advertisement for Pacaso’s Regulation A offering. Read the offering circular at invest.pacaso.com. Reserving a ticker symbol is not a guarantee that the company will go public. Listing on the NASDAQ is subject to approvals.
BULL MARKET HAS MUCH MORE 🐂
Macro investor Dan Tapiero says this cycle is far from done.
In his latest update, he pointed to the crypto lending market - showing why both Bitcoin and Ethereum still have massive upside ahead.
Here’s why Tapiero is so sure this bull market has much more to give:
Just look at this chart:
It shows that crypto lending activity (CeFi + DeFi) peaked back in 2021, collapsed through the bear market, and is just now breaking higher.
Q2 2025 is already pushing new cycle highs - and that’s before institutional demand truly ramps.
What’s driving it this time:
Bitcoin & Ethereum are now seen as blue-chip collateral 🏦
U.S. regulatory clarity is unlocking trillions in sidelined capital 🇺🇸
Wall Street treasuries, banks, and funds are circling the market 📈
Lending is still in its early innings ⚡
Tapiero’s message is clear: we haven’t seen anything yet.
The bull market still has a long way to run. 🐮
ONLY UP 📈
Today we’ll be taking a look at the amount of wallets that hold at least some Bitcoin. (anything greater than 0)
This metric offers a bird’s-eye view of user activity and adoption across the Bitcoin network.
But there’s a slight catch…
One wallet does not equal one user. A user can have many wallets.
What matters here is the trend of the chart.
Increasing number of addresses: increasing adoption levels 📈
Decreasing number of addresses: indicates users are selling their entire balance or consolidating wallets 📉
There are now 53,975,654 wallets holding BTC.
That’s 452,343 new wallets in just the last two weeks.
Zoom out? 2025 alone has added 1,452,117 fresh wallets to the network.
The message is loud and clear:
Adoption is accelerating.
The base of holders keeps expanding.
Conviction is compounding under every price swing.
Price moves come and go.
But the network?
It’s only getting stronger. 💪
CRACKING CRYPTO 🥜
BlackRock's Bitcoin and Ethereum ETFs leads market exodus of over $500 million. US Bitcoin and Ethereum ETFs, led by BlackRock's funds, experience record outflows amid rising investor caution.
Bitcoin’s 4-year cycle may not be dead after all: Glassnode. Glassnode says that Bitcoin’s capital inflows are showing signs of fatigue, with the asset mirroring previous four-year cycle patterns.
Insiders Cash In Millions as Rapper Ye 'Apparently' Issues Solana-Based YZY Token. The apparent celebrity-backed token surged thousands of percent at launch, but on-chain data points to concentrated control, insider trades and a liquidity design that leaves retail investors exposed.
Anti-central bank digital currency provision added to US House's must-pass defense bill. An anti-central bank digital currency provision has been added to what is viewed as must-pass defense funding legislation.
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”)
Which stablecoin is overcollateralized with crypto assets rather than backed 1:1 with fiat? |
MEME CORNER 😂
Because what would the crypto world be without its share of memes?c
Trivia Answer: DAI 🥳
DAI is generated by locking up assets like ETH in MakerDAO’s smart contracts, making it a decentralized stablecoin. 🏦
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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.
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