GM to all of you nutcases. It’s Crypto Nutshell #925 connectin‘ the threads… 🪢🥜

We're the crypto newsletter that's more punchline-ready than a comedy legend turning a hostile room into the encore… 🎤⚡

What we’ve cooked up for you today…

What’s in the Crypto Nutshell Portfolio?

BREAKING: Trump's crypto riches loom over Clarity Act talks to ban conflicts for U.S. officials

It’s been a while since we’ve given you guys an update on the CLARITY Act…

So here’s the latest news.

Washington's biggest crypto bill just got harder to pass. 😥

And the reason is the president's own wallet.

The CLARITY Act - the sweeping bill that would finally set the rules for how crypto is regulated in the US - has hit its make-or-break stretch.

Congress has roughly four weeks before its August break. Miss that window, and the bill likely dies for the year, swallowed by the midterms.

Supporters say it'll protect consumers and keep crypto builders onshore.

Critics say it punches loopholes in financial rules that have stood since the Depression.

But both camps agree on one thing: the clock.

So Trump is pushing hard.

On Monday he urged the Senate to pass CLARITY "in honor of" Senator Lindsey Graham, who died over the weekend.

There's just one wrinkle.

Graham wasn't a CLARITY negotiator, never publicly backed it, and actually co-sponsored an anti-money-laundering bill the crypto industry fought tooth and nail.

But the real blockage isn't optics.

It's math, and it's ethics.

With Graham gone and Mitch McConnell hospitalized, the Republican majority has thinned to 51-47. The bill needs 60 votes, meaning at least seven Democrats have to cross the aisle.

And those Democrats have one demand…

Stop the president from profiting off the industry he's regulating.

Here's why that landed like a grenade.

Trump's July disclosure showed roughly $1.4 billion in crypto income last year - the biggest such disclosure in presidential history.

His memecoin alone brought in $636 million.

Democrats want the president, his family and senior officials barred from cashing in.

The current bill text has none of that. Trump isn't rushing to add it.

For crypto markets, this matters more than any daily candle.

CLARITY is the catalyst institutions have been positioning for - the "permission structure," as one analyst put it, for trillions in sidelined capital.

Galaxy just cut its odds of 2026 passage to a coin flip.

So the bill built to bring clarity to crypto…

Is stuck on the least clear thing in the room: the president's own fortune. 🚀

AI is moving from experiment… to essential.

Every major industry is integrating it.
Every major company is investing in it.

By late 2025, AI was already an $800B market — growing at a pace that could push it well beyond $1 trillion in the years ahead.

Cloud infrastructure is scaling fast.
AI-enabled devices are multiplying.
Automation is becoming standard.

But here’s the real question…

When trillions flow into this transformation — which stocks stand to benefit most?

Our new report reveals 10 AI stocks positioned across the backbone of this shift — from the companies powering the infrastructure… to those embedding intelligence into everyday systems.

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Everything you've been taught about building a portfolio might now be making you poorer. Raoul Pal just made the case, and it's uncomfortable.

Pal is a former Goldman Sachs macro trader and founder of Real Vision. He's spent decades running diversified portfolios, the way every investor is taught to. He's now abandoned it entirely.

Here's what he posted:

It comes down to one number, what Pal calls the biggest macro variable of all time.

Global governments and central banks are increasing liquidity to manage their debt at roughly 8% a year. That's the hidden devaluation of fiat currency. It doesn't show up in the price of your groceries. It shows up as everything you own quietly losing purchasing power against the money supply.

Now add inflation on top, because debasement and inflation are not the same thing.

That's the number that changes everything.

An asset you buy is deferred consumption. You lock your money away today so you can spend it later, and you expect to be rewarded for the wait. But if your portfolio isn't compounding above 11% a year, you're not being rewarded at all.

You're going backwards.

Most diversified portfolios don't clear that bar. Bonds don't. Cash certainly doesn't.

Even a broad index fund struggles in most years.

Which leaves a brutally simple conclusion. In a world debasing at 8% a year, the only way to actually build wealth is to concentrate hard into the few assets that outrun it.

Diversification protected you in the old system.

In this one, it just spreads the losses evenly. ⚰️

Back to the ETF flow data - our weekly read on institutional appetite.

Green means money flowing in, red means it’s heading out.

The turn we flagged last week has arrived. Both assets went green.

Bitcoin ETFs pulled in about $197 million over the past five sessions - a clean flip from the $526 million that bled out the week before.

July 6th did most of the work with a $266 million haul, led by BlackRock's IBIT.

Ethereum told the same story: roughly $84 million in on the week, positive on four of five days.

So after weeks of one-way redemptions, institutions spent last week buying - on both assets at once.

Still early to call it a trend.

The green weeks are small next to the outflows that came before, and lifetime these funds hold over $51 billion in Bitcoin and $11 billion in Ethereum.

But two red weeks turning green is the first real shift in the we've seen in a while. 📊

New Hampshire Follows Bitcoin Reserve With ‘Blockchain Basic Laws’ Signing. The law protects self-custody, miners, validators, developers, and blockchain businesses while creating a specialist court docket for blockchain disputes.

Franklin Crypto CIO says crypto prices are disconnected from fundamentals. Seth Ginns argues institutional adoption is accelerating even as token prices fail to reflect the industry’s improving fundamentals.

Hyundai completes USDT treasury settlement pilot between US and Mexico. The automaker tested Tether for cross-border corporate treasury settlement.

Hyperliquid’s HIP-3 markets surge to nearly 50% of perp volume as onchain stock trading grows. Permissionless HIP-3 markets are approaching half of Hyperliquid’s perpetual-futures volume.

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

Trivia Answer: Current buy and sell orders at different prices. 🥳

An order book lists the bids buyers have placed and the asks sellers have offered. Traders use it to see available prices and how much market depth sits at each level.

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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.