GM to all of you nutcases. It’s Crypto Nutshell #756 chefin’ it up… 🍳🥜

We’re the crypto newsletter that’s more epic than a desert warrior rising against an empire built on fear… 🏜️🔥

What we’ve cooked up for you today…

What’s in the Crypto Nutshell Portfolio?

BREAKING: Standard Chartered says bitcoin sell-off likely over, eyes year-end rally

After one of the ugliest drawdowns of the cycle, the big question is simple.

Is the bottom in?

Standard Chartered says yes.

Bitcoin bounced back above $93K after plunging below $90K yesterday - a near 30% collapse from the October peak and its deepest pullback since spot ETFs launched.

And yet, analysts keep repeating the same thing.

This still doesn’t look like the start of a real bear market.

According to Standard Chartered’s Geoffrey Kendrick, the sell-off matches the third major correction of the current cycle.

Same magnitude. Same reset in key indicators.

According to Kendrick, these metrics look identical to prior bottoming phases.

One of the strongest signals is MicroStrategy’s modified NAV dropping back to 1.0 - a level that historically coincides with seller exhaustion.

Kendrick’s base case?

A rally into year-end.

But macro isn’t helping the short-term…

That’s created a strange split:

High liquidity environment… But weak crypto performance.

Short-term? It’s messy.

Long-term? The thesis is intact.

Meanwhile on-chain:

These surges usually come after bottoms - not before.

Put all of that together, and analysts now see two realistic paths:

Both lead to the same destination. 🚀

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This week, Bitcoin printed a death cross - the kind that sends crypto investors into meltdown mode.

But according to Benjamin Cowen, one of YouTube’s most respected on-chain analysts, this isn’t the apocalypse people think it is.

A quick reminder for anyone new:

A death cross happens when Bitcoin’s 50-day moving average falls below its 200-day moving average.

It sounds dramatic - and it looks dramatic on a chart - but historically it usually shows up late, after the damage is already done.

And more often than not?

It happens near local bottoms, right before Bitcoin recovers.

That’s exactly why Benjamin Cowen is paying attention right now.

Cowen’s take is simple:

Historically, most death crosses happen near local bottoms, not tops.

They look terrifying… right before Bitcoin bounces.

But - and this is key - that only holds if the cycle isn’t over.

Here’s what he said:

And until the market shows its hand?

Cowen’s final line says it all:

This death cross isn’t doom. It’s a checkpoint.

If the bulls have juice left, this is exactly where they wake up. 🐂

Today we’ll be taking a look the overall stablecoin supply.

Stablecoins are the backbone of crypto liquidity, used for seamless trading and instant cross-border transactions.

The chart below tracks the aggregate change in the total stablecoin market cap.

Two weeks ago, the total stablecoin supply sat at $264.27 billion.

Today it’s $263.98 billion.

That’s a $290 million decline in the past 14 days.

At first glance, that looks like weakness. But context matters.

Bitcoin has fallen to the mid-90,000s.

Fear is everywhere right now.

And despite all that… stablecoin supply is basically flat.

That’s not capital leaving the system. That’s capital sitting on the sidelines.

Yes, the explosive growth we saw earlier this year has paused since October 22.

But zoom out…

The stablecoin supply is still up $78.94 billion year-to-date.

Stablecoins aren’t just digital dollars.

They’re dry powder.

Billions in ready-to-deploy capital, already on-chain, waiting for conviction to return.🔥

SEC is done with crypto: Removes all mention from its agenda for 2026. The SEC’s 2026 priorities drop all references to crypto, signaling a deliberate shift toward broader tech and compliance risks.

Sen. Warren Keeps Pressure on Trump Crypto Ties as Market Structure Bill Negotiated. Senator Elizabeth Warren is maintaining political heat on President Trump's World Liberty Financial business interests in a letter to the Treasury and DOJ.

Cloudflare outage hits multiple crypto websites, social media channels. After hours of disruptions early on Tuesday, Cloudflare reported that it had implemented a fix to an incident that had cut off access to the front end of many websites for users.

Kraken's valuation hits $20 billion following Citadel 'strategic investment' as exchange pushes toward IPO. Kraken said Tuesday afternoon it has raised $800 million across two different tranches over the past two months.

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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: SegWit (Bech32) 🥳

Bech32 (bc1) addresses are SegWit-based, enabling cheaper and more efficient transactions. ⚡

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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.