🥜 Ethereum Will Rip

PLUS: Crypto week stumbles

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Today’s edition is brought to you by Ledger - Grab your Ledger Nano today and lock down your crypto the smart way!

GM to all of you nutcases. It’s Crypto Nutshell #665 goin’ for the win… 🏁🥜

We're the crypto newsletter that's more chaotic than a wedding weekend spiraling into disaster thanks to a wild best man... 💍🍾

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What we’ve cooked up for you today…

  • 🏦 Crypto week failed?

  • 🧠 Don’t sleep on Ethereum

  • 🤯 This metric only goes up?

  • 💰 And more…

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market data

Prices as at 4:20am ET

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CRYPTO WEEK FAILED? 🏦

BREAKING: House scraps Tuesday votes on crypto bills after procedural failure

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Yesterday, we said the floodgates were about to open…

Today?

Congress tripped over its own shoelaces.

The House was set to vote on the GENIUS Act (stablecoins) and the CLARITY Act (crypto market structure).

But at the last minute, the votes were scrapped - not because of crypto…

…but thanks to a procedural rebellion inside the GOP.

The House Freedom Caucus blocked the rules package required to move forward - part of a broader protest against Speaker Mike Johnson.

Crypto wasn’t the target.

But it got caught in the crossfire.

And yes - this came despite Trump publicly urging Republicans to vote yes.

He called stablecoins a strategic weapon to keep the U.S. ahead of China and Europe.

Trump

Love him or hate him - his message was clear:

Pass the bill. Now.

So where does that leave us?

The bills are delayed, not dead.

Support is still strong.

And Trump’s push may add pressure to get this done by week’s end.

Trump

In Washington, momentum rarely moves in a straight line.

But make no mistake…

Crypto Week is still very much alive.

And once the procedural dust settles?

The real vote begins.

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Ledger

NOT YOUR KEYS, NOT YOUR COINS

It’s not just a saying - it’s the golden rule of crypto.

That’s why we use Ledger.

Ledger is the smartest way to secure your crypto - trusted by over 6 million users worldwide. And for good reason 👇

  • Ledger Live makes it easy to buy, send, receive, and manage your crypto - all in one secure app

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  • No KYC, no third-party risk, just full control over your assets

It’s peace of mind in your pocket. 🧘‍♂️

Don’t wait for an exchange hack or “temporary withdrawal pause” to learn this lesson the hard way.

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DON’T SLEEP ON ETHEREUM 🧠

Pentoshi - the chart whisperer - just shifted focus to Ethereum.

And he’s sounding the alarm early:

“You can see the narrative changing around Ethereum right now. And in my opinion it will be obvious in hindsight. But most are too jaded.”

Pentoshi
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If you’re not familiar with Pentoshi, he’s a technical analyst who regularly posts his charts, trades, and macro predictions on X.

So what’s he seeing?

• Public companies will soon have bought all ETH issued since the Merge 🧾
ETH’s market cap is just 1/9th of BTC - much easier to move with less capital ⚖️
Institutional capital is already starting to flow in 💸
• Tom Lee’s Fundstrat is quietly onboarding companies to Ethereum 🧑‍💼

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The takeaway?

Put your bias aside. Forget the past.

ETH is waking up - and the signs are all around you.

  • You don’t have to overthink it.

  • You don’t have to time it perfectly.

Just don’t ignore what’s right in front of your eyes. 👀

This move could be massive. 🚀

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THIS METRIC ONLY GOES 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.

  • 🟢 Increased stablecoin supply: increased demand and capital inflows into the digital asset space 🐂

  • 🔴 Contractions in stablecoin supply: net capital outflows from digital assets 🐻

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Two weeks ago, the total stablecoin supply was $223.34 billion.

Today?

It’s jumped to $227.11 billion - a $3.77 billion surge in just 14 days.

But that’s not all…

Earlier this week, the stablecoin supply hit a new all-time high of $227.32 billion.

That caps a $42 billion increase since January 1st.

So why does it matter?

Because stablecoins aren’t just digital dollars. They’re liquidity on standby.

Rising supply signals fresh capital entering the system - capital that hasn’t yet been deployed.

And historically? Stablecoin expansions lead markets.

They don’t chase momentum. They spark it.

CRACKING CRYPTO 🥜

Cantor Fitzgerald SPAC to close $4 billion bitcoin deal with Adam Back. The deal would follow Cantor's first bitcoin financing deals on May 27, which closed with Maple Finance and FalconX. 

Sharplink Gaming (SBET) Holds $840M in ETH. The firm now holds 280,706 ETH after last week's purchases, funded from a $413 million capital raise.

Bitcoin bear Vanguard is now the largest shareholder of Strategy. Vanguard has long criticized Bitcoin, yet now holds the largest institutional stake in Strategy - a company known for its massive BTC holdings.

Coinbase's $100 billion milestone sparks trillion-dollar company speculation. Coinbase's trajectory likened to Amazon and Netflix, leading to speculations it could become a trillion-dollar player.

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”)

In the first year after Bitcoin launched, who were the only two people known to be actively using the network?

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MEME CORNER 😂

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

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Trivia Answer: Satoshi Nakamoto and Hal Finney 🥳

Satoshi and Hal Finney were the earliest users - Hal received the first-ever Bitcoin transaction from Satoshi in January 2009. The true OG moment. ⛏️📩

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NUTCASE REVIEW OF THE DAY 🔍

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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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