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- 🥜 Fiat money
🥜 Fiat money
PLUS: Timeline revealed
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GM to all of you nutcases. It’s Crypto Nutshell #652 rollin’ in… 🛞🥜
We're the crypto newsletter that's more thrilling than solving a deadly riddle in a city riddled with corruption... 🧩🌆
What we’ve cooked up for you today…
🏦 Timeline revealed
🧂 What the hell is fiat?
📈 Consistent growth
💰 And more…
Prices as at 3:55am ET
TIMELINE REVEALED 🏦
BREAKING: Key U.S. Senator Tells White House Crypto Market Structure Bill Will Be Done by Sept. 30
The clock is ticking in Washington…
And over the next 90 days, the future of crypto in the U.S. could change forever.
Senator Tim Scott, Chair of the Senate Banking Committee, has locked in a deadline:
The digital asset market structure bill must be finished by September 30.
That’s later than Trump’s preferred August target…
But it’s still fast - and momentum is building.
In a joint appearance with Senator Cynthia Lummis and White House crypto adviser Bo Hines, Scott made his intent clear:
“I believe we can do both [stablecoins and market structure] in a very time-sensitive manner.”
Lummis agreed:
“You’re the chairman, and we will do as you wish.”
The Senate has already passed the GENIUS Act, a landmark stablecoin bill that mandates full USD backing, annual audits, and strict rules for issuers.
But the House has yet to act and it’s unclear whether they’ll align with the Senate version or push for their own.
Trump, meanwhile, is pushing hard.
He wants the GENIUS Act “on his desk ASAP.”
Why the rush?
Because U.S. crypto leadership is now sending shockwaves across the globe.
A new report reveals that the EU is reversing its stance on USD stablecoins, preparing to allow foreign-backed tokens like USDC and USDT to flow freely across Europe.
Moody’s calls it a direct result of U.S. pressure:
“What happened in the U.S. is reverberating across the globe.”
This is more than legislation.
It’s a global race for crypto dominance.
Asia, the Middle East, and the UK are watching.
The U.S. has a chance to lead… Or risk falling behind…
The Bottom Line:
America is on the verge of reshaping crypto’s regulatory foundation.
Between the mortgage integration push and now this legislative sprint, one thing is clear:
It’s no longer a matter of if. Just when.
If Scott’s deadline holds, we’re heading into a September showdown - one that could unlock the next wave of institutional capital, global clarity, and mainstream adoption.
The door is open. But not for long. 🧠💼
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WHAT THE HELL IS FIAT? 🧂
Matt Hougan just dropped a killer investor memo - and it’s one of his best yet.
The message?
People are waking up to just how insane fiat money really is.
For 50+ years, we’ve been swimming in a system where governments can print currency out of thin air.
Most never questioned it. But now?
That’s starting to change.
Why?
Because central banks - the most conservative investors on Earth - are buying record amounts of gold.
They see what’s coming:
Fiat is being abused 🖨️
Debasement is accelerating 📉
Confidence is cracking 🫨
What are they buying instead?
Assets that are:
Scarce 💎
Global 🌍
Outside gov control 🛑
Sovereign to hold 🔐
Gold fits.
But so does Bitcoin.
In fact?
Since January 2024:
Bitcoin ETFs = $45B inflows 📈
Gold ETFs = $34B inflows 📉
Governments don’t own much Bitcoin yet - they’re too slow, and the market’s still too small.
But retail?
Already front-running the shift.
Final Take:
Stocks and bonds won’t save you if fiat breaks.
But Bitcoin might.
Because this isn’t just a new asset class.
It’s a new lifeboat. 🛟
CONSISTENT GROWTH 📈
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 53,021,236 wallets holding some amount of Bitcoin.
That’s 82,781 new wallets in the past two weeks alone.
A healthy climb… but step back and the trend is even stronger:
Nearly half a million wallets have joined the network this year - 497,699, to be exact.
The takeaway?
Bitcoin’s network is expanding.
Adoption is accelerating.
And momentum is building on itself.
Behind the price action, long-term conviction keeps growing.
CRACKING CRYPTO 🥜
Metaplanet shares slide 5% as new buy flips Tesla in Bitcoin holdings. Metaplanet surpasses 12,000 BTC, outpacing Tesla in corporate holdings with ambitious plans for expansion.
US judge denies Ripple, SEC joint request to reduce $125M penalty. US district court judge Analisa Torres denied a joint petition from Ripple and the SEC to reverse the district court's initial rulings in the case.
Coinbase Stock Soars Highest Since 2021 Nasdaq Debut. The digital asset exchange's share price completed a four-year roundtrip after having plunged 90% during the crypto winter.
Upexi plans to tokenize its shares via Superstate's Opening Bell. Upexi also disclosed that it maintains 735,692 SOL holdings, valued at around $105 million at current prices.
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”)
What was the main change introduced by Ethereum’s EIP-1559 upgrade in 2021? |
MEME CORNER 😂
Because what would the crypto world be without its share of memes?
Trivia Answer: Implemented automatic gas fee burning 🥳
EIP-1559 made gas fees more predictable and burned a portion of every transaction fee, introducing a deflationary force into Ethereum’s economy. 🔥🪙
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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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