GM to the winners club. Crypto Nutshell Pro #80 divin’ right in… 🧙🥜

If you’re new here, each Crypto Nutshell Pro is broken down into 2 sections:

The goal?

Help you understand exactly where we are in the cycle.

By now, you should have read through the following page: Read This First

(Click the button at the bottom of the page to continue the welcome series - there are 4 pages in total to read)

These give you a broad overview of the Crypto Nutshell Pro Portfolio and how we’re looking to play the second-half of this bull run.

And in case you missed last weeks Nutshell Pro, you can check that out here.

Now, let’s jump in…

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Please note that this information is exclusive to Crypto Nutshell Pro members, so refrain from sharing it. You are free to use it as you wish—whether as a starting point for your own research, as a tool to enhance your research skills, or simply to track how things unfold.</sub>

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Bitcoin is down ~5% this week, back around $76,000. Ethereum fell harder, down ~7% to around $2,050.

$320 million in longs got liquidated in a single hour on Friday.

The culprit? The SEC delayed its plan to allow tokenized versions of US stocks on regulated exchanges.

One decision wiped $42 billion from crypto markets in minutes.

Meanwhile, Kevin Warsh was officially sworn in as the 17th Chair of the Federal Reserve. Trump told him to "be independent" in one breath, then said he wants rates to "plummet" in the next.

Consumer sentiment just hit the lowest level in recorded history, going all the way back to 1952.

And the CLARITY Act missed its May window as the Senate left for recess.

On the surface, this looks like a pretty terrible week.

Underneath, the most important structural shift in a decade just locked into place.

Let's get into it. 👇

This is the biggest macro event of the year. Full stop.

Kevin Warsh was sworn in as Fed Chair on Thursday in the East Room of the White House. Treasury Secretary Scott Bessent congratulated him publicly, calling it "a new chapter at the Federal Reserve with accountability, strong management, and sound policymaking back at the forefront."

Warsh's remarks were deliberate. He pledged to lead a "reform-oriented Fed" focused on "escaping static frameworks and models."

He referenced Alan Greenspan, who was sworn in at the same spot in 1987, and vowed to lead "with energy and purpose, just the way Chairman Greenspan did."

He did not mention Ben Bernanke, the chair he actually served under.

That is the signal.

Greenspan ran the economy hot during the late 1990s productivity boom. He saw the IT investment cycle generating real efficiency gains, concluded the economy could grow faster than conventional models predicted without inflation spiralling, and held rates lower for longer. He let asset prices run. He gave the expansion 4 extra years of compounding.

Warsh is telling you he's going to run the exact same playbook with A.I replacing I.T as the productivity engine.

At the swearing-in, Trump laid it out bluntly: "We want it to boom. We want it to be like nobody has ever had before because we do have some debt we'd like to take care of."

He said the other FOMC members "make their own decisions, but they'll be listening to Kevin all the way."

Warsh and Trump have been saying the same thing for months now. A.I is going to make almost everything cost less. We're at the front end of a productivity boom. Economic growth won't be inflationary. We're in the early innings of a structural decline in prices.

Here's the translation for crypto:

The man now running the Federal Reserve believes the economy can run hotter than anyone thinks without causing inflation.

His first FOMC meeting is June 16-17. Don't expect a cut immediately. But watch his language. If he starts shifting the institutional framework from headline CPI to core inflation, and from a rigid 2% target to a "longer-run average," that's the Greenspan pivot being installed in real time.

Warsh's confirmation was 54-45, the closest Fed Chair vote in history. Jerome Powell will stay on as a board governor. But the direction is set.

The regime just changed.