GM to all you crypto nutters. Crypto Nutshell #372 packin’ our bags.. 🛍️ 🥜

We’re the crypto newsletter that’s more intense than a mission to save a paratrooper in wartime... 🌊🎖️

What we’ve cooked up for you today…

• 🏦 Ethereum ETFs delayed

• 🌠 Why Bitcoin will hit $10 million

• 🤔 Ethereum Inflationary?

• 💰 And more…

MARKET WATCH ⚖️

Only the top 20 coins measured by market cap feature in this section

ETHEREUM ETFs DELAYED 🏦

BREAKING: Spot Ethereum ETF launch delayed by SEC comments

The Ethereum ETFs have been delayed. (slightly…)

Reports from The Block indicate that the SEC has returned the required S-1 filings to issuers with minor comments.

The issuers now have to address these comments from the SEC and refile them by July 8.

But don’t worry, this is all part of the process…

Analysts are still expecting them to launch soon.

ETF analyst James Seyffart explained the current situation:

With these comments by the SEC now coming in, Seyffart is predicting the ETFs will launch the week of July 8.

Not long to go now…

BECOME A BETTER CRYPTO INVESTOR 🧠

We write the Crypto Nutshell every single day to keep you informed.

However, crypto is such an life-changing opportunity, we know we have to do more.

That’s why we have the official Crypto Nutshell Youtube channel.

All so you can dominate crypto in 2024 & 2025. 🫵

Today, we interviewed investing expert Larry Lepard. (more on this in the next section)

If you want to become an even better crypto investor, head on over here & subscribe. Completely free, as always.

(you'll also make our day ❤️ )

P.S. To celebrate getting Larry on for an exclusive interview, we are again giving away $100 in crypto to 3 lucky readers.

To enter:

1. Head on over to the Crypto Nutshell Youtube channel & hit subscribe! (if you haven’t already!)

2. Check out our latest video, with Larry Lepard. Hit that like button & drop a comment on the video.

3. When finished, submit the below poll with a ‘done!’ 👇

That’s it!

We’ll randomly draw winners in 48 hours from now & shoot you an email!

P.S. Throughout the Larry Lepard interview, we cut to 2 ‘alternative’ camera shots.

There are 2 ‘Joms’ camera angles, if you include the timestamps in which they appear in you poll response, we’ll 10x your entries to win! (no, that wasn’t a typo, we’ll literally 10x your entries)

WHY BITCOIN WILL HIT $10 MILLION 🌠

This week, we had the pleasure of interviewing Larry Lepard.

And it’s a doozy…

Larry was on fire, dropping bombs like the following:

For those of you who don’t know Larry, he’s:

• Founder & Managing Partner of Equity Management Associates 💰

• Graduated from Harvard, with 40 years of investing experience 🎓

• Huge sound money advocate (money that cannot be printed) 🥇

Although we can’t break down our full interview, here are 3 highlights:

Is it too late?

A common misconception with Bitcoin is that it’s too late to get in now.

Some argue that the bulk of the gains have already been made.

But that couldn’t be further from the truth.

Here’s what Larry had to say:

Bitcoin solves the money problem

Monetary debasement has been a constant problem humans have faced ever since the creation of “money”.

Every single form of money ever created has been debased. It’s just a fact of life.

But - Bitcoin solved it.

Bitcoin was the invention of provable digital scarcity.

Cycle price prediction

We know you guys love price predictions so we made sure to get Larry’s thoughts.

Here’s where Larry thinks this cycle is heading:

For the rest of the insights - you’ll have to check out the full interview here.

We’d highly recommend giving it a full watch.

And if you drop a like & subscribe, we’ll love you forever. 🫡

ETHEREUM INFLATIONARY? 🤔

Here’s an interesting one for you…

Ethereum’s average gas price (transaction fee) just hit it’s lowest point in over 5 years.

Some might think this is due to decreasing network activity, but that’s not the case…

In fact it’s quite the opposite…

Ethereum’s daily transaction count has never been higher.

How’s that possible?

Well it’s due to the rise of Layer 2 networks. These L2’s are built on top of Ethereum with the aim of reducing transaction fees and increasing transaction speed.

Essentially a MUCH cheaper and faster way to interact with the Ethereum network.

The rise of L2’s has resulted in a significantly increased transaction count and an increasing user base for the Ethereum network.

Right now, over 8.6 million distinct addresses are interacting with one or more L2’s every week.

This increase in L2 network activity was planned all along as a scaling solution to Ethereum.

Earlier this year, Ethereum launched its Dencun upgrade, which reduced transaction fees for L2’s even more. (they were already miles cheaper than transactions on the mainnet)

The chart below shows transactions per second on Ethereum. (currently at 262 TPS)

And as you can see the scaling factor is currently at 20.58x.

Which means Ethereum’s network capacity has increased by 20.58x since launch.

That’s BIG.

BUT…

Due to the way Ethereum works, lower gas prices mean less ETH burnt. 🔥

Which results in Ethereum becoming inflationary. And that’s exactly what we’ve seen recently.

Over the last 30 days, ETH has been inflationary at a rate of 0.485%

However, if you zoom out just a little you’ll notice that since ‘The Merge’, Ethereum has been deflationary at a rate of -0.157% per year.

As L2’s continue to grow, they’ll take up more and more of Ethereum’s blockspace. (potentially driving fees higher and higher)

The end result ideally would be L2’s enabling cheap and efficient transactions, whilst ETH continues to be deflationary.

Regardless, increased network activity and a growing user base is a bullish sign.

And the ETFs are only just around the corner…

CRACKING CRYPTO 🥜

Judge dismisses counts related to BUSD, BNB sales in SEC-Binance lawsuit. The SEC lawsuit against Binance and its co-founder Changpeng Zhao (CZ) is set to proceed after a Friday ruling.

Runes TXs on Bitcoin have tanked over 88% this month. Runes transactions on Bitcoin have hit rock bottom, falling nearly 90% this month and now only comprise 5-11% of all Bitcoin transactions.

U.S. Treasury Issues Crypto Tax Regime For 2025, Delays Rules for Non-Custodians. The IRS has now set up its reporting system for crypto brokers.

Coinbase Derivatives Becomes First U.S. Exchange to List Regulated Futures for SHIB, LINK, AVAX, XLM, and DOT. Coinbase Derivatives has officially filed certifications with the CFTC to list US-regulated futures for several cryptocurrencies.

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

• Crypto Pragmatist (link) - Actionable alpha 3x a week

• The Hustle (link) - Get Smarter on Business and Tech

• Your Next Breakthrough (link) - Personal growth with Mark Manson

• Wild Golf (link) - Twice weekly Golf insights & tips

• 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”)

MEME CORNER 😂

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

Trivia Answer: A) USDT 🥳 

USDT currently has a market cap of $112.6 billion

GET IN FRONT OF 64,000+ CRYPTO INVESTORS

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HOW DID WE DO? 🤷

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NUTCASE REVIEW OF THE DAY 🔍

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.