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GM to all of you nutcases. It’s Crypto Nutshell #639 keepin’ calculated… 🧠🥜

We're the crypto newsletter that's more chaotic than a family reunion hosted by time-traveling superheroes... ⏳🦸‍♂️

What we’ve cooked up for you today…

• 🏦 We’re so back

• 🛟 The life raft

• 🔥 The streak lives

• 💰 And more…

What’s in the Crypto Nutshell Portfolio?

WE’RE SO BACK 🏦

BREAKING: Bitcoin Soars Above $110K, Nearing Record as Ethereum and Dogecoin Rise

We’re so back…

Just days ago, Bitcoin was clinging to support at $101K.

Now?

It’s roaring above $110,000 - less than 2% from its all-time high.

Ethereum’s surging too, up 8.23% to reclaim $2,690.

And it’s not just the majors…

• Solana is back near $160

• SUI pumped over 6.3%

• Even Dogecoin and Shiba Inu jumped 6.3% and 4.4% respectively

But not everyone was positioned for the bounce.

Over $323 million in short positions were liquidated in the last 24 hours - with $196 million coming from Bitcoin alone. (Pro Tip: Stay away from leverage)

So what’s driving this rally?

BlackRock’s Bitcoin ETF Just Made History

While markets rallied, BlackRock’s IBIT became the fastest ETF in history to hit $70 billion in assets under management.

It took just 341 trading days.

That’s 5x faster than SPDR Gold Shares (GLD), which needed 1,691 days to hit the same milestone.

And if that didn’t already sound crazy enough, check out the chart below:

IBIT now holds 661,457 BTC - making it the largest institutional holder in the world:

• Bigger than Binance (629,190 BTC)

• Bigger than Strategy/MicroStrategy (582,000 BTC)

• And closing in on Satoshi Nakamoto’s 1.1 million BTC stash

As ETF analyst Eric Balchunas put it:

That quote says it all.

It’s not just a success.

It’s literally one of the most successful ETFs of all time.

Bitcoin is becoming a serious asset class - fast.

And BlackRock’s success is the clearest signal yet:

This isn’t a speculative bubble.

It’s the beginning of something much, much bigger. 🚀

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THE LIFE RAFT 🛟

Raoul Pal just broke it down:

There’s one force driving everything right now:

• Not inflation.

• Not elections.

• Not even the Fed.

It’s demographics.

And it’s pushing us toward one inevitable outcome.

Who is Raoul Pal?

• Former Goldman Sachs exec and hedge fund manager 💼

• Founder of Real Vision 🧠

• One of the most forward-thinking macro voices in the space 📊

In his latest post, Raoul explained why governments are trapped:

• Aging populations = slower GDP growth 👴

• But interest payments are still growing 💸

• So governments borrow more just to stay afloat 🏦

• Eventually, there’s not enough cash flow to service the debt 🧾

What happens then?

They have to start printing. Quietly.

That’s what Fed Net Liquidity really is - stealth money printing to buy time.

So what happens next?

• Currency inevitably gets debased.

• Scarce assets rise in price.

Bitcoin becomes the life raft.

Because unlike fiat, Bitcoin…

• Isn’t tied to failing demographics 🚫👵

• Offsets 8% debasement per year 📉

• Grows faster than the system can suppress it 🚀

Bitcoin isn’t just an asset - It’s the escape hatch from a broken system. 

Make sure you have some. 🛟

THE STREAK LIVES 🔥

For the eighth week in a row, digital asset funds saw net inflows of $224 million.

This pushes the 8-week run of inflows over $11 billion.

Let’s break it down.

For the second week in a row, ETH led all digital assets with $295.4 million in inflows.

That’s the strongest two-week streak Ethereum’s had since the U.S. election last November.

Meanwhile…

• Bitcoin saw another $56 million in outflows — its second straight week in the red

• Sui attracted a modest $1.1 million in inflows

• XRP notched a third week of outflows, now totalling $6.6 million

The U.S. came out on top again this week, with net inflows of $175 million.

Germany followed with $47.8m, then Switzerland ($15.7m) and Canada ($9.8m).

Whilst Hong Kong marked an end to record inflows with $14.6 million in net outflows for the week.

As the first chart in this section shows, inflows have slowed sharply over the past two weeks.

According to CoinShares, this reflects a clear shift in sentiment - investors are taking a cautious, wait-and-see approach as they await fresh signals from the Federal Reserve on inflation.

All eyes now turn to the Fed’s next meeting on June 18th.

But…

Today’s rally could already have swung investor sentiment sharply…

CRACKING CRYPTO 🥜

Circle's CRCL stock skyrockets 22% in pre-market trading amid fervent institutional interest. Japan-based SBI Holdings' $50 million investment in Circle highlights institutional faith in stablecoins and their role in mainstream crypto.

U.S. SEC Chair Says Working on 'Innovation Exemption' for DeFi Platforms. In a final SEC crypto roundtable, the securities watchdog dug into decentralized finance, with Chairman Paul Atkins promising efforts to ease developers' path.

Paraguay warns of ‘irregular activity’ after post claiming BTC is legal tender. An X post by Paraguay’s President Santiago Peña claimed the country had recognized Bitcoin as legal tender, but the official government account soon urged users to “dismiss any recently published content.”

Uphold exploring IPO while courting XRP-avid US consumers, CEO says. Whether through IPO or sale, Uphold is seeking a valuation north of $1.5 billion, a person familiar with the matter told The Block.

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? ✍️

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MEME CORNER 😂

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

Trivia Answer: Proving something is true without revealing the underlying data 🥳

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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.