GM and welcome to The Crypto Nutshell 🥜, the newsletter that captures the electrifying essence of the cryptocurrency world in a bite-sized package, delivering all the latest updates and trends straight to your inbox every single day.

Today we’ll cover:

• Michael Saylor purchased HOW MUCH BTC ?!? 👀

• The best time to buy BTC according to this hedge fund manager 📈

• Why BTC HODLers are standing strong 💪

• And more…

Market Watch

Let's kick off this edition of The Crypto Nutshell with a glimpse into the market's pulse. We'll provide updates on the top cryptocurrencies, market trends, and significant price movements.

From Bitcoin's dominance to altcoin rallies, we'll decode the market's mysteries and help you make sense of it all.

Headlining the crypto news cycle once more, MicroStrategy, and the ever-bitcoin-bullish Michael Saylor, has thrown down the gauntlet with a bold new Bitcoin purchase, acquiring an additional 12,333 BTC for a total of 152,333 BTC.

Maple Finance is stepping up to fill the lending void in the wake of multiple Web3 lenders' bankruptcies with the launch of a direct lending program.

Using its own credit underwriting expertise, Maple aims to serve the unmet needs of Web3 technology firms, who often struggle to secure loans from traditional lenders. Link to article for more details.

Expert Opinion of the day - Mark Yusko

Today, let's focus today on the words of Mark Yusko, the driving force behind Morgan Creek Capital Management, a top-tier investment firm advising pension funds, endowments, and affluent individuals.

Mark Yusko believes that investors and crypto believers have a 10-11 month window to accumulate as much Bitcoin & Crypto as they can NOW before the exponential move upwards comes in 2024.

On Chain Data 📊

Time to switch gears with some on-chain data. Bitcoin is feeling the love and it's not going anywhere anytime soon. With a whopping 194.5K BTC per month making a beeline for wallets that hardly ever part with their precious coins, we're seeing a steadfast 'HODL' anthem echoing across the crypto universe.

The takeaway? It's a good time to be a Bitcoin holder; keep calm and HODL on! Source.

Taking a closer look at the data, BTC dominates US exchanges, representing nearly 50% of the volume, a surge likely influenced by the bullish Blackrock ETF news.

However, BTC's influence shrinks to just 33% on offshore exchanges In other words, Bitcoin appears to be the star of the show, but primarily in the US. Source.

Cracking Crypto 🥜

MicroStrategy bolsters its Bitcoin portfolio with an additional 12,333 BTC, pushing the total value of its holdings to an impressive $4.6 billion. With an average purchase price of $29,668 per Bitcoin, the firm stands at a slight profit, a testament to their faith in Bitcoin amidst regulatory scrutiny.

Tether has joined forces with the Government of Georgia to establish the country as a thriving blockchain industry hub, attracting investment and fostering innovation. This strategic collaboration aims to create favourable conditions for peer-to-peer technology, stimulate startup growth, and position Georgia as a key player in the global blockchain movement.

SEC Commissioner Hester Peirce, also known as "Crypto Mom," advocates for a more flexible regulatory approach to cryptocurrencies, arguing that U.S. crypto laws should not treat every use of the technology as financial.

Italy's central bank has urged for a robust, risk-based regulatory framework for stablecoins to prevent potential "runs," and to manage the risks associated with its prominent role in the decentralised finance (DeFi) sector. While not advocating for the regulation of all crypto activities, the bank emphasised the importance of international cooperation in creating regulatory frameworks, given that blockchain technology operates beyond national borders.

Trivia Time❓✍️

Who created Bitcoin?

• A) Sam Bankman-Fried

• B) Satoshi Nakamoto 

• C) Craig Wright

• D) Michael Saylor

Find out the answer at the bottom of this newsletter 😀

Meme Corner 🤣

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

Trivia Answer: B Satoshi Nakamoto 🎉

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.