GM and welcome to The Crypto Nutshell! 🥜 Your daily dose of crypto with expert analysis, on-chain data, and the latest news. Get it all compactly delivered to your inbox EVERY single day! Today we’ll cover:

• Recap of the most recent global regulation developments 🌎

• Michael Saylor’s warning against USD 🛥️

• Bitcoin exchange volume is on the come up? 👆

• And more…

MARKET WATCH ⚖️

Ready to rumble? 🥊

Let's pull back the curtain on Bitcoin and Ethereum's market prices, while also unearthing today's juiciest crypto news. Get set, it's showtime!

Lets explore some of the recent crypto regulations that have been implemented around the world. 🌍

The United States

• The SEC recently charged major crypto exchanges Coinbase and Binance for alleged securities law violations, accusing them of operating as unregistered brokers.

• The Commodity Futures Trading Commission charged Binance over allegations of commodity violations, including enabling U.S. citizens to use its crypto platform without agency registration.

Europe

• Recently, the United Kingdom announced cryptocurrency as a regulated financial activity.

• The European Union has enacted the Markets in Crypto-Assets (MiCA) regulations, establishing a unified governance system for digital assets throughout the region.

Asia

• The Japan Virtual and Crypto Assets Exchange Association has been pushing for relaxed margin trading rules to boost the markets growth.

• Japan's tax authority has recently excused crypto issuers from paying corporate tax on unrealised gains.

• Singapore's central bank has recently prohibited lending and staking for retail investors

Dubai

• Facing regulatory challenges in the U.S., Ripple and Coinbase are planning to expand to Dubai, leveraging its clear crypto regulations and financial hub potential.

The recent global regulatory actions suggest a decisive shift in nations' approach to crypto integration, indicating a potential global reorientation for those who've embraced these technologies.

EXPERT OF THE DAY - MICHAEL SAYLOR 💸

 Michael Saylor believes if you keep your money in this specific asset, you are going to lose 99% of your wealth.

That asset - Cash.



The US dollar - the reserve currency of the world and supposedly the strongest dollar - has lost 95% of its value against consumer goods in the past 100 years. 

 😲

When you look at the US dollar versus gold, a scarce commodity - USD has lost 99% of it’s value against gold since 1923. 

😨

Something even more scarce? The USD has lost 99.8% of its value against the S&P since 1923.😱

There’s only one answer to this problem…

Michael Saylor - The Future of Bitcoin (BTC Prague 2023 Keynote)

ON CHAIN DATA DIVE 📊

Time to dive headfirst into the the latest on-chain data and see what insights we can discover. 🤿

Exchanges have truly been in the fast lane this year, seeing their throughput skyrocket. Starting the year with a modest volume of $875M, they've raced all the way to a striking $2.24B - a whopping surge of 164%.

Despite this impressive acceleration, it's worth noting that we're still trailing a considerable $3.86B (-63.3%) behind the all-time high of $6.1B, achieved in the dazzling 2021 Bull Market.

Wrapping it up, the exchange scene today is hustling and bustling, showing off its resilience and verve. Yet, the glitz and glory of 2021 is like that enigmatic high score in an arcade game – a challenge, a tease, and a heck of a benchmark to beat. 👾

CRACKING CRYPTO 🥜

Ripple executives commend the UK's new crypto regulation, declaring it surpasses US efforts in this field. Amid US regulatory turmoil, the UK is cementing its position as a leading crypto hub.

Two Canadian teens have been arrested after allegedly stealing $4.2M in cryptocurrency by masquerading as Coinbase support. This latest incident heightens concerns about crypto scams, adding to the pressure on exchanges to bolster user security measures.

Bitcoin's price movements are no longer correlated to the U.S. stock market, marking the lowest connection since July 2021. This shift, along with a surge in investor interest in Bitcoin exchange-traded products, underscores Bitcoin's growing autonomy as an asset class.

Mark Cuban and ex-SEC official John Reed Stark disagree over FTX's collapse, with Cuban blaming lack of clear regulations and Stark pointing to firms' resistance to new rules.

TRIVIA TIME ✍️

Who wrote Ethereum's whitepaper in 2013? 📝

• A) Satoshi Nakamoto

• B) Charles Hoskinson

• C) Mark Cuban

• D) Vitalik Buterin

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) Vitalik Buterin 🎉

In late 2013, Vitalik Buterin, a programmer and co-founder of Bitcoin Magazine, first introduced Ethereum in a whitepaper where he proposed a method for creating decentralised applications.

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.