GM to all of you nutcases. It’s Crypto Nutshell #907 hangin‘ ten…🏄🥜

We're the crypto newsletter that's more vigilant than a smuggler hearing the clicker before the hallway loses the light… 🔦🍄

What we’ve cooked up for you today…

What’s in the Crypto Nutshell Portfolio?

BREAKING: Bitcoin, ether slide after a hawkish Fed, even as Trump's signed Iran deal lifts stocks

Kevin Warsh just ran his first Fed meeting.

And crypto did not enjoy the introduction…

Here's the twist: Trump picked Warsh hoping he'd cut rates.

The Fed held rates steady at 3.5–3.75%, exactly as expected. (The hold was never the story.)

The story was the dot plot.

Three months ago, the average Fed member was pencilling in a rate cut for 2026.

Now? Nine of the eighteen are projecting a hike, and the year-end forecast got bumped higher. Traders went from barely pricing a hike at all to roughly 60% odds of one by October.

That's not "higher for longer" anymore. That's a market suddenly bracing for tighter.

The reason is the one that's haunted crypto all year: inflation.

May CPI came in at 4.2%, the hottest since 2023, with the Iran-driven energy spike still feeding through.

Warsh leaned all the way into it, calling the committee "unambiguous and unanimous" on dragging prices back to target.

He even scrapped the Fed's forward guidance, which markets read as hawkish in its own right. No more dovish breadcrumbs to follow.

Bitcoin took it about how you'd expect.

BTC had pushed to roughly $66.3K intraday on the Iran-deal relief, then reversed back toward $64K once the projections landed. ETH and SOL slid with it, and crypto-linked stocks like Strategy and Coinbase closed in the red.

This isn't a fresh breakdown, though.

It's the same range-bound market we've watched all week, now digesting a Fed leaning the wrong way for risk assets. Bitcoin's shown it can absorb macro punches lately without falling apart. What it can't do is fight tightening liquidity forever.

The fairer long-term read: a Fed that actually kills inflation is good for everyone eventually.

If Warsh builds credibility early and prices cool, the next easing cycle starts from a cleaner place.

But that's a story for next year, not today. 🚀

AI is moving from experiment… to essential.

Every major industry is integrating it.
Every major company is investing in it.

By late 2025, AI was already an $800B market — growing at a pace that could push it well beyond $1 trillion in the years ahead.

Cloud infrastructure is scaling fast.
AI-enabled devices are multiplying.
Automation is becoming standard.

But here’s the real question…

When trillions flow into this transformation — which stocks stand to benefit most?

Our new report reveals 10 AI stocks positioned across the backbone of this shift — from the companies powering the infrastructure… to those embedding intelligence into everyday systems.

If you want exposure to one of the defining growth trends of this decade, start here.

Download the Report Now

When the largest corporate Bitcoin holder on earth calls this drawdown mild, it reframes the whole picture. Michael Saylor just did exactly that at Bitcoin Prague 2026.

Saylor is the Executive Chairman of Strategy, the largest corporate holder of Bitcoin in the world. And his read on the current market is the opposite of the panic you see online.

Here's the proof. He'd assumed that with Bitcoin sitting at its 200-week moving average, capital markets for a company like his would be largely shut. Instead?

2 weeks earlier, Strategy made one of the largest Bitcoin buys in its history. The capital markets are wide open. The bear scenarios are playing out far less badly than he was prepared for.

But the most striking stat was about his credit products. Bitcoin is down over 50% from its high. And in that same window, both SATA and STRC have delivered positive total returns.

Think about what that means. You can hold an instrument that survives a 50% Bitcoin crash, keeps your principal, and pays you income. That's the entire pitch for digital credit, proven in real time.

He also pointed out that Bitcoin dominance is now near 70%, grinding up from 40% since the FTX era. Confidence in the altcoins has collapsed. The monetary premium is being stripped out of everything that isn't Bitcoin.

His framing of the moment was simple.

Mild bear market. Open capital markets. Record buys. Rising dominance.

The noise says panic. The actions say accumulate. 🐻

Today we’ll be checking in on the amount of Ethereum available for sale on exchanges.

Here’s how to interpret this metric:

14.67 million ETH on exchanges. Down from 14.86 million two weeks ago.

That's a 190,000 ETH drop in a fortnight - and the drain is speeding up. Last edition balances slipped just 60,000. This time it's more than triple that.

A couple of editions back, balances bounced to 14.92 million and we wondered if the long withdrawal trend was stalling. Two straight declines later, that's answered. The pause is over, and ETH is leaving again - faster than before.

We're now closing back in on the recent 14.57 million low. Not a fresh floor just yet… but the direction is clear. More than 2 million ETH has come off exchanges since January.

The holders still withdrawing at this stage aren't reacting to price. They've decided… and they're executing regardless. The squeeze rolls on. 🐳

CoinFund, Coinbase Back Stablecoin Payments Startup Trace Finance in $32 Million Raise. Stablecoin infrastructure firm Trace Finance raised a Series A round to expand cross-border payment rails.

Kentucky targets prediction markets, puts red state in potential clash with Trump team. Kentucky is challenging prediction-market firms even as the Trump team argues states should not regulate platforms like Kalshi and Polymarket.

Blockchain.com deepens onchain stock offerings as tokenized equities market grows. Blockchain.com added 173 tokenized stocks and ETFs through Ondo as onchain traditional-asset access keeps spreading beyond Coinbase.

Strategy’s STRC preferred stock closes day 11% under par at $89. Strategy’s bitcoin-linked preferred stock closed at its lowest level since issuance, keeping treasury-model stress in view.

Want to get even smarter? Check these out.

p.s. all completely FREE (one click subscribe link)

Select your answer below and you’ll be redirected to the results page. (answer explanation can be found after “Meme Corner”)

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

Trivia Answer: Tokens unlock gradually over time instead of all at once. 🥳

Vesting schedules are often used for founders, teams, investors, or ecosystem grants. The goal is to stop a large allocation from becoming freely sellable on day one.

Advertise with Crypto Nutshell to get your product or brand in front of the crème de la crème of crypto investors. Crypto Nutshell readers are high-income earners who are always looking for unique or interesting offers.

Get in touch today.😎

We read every comment submitted in this poll and love to hear what you guys have to say. 😁 (bonus points for suggestions 🍪)

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.