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- 🥜 New All-Time High
🥜 New All-Time High
PLUS: Is Ethereum dead?
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GM to all of you nutcases. It’s Crypto Nutshell #626 clockin’ in… ⏱️🥜
We're the crypto newsletter that's more emotional than a young jazz drummer pushed to his absolute limits in search of greatness... 🥁💢
What we’ve cooked up for you today…
🤑 Bitcoin crosses $111,000
🧟♂️ Is Ethereum dead?
📈 Another record
💰 And more…
Prices as at 4:30am ET
BITCOIN CROSSES $111,000 🤑
BREAKING: Bitcoin continues rally to surpass $111K for the first time
It’s official…
Bitcoin just set a new all-time high of $111,861.22! 🥳
But here’s the thing…
This surge isn’t driven by hype.
In fact, retail interest is nowhere to be found.
This rally is fuelled by corporate treasuries, ETF demand, and Wall Street finally stepping in.
BlackRock’s IBIT ETF pulled in over $530M yesterday - more than 10x the BTC mined that day.
Total ETF inflows for May have topped $3.6B, pushing total assets past $122B.
JPMorgan is now offering Bitcoin to clients. The same JPM that once called crypto a scam.
Public companies like Strategy, Metaplanet, and Twenty One Capital are accumulating Bitcoin en masse. Strategy alone now holds over 576,000 BTC.
Roshan Robert, CEO of OKX US, put it perfectly:
“A confluence of factors is driving this rally - corporate reserve strategies, surging ETF inflows, macro uncertainty, and favourable regulation… Combine that with Bitcoin’s inherent scarcity… and you’ve got the perfect storm.”
And here’s the wild part:
The Fed hasn’t even cut rates yet.
Analysts believe ETF demand could accelerate once rate cuts land - unlocking even more institutional allocation.
Meanwhile, bond market chaos, a weakening dollar, and rising geopolitical tension are pushing capital into Bitcoin as a hedge.
Investor sentiment has truly flipped.
If this setup holds, analysts are calling for $160K to $210K by year-end.
And longer-term?
Some are projecting $1 million by 2030. (We broke that down in Monday’s issue)
The only question now: how far does this run go? 🚀
But we want to hear from you…
How high do you think Bitcoin will go in 2025?
Let us know your thoughts in the poll below. 👇️
How high do you think Bitcoin will go in 2025? |
What Top Execs Read Before the Market Opens
The Daily Upside was founded by investment professionals to arm decision-makers with market intelligence that goes deeper than headlines. No filler. Just concise, trusted insights on business trends, deal flow, and economic shifts—read by leaders at top firms across finance, tech, and beyond.
IS ETHEREUM DEAD? 🧟♂️
After months of pain, Ethereum has quietly ripped 53% off the lows - and Matt Hougan is asking the right question:
“Should you diversify beyond Bitcoin?”
Bitcoin is King - But It’s Not Everything
Matt still sees Bitcoin as “digital gold” - the only crypto asset with a real shot at becoming global money.
But blockchains are like the internet: A general-purpose technology.
Just like in 2004 you wouldn’t only bet on Google…
Today, you probably shouldn’t only bet only on Bitcoin.
Ethereum. Solana. Chainlink.
They all do different things - and offer different return profiles.
The Case for a Basket
Bitcoin is the monetary layer.
But other chains are building the financial internet - with real-world assets, DeFi, middleware, & more.
“Which will be the best performer by 2030? No one knows. That’s why you diversify.”
Crypto Asset Performance, 2020-2024
Final Take
If you think blockchains are just for money - you should only buy Bitcoin.
But if you think the on-chain world is just beginning…
You’re going to want more than one horse in the race. 🐎
ANOTHER RECORD 📈
It’s time for another look at Ethereum’s supply side dynamics.
Today we’ll be focusing on the amount of Ethereum currently being staked.
Quick Note: Ethereum staking involves locking up ETH to support the blockchain’s security. In return, users earn rewards for staking.
If you’d like to learn more about staking, check out this article.
As of today, 61,633,972 ETH is staked.
That’s an increase of 638,925 ETH in just two weeks. (~$1.6 billion at today’s prices)
And yes… it’s another all-time high.
(At this point, this chart literally breaks its own record daily)
But here’s the real headline:
Over 51% of Ethereum’s total supply is now staked.
That means more than half of all ETH is locked away - held by investors who aren’t looking to sell anytime soon.
This is conviction.
This is tightening supply.
And this is the kind of setup that often front-runs explosive price moves.
CRACKING CRYPTO 🥜
World's 8th largest economy close to adopting Bitcoin reserve as Texas heads to final vote. Texas advances plan for Strategic Bitcoin Reserve with rare bipartisan support, setting a new precedent for state-level crypto adoption.
Stablecoins Are About to Hit ‘Critical Mass’ While 2027 Seen as Pivotal Year. At Paxos' NYC event, speakers across four panels agreed that stablecoins are reshaping global finance — with regulation and infrastructure fast catching up.
Blackstone buys $1M worth of Bitcoin ETF in first crypto bet. Alternative asset manager Blackstone snapped up $1 million worth of BlackRock's Bitcoin ETF for its first crypto-related buy.
World raises $135 million via WLD token sale to expand across the US. World plans to bolster its United States expansion as well as grow the World Network through the token sale.
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? ✍️
Select your answer below and you’ll be redirected to the results page. (answer explanation can be found after “Meme Corner”)
In most DAOs, how are decisions made? |
MEME CORNER 😂
Because what would the crypto world be without its share of memes?
Trivia Answer: Voted on by token holders 🥳
DAOs (Decentralised Autonomous Organizations) rely on community votes, where governance token holders propose and decide on everything — from code upgrades to treasury spending. 📜🗳️
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HOW DID WE DO? 🤷
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What did you think of today's Newsletter?Don't worry, you won't hurt our feelings... 🥲 |
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.
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