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:

• The SEC denied BlackRocks Bitcoin EFT application??? 😅

• Bitcoin is going to $1 Million ?!? 💰

• Crypto is being hailed as a lifeline for Africa 🛟

• 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.

🚨 SEC Says Spot Bitcoin ETF Filings Are Inadequate. 🚨

Recent filings from BlackRock, Fidelity and others are stated as not being clear and comprehensive enough…

This is pretty big news for Bitcoin and will most likely result in a short term price dip 📉

However, no need to to go full blown panic mode just yet. BlackRock and others can simply refile their applications. 😌

Expert Opinion of the day - James Lavish

Today’s expert of the day is James Lavish, a well known Bitcoin advocate and Co-Managing Parter at the Bitcoin Opportunity Fund.

In his latest interview with Kitco News, Lavish, a mastermind who traded his hedge fund manager hat for the world of Bitcoin, revealed that he believes by the year 2025, 12 months after the Bitcoin halving, Bitcoin will be trading beyond $70,000 per coin.

He then goes on to predict a $1 Million dollar bitcoin price by 2033, 10 years out. 🤑

Full interview with Kitco News

On Chain Data 📊

Lets take a quick look at the most recent on chain data.

As the US crypto space walks a regulatory tightrope, it's Asia that's stealing the limelight with an array of positive developments, particularly in thriving hubs like Hong Kong.

Meanwhile, concerns about Binance US are fuelling an exodus towards offshore trading venues. In a nutshell, it appears that while the US navigates the regulatory maze, the crypto world's center of gravity is shifting eastwards.

In a surprising twist of financial fate, Bitcoin's kinship with the tech-saturated Nasdaq tumbled down to a mere 3% this June. This marks their lowest level of correlation in almost three years.

It appears Bitcoin is strutting its own path, subtly reminding us that it's more than just a cog in the tech market machine.

Cracking Crypto 🥜

Crypto trading in the UK officially becomes a regulated financial activity, following King Charles' Royal Assent on the Financial Services and Markets Act 2023. The law, which serves as a cornerstone to the UK government's vision of an advanced, sustainable financial sector, not only provides a regulatory framework for safe crypto adoption but also paves the way for 'sandboxes' to nurture new technologies like blockchain.

CME Group is stepping up its cryptocurrency game by planning to launch Ether/Bitcoin Ratio futures on July 31, marking another milestone in the evolving crypto futures market. The move is designed to leverage potential relative value trading opportunities between Ether and Bitcoin, whose market dynamics may now present distinct differences.

Cryptocurrency is being hailed as a lifeline in Africa, offering an escape from hyperinflation and corruption and bringing real-world solutions. The rapid growth of crypto in Africa is due to its utility in international payments, aiding financial inclusion, and serving as a hedge against inflation.

President Joe Biden, during a speech in Chicago, lauded his economic policies, colloquially termed "Bidenomics", emphasizing the need to close tax loopholes for crypto traders among other actors.

Trivia Time❓✍️

_____, was the first game to be built on the Ethereum network

• A) CryptoKitties

• B) Minecraft

• C) Gods Unchained

• D) Call of Duty: Modern Warfare 2

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: A) CryptoKitties 🎉

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.r