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🥜 Something big
PLUS: Historic stablecoin bill passes
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GM to all of you nutcases. It’s Crypto Nutshell #627 sailin’ by… ⛵🥜
We're the crypto newsletter that's more heartwarming than a robot cleaning up Earth and falling in love among the stars... 🤖💫
What we’ve cooked up for you today…
🏦 Genius act passes
👨🍳 Something big is cooking…
📉 It keeps going lower
💰 And more…
Prices as at 4:00am ET
GENIUS ACT PASSES 🏦
BREAKING: Trump’s crypto czar David Sacks says stablecoin bill could create trillions of dollars in demand for US Treasurys.
One of the biggest stories in crypto flew under the radar this week…
The U.S. Senate just advanced the GENIUS Act, a landmark stablecoin bill.
And crypto insiders are calling it the biggest regulatory moment since Bitcoin ETFs.
According to White House crypto czar David Sacks and Bitwise CIO Matt Hougan, this single piece of legislation could:
Unlock trillions in demand for U.S. Treasury’s
Fuel a $2.5 trillion stablecoin market
Kick off a multi-year bull run across Ethereum, Solana, and DeFi
And normalise crypto as infrastructure, not just an asset class
As Hougan put it:
“This is Wall Street and crypto getting married.”
What’s in the Bill?
The GENIUS Act lays out the first full federal framework for stablecoins - an industry with a market cap of over $218 billion.
Here’s what it mandates:
Stablecoins must be backed 1:1 by U.S. Treasurys or dollar equivalents
Large issuers must register with federal banking regulators
Those issuers will be audited regularly to ensure soundness
Stablecoin issuers will apply anti-money laundering restrictions to their tokens.
In short: it puts real guardrails in place - the kind banks, merchants, and institutions need to participate at scale.
Why It Matters Now
David Sacks believes the impact will be immediate:
“We already have over $200 billion in stablecoins - it's just unregulated. I think that if we provide the legal clarity and legal framework for this, we could create trillions of dollars of demand for our Treasury’s practically overnight, very quickly."
Tether alone already holds nearly $120 billion in Treasurys — more than most countries.
Now imagine a world where JPMorgan and Bank of America issue their own stablecoins…
But This Isn’t Just About Stablecoins
The real unlock?
Once the financial system gets used to moving dollars on-chain, it’s only a short step to moving everything else on-chain.
“This is the fundamental thesis for investing in non-bitcoin crypto assets like Ethereum, Solana, and the like: that $100+ trillion of financial assets will eventually move over blockchains. Passage of this bill starts that ball rolling.”
The same way spot Bitcoin ETFs legitimized BTC for institutions…
Stablecoin regulation could do the same for the rest of crypto - especially payment protocols and DeFi infrastructure.
This bill doesn’t just support stablecoins.
It connects crypto to the traditional financial system.
It unlocks real utility and real capital.
And it could mark the beginning of crypto’s next multi-trillion dollar expansion. 🚀
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SOMETHING BIG IS COOKING 👨🍳
At Token2049 in Dubai, Binance CEO Richard Teng just dropped a bombshell:
“Sovereigns, family offices, and high-net-worth individuals are pouring into crypto.”
And not slowly.
According to Teng, Binance onboarded 97% more institutional investors last year.
And in 2025?
“The momentum is very, very strong.”
Binance CEO - Richard Teng
Who’s Coming In?
Not retail. Not degens.
Sovereign wealth funds 🏛️
Semi-sovereign entities 🏙️
Family offices 👨👩👧👦
Commodities, FX, and bond traders 💱
Traditional allocators and hedge funds 📊
They’re not just dabbling - they’re here for the long haul.
This isn’t just another wave. 🌊
This is a capital class with trillions ready to deploy.
Why It Matters
Retail is quiet.
Google searches are low.
But behind the scenes?
Institutional and sovereign capital is moving in like never before.
When the world's richest start buying Bitcoin and crypto at this pace - they’re not front-running the next bull run.
They are the bull run.
Something big is cooking. 👨🍳
IT KEEPS GOING LOWER 📉
Today we’ll be taking a look at the amount of Bitcoin available for sale on exchanges.
Here’s how to interpret this metric:
Decreasing exchange balances: Bullish indicator as it signals a shift towards long-term holding 🐂
Increasing exchange balances: Bearish indicator as coins being transferred to exchanges are more likely to be sold 🐻
Only 2,991,031 BTC now sits on exchanges - just 15.06% of total supply.
That’s the lowest level we’ve seen since 2019.
Translation? There’s barely any Bitcoin left for sale.
In the last 45 days alone, 109,323 BTC - worth nearly $12.14 billion - has been pulled from exchanges.
The signal couldn’t be clearer:
Investors are stacking.
Exchange balances are drying up.
And a tight supply has only ever meant one thing: explosive rallies.
And when you combine that with everything we just covered in the previous section…
The setup isn’t coming - it’s already here.
We’re just getting started. 😎
CRACKING CRYPTO 🥜
Bitcoin price reaches new ATH above $111,000 as institutional interest peaks. Bitcoin crosses $111k for the first time, sparking widespread liquidations and cementing institutional confidence.
Sui DEX Cetus hit by suspected hack: Over $200M in potential losses. DEX Cetus reportedly suffered a $200 million exploit, with blockchain data revealing swift asset outflows as the team labeled the event a mere “bug.”
'Major Wake-Up Call': How $400M Coinbase Breach Exposes Crypto's Dark Side. Coinbase said 69,461 customers were initially impacted by the breach, but fears remain over the threat of real-world robberies.
Trump token jumps 10% as criticism of Thursday night's memecoin dinner intensifies. The president hosting a dinner for top holders of his memecoin has been viewed by some as selling access to the Oval Office.
WHAT WE’RE READING 📚
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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”)
What is the main purpose of a token burn in crypto? |
MEME CORNER 😂
Because what would the crypto world be without its share of memes?
Trivia Answer: Reduce circulation to increase scarcity 🥳
Token burns permanently remove tokens from circulation — often used as a deflationary tactic to boost scarcity and potentially drive price upward. 🔥🪙
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