GM to all of you nutcases. It’s Crypto Nutshell #873 knocking ‘em down…🎳🥜

We're the crypto newsletter that's more vicious than a newsroom where the headline matters more than the truth… 📰🔪

What we’ve cooked up for you today…

What’s in the Crypto Nutshell Portfolio?

BREAKING: Bitcoin faces $80,000 resistance as derivatives show signs of risk aversion

Bitcoin has a new test today.

And we’re not talking about the Fed or Jerome Powell’s comments…

The big question now is much simpler:

Can Bitcoin finally break through the ceiling?

BTC is still trading around $77,000, just below the $78,000 to $80,000 zone that has become the market's current line in the sand.

As we pointed out earlier in the week, that range matters because it’s where the rebound keeps running into sellers.

Break above it, and bulls can argue the recovery is in full swing.

Fail again, and bears can argue buyers still do not have enough strength.

The good news is that the ETF picture has improved since yesterday.

After three straight days of outflows, U.S. spot Bitcoin ETFs flipped back to a small net inflow of $23.5 million.

That’s not a huge number.

But it’s important for the bleeding to stop.

ETF demand was one of the key reasons Bitcoin's rebound looked stronger last week. So seeing flows turn positive again helps the bull case, even if it is only a small step.

And there’s another bullish point too…

April just clocked in as Bitcoin's best month in about a year.

This is what has the market scratching its head.

Cointelegraph pointed to a negative Coinbase Premium, which is a fancy way of saying Bitcoin is trading slightly cheaper on Coinbase than on global exchanges.

That usually means U.S. buyers are not chasing hard yet.

ETF flows are improving. April was strong. Volatility has cooled.

But Bitcoin still needs to clear the ceiling.

Until it gets through that $78,000 to $80,000 zone, the market is not in breakout mode.

If you're a digital asset investor with over $50k on Coinbase, this might ruin your day.

Every time you buy Bitcoin, Coinbase takes a cut. Every time you sell, Coinbase takes a cut. When you panic sell at the bottom — cut. When you FOMO buy at the top — cut.

They don't care if digital assets go to the moon or zero. They collect either way.

Visa made $36 billion last year being a middleman. Mastercard made $28 billion. PayPal made $30 billion. 

Nearly $100 billion from three companies that don't produce anything — they just sit between two parties and collect.

The middleman always wins. 

And there's now a way for you to become one.

Tan Gera, CFA Charterholder and ex-Wall Street banker, built the ABN System — a three-phase wealth generating system inspired by BlackRock and used by 4,000+ investors. 

At it’s core is fee generation. 

Up market, down market, sideways — you collect regardless.

Click here to watch the free presentation now →

For educational purposes only. Results will vary. DM Intelligence LLC is not liable for losses. 

Raoul Pal just sat down with the 2 men building the institutional bridge between Wall Street and Ethereum.

And what they revealed should reframe how every investor thinks about ETH.

Vivek Raman spent 12 years on Wall Street as a credit trader before joining Ethereum.

Danny Ryan ran research at the Ethereum Foundation for nearly a decade and was the lead architect behind The Merge.

Together they founded Etherealize, backed by Vitalik Buterin himself, with 1 mission: bring Wall Street onto Ethereum.

For 4 years, banks couldn't touch public chains. Then the GENIUS Act passed, enshrining stablecoins and public chains in U.S. law.

The CLARITY Act is moving forward. The SEC pivoted from suing the industry to inviting it in. And the floodgates opened.

Of the $200 trillion in investable assets globally, roughly $110 trillion sits with financial institutions.

Every single one now has to figure out how to integrate with public blockchains.

And they're all choosing Ethereum.

Not because it's trendy. Because of Lindy effects. The longest uptime. The most developers. The deepest liquidity. The most proven security.

Every major tokenized asset has launched on Ethereum. BlackRock's tokenized fund. JP Morgan's internal blockchain.

The institutional infrastructure all roads lead back to one chain.

Pal closed with the point that matters most. ETH is a store of value, a productive asset that earns yield, and an embedded call option on Ethereum becoming the financial internet itself.

You can't buy shares in the internet. You can't own equity in global finance. But you can own ETH.

And if even a fraction of what these guys are building plays out, the upside is staggering. 🌐

Today we’ll be taking a look at the amount of wallets that hold at least some Bitcoin. (anything greater than 0)

This metric offers a bird’s-eye view of user activity and adoption across the Bitcoin network.

But there’s a slight catch…

One wallet does not equal one user. A user can have many wallets.

What matters here is the trend of the chart.

58,948,143 wallets now hold Bitcoin.

That's 157,395 new holders in two weeks - over 11,000 joining every single day.

And not once this year has that number declined. Every single reporting period in 2026 has added wallets, regardless of what price is doing.

The network is approaching 59 million holders during what's been one of the most psychologically punishing stretches of the cycle.

No rally to lure people in. Just steady expansion while the headlines scream the opposite. 💪

Gemini Gains Key CFTC Approval to Expand Prediction Market, Perps Offerings. A DCO license lets Gemini clear its own prediction-market and derivatives trades.

Dogecoin zooms 10%, breaking away from bitcoin as open interest hits a yearly peak. DOGE futures open interest climbed to 15.36B tokens while Bitcoin stayed range-bound.

OKX rolls out protocol for autonomous AI agents to pay and transact. OKX published an open-standard payment protocol for autonomous AI-agent transactions.

Senate moves to ban themselves from prediction market trading amid insider concerns. Senators moved to restrict lawmakers and staff from betting on prediction markets.

Want to get even smarter? Check these out.

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Trivia Answer: A service that feeds real-world data to smart contracts on-chain 🥳

Smart contracts can't natively access off-chain information like prices, weather, or sports scores. Oracles like Chainlink bridge that gap by delivering verified external data. Oracle manipulation has been the attack vector behind some of DeFi's largest exploits.

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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.