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- 🥜 The beginning
🥜 The beginning
PLUS: Another all-time high
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GM to all of you nutcases. It’s Crypto Nutshell #636 hittin’ th gas… 🏎️🥜
We're the crypto newsletter that's more charming than a rat cooking five-star meals in the heart of Paris... 🐀🍽️
What we’ve cooked up for you today…
🏦 They keep on coming
🏁 Just the beginning
📈 Another all-time high
💰 And more…
Prices as at 4:00am ET
THEY KEEP ON COMING 🏦
BREAKING: Nasdaq-listed K-Pop media firm K Wave stock rallies 165% after announcing Bitcoin acquisition strategy
Another company just jumped headfirst into Bitcoin.
This time…
It’s coming from the world of K-Pop. 🎤
On Wednesday, Nasdaq-listed K Wave Media announced plans to sell up to $500 million in stock - and use a “significant portion” of the proceeds to buy and hold Bitcoin.
“Under this initiative, K Wave will, subject to certain limitations, allocate a significant portion of the proceeds received from the sale of any shares under the facility to the purchasing, long-term holding, and yield optimization of Bitcoin.”
The result?
The stock exploded +165% in a single day. 📈
Here’s what we know:
K Wave is aiming to become the “Korean Metaplanet”
The $500M raise will fund BTC purchases, Lightning Network node operations, and Bitcoin-native infrastructure
The company says Bitcoin offers a foundation for “innovation, independence, and global scalability”
The effort is being led by co-CEO Ted Kim, who described Bitcoin as central to their “future-facing value creation”
Just like Strategy, Metaplanet, and Semler Scientific, K Wave is embedding BTC directly into its core treasury strategy.
And while K-pop fans might not be known for their crypto trades…
This pivot is part of a much bigger movement.
As of today, 223 public and private entities now hold Bitcoin on their balance sheet - a number that’s been climbing fast alongside BTC’s recent surge.
The Bottom Line:
Bitcoin’s not just for tech firms anymore.
From software to social media… and now Korean pop music…
BTC is becoming a global corporate reserve asset.
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JUST THE BEGINNING 🏁
In the grand scheme of things, institutional adoption of Bitcoin is only just getting started.
And if anyone would know… it’s Cathie Wood.
CEO of ARK Invest.
Cathie Wood is a long-time Bitcoin bull and one of the first major fund managers to go big on Bitcoin.
Today, she dropped a timely reminder on Diary of a CEO:
“Institutions are only now committing… And they’re competing. When one buys, the rest have to follow.”
Why does that matter?
Because there’s only 1 million BTC left to mine - worth around $100B.
Institutions, meanwhile, have trillions in dry powder.
That mismatch = price pressure.
And according to Cathie?
Bitcoin is a brand new asset class 📊
Most institutions haven’t bought yet 🏦
But game theory says they will - fast ⚔️
Her base case for 2030? $1.5M per coin.
Her bull case? $2.4M.
Think you’re late?
To Cathie, this is still just the beginning. 🌱
ANOTHER ALL-TIME HIGH 📈
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.
Staked ETH just keeps climbing.
As of today, 62,619,291 ETH is now locked up- up 985,319 ETH in the past two weeks alone.
And yes… we’ve hit another all-time high.
(At this point, the staking chart is basically a staircase to the sky)
But here’s the big takeaway:
51.8% of all ETH is now staked.
That’s over half the entire supply off the market - held by long-term believers with zero interest in selling.
It’s not just a number.
It’s a signal.
Supply is tightening.
Conviction is growing.
And Ethereum’s foundation is getting stronger by the day.
Historically, setups like this don’t go unnoticed.
They precede the biggest moves. 📈
CRACKING CRYPTO 🥜
Largest US economy, California, moves to accept Bitcoin for state fees by passing new bill to Senate. California will become the fourth US state to pass such legislation if it now passes the Senate and is codified by Governor Gavin Newsom.
USDC Issuer Circle IPO Pricing Could Jump Above Range After Investor Orders Surge. Pricing for the stablecoin issuer's public offering is expected during the U.S. evening hours on Wednesday.
Bybit reveals security overhaul in response to $1.4B hack. Bybit has implemented a security overhaul after the $1.4 billion hack, with a focus on audits, wallet fortifications and information security enhancements.
Ethereum Foundation expects 2025-26 to be ‘pivotal’ for the ecosystem as it reforms its treasury management. The move is part of a wider systematic shift in priorities for the organization, including supporting Ethereum's ecosystem of applications.
WHAT WE’RE READING 📚
Want to get even smarter? Check these out.
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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 what year did Ethereum’s mainnet officially go live? |
MEME CORNER 😂
Because what would the crypto world be without its share of memes?
Trivia Answer: 2015 🥳
After a record-breaking ICO in 2014, Ethereum’s mainnet launched in July 2015 — bringing smart contracts and a new era of programmable money to life. 🧠💻
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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.
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