🥜 This time is different

PLUS: The big dogs are here

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GM to all of you nutcases. It’s Crypto Nutshell #612 stayin’ spicy… 🌶️🥜

We're the crypto newsletter that's more heart-stopping than a blindfolded race through a world stalked by unseen monsters... 🧢👁️

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What we’ve cooked up for you today…

  • 🌊 The big boys are coming

  • 🧠 This Bitcoin run is different…

  • 📈 Adoption

  • 💰 And more…

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market data

Prices as at 3:35am ET

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THE BIG BOYS ARE COMING 🌊

BREAKING: Morgan Stanley and Charles Schwab eye crypto trading as US regulations ease

BTC

Big moves are coming from Wall Street

Two of America’s most iconic financial institutions — Morgan Stanley and Charles Schwab — are gearing up to launch spot crypto trading.

And the timing? No accident.

Since Trump took office, U.S. regulators have gone into overdrive on crypto reform:

  • The SEC repealed restrictions that discouraged banks from holding digital assets

  • The Fed, FDIC, and OCC all loosened their crypto partnership rules

  • The new SEC Chair is openly pro-crypto and has already paused several enforcement cases

In short: Wall Street just got the green light — and they’re wasting no time.

Morgan Stanley

The firm plans to roll out spot crypto trading on E*Trade by 2026, with backend support likely coming from crypto-native partners.

High-net-worth clients already have access to the Bitcoin and Ethereum ETFs — but this move will bring direct crypto access to retail investors for the first time.

Charles Schwab

Meanwhile, Charles Schwab is targeting spot Bitcoin and Ethereum trading within the next year.

CS

CEO Rick Wurster credits the Trump administration for paving the way:

“We’re confident we will be a great destination for investors interested in crypto. Our expectation is that with the changing regulatory environment, we are hopeful and likely to be able to launch direct spot crypto and our goal is to do that in the next 12 months and we’re on a great path to be able to do that.”

Rick Wurster

But Schwab isn’t targeting crypto degens…

Their focus is on traditional investors already holding stocks and bonds — people who are curious about crypto and want simple exposure.

Wurster still flags “meaningful risks,” but the signal is clear:

The demand is here. The rails are being built. And TradFi isn’t waiting.

Morgan Stanley. Schwab. BlackRock. Citadel.

They’ve entered the arena.

And this time, they’re not sitting on the sidelines.

More on what this means in the next section… 🚀

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  • “Is now the time to buy?”

  • “Are altcoins about to run?”

  • “When is it time to sell?”

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  • 📈 On-chain metrics

  • 📉 Technical signals

  • 📊 Liquidity flows

  • 🧠 Social sentiment shifts

  • 🌍 Macro trends

So you’ll know exactly when to buy.

But more importantly, when to sell.

Here’s what we told members when Bitcoin dipped to $75K last month:

We’re at or very close to the bottom. This is what the reversal looks like.”

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Bitcoin then rebounded to $97K

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THIS BITCOIN RUN IS DIFFERENT… 🧠

Bitcoin’s sitting at ~$94,000 right now. But something strange is happening…

Google searches for “Bitcoin” are near long-term lows. 👀

That’s the latest insight from Hunter Horsley.

Hunter

Hunter Horsley is the co-founder & CEO of Bitwise. One of the biggest & most respected players in Bitcoin.

This week, he pointed out the unusually low levels of Google searches for "Bitcoin":

google

Searches for “Bitcoin”

What It Means

Normally, Bitcoin runs are fuelled by retail hype.

Everyone FOMOs in. Google Trends explode. We top out.

Not this time.

HHorsley1

Hunter’s point is simple:

  • Institutions are here.

  • Advisors are here.

  • Corporates are here.

  • Nations are stepping in.

The types of investors stacking Bitcoin are completely different this cycle.

It’s not your neighbour buying $500 on Robinhood.

This time it’s billion-dollar balance sheets reallocating for the long haul.

Why It Matters

This isn’t a retail-driven sugar high. This is structural adoption.

Big money moves slower. It moves quieter.

But when it moves - it moves mountains. ⛰️

And we’re just getting started.

Bottom Line:

The crowd still hasn’t arrived yet.

But the heavyweights are already here.

And they’re not selling. 💎

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ADOPTION 📈

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.

  • Increasing number of addresses: increasing adoption levels 📈

  • Decreasing number of addresses: indicates users are selling their entire balance or consolidating wallets 📉

onchain

As of today, 52,987,034 addresses hold some Bitcoin.

That’s 163,378 more than just two weeks ago.

And since the start of the year? 463,497 new wallets added. 😱

We’re now closing in on a new all-time high.

The takeaway?

Bitcoin’s network is expanding.

Adoption is rising.

And momentum isn’t slowing down. 🚀

CRACKING CRYPTO 🥜

Crypto makes up 43% of Robinhood's transaction revenue as retail traders come back. Retail-driven crypto trading propels Robinhood as market volatility draws grassroots investors back.

Metaplanet Registers U.S. Treasury Arm to Grow Its Bitcoin Reserve Strategy. The firm plans to invest as much as $250 million in the Florida-based treasury vehicle.

Bitcoin bulls prep $97K resistance showdown as gold dips 8% from highs. Bitcoin attempts to punish shorters with relentless higher highs on low timeframes, trading places with gold, which follows commodities downhill.

Kraken feigns interest in hiring North Korean hacker in order to 'study' their tactics. Kraken has released a detailed account of how it says the company identified a North Korean hacker who had applied for an engineering role.

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”)

At approximately what price did Bitcoin hit its first-ever $1 trillion market cap in 2021?

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MEME CORNER 😂

Because what would the crypto world be without its share of memes?

meme

Trivia Answer: $50,000 🥳

When Bitcoin crossed $50,000 in February 2021, it officially reached a $1 trillion market cap — a huge moment for mainstream adoption. 🚀

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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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