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GM to all of you nutcases. It’s Crypto Nutshell #707 studyin’ trends… 🔍🥜

We're the crypto newsletter that's more thrilling than surviving dinosaurs on the loose in a futuristic theme park... 🦖🚁

What we’ve cooked up for you today…

• 🏦 Solana’s turn?

• 👀 Keep an eye on this

• 🔒️ One third of ETH is locked

• 💰 And more…

What’s in the Crypto Nutshell Portfolio?

SOLANA’S TURN? 🏦

BREAKING: ‘The Ingredients Are All There’: Solana May Be Set to Soar, Says Bitwise

Bitcoin had its run.

Ethereum had its turn.

Now Bitwise CIO Matt Hougan says the stage is set for Solana - and the “ingredients are all there” for an epic end-of-year rally.

And the numbers are lining up…

Solana just hit a seven-month high at $225, up 25% in the past month and leading the top 10.

At the same time, the SEC is set to rule on seven spot Solana ETF filings by October 10.

If even a few are approved, retail and institutional investors could soon buy SOL the same way they buy Bitcoin or Ethereum ETFs.

Then there’s the treasury effect.

Public companies from Upexi to DeFi Development Corp. have already stacked more than $400M this year.

And the big catalyst?

Forward Industries’ $1.65B raise backed by Galaxy, Jump, and Multicoin.

With Kyle Samani at the helm - positioned as Solana’s own “Michael Saylor” - the company plans to buy and stake SOL directly.

The pitch is clear: speed, cost, and simplicity.

Solana’s pending upgrade will slash finality from 12 seconds to 150 milliseconds, with fees still under a cent - no Layer 2s required.

It’s already third in stablecoin liquidity and fourth in tokenized assets, with AUM up 140% this year.

And here’s the kicker: size matters.

At a market cap of just $116B, Solana is tiny compared to Bitcoin’s $2.2T and Ethereum’s $519B.

That means flows hit harder. Forward’s $1.65B plan would likely have the same impact as a $33B Bitcoin buy.

Hougan’s message?

Bitcoin proved the recipe in 2024. Ethereum repeated it in 2025. Now, all the conditions are converging for Solana.

Keep your eye on SOL. ‘Solana season’ may be closer than you think. 🚀

How 433 Investors Unlocked 400X Return Potential

Institutional investors back startups to unlock outsized returns. Regular investors have to wait. But not anymore. Thanks to regulatory updates, some companies are doing things differently.

Take Revolut. In 2016, 433 regular people invested an average of $2,730. Today? They got a 400X buyout offer from the company, as Revolut’s valuation increased 89,900% in the same timeframe.

No wonder 10K+ everyday people are taking the chance on Pacaso.

Founded by a former Zillow exec, Pacaso’s co-ownership tech reshapes the $1.3T vacation home market. They’ve earned $110M+ in gross profit to date, including 41% YoY growth in 2024 alone. They even reserved the Nasdaq ticker PCSO.

The same institutional investors behind Uber, Venmo, and eBay backed Pacaso. And you can join them. But not for long. Pacaso’s investment opportunity ends September 18.

Invest While You Still Can

_{Paid advertisement for Pacaso’s Regulation A offering. Read the offering circular at invest.pacaso.com. Reserving a ticker symbol is not a guarantee that the company will go public. Listing on the NASDAQ is subject to approvals.}

KEEP AN EYE ON THIS 👀

Yesterday, we broke down how Ethereum treasury companies have been scooping up ETH at a historic pace.

However, this week, Matt Hougan reminded us not to forget: the same story is still playing out in Bitcoin.

Matt Hougan - CIO of Bitwise and one of the sharpest institutional voices in crypto - this week subtweeted this bombshell:

That’s over $111 billion of Bitcoin locked up by institutions.

Why It Matters

Just like with ETH treasuries, this is not a trend you want to bet against.

• Holdings are climbing exponentially 📈

• Supply on exchanges keeps shrinking 🏦

• Demand from ETFs, corporates, and sovereigns is only accelerating 🌍

The structural imbalance between Bitcoin’s fixed supply and surging demand is becoming impossible to ignore.

These whales aren’t selling. They’re stockpiling.

They are here for the long-term.

And if history is any guide, when institutions lock up coins at this scale… price has only one way to go. ☝️

ONE THIRD LOCKED 🔒️

Today we’ll be taking a look at Ethereum’s supply side dynamics.

To do that 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 won’t quit.

As of today, 35,711,948 ETH is locked up.

That’s +1.72M ETH added this year alone - worth ~$7.47B at current prices.

But here’s the kicker: that’s now 29.5% of the entire circulating supply.

Nearly a third of all ETH is effectively off the market, parked by long-term holders with no intention of selling.

We’ve been saying it for months: this isn’t noise. It’s a supply shock unfolding in real time. 🚀

CRACKING CRYPTO 🥜

Ethereum staking exit queue surpasses 2 million ETH following Kiln shutdown. Kiln's validator shutdown leaves 2 million ETH in prolonged exit queue, spurred by SwissBorg security breach.

SEC delays BlackRock, Franklin Templeton crypto ETF decisions. The SEC has pushed back rulings on Franklin’s Ethereum, Solana and XRP ETFs and BlackRock’s iShares ETH staking proposal, adding to a growing backlog.

Top U.S. Banking Regulator Gould Says Crypto Debanking 'Is Real'. Jonathan Gould, chief of the Office of the Comptroller of the Currency, said his agency is trying to halt debanking while also writing stablecoin regulations.

JPMorgan says S&P 500 rejection of Strategy is a 'blow to crypto treasuries'. The JPMorgan analysts warned that other index providers may also reconsider their inclusion of Strategy and similar crypto treasury firms.

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”)

MEME CORNER 😂

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

Trivia Answer: The dollar value of crypto deposited 🥳

TVL shows the total capital deposited in a protocol — a key metric of DeFi adoption and trust. 💰

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