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🥜 Whales lurking
PLUS: Trump puts on the pressure
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GM to all of you nutcases. It’s Crypto Nutshell #646 stayin’ ready… 🛎️🥜
We're the crypto newsletter that's more emotional than a musician chasing greatness and nearly losing everything along the way... 🎹🥁
What we’ve cooked up for you today…
🏦 Trump wants it now
🐋 Do whales know something?
📈 Only up
💰 And more…
Prices as at 4:10am ET
TRUMP WANTS IT NOW 🏦
BREAKING: Trump urges House to pass GENIUS stablecoin bill: 'get it to my desk, ASAP'
Following up on yesterday’s landmark decision…
Just one day after the Senate made history, Trump is cranking up the pressure.
The GENIUS Act - the first major crypto bill to ever clear the U.S. Senate - now heads to the House.
And Trump wants it signed without immediately.
“The Senate just passed an incredible Bill… Get it to my desk, ASAP — NO DELAYS, NO ADD ONS.”
He also called it the path to making “America the UNDISPUTED Leader in Digital Assets.”
And he’s not alone…
Senate Republicans are pushing for a July 4 vote, hoping to fast-track the bill to the Oval Office.
But the House could get messy.
Some House Republicans want to bundle it with other legislation like the STABLE Act…
While critics (Elizabeth Warren) warn the bill could directly benefit Trump’s own stablecoin venture, USD1, launched with his sons via World Liberty Financial.
Trump has already disclosed $57 million in gains from that venture - raising red flags about conflicts of interest.
Still, the bill has serious momentum.
It lays down strict guardrails for stablecoin issuers:
Full 1:1 backing with cash or Treasuries
Mandatory audits
Capital and AML compliance
Bankruptcy protection for user funds
Restrictions on tech giants unless strict criteria are met
Trump’s framing the bill as an economic play - one that boosts U.S. innovation, attracts massive investment, and extends dollar dominance globally.
The Bottom Line:
The GENIUS Act is no longer just a policy proposal.
And with Trump demanding speed, crypto’s most important regulation yet could be law within weeks.
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DO WHALES KNOW SOMETHING? 🐋
In the last ~7 days, long-term Bitcoin holders just scooped up $100 billion worth of BTC.
Let that sink in.
This isn't retail buying the top.
These are whales - the ones who are here for the long-haul.
Here’s the spike in long-term holder buying, so you can see how drastic this is visually:
And if this pattern looks familiar…
That’s because we’ve seen it before.
The last time whales accumulated this aggressively?
September–October 2024.
What happened next?
Bitcoin ripped from $65K to over $100K in less than 60 days. 🚀
Now they’re back - and stacking just as hard as ever.
Long-term holder net position change just printed one of the biggest green spikes in the last 2 years.
That kind of confidence isn’t noise.
It’s a signal.
Do they know something we don’t? 👀
Strap in. 🐋
ONLY UP 📈
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 won’t stop climbing.
As of today, 63,507,595 ETH is locked up — a +888,304 ETH jump in just two weeks.
That’s right… another all-time high.
(At this rate, the staking chart looks more like an escalator to the moon 🚀)
But here’s the real takeaway:
52.52% of all ETH is now staked.
That’s over half the entire supply taken off the market - locked away by long-term holders with no plans to sell.
This isn’t just a stat.
It’s a signal:
Supply is tightening
Conviction is rising
And Ethereum’s foundation keeps getting stronger
In a market driven by belief and scarcity…
This is pure rocket fuel.
CRACKING CRYPTO 🥜
XRP network activity surges as Canada launches an XRP ETF. A new XRPQ ETF launches in Canada during a spike in XRP network activity, reflecting growing confidence in Ripple.
Coinbase Debuts Stablecoin Payment Stack Following Shopify Partnership. With Coinbase Payments, the company aims to offer fast, global USDC transactions for merchants without needing blockchain expertise.
Iranian exchange Nobitex hacked for over $81M by Israel-linked hackers. Iranian crypto exchange Nobitex was exploited for at least $81 million worth of crypto across multiple Tron and EVM wallets.
Treasury Secretary Bessent says Trump's crypto push will 'lock in' dollar supremacy. Bessent said the U.S. dollar-backed stablecoin market has the potential to pass $2 trillion in the next three years.
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”)
What typically signals the start of an altcoin season? |
MEME CORNER 😂
Because what would the crypto world be without its share of memes?
Trivia Answer: Bitcoin dominance starts to fall 🥳
When Bitcoin dominance drops, it usually means capital is rotating into altcoins — a classic sign that altseason is heating up. 🔥🧪
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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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