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GM to all of you nutcases. It’s Crypto Nutshell #635 comin’ in for landing… 🛬🥜

We're the crypto newsletter that's more mind-bending than reliving your worst day on repeat—with aliens... 🔁👽

What we’ve cooked up for you today…

• 🏦 Trump Bitcoin ETF?

• 👀 Who’s actually selling?

• 📈 It keeps going up

• 💰 And more…

What’s in the Crypto Nutshell Portfolio?

TRUMP BITCOIN ETF? 🏦

BREAKING: U.S. President Donald Trump’s Social Media Firm Truth Social To Launch Spot Bitcoin ETF

The Trump family is literally going all in on Bitcoin and crypto…

This week, a new spot Bitcoin ETF tied to Trump’s Truth Social officially entered the SEC approval pipeline.

(Marking Trump’s most direct move yet into the crypto arena)

Now, the ETF won’t say Trump anywhere in the documents.

But let’s not kid ourselves…

Truth Social = Trump. 

We all know who’s pulling the strings.

Here’s what we do know:

• The Truth Social Bitcoin ETF would track BTC’s price like BlackRock’s and Fidelity’s funds

• It’s being filed by Yorkville America Digital, a Trump-linked, “America-first” asset manager

• Foris DAX Trust (Crypto.com’s custodian) will hold the Bitcoin

• The ETF would list on NYSE Arca

• The application was submitted on June 3 via a 19b-4 filing - triggering a max 240-day review window

If green lit, it would be the first ever presidential-linked Bitcoin ETF. (Now that’s a wild sentence…)

And that’s just one piece of Trump Media’s growing crypto empire:

• It’s already raised $2.4B to launch a corporate Bitcoin treasury

• Built out Truth.Fi, a crypto-focused fintech platform

• Filed for a separate “Bitcoin Plus ETF”

• Rolled out meme coins, a digital wallet, and even plans to integrate crypto payments on its Truth+ streaming service

Some critics are calling it a blatant conflict of interest.

Others are loving that the President of the United States is this involved with Bitcoin $BTC.X ( ▲ 0.18% )  and crypto.

But either way, the signal is clear:

Crypto isn’t fringe anymore.

It’s on the campaign trail.

It’s on Wall Street.

And now, it’s front and centre in the White House playbook. 🧨

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WHO’S ACTUALLY SELLING? 👀

For months now, we’ve been talking about record-breaking institutional demand.

Nations are jumping in. Game theory is underway.

With that kind of buying… that leaves some questions:

Why isn’t Bitcoin already waaaay higher?

Who’s actually selling?

Today, we got answers - from on-chain OG, Willy Woo.

Today, Willy tweeted this:

And just like that, we have our answer to who is selling:

Turns out, it’s not retail
It’s not institutions.
It’s the mega-whales. Wallets holding 10,000+ BTC.

The twist?

These aren’t dumb sellers.

These coins were mostly bought between $0–$700 and held for 8–16 years.

So yeah - if you bought Bitcoin at ~$500 and you’re now selling at $100,000+?

We think you’ve earned that.

It’s not every day you get a 1000x. 🧘

IT KEEPS GOING UP 📈

Today we’ll be taking a look the overall stablecoin supply.

Stablecoins are the backbone of crypto liquidity, used for seamless trading and instant cross-border transactions.

The chart below tracks the aggregate change in the total stablecoin market cap.

• 🟢 Increased stablecoin supply: increased demand and capital inflows into the digital asset space 🐂

• 🔴 Contractions in stablecoin supply: net capital outflows from digital assets 🐻

Back on May 21, total stablecoin supply was sitting at $216.18B.

Today?

We’re at $218.19B - a $2.01B jump in just two weeks.

And it gets even better…

On May 25, the supply hit a new all-time high of $218.70B.

That’s a $33.14B surge year-to-date, with no signs of slowing.

Why it matters:

Stablecoins = dry powder.

A rising stablecoin supply means capital is flowing in - waiting on the sidelines, ready to be deployed.

Historically, these spikes have front-run major altcoin rallies.

TL;DR:
Liquidity is rising.
Cash is stacking.
And the setup for the next move is getting explosive. 💥

CRACKING CRYPTO 🥜

Coinbase delayed revealing data breach that may cost up to $400M, drops third-party vendor. Legal battles loom for Coinbase over delayed breach disclosure and insider hacks.

MARA increases Bitcoin production by 35% amid new hashrate highs. Publicly listed Bitcoin mining company MARA produced 950 Bitcoin in the month of May, recording a 35% increase month-over-month.

Trump’s Team ‘Knows Nothing’ About Apparent ‘$TRUMP Wallet’ Launch, Spokesperson Says. A representative for the Trump Organization distanced the group from a new crypto app branded with the former president’s name.

Kraken launches full-service prime brokerage tailored for institutional crypto clients. Kraken joins Coinbase Prime and FalconX in offering prime brokerage services to institutional crypto clients.

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: Accidentally throwing away a hard drive with 8,000+ BTC 🥳

In 2013, James Howells tossed out a hard drive containing over 8,000 BTC — now worth hundreds of millions. He’s still trying to convince his city to let him dig up the landfill. 🗑️💰

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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.