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GM to all of you nutcases. It’s Crypto Nutshell #703 boxin’ it up… 📦🥜

We're the crypto newsletter that's more daring than a rookie bunny cop teaming up with a sly fox to crack the city’s biggest case... 🐇🦊

What we’ve cooked up for you today…

• 🏦 Strategy snubbed

• 🧠 Ethereum is inevitable

• 😴 Wall street takes a break?

• 💰 And more…

What’s in the Crypto Nutshell Portfolio?

STRATEGY SNUBBED 🏦

BREAKING: Robinhood Set to Join S&P 500 as Bitcoin Giant Strategy Misses Out

Wall Street’s most exclusive club just welcomed another crypto name.

Robinhood’s surprise addition to the S&P 500 sent its stock up 7% in after-hours trading, capping off a year where shares have already surged 150%.

The retail brokerage - now as much a crypto exchange as a stock platform - joins Coinbase and Block as the index’s only digital asset–linked companies.

But the real story isn’t who got in.

It’s who didn’t…

Michael Saylor’s Strategy, the $95B corporate giant sitting on more than $70B worth of Bitcoin, was left on the sidelines despite checking every quantitative box for inclusion.

Its stock tumbled nearly 10% on the news, erasing Friday’s gains.

For analysts, S&P membership was seen as a potential game-changer - a shift that would have forced millions of passive investors and portfolio managers into exposure to the world’s largest Bitcoin treasury.

So why the rejection?

The answer lies with the S&P’s secretive selection committee.

As Bloomberg’s Eric Balchunas put it:

Even with market cap, liquidity, and float all in line, the final call is subjective - and this time, Strategy didn’t make the cut.

The takeaway?

TradFi is embracing crypto, but it’s still picking favourites.

Robinhood’s rise reflects a friendlier political and regulatory climate, while Strategy’s snub shows the old guard still calls the shots.

For Bitcoin investors, the signal is clear: Wall Street isn’t just letting crypto in - it’s deciding which doors to open.

This was wrong…

Earlier this week we opened Crypto Nutshell Pro to an additional 25 members.

Every single spot was gone in under 120 minutes.

After the flood of feedback, we realised this was unfair. Not everyone can check their emails the minute they land.

So here’s what we’re doing:

We’ve opened 10 final slots, at the same price.

Once they’re filled, that’s it.

Why do we cap the group? Because alpha is only alpha if it stays scarce.

If everyone knows, no one knows.

By limiting the spots, we keep the research, insights, & signals as valuable as possible for members inside.

By joining, you’ll get:

• Full Altcoin Portfolio Overhaul - see exactly what we hold right now

• Deep Dive into Ethereum’s top altcoin ecosystem picks

• A Mystery Pick our analysts believe will be a top performer in the next 6 months (trust us, it’s not what you think)

• Buy / Sell Indicators - the same 10 signals we use to time our moves

• Exclusive Watchlist - the coins we’re tracking before they break out

If we ever open again, it will be months from now - and at higher prices.

Click below to take one of the final 10 spots at our original pricing.

See you on the inside.

ETHEREUM IS INEVITABLE 🧠

Joseph Chalom - Sharplink’s co-CEO and former Head of Digital Assets Strategy at BlackRock - just laid out a simple but powerful valuation framework for Ethereum.

And if you don’t know Sharplink? They’re no small player.

A newly rebranded Ethereum treasury company, Sharplink is already one of the largest corporate ETH holders in the world, holding 800,000+ ETH worth $3.7 billion. 

If Joseph’s right? Ethereum isn’t just going higher.

We’re talking tens of multiples from here.

Joseph’s Valuation Framework

Here’s how Joseph is valuing Ethereum:

Over the past 5 years, ETH’s market cap has closely tracked the value of high-quality liquid assets secured on its rails:

• Stablecoins

• Tokenized real-world assets (RWAs)

• DeFi collateral

For every $2 of these assets, ETH’s market cap has grown by $1. And that’s where things get interesting…

Let’s consider what’s ahead:

• Stablecoins: ~$275B today → projected $2T+ 

• Tokenized RWAs: ~$30B today → projected $4-16T 

If Ethereum becomes the settlement layer for trillions in assets, the upside for ETH isn’t just likely - it’s inevitable.

Sharplink Is Backing It With Billions

Sharplink isn’t just talking the talk:

• Pivoted in May 2025, rebranding into an Ethereum treasury vehicle

• Raised $425M

• Accumulated nearly 800,000 ETH - making them one of the largest known corporate ETH treasuries

• Backed by Joseph Lubin, Ethereum’s co-founder and ConsenSys CEO, who now chairs the board

First it was Bitcoin treasuries.

Now it’s Ethereum.

The monsters have arrived, and they’re not leaving empty-handed. 🦖

WALL STREET TAKES A BREAK? 😴

Today we’re zooming out to one of the clearest signals of TradFi demand: spot ETF flows.

These flows capture exactly how much Wall Street is buying.

When inflows surge, prices rip.

When they fade, momentum stalls.

Bitcoin ETFs were pulling in over 3,000 BTC a day from April through July - a relentless bid that kept pushing prices higher.

But the 14-day average has now slipped to just 540 BTC.

That’s a steep drop… though still above Bitcoin’s daily issuance of ~450 BTC.

In other words, even in “cooling mode,” ETFs are still accumulating more supply than miners create.

Ethereum shows the same pattern.

From May to August, ETFs absorbed 56,000–85,000 ETH per day, turbocharged by the Ethereum Treasury narrative.

That flood of demand helped fuel ETH’s breakout to new highs. But this past week, flows have slowed to just 16,600 ETH daily as prices pulled back.

The message is clear: TradFi buying power has eased, taking the heat out of the summer rally.

But zoom out and the bigger picture hasn’t changed. ETFs remain a structural buyer, quietly stacking supply even at reduced pace.

And when flows flip back into high gear? The squeeze will be brutal. 🚀

CRACKING CRYPTO 🥜

Shocking 22k US jobs report fuels $113k Bitcoin as rate cut odds explode. Traders weigh weak hiring against sticky services prices and a wider trade gap.

SEC, CFTC Chiefs Say Crypto Turf Wars Over as Agencies Move Ahead on Joint Work. Paul Atkins and Caroline Pham presented a united front when discussing future regulatory moves by their two agencies during a call on Friday.

SOL Strategies approved to uplist shares from OTC to the Nasdaq exchange. Toronto-based SOL Strategies' own treasury of 399,907 SOL is valued at approximately $84 million at current prices.

US regulators release joint statement teasing 24/7 capital markets. The CFTC and SEC released a joint statement on Friday outlining a potential pivot to "always on," 24/7 financial markets in the United States.

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: Overvalued or undervalued price zones 🥳

The MVRV Z-Score compares market value to realized value, highlighting when Bitcoin is historically overheated or cheap. 📊

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HOW DID WE DO? 🤷

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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.