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GM to all of you nutcases. It’s Crypto Nutshell #662 shinin’ bright… 🌝 🥜
We're the crypto newsletter that's more thrilling than a magician’s final act revealing a lifetime of secrets and sacrifice... 🎩🔒
What we’ve cooked up for you today…
🏦 Another high
⏳ It's still early
🤯 Always growing
💰 And more…
Prices as at 3:35am ET
ANOTHER HIGH 🏦
BREAKING: Bitcoin Hits Another All-Time High Price After Trump Renews Rate Cut Push
Here we go…
Bitcoin just smashed through $117,000 - its second all-time high in 48 hours - as the perfect storm hits. 🥳
So what’s driving it?
A combination of things…
But let’s start with Trump.
On Thursday, the president posted that crypto and tech are “through the roof”, and called on the Fed to “rapidly lower rates.”
This follows weeks of public pressure on Powell, with Trump even hinting at firing the Fed chair altogether. (Powell’s term as chair ends in May 2026)
Markets didn’t hesitate.
Bitcoin ripped. Stocks soarded. ETH and SOL caught the tailwind.
And under the hood?
$1.2B poured into spot Bitcoin ETFs - the second-largest inflow day ever.
BTC ETF Flows
The Ethereum ETFs also saw their second best day since launch with inflows of $383.1 million.
ETF ETF Flows
But here’s the wildest part…
Financial advisors still aren’t in fully in.
As ETF Store’s Nate Geraci put it:
“Financial advisors, who control enormous amount of $$$, have barely even begun allocating to btc & eth ETFs… Major platforms such as Vanguard are still gatekeeping these ETFs (which is laughable IMO). And we’re still seeing near record inflows. Think about that for a minute.”
Meanwhile…
BTC exchange reserves keep falling
Retail interest is still at early 2021 levels
Rate cut bets are rising fast
This isn’t froth.
It’s structural demand.
The liquidity floodgates haven’t even opened yet. 🌊
And Bitcoin’s already rewriting the charts.
This was wrong…
We messed up.
Yesterday we opened the Crypto Nutshell Pro to an additional 5 members.
All 5 spots were taken in under 30 minutes.
We want to help more readers know exactly when to buy and when to sell.
But, we also need to keep the alpha of the group high. 🧠
So we’re opening just 5 more spots - but that’s it.
By signing up, here’s what you’ll get:
Exactly what we hold - A look into exactly what we’re holding in our portfolio
Altcoin Coverage - Detailed analysis on altcoins
Bull / Sell indicators - know exactly when we believe it’s a good time to enter and exit positions
Watch list - Which coins we’re keeping a close eye on
If we do open the group up again, it will be at higher prices.
See you on the inside!
IT'S STILL EARLY ⏳
Tom Lee just dropped a reality check.
Everyone thinks they’re late to Bitcoin. But according to the Fundstrat legend?
You’re still early. Very early.
Here’s the punchline:
“95% of investors have zero Bitcoin exposure.”
Most people haven’t even started.
And if you’re stacking today?
You’re ahead of 95% of them.
Lee compares it to the early internet:
“If you look at Bitcoin wallets, we’re at 1996 internet levels.”
That was the year everything changed.
Adoption went exponential 📶
Value went vertical 📈
The world shifted 🌐
Now?
He believes we’re at the same inflection point.
And in a future where trust is broken...
Bitcoin might be one of the only things left to believe in.
Bottom line:
It’s not too late.
It’s early.
That’s what makes it the perfect time to move. ⏳
ALWAYS GROWING 🤯
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 📉
There are now 53,044,074 wallets holding some amount of Bitcoin.
That’s 22,838 new wallets in the past two weeks alone.
A healthy climb… but step back and the trend is even stronger:
Nearly half a million wallets have joined the network this year - 520,537 to be exact.
The takeaway?
Bitcoin’s network is expanding.
Adoption is accelerating.
And momentum is building on itself.
Behind the price action, long-term conviction keeps growing.
CRACKING CRYPTO 🥜
Rex-Osprey Solana staking ETF doubles cumulative inflows to $41M on July 8. Despite the increase, the net inflow amount represents 0.05% of Solana's total market cap, well below the proportions registered by Bitcoin and Ethereum ETFs.
US lawmakers to discuss crypto tax policy amid push to pass three bills. Chairs of the US House Committee on Ways and Means and the Oversight Subcommittee announced a July 16 hearing to discuss a “tax policy framework on digital assets.”
Bitmine Immersion (BMNR) Plunges on $2B ATM Offering. The company may sell up to $2 billion in stock through Cantor Fitzgerald and ThinkEquity in flexible at-the-market deals, according to a Wednesday filing.
New TRON-linked leveraged ETF filing joins wave of crypto funds awaiting SEC approval. A new registration filing has been made for an exchange-traded fund that tracks the daily performance of TRON.
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”)
Which of the following is a centralized exchange (CEX)? |
MEME CORNER 😂
Because what would the crypto world be without its share of memes?
Trivia Answer: Coinbase 🥳
Coinbase is a centralized exchange, meaning it holds user funds, matches buyers and sellers, and complies with regulatory oversight. 🏦🪙
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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.
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