Happy Friday, In A Nutshell this week:

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🚀⏰ Today’s news should be a ~4.59-minute read (750 words).

🧠 Quote Of The Week

“Any sufficiently advanced technology is indistinguishable from magic.”

— Arthur C. Clarke

A Bitcoin holder has recovered $1.7 million worth of BTC using Claude, after being locked out of his wallet for over 11 years.

Back in 2014 he bought Bitcoin at around $250 a coin, but at some point got stoned and changed his wallet password. Since then he was never able to get back in.

As a last resort, he fed his entire old college computer's files into Claude, which found a buried wallet file, cracked the password, and recovered the keys.

AI did in one session what 11 years of manual attempts could not.

Strive Asset Management is converting SATA into the first US-listed stock to pay cash dividends every single business day.

The annual rate stays at 13%, but daily compounding pushes the effective yield to around 13.88% from 16th June.

The company holds 15,009 BTC on its balance sheet and is positioning SATA as a Bitcoin-backed alternative to money market funds for income-focused investors.

It will not be for everyone, but it has the potential to attract a wider pool of investors looking to earn a yield on short-term capital.

The Digital Asset Market Clarity Act has passed the Senate Banking Committee in a 15-9 vote, with two Democrats breaking ranks to back the bill alongside all 13 Republicans.

The Clarity Act would build a federal framework for digital asset trading, splitting oversight between the SEC and CFTC and setting rules for exchanges, brokers, and custodians.

This is the furthest a comprehensive US crypto market structure bill has ever progressed. It now moves to the full Senate, where it will need 60 votes to pass, before heading to the House and then the President's desk to become law.

Casey Neistat, one of YouTube's most recognised creators with 12.7 million subscribers, visited Bitcoin Beach in his latest vlog to El Salvador.

Most of his audience will not know the significance, but millions of people just saw a place where Bitcoin is working as real money. Not just a speculative investment as it is typically framed.

Kevin Warsh has been confirmed as the next chair of the Federal Reserve in a 54-45 Senate vote, making him the first incoming Fed chair to have held direct exposure to Bitcoin and digital assets.

Warsh has publicly described Bitcoin as "an important asset" and a signal of monetary credibility, saying it functions as a policeman for Fed policy. He holds a stake in Flashnet, a Bitcoin payments startup, and has ties to crypto index manager Bitwise.

The person soon to be in charge of US monetary policy does not see Bitcoin as a threat. That is a notable shift from anything that has come before.

What If Every Executive Recruiter on the Planet Became a Bitcoiner? That is not a thought experiment. It is Scott Ellam's actual plan.

Scott is back on the show six months after taking XCE public, explaining how structuring a recruitment business around a Bitcoin treasury can solve the problems that hold most private recruitment firms back from growing and eventually selling.

The episode is available here: YouTube, Apple Podcast, Spotify

1. M-Pesa has integrated Bitcoin Lightning addresses to 40 million users in Africa

2. Bury St Edmunds Bitcoin are hosting an all day “Bitcoin Pizza Day” event

3. King Charles declares UK ministers will proceed with the introduction of Digital ID

4. Square crosses over 1 million Bitcoin-enabled merchants

5. Trump has been buying shares in Strategy, Coinbase and MARA

6. Charles Schwab begins to offer Bitcoin trading to retail users

7. Morgan Stanley's Bitcoin ETF absorbs $194 million in first month with no net daily outflows

8. Dubai government now allows residents to pay taxes & fees with Bitcoin

9. Ordinals explorer Ord.io to shut down

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