Hey Nutters 🌰 — hope your coffee’s strong, because today’s lineup is hotter than a meme coin at its peak. From Solana trying to shed its “digital slop” past to Musk shaking the AI tree (again), we’ve got your market mischief covered. Let’s crack it open 👇

🏭 Business Nuts

Solana’s Suit-and-Tie Moment: From Meme Coin Mayhem to Wall Street Darling?

The crypto world’s most notorious party animal is finally sobering up. Solana — once the blockchain of meme coins, NFTs, and FTX baggage — is desperately trying to rebrand as Wall Street–worthy. And regulators might just buy the act.

📊 The legitimacy push:

• There’s $400B in crypto-linked securities now floating on U.S. exchanges, thanks to the ETF boom.

• The SEC faces an Oct. 16 deadline to rule on Solana ETF filings from Bitwise, VanEck, and Grayscale. Bloomberg analysts give approval a 95% chance.

• Canada’s first Solana ETF raked in $65M in two days — showing institutions are hungry for exposure.

👔 Cultural evolution (or identity crisis?):

• Solana co-founder Anatoly Yakovenko dismissed meme coins and NFTs as “digital slop,” angering users.

• The network has pivoted to serious deals — partnering with Visa, BlackRock, and Fiserv on blockchain-based capital markets.

• Solana’s token surged 820% since Aug. 2023, now the 6th-largest crypto with $99B circulating.

👉 Bottom line: Wall Street doesn’t care about Solana’s wild past — only about returns. If ETFs are greenlit, Solana could go from meme coin mascot to mainstream money mover overnight.

📰 Other Nuts You Should Crack

📦 Global shipping shake-up — Postal giants in Germany, France, and Spain paused U.S. shipments after the U.S. killed the de minimis exemption on low-value imports. More paperwork, more costs, less Amazon hauls for American shoppers.

☕ Coffee + soda crossover? — Keurig Dr Pepper is eyeing an $18B buyout of Peet’s Coffee. If it goes through, the deal would split Keurig’s coffee unit from soda — but sorry, no Dr Pepper Mocha Lattes (yet).

💻 Nvidia earnings watch — The world’s most valuable company ($4T+) reports this week. AI boom = record highs, but U.S.-China trade spats may cap future growth. Investors = glued to Wednesday.

🤖 Musk’s Grok goes open-source — xAI dropped Grok 2.5 as open-source software and plans to use it to simulate functions of companies like Microsoft. Musk = trolling Redmond.

🪙 Ether breaks records — Ethereum’s native token smashed through its 2021 all-time high (~$5,000/coin), cementing its spot as crypto’s silver medalist.

🚜 John Deere trims while it builds — Hundreds of layoffs, but a $20B bet on U.S. manufacturing. Stock’s still up 30% YoY. Investors see resilience.

🔥 OnlyFans prints cash — Owner pocketed $701M in dividends last year as platform revenue hit $1.4B. With 377M user accounts, a multibillion-dollar sale may be coming.

💸 Musk’s wild ask — Court filings revealed Elon Musk tried to get Mark Zuckerberg to finance a $97B takeover of OpenAI. Spoiler: Zuck said “nah.”

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💡What else are we reading and seeing?

• Creators making bank from AI slop videos

• ☠️ Capital Structure Design III: Pick Your Poison

• They’re rich, they travel, and love to complain

• Intel announces $89B U.S. government investment

• Investors weigh whether it's time to dump AI stocks

• Tech Giants Prepare to Challenge State AI Regulations

• Everything I Know about Self-Publishing

• How the Domino’s pizza tracker conquered the business world

• Women’s earnings take a hit from having kids, Wharton economist finds

• Private equity is struggling to raise money amid high interest rates and a downturn in dealmaking

🌰 That’s a Wrap

Meme coins putting on ties, postal services blocking your Amazon packages, and Musk still playing puppet master with AI drama — another day, another crack at the nut.

Thanks for cracking open Cash Nut with us 🥜 — see you tomorrow for more markets, money, and mischief.