SnapShot 221

History was made for Cronos and Crypto.com with the announcement of Trump Media Group CRO Strategy, a digital asset treasury company dedicated to acquiring CRO. Backed by up to $6.4B in funds, the firm aims to build America’s Cronos Treasury.

At closing, Trump Media Group CRO Strategy is expected to become the world’s largest holder of CRO, and what is believed to be the largest digital asset treasury company by market cap ratio in history. The entity will be majority-owned by Yorkville Acquisition Corp., Trump Media & Technology Group, and Crypto.com, with founding partners committing to a one-year lock-up on shares, followed by a three-year staggered release schedule.

In a separate announcement, Trump Media & Technology Group and Crypto.com revealed a strategic partnership to integrate CRO as a utility token and embed Crypto.com’s wallet infrastructure into the Truth Social and Truth+ platforms. It marks yet another leap forward for the #CROFam.

Market Spotlight

Note: Market prices captured in USD at the time of sending. Explore more on Crypto‌.com/Price. 

Want more? Get weekly Market and DeFi Updates from Crypto.‌com’s Research Team.

News Snaps

💠 ETH Clips Past 2021 ATH

ETH briefly topped $4.9K over the past weekend after Federal Reserve (Fed) Chair Jerome Powell’s closing act at Jackson Hole. However, the rally was short-lived; ETH cooled to the $4.6K support and BTC slumped below $110K, as the wider market absorbed the effects of liquidations. 

📉 Crypto ETF Flows Reverse 

U.S. spot BTC ETFs saw $1.2B in outflows over the last week, while ETH inflows lost $241M, cooling from record levels the week before. By this week, ETH ETF inflows had resumed.

⚡ Solana Hits 104K TPS, $8.6B DeFi TVL

Messari’s Q2 report showed Solana briefly hitting 104,529 transactions per second (TPS) in a mainnet stress test, while DeFi’s total value locked (TVL) climbed 30% quarter-on-quarter to $8.6B. Real-world assets (RWA) also reached $391M, as the chain gears up for Alpenglow, a consensus overhaul targeting sub-second finality.

🌏 Asia’s Wealthy Stacking Crypto

Family offices and high-net-worth investors across Asia are ramping up exposure to digital assets. Rising ETF adoption, new funds in Singapore, and Hong Kong’s stablecoin rules have expedited the trend, as crypto shifts from niche allocation to portfolio must-haves.

🇵🇭 Philippines Mulls Strategic BTC Reserve

A new bill has proposed that the central bank accumulate 10,000 BTC over five years, locked for two decades as a sovereign reserve. If passed, the measure would make the Philippines one of the first Southeast Asian nations to legislate a formal Bitcoin treasury.

What’s Ahead

⏳ September 16 to 17: FOMC Meeting

Markets are pricing in an 87% chance of a 25 bps rate cut at the September Federal Open Market Committee (FOMC) meeting, brought about by Powell's “easing bias” and growing labor market concerns. Employment and inflation readings, as well as updated Summary of Economic Projections (SEP) projections, are the key drivers to watch.

Number of the Week

Source: CoinTelegraph

Chart of the Week

ETH Futures Open Interest

📊 Chart of the Week: ETH Futures Heat Up

ETH held by public companies jumped 67% week-over-week, as ETH briefly topped $4,900 on August 25 and broke its previous all-time high in 2021.

Derivatives traders piled in too: ETH futures open interest surged to a record $70.1B on August 23, a sign of heightened conviction and intensified institutional demand.

As of August 24, 2025
Source: CoinGlass, Crypto.com Research

Crypto Trivia

Which cryptocurrency had its whitepaper published before Bitcoin's, but never reached mainstream adoption?

A) Litecoin
B) Bitcoin Cash
C) Hashcash 

Find the correct answer at the end of this newsletter. 👇

NFT Spotlight

Journey to a realm where silence engulfs the senses and time stands still, as you trek across vast dunes and dreamscapes in ‘DESERTSCAPES’.

This NFT collection marks the debut drop of digital artist Arijit Naskar, who is known for exploring surreal and spiritual themes through visual storytelling. 

Collectors stand a chance to win multiple NFTs, physical art prints, and coupons for merchandise purchases*.

*Eligible holders only.  Terms and Conditions apply.

Wander the dunes of time. Shop the drop today.

Product Updates

ETH Liquid Staking Is Now Available in the U.S.

In addition to SOL, Liquid Staking for ETH is now available for U.S. users in the Crypto.com App. Liquid Staking allows you to benefit from staking rewards and capture market opportunities at the same time. You can enjoy zero conversion fees when wrapping ETH to CDCETH, and easily trade CDCETH via Cronos EVM and Ethereum. Try it now. 

Onchain Referral Rush Reminder: US$50,000 in CRO Up for Grabs
Invite your friends to join the Onchain community, and earn from a reward pool of US$50,000 in CRO. You can refer as many friends as you wish; you’ll receive up to $5 worth of CRO when your referrals complete a few simple tasks, and they’ll receive up to $15 in CRO. Learn more. 

This is informational content only and should not be considered as an investment recommendation. Some Crypto.com products may not be available in some jurisdictions.

Crypto Learn

What Are Crypto Treasuries?

A crypto treasury is a reserve fund of digital assets, as opposed to cash or traditional securities. It is a strategy that corporate finance has taken notice of since 2020. Companies aim to manage risk and keep pace with innovation by adding BTC, ETH, or other tokens to their balance sheets.

Why some firms hold crypto in their treasury:

• Diversification: Crypto’s low correlation with equities and bonds can soften downturns.
  
• Branding: Names like Strategy and Tesla turned holdings into proof-points of innovation.

The trade-off? Volatility. But as institutions and governments weave crypto into financial systems, crypto treasuries are becoming more normalized, potentially setting a new standard in corporate strategy.

Learn more about crypto treasuries in this Crypto.com Research & Insights report.

CryptoIRL

@Cryptorockstar4 closed out last week in style with a vino and the Icy Card. How’s your week going?

Hashtag #CryptoIRL with your Crypto.‌com Card on your social profiles to get featured! Your 15 minutes of fame in the #CROFam awaits you!

Security Tips

New Scam-as-a-Service Drainer Targets Wallets With US$5M Heist
A new scam-as-a-service tool called Vanilla Drainer has reportedly stolen at least US$5M in three weeks, targeting crypto users through phishing sites and fake promotions.

The kit lets cybercriminals quickly spin up wallet drainer campaigns that trick victims into connecting wallets to malicious smart contracts. Once connected, funds are siphoned instantly with no chance of recovery.

How to stay safe:

1. Never connect your wallet to links from ads, DMs, or pop-ups.
2. Use a separate wallet for testing new dapps, and keep large funds offline.
3. Double-check project domains with official sources before engaging.

Crypto Trivia Answer

C) Hashcash ✅ 

Hashcash was proposed in 1997 by cryptographer Adam Back as a way to fight email spam using Proof of Work (PoW). While never used as a currency, the concept of Hashcash’s PoW formed the inspiration for Bitcoin’s consensus mechanism.

That's it for this week's SnapShot. Want more? Find out what’s trending in the crypto world.