SnapShot 218

ETH Treasuries and Dominance at a High

Hello SnapShotters,

Last weekend’s market slide, owing to weaker-than-expected U.S. jobs data and President Donald Trump’s imposition of tariffs, was shaken off by mid-week. The recovery was further compounded by Trump’s preparation to sign an executive order that permits crypto, private equity, and real estate in U.S. 401(k) retirement plans.

XRP bounced cleanly off its US$2.77 support to break past $3, Ether powered back from $3.3K to over $3.8K, and Litecoin posted the biggest single-day gain among large-caps at 11%. Bitcoin Cash nearly matched Litecoin; the strength in these Proof of Work assets may hint at renewed interest in leaner, faster Bitcoin alternatives, a pattern observed during prior alt rotations.

BTC ETFs saw $643M in outflows last week, a reversal from modest gains the week before. But ETH ETFs held their ground, pulling in $154M, extending a trend that has persisted since July’s breakout for ETH inflows. In no coincidence, total ETH treasury holdings by corporations have quadrupled in the last three months to hit $9.6B.

Let’s take a closer look at the other headlines setting the stage for August.

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

📜 SEC Clarifies Not All Liquid Staking Tokens Are Securities

The U.S. Securities and Exchange Commission (SEC) now says certain liquid staking receipt tokens (LSTs) do not qualify as securities, if providers perform only ministerial functions. Industry leaders say this opens the door to institutional-grade staking products, secondary markets for staked assets, and broader decentralized finance (DeFi) access without lock-up constraints.

🔗 Chainlink Launches Real-Time Data for Tokenized Assets

Chainlink’s new Data Streams service delivers high-frequency pricing for U.S. stocks and ETFs across 37 blockchains. Targeting the $30T tokenized real-world asset (RWA) market, it enables real-time, on-chain trading of equities and synthetic ETFs.

💵 USDe Scales $9.3B Market Cap Heights

Ethena’s synthetic dollar, USDe, surged 75% over the past month to a new all-time high of $9.3B. Driven by 11% yields from sUSDe staking and buzz around Stablecoin X, USDe inflows recently outpaced all BTC ETFs and even BlackRock’s iShares ETH ETF, though overall ETH ETFs still lead in net gains.

🤣 9GAG and Moonit Turn Viral Memes Into Tradable Tokens

Memes now mint money in real-time. 9GAG and Moonit have launched Meme Money Markets on Solana, using AI to tokenize viral content instantly without developers. It now boasts over 700K users and 300K tokens.

🧾 Crypto Salaries Triple, USDC Dominates Payrolls

Nearly 10% of crypto professionals received their salary in stablecoins in 2024, a threefold jump from 2023, according to a new global survey by Pantera Capital. Circle’s USDC accounted for 63% of these crypto payrolls. The report also found that 88% of token-based salaries now vest over four years.

What’s Ahead
🇧🇷 Brazil Targets BTC Reserve
On August 20, Brazil’s Chamber of Deputies will be hosting a public hearing to debate strategic Bitcoin holdings.

Chart of the Week

Total ETH Treasuries Holdings

As of Aug 3, 2025
Source: StrategicETHReserve, Crypto.com Research

📊 ETH Treasuries Near $10B as Institutions Accelerate Accumulation

The total value of ETH held in corporate and protocol treasuries surged to $9.6B as of August 3, almost quadrupling in just three months. ETH holdings have climbed 378% over that period, underscoring rising institutional appetite for the altcoin.

BitMine Immersion Tech (BMNR) leads the charge with 625,000 ETH, followed by Sharplink Gaming (SBET) with 438,200 ETH.

Research & Insights

Digital Asset Treasury Strategies: Yield, Hype, or Corporate Shift?

From Ethereum staking to DeFi yield farming, companies are now actively managing their on-chain reserves to grow net asset value, attract investors, and ride thematic waves like AI and RWA. But with higher returns come higher risks; altcoins bring more volatility, thinner liquidity, and uncertain regulation.

Is this just another bull market phenomenon, or the future of corporate finance in Web3 clothing?

👉Read the full report to unpack the data, strategies, and case studies fronting this emerging trend.

Crypto Trivia

What was the first cryptocurrency to be sent into space?

A) Bitcoin
B) Dogecoin
C) Ethereum

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

NFT Spotlight

Plunge into Adrián Balastegui’s next NFT collection, ‘Starlight Echoes – Treasure and Treachery’, and enter a world of daring pirates and swashbuckling swordfights! 

With his expertise in digital illustrations and 3D animations, the Barcelona-based artist brings the seafaring world to life in brilliant colours for his second drop with Crypto.com.

Collect unique characters that are inspired by famous, real-life pirates, and stand a chance to win a rare, custom character from the artist.

Hoist the sails and join the drop today.

Product Updates

Get Up to US$300 in Rewards as a New Stocks Trader

Make your first stock trade within 14 days of signing up and receive a Stock Reward Box. No minimum purchase required. Open it to reveal up to $300, redeemable for shares of a top S&P 500 stock of your choice. Make your first trade now. 

Automate Purchases in the Crypto.com App With Recurring Buy

Set up daily, weekly, bi-weekly, or monthly auto-purchases for over 400 tokens, now including Arena-Z (A2Z). Recurring Buy helps you stay disciplined, reduce emotional trading, and average your entry price across market cycles.

Learn how Recurring Buy works. 

Explore Dapps Faster With Crypto.com Onchain

The Crypto.com Onchain Dapp Browser just got a major upgrade. Browse trending decentralized apps (dapps) in real time, filter by network or category with a tap, and enjoy smarter search with instant suggestions as you type. Try it now

$1 Contracts Are Live for Sports and Prediction Trading

Predict major events across Sports, Finance, and Politics with less than $1. You’ll receive $1 for every correct contract you own, and you can trade multiple events at once. First up: Pro Baseball matches, now live in the Crypto.com App. More markets are coming soon.

Make your prediction in the Crypto.com App now.

New Token Listing

Full Moon (FM)

Moonlander is a decentralized perpetual trading platform on Cronos EVM and zkEVM chain, offering both a staking pool and on-chain perpetuals. The protocol provides users with enhanced capital efficiency, high leverage up to 1,000x, and a secure trading environment supported by robust price feeds.

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

The Evolution of Finance: TradFi. DeFi. Now DeFAI.

Finance is evolving, and each phase is reshaping how the world interacts with money.

Traditional finance (TradFi) is regulated and reliable, but can be slow, expensive, and inaccessible. DeFi emerged as a faster, more open alternative that removes intermediaries, but introduces complexity and risk. DeFAI, the fusion of DeFi and AI, is taking things further, using intelligent agents to automate strategies, reduce friction, and make DeFi more powerful, efficient, and accessible.

Every era of finance solves a problem the last one left behind. Together, TradFi, DeFi, and DeFAI move us closer to a system that works for all.
For a better understanding of their strengths and weaknesses, read the full breakdown in this University article.

CryptoIRL

Proof that @cryptowizardBTC and the Obsidian Card know how to pick a destination.
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

A Compromised Email Led to a $448K Crypto Theft. Here’s How.

Over $448,000 in cryptocurrency was stolen from a private investor in Cyprus after hackers breached the victim’s personal email account on June 11. The attack went unreported for six weeks, significantly complicating recovery efforts.

With no malware or phishing signs, the theft relied on email-based credential access and unauthorized transfers from a centralized exchange wallet, making it a textbook case of silent digital theft.

Authorities have not confirmed how the email was compromised, but warned that even a single weak personal account can lead to significant crypto assets, especially in self-custodied wallets where security is user-managed.

How to protect your crypto:

1. Use wallets with advanced protection features to store your crypto.
2. Rely only on trusted and reputable platforms to manage your assets and data.
3. Maintain strong cybersecurity hygiene by using unique, complex passwords, keeping your software up to date, and enabling multi-factor authentication wherever possible.

Crypto Trivia Answer

A) Bitcoin ✅

In 2019, Blockstream launched a satellite that broadcasts the Bitcoin blockchain from space. And in 2021, a physical BTC wallet was sent to the edge of space via a weather balloon.

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