SnapShot 222

Hello SnapShotters,

Following the formation of the Trump Media Group CRO Strategy, Crypto.com made another major announcement this week: A bold refresh of Level Up, its all-in-one rewards program in the App and Web. This revamp makes building wealth more accessible than ever, now featuring zero trading fees, flexible subscription options, and simplified Basic, Plus, Pro, and Private plans.

Against a backdrop of “Red September,” CRO continued to ride the momentum with a seven-day gain of about 83%, while the large caps attempted to soldier on in the face of selling pressures.

BTC dragged below $108K to start the month before inching above $111K. As “digital gold” took forward steps, physical gold hit its all-time high of $3,552 per ounce, propelled by inflation concerns and a likely Fed rate cut. Historically, gold and BTC prices tended to move in tandem. 

Despite U.S. spot ETF inflows — $441M for BTC and $1.1B for ETH — the market has been wrestling with Fed ambiguity in the lead-up to the FOMC meeting. Whether or not the Fed proceeds with a rate cut lies with the weighing of jobs data against inflation.

Let’s look into the other major headlines in the crypto world this week.

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

🏆 Crypto.com and Underdog Give Millions Access to Sports Prediction Markets

Underdog, the fastest-growing sports company in the U.S., and Crypto.com | Derivatives North America (CDNA), a CFTC-registered exchange and clearinghouse, announced that sports event contracts will be accessible to customers through Underdog. This partnership offers American sports fans a secure, federally compliant way to access CDNA sports event contracts and make predictions on the outcomes of their favorite sports events, all within the Underdog app. 

📊 92 Crypto ETFs Await SEC Nod

The U.S. Securities and Exchange Commission (SEC) is reviewing 92 crypto ETF filings, with SOL and XRP leading the pack alongside smaller coins like BONK and TRUMP. Analysts are expecting multiple approvals by October.

🏛️ U.S. Puts GDP Data On-Chain

The U.S. Department of Commerce has published Q2 GDP data on Bitcoin, Ethereum, Solana, and six other blockchains, becoming the first U.S. agency to release economic stats on-chain. Partnerships with Chainlink and Pyth will extend verified macro data into DeFi to support prediction markets and tokenized assets.

🌊 Hyperliquid Tops ETH and SOL in Revenues

In under a year, Hyperliquid raked in $409M in fees, outpacing Ethereum and Solana. In the process, it has also captured nearly 10% of BTC and ETH perpetuals volume. 

💅 Japanese Firm Nails BTC Strategy

Tokyo-listed nail salon Convano unveiled a $3B plan to buy 21,000 BTC by 2027, aiming to join the world’s top corporate holders. Shares have surged over 1,400% year-to-date, though experts warn such treasury strategies may rest on “shaky ground.”

🤝 SEC and CFTC Join Forces on Crypto

U.S. regulators announced a joint initiative to coordinate supervision of crypto markets, clearing the way for spot crypto trading on major exchanges like NYSE, Nasdaq, and CME. It widens compliance paths and institutional access to BTC, ETH, and more.

What’s Ahead

⏳September 11: U.S. August CPI

The Consumer Price Index (CPI) report lands this coming Thursday. Markets are watching to see if inflation stays around last month’s 2.7% YoY or picks up. A hotter print could shake expectations of a September rate cut, and a softer reading could rebuild dovish momentum.

Number of the Week

Source: Bloomberg

Chart of the Week

Ethereum On-Chain Volume

📊 Chart of the Week: ETH On-Chain Activity Overtakes 2021 High

Ethereum’s on-chain volume hit a record $341B in August, eclipsing its previous peak from May 2021. Growing corporate treasury accumulation, robust spot ETH ETF flows, and a backdrop of lower average fees have made transacting on Ethereum more attractive.

Ethereum’s resurgence this year highlights a dual role: It is still the dominant smart contract chain for DeFi and tokenized assets, and ETH is increasingly a core holding for institutions. 

As of August 31, 2025
Source: The Block

Crypto Trivia

Which of these football clubs has never sported a crypto-related sponsor on its kit?

A) Manchester United

B) Chelsea F.C. 

C) Brighton & Hove Albion

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

NFT Spotlight

Spanish digital artist Fran Rodríguez is back with another collection in his popular Cryptonauts series. 

Employing his iconic style of cosmic surrealism and psychedelia, ‘Time Travel Cryptonauts II’ introduces collectors to quantum time travellers who exist in the metaphysical realm.

Eligible collectors can receive a bonus collectible if they own at least five NFTs from this drop*.

Terms and Conditions apply.

Be part of a collection that bends space and time. Shop the drop now.

Product Updates

Level Up With Zero Trading Fees, Starting From US$4.99

Ready to take your wealth to the next level? We’re excited to introduce the revamped Level Up, now featuring zero trading fees and subscriptions starting at $4.99 a month. With the Pro plan, you get 5% yield on Cash, 3% back in CRO on Card spending, and more. Get started now. 

Please note product availability and pricing structure vary by jurisdiction. Launch the App/Web to learn more.

3 New Tokens Added to Staking

Toncoin (TON), Eigenlayer (EIGEN), and Eigenlayer ETH are now available for on-chain Staking in the Crypto.com App and Crypto.com Exchange, in addition to ETH, DOT, SOL, POL, ADA, AVAX, CRO, and more. 

Visit the blog for the full list of tokens available for on-chain staking, or the Help Centre for a step-by-step guide on how to get started. Try it now. 

Win a share of US$20,000 in dYdX Onchain Royale Season 2

By popular demand, the Crypto.com Onchain and dYdX Onchain Royale trading competition is back for Season 2. Now, it comes with a prize pool of $20,000 USDC to be won! Simply register for the competition and start trading to be eligible. Get started now.

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 Is SocialFi?

SocialFi, short for “social finance,” combines social media with decentralized finance. It allows creators, influencers, and communities to monetize engagement directly on blockchain-based platforms, without relying on centralized intermediaries.

Why it matters:

Creator empowerment: Users can issue tokens or NFTs to monetize their content and fanbase.

Decentralized ownership: Communities have a stake in the platforms they use, with governance rights built in.

New revenue models: From tokenized tipping to fan-driven economies, SocialFi creates fresh ways to earn and interact online.

Censorship resistance: Built on blockchains, SocialFi platforms aim to reduce risks of deplatforming or content takedowns.

Learn more in this University article.

CryptoIRL

@Cryptorockstar4’s morning made better with a lovely view and the Icy Card

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

$1.25M Lost in Fake MrBeast Crypto Scam

Entrepreneur Erik Bergman lost $1.25M in a crypto scam. After pledging $1M to Team Water — a donation even tweeted by MrBeast — he was invited by representatives into a WhatsApp group with fake celebrities and billionaires. 

The bad actors built trust through banter, before pitching a token with an urgency to buy in. Bergman, pressured by FOMO, invested over $1M. He only grew suspicious after spotting inconsistencies, like a U.S. influencer using a British number, and later confirmed with the real MrBeast that the entire setup was fake.

How to protect yourself:

1. Be wary of private groups: WhatsApp and Telegram are common scam fronts.
2. Question exclusivity: “Special” token deals often exploit FOMO.
3. Verify identities: Cross-check accounts and details before sending funds.

Crypto Trivia Answer

C) Brighton & Hove Albion ✅

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