SnapShot 267

Hello SnapShotters,

Who have you got lifting the trophy in New York–New Jersey? 

A few participating nations in the FIFA World Cup have also been making waves off-field and onchain, such as Japan, South Korea, and the UK. As for host U.S., President Donald Trump put a clock on the Senate to pass the CLARITY Act.

Thanks to a cooler-than-expected CPI and PPI, BTC retook US$65,000 and ETH crossed $1,900*. The dialed-back rate hike expectations also helped the stock market offset semiconductor losses. On July 14, U.S. spot BTC and ETH ETFs celebrated inflows, just after nursing the largest single-day BTC ETF outflow of July one session earlier.

Now, let's look at this week's biggest stories from across the crypto world.

*Past performance is not a reliable indicator of future results.

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News Snaps

🦁 Crypto.com secured a $400 million investment from Citadel Securities, valuing the exchange at $20 billion.

🏦 Circle received final approval from the Office of the Comptroller of the Currency (OCC) to establish a national trust bank.

🚗 Hyundai became the first major South Korean company to deploy stablecoin-based cross-border treasury transfers using Avalanche.

₿ The Bitcoin Improvement Proposal 110 (it restricts non-financial data stored on the blockchain) still isn’t a hit with miners ahead of its August deadline.

🇯🇵 In Japan, convenience store giant Lawson is piloting stablecoins, while SBI VC Trade launched JPYSC lending, following a crypto bill amendment.

🇬🇧 The UK is set to defer capital gains tax on qualifying crypto lending and DeFi transactions from April 2027 onwards.

🗓️ What’s Ahead:

• July 23: European Central Bank’s monetary policy update
• July 28: Zcash’s Ironwood network upgrade
• July 28 to 29: FOMC interest rate decision

Chart of the Week

How Are the Japanese Yen and Bitcoin Connected?

The relationship between Bitcoin and USD/JPY has turned into one of its strongest negative correlations since 2022: as the USD/JPY pair rises (meaning the yen is weakening), BTC falls, and vice versa.

It’s a reminder that currencies function as signals as much as crypto-native catalysts.

See what the data is saying in this week's Market Pulse

As of July 9, 2026

Sources: Crypto.com Research, CoinGecko, Yahoo Finance

Crypto Trivia

Both the Consumer Price Index (CPI) and the Personal Consumption Expenditures (PCE) are closely watched by investors to track inflation and predict what the Federal Reserve might do with interest rates. What exactly are their differences?

A) CPI tracks only the out-of-pocket expenses paid directly by urban households, while PCE has a broader scope that includes expenditures made on behalf of consumers by third parties (e.g., employer-paid health insurance).

B) CPI tracks the price of wholesale manufacturing materials, while PCE tracks retail consumer luxury items.

C) CPI tracks price changes strictly within the U.S., while PCE tracks global price changes across international borders.

Find the correct answer at the end of this newsletter.

Digital Drops

Vanguard Blitz drops on July 24 with one week to climb the leaderboard. Over $10,000 in $CRO to be earned for the top 1,000. Get ready.

Security Tips

MrBeast Spam on Threads Linked to Massive Crypto Scam Network

A network running more than 10,000 malicious "crypto casino" websites is using spam accounts on Meta's Threads app to lure victims — often via replies to popular posts featuring fake MrBeast endorsements. The sites promise sign-up bonuses and display fake winnings, then pressure users to deposit real funds they will never recover.

Learn how this scam network operates and what to look out for

Source: Engadget

Crypto Trivia Answer

A) CPI tracks only the out-of-pocket expenses paid directly by urban households, while PCE has a broader scope that includes expenditures made on behalf of consumers by third parties (e.g., employer-paid health insurance). ✅

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