SnapShot 199

Trump x Crypto.com ETF series, Standard Chartered swaps Tesla for Bitcoin, and BTC now accounts for a respectable share of global money supply

Hello SnapShotters,

In an announcement this week, Trump Media & Technology Group is partnering with Crypto.com to launch a series of ETFs, including a first-of-its-kind ETF basket of cryptocurrencies with CRO and other crypto assets.

Meanwhile, Standard Chartered created a new twist on the popular ‘Magnificent Seven’ stock index — dubbed ‘Mag 7’ — by swapping Tesla shares for Bitcoin, which thus far has significantly boosted returns and reduced volatility. The experiment, which started tracking performance from October 2020, highlights Bitcoin’s rising appeal as an alternative investment alongside big tech firms like Apple, Microsoft, and Nvidia.

And these numbers are adding up. Bitcoin’s over $1.7 trillion market cap now accounts for over 1.3% of the total global money supply.

More details and crypto news below.

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 Closes Investigation into Crypto.com

In a monumental milestone for Crypto.com and the greater community, the U.S. Securities and Exchange Commission (SEC) closed its investigation into Crypto.com, with the SEC not pursuing any enforcement action against Crypto.com. Notably, Crypto.com was the only full-service global cryptocurrency exchange to avoid being sued by the SEC or to have settled any allegation against it.

Crypto.com Partners With Trump Media & Technology on ETFs

In a historic announcement this week, Trump Media & Technology Group is partnering with Crypto.com to launch a series of ETFs, including a first-of-its-kind ETF basket of cryptocurrencies incorporating CRO and other crypto assets. Crypto.com will support the backend technology with its recognized industry-leading security certifications and supply all the cryptocurrency for these ETFs, which will be available for purchase through Crypto.com’s broker-dealer, Foris Capital US LLC.

🇪🇺 BlackRock Launches Europe Bitcoin ETP

This past Tuesday, BlackRock launched iShares Bitcoin ETP in Europe, its first crypto-backed product outside North America, following the success of its dominant U.S. spot Bitcoin ETF, IBIT.

📈 Bitcoin Mag 7

Standard Chartered created a new twist on the popular ‘Magnificent Seven’ stock index — dubbed ‘Mag 7’ — by swapping Tesla shares for Bitcoin, which has thus far significantly boosted returns and reduced volatility.

📝 Fidelity Enters SOL ETF Game

Cboe BZX Exchange filed a 19b-4 form with the SEC on Tuesday to list the Fidelity Solana Fund. The filing came just a few days after CSC Delaware Trust Company registered a new statutory trust entity also named Fidelity Solana Fund.

🎮 GameStop Adds BTC as Treasury Asset

GameStop will be joining the growing list of companies adding BTC to its treasury after its board unanimously approved the addition. The company, which made headlines after its stock was short-squeezed in 2021, made the news again when its CEO was spotted at Donald Trump’s Mar-a-Lago Club. 

🏦 U.S. Banks Partner to Issue Stablecoin 

U.S.-based Custodia and Vantage Banks revealed they are working toward “America’s first-ever bank-issued stablecoin” on a blockchain. The stablecoin, named ‘Avit’, will be supported by Custodia in the form of tokenized U.S. dollar demand deposits.

What’s Ahead

🪙 SEC Schedules Four More Crypto Roundtables

After hosting its first crypto roundtable on March 21, the U.S. SEC unveiled four more upcoming roundtables in the coming months, which will focus on crypto trading, custody, tokenization, and decentralized finance (DeFi).

Number of the Week

Chart of the Week

Tether was the seventh-largest buyer of U.S. treasuries in 2024 at $33.1 billion, exceeding Canada. 

This provides backing for the issuance of its USDT stablecoin, which had a market cap of $144 billion as of March 23, 2025. This also coincides with an increase in stablecoin adoption, with USDT’s market cap increasing 50% ($46 billion) last year.

Crypto Trivia

Which of the following stablecoins is backed primarily by cryptocurrency rather than fiat currency?

A) USDT (Tether)
B) USDC (USD Coin)
C) DAI

Find the correct answer at the end of this newsletter 👇

NFT Spotlight

Clay, you say?

Spanish artist Zinkete is back for his fifth NFT drop to present brand-new creatures in the world of clay, with ‘The Niiplz Genesis’ collection, which drops on Monday, March 31. The Niiplz “are creatures whose life form is based on clay. Their bodies can change shape, color, and texture depending on their environment and state. They are constantly exploring new forms and interactions, making each one unique.”

Diego M. Montes, known as Zinkete, is a character designer and 3D artist “with a long career as a mercenary artist for video games, cartoon series, and movies.” He considers himself “a diverse human being,” and “loves drawing with pencil or digital media,” embracing both 2D and 3D techniques.

“The Niiplz have a parallel way of thinking, and their solutions and philosophy on life are quite peculiar, to say the least.” You can find Zinkete and his “crazy characters in the space where the ‘cute’ and the ‘awkward’ join.”

Somewhere “between the critic and the absurd — always looking for complicity and empathy with the viewer.”

Are you more for the crazy? The cute? Or the awkward? From a kid who’s always drawing.

Product Updates

Introducing the New Rewards Hub in the Crypto.com App

The most rewarding crypto App just got an upgrade with the new and improved Rewards Hub! You can expect to see a brand-new intuitive interface; new features like Total Rewards, which consolidates all your Rewards Hub earnings into one place; and new ways to earn diamonds, like a streak counter. Check it out now!

Crypto.com Earn Limited-Time Offer: Receive 15% p.a. on CRO

Crypto.com Earn is back with yet another exciting offer. You can now receive 15% p.a. on a CRO 12-month fixed-term plan on Crypto.com Earn with no allocation cap or tiered rewards structure. This offer is available for a limited time and only in select jurisdictions. For more details on this limited offer, visit the blog. Start earning and allocate now!

Introducing a New Security Tab in Crypto.com Onchain

Crypto.com Onchain has added an all-new Security Tab, which will allow users to trade with greater peace of mind. The Security Tab allows you to assess a token’s risk level at a glance so you can be better aware of code integrity and spot deceptive contracts that harbor malicious functions. Download Onchain now.

New Events Have Arrived to Crypto.com Sports
A new major event has arrived to Crypto.com Sports. You can make predictions for Men’s College Basketball Tournament games in the Crypto.com App or on the Crypto.com Web now. Profit if you’re correct and receive your payment when the contract settles. You can also choose to close your position at any time to secure profit or stop losses. Try it now.

New Token Listings

Fartcoin (FARTCOIN)

Fartcoin is a meme coin on the Solana blockchain combining humor and community engagement, with origins tied to Truth Terminal, an AI chatbot on X.  

Walrus (WAL)

Walrus is a decentralized storage network built on the Sui blockchain, designed to efficiently handle large, unstructured data files, such as videos, images, and audio. 

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

An Introduction to Staking Crypto

Staking allows cryptocurrency holders to earn rewards by participating in the Proof of Stake (PoS) consensus mechanism, contributing to the network’s security and operations.

There are three key ways to stake crypto:

Become a validator: Stake a significant amount of crypto, set up the required hardware or software, and perform validation tasks.

Join a staking pool: Combine smaller stakes with others in a pool. The validators handle the work, and rewards are distributed to stakers after fees.

Lock up tokens with exchanges: Lock tokens with exchanges to receive staking rewards. You can choose which crypto assets and how much you want to lock up, which will determine your rewards. 

Offering both flexibility and long-term growth potential, staking is a popular method to generate additional income from idle crypto assets.

Learn more about staking in this University article.

CryptoIRL

The Lion checking off more bucket-list items, in a Pixar kind of way. Here, the Crypto.com Royal Indigo Card hangs with @Redbach0013 and fam in Brussels on a journey through their favorite stories.

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

DOJ to Return $7M Seized From Crypto Scammers

The U.S. Department of Justice (DOJ) has retrieved $7 million stolen through cryptoinvestment scams and plans to return the funds to affected victims.

Scammers first built trust through social engineering and directed victims to professional-looking investment sites that seemed legitimate. These sites displayed false profits to encourage more deposits, but withdrawal attempts triggered fake fee demands, preventing users from getting their funds back.

How to avoid social engineering scams:

1. Be skeptical of high returns, and trust your instincts. If something feels off or seems too good to be true, it may be a scam.
2. Always research platforms, offers, and individuals before committing money. You can look for official registrations or real user reviews.
3. Double-check websites and emails to avoid using a fake version of a legitimate platform.

Crypto Trivia Answer

C) DAI is a decentralized stablecoin backed primarily by cryptocurrencies (like Ethereum) rather than fiat currencies.

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