SnapShot 207

BTC reaches new ATH, new CRO Trust debuts, a regulatory win takes shape

Hello SnapShotters,

This week, Bitcoin rose above a volatile market to hit its new all-time high (ATH) of US$112,000, while Ethereum cooled off from last week’s Consumer Price Index (CPI) and Pectra-powered rally, pulling back from US$2,700.

Still, May might defy its usual “buy in May and go away” script. Crypto bulls are sticking around, buoyed by fresh exchange-traded fund (ETF) inflows and a revived path forward for the GENIUS Act. Spot BTC ETFs logged another US$608 million in inflows (marking five straight weeks of net gains), while ETH ETFs reversed course with a US$42 million inflow after last week’s dip.

Macro signals offered a mixed bag. Although CPI data brought renewed optimism, U.S. Federal Reserve Chair Jerome Powell warned that long-term rates may stay elevated. Additionally, Moody’s downgraded the U.S. credit rating, citing ballooning national debt, and markets are already eyeing U.S. President Donald Trump’s looming July 9 trade deadline as a volatility trigger.

Let’s dive into this week’s major storylines.

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

📊 First-Ever CRO Private Investment Vehicle to Launch

This week, Crypto.com and Canary Capital announced the establishment of the Canary CRO Trust, a private investment vehicle providing U.S. accredited investors with exposure to CRO.

🧠 GENIUS Act Clears Key Senate Vote

The U.S. Senate’s stablecoin bill, dubbed the GENIUS Act, passed a crucial cloture vote, reviving its chances just days after a failed attempt. The legislation will create a legal framework for stablecoins and potentially attract a wave of Wall Street capital.

🪪  Crypto.com Secures MiFID License in Europe

In another milestone for Crypto.com this week, the Company has secured its MiFID license to offer traditional investment services, including securities and derivatives, in the European Economic Area.

🇸🇬 Singapore Recalibrates Crypto

Although crypto ownership in Singapore dipped from 40% to 29% between 2024 and 2025 due to profit taking, crypto awareness hit a record 94%, with most users holding BTC, ETH, and stablecoins.

📈 XRP Futures Debut on CME

CME Group has launched XRP and Micro XRP futures, giving institutions regulated tools to trade the token. It hit US$15 million in volume on the first day of trading, and sparked speculation that a U.S.-listed spot XRP ETF is on the cusp.

🎮 NFT Market Rebounds to US$4.8B

Non-fungible tokens (NFTs) jumped 69% to a US$4.8 billion market cap — the highest since February 2025 — driven by utility-focused Web3 games, even as active users dipped 10% in April.

What’s Ahead

📋 U.K. to Mandate Crypto User Data Collection

Starting January 2026, U.K. crypto firms must collect extensive user data — including addresses and tax IDs — and report every user transaction. Non-compliance could cost up to £300 per user, signaling a tightening grip on crypto tax reporting.

Number of the Week

Chart of the Week

The global number of crypto owners has surged to 700 million as of May 2025, up from just 65 million in May 2020, representing a compound annual growth rate of 163% in the last five years. This trend points toward growing mainstream adoption and regulatory traction, with user growth accelerating through late 2024 and early 2025.

Crypto Trivia

Cardano’s native cryptocurrency is named after which historical figure?

A) Marie Curie
B) Rosalind Franklin
C) Ada Lovelace

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

Product Updates

Buy Any Solana Token With Your Cash Account in the Onchain Wallet

You can now buy Solana-based tokens in Crypto.com Onchain using your Crypto.com App Cash Account. Simply connect your Crypto.com App to the Onchain wallet; you can choose to pay with Google Pay or a credit/debit card. Try It Now.

Crypto.com Web Is Now Available in More Than 160 Countries

With the Crypto.com Web, you can now start trading over 350 tokens after a simple onboarding process, without having to download the App. For users with the App, you can easily access your Crypto.com App account on any desktop or mobile browser by scanning the QR code on the login page. Check it out now.

On-Chain Staking Is Now Available in Canada

On-chain Staking is now available in Canada! Put assets like CRO, SOL, ETH, and more to work, and receive rewards for helping to secure blockchain networks. You also enjoy the flexibility of unstaking your assets in a secure and convenient manner. Stake Now.

Major Events Have Been Added to Crypto.com Sports

Two major championships have been added to Crypto.com Sports! U.S. users can now profit by correctly predicting the outcomes of Tennis and Racing championships in the Crypto.com App or on the Crypto.com Web. Go to the Sports tab to get started. Place Your Predictions 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 XRP?

XRP is the native digital asset of the XRP Ledger. Originally conceptualized in 2004 and launched by three engineers in 2012, XRP has grown into one of the largest cryptocurrencies by market capitalization. Designed to complement existing financial systems, XRP acts as a bridge currency in global payment networks.

Key Use Cases:

• On-Demand Liquidity (ODL): Enables real-time, low-cost currency conversion for cross-border payments.
  
• Remittances: Facilitates fast, affordable transfers across global corridors, especially in underserved regions.
  
• CBDC Development: Supports governments in issuing and managing digital fiat via Ripple’s private XRP Ledger.

Read more about XRP in this University article.

CryptoIRL

The Crypto.com Ruby Steel Card and @_silverstar88_ owning the day in a fearless kind of way.

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

Digital Identity Theft on the Rise: What You Need to Know

In 2025, experts estimate that over 50 billion digital identities could be compromised globally. For cybercriminals, that’s all it takes to impersonate you, seize your funds, or lock you out of your accounts entirely.

How Digital Identities Get Stolen

• Phishing: Fake sites or emails trick users into giving up sensitive info.
• Social Engineering: Users are manipulated to reveal confidential data.
• Credential Stuffing: Bad actors use leaked passwords across platforms, exploiting users who reuse credentials.

Signs Your Identity May Be Compromised

• Receiving password reset notifications you didn’t request.
• Unexpected logouts or being locked out of accounts.
• New accounts or unfamiliar transactions showing up.

If your digital identity is stolen, act fast. Update passwords, enable multi-factor authentication (MFA), revoke suspicious access, freeze accounts, and report the breach immediately.

Crypto Trivia Answer

C) Ada Lovelace. Cardano’s ADA token is named after Ada Lovelace, a 19th-century mathematician widely regarded as the world’s first computer programmer.

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