SnapShot 231

Hello SnapShotters,

The first trading week of November remained firmly risk-off as bitcoin slipped below US$100,000 for the first time since June, and Ether dove 10% to a low of $3,200. Other large-cap altcoins also posted double-digit losses. The total crypto market cap fell below $3.7 trillion, mirroring the October mass liquidation event, as fragile sentiments continued to reign after U.S. Fed chair Jerome Powell’s hawkish remarks last week.

Traders are now bracing for the U.S. jobs report, a release that could decide the market’s next leg. A softer print may revive optimism, but any surprise swings in unemployment numbers could deepen risk aversion.

Institutional movements are mixed. While spot ETFs have faced weakening demand, Treasury accumulation continues, with BitMine Immersion adding more than 82,000 ETH to its holdings last week. Spot BTC ETFs corroborated the price decline, with cumulative outflows surpassing $1.9 billion in the last five sessions. 

Historically, market observers have viewed November as a seasonally buoyant month, given that BTC closed green eight times and red four times since 2013. However, the recent bearish pressures and the lack of major catalysts in the near-term have cast doubts on the “year-end rally” narrative.  

Here are the week’s top stories shaping the early days of the month.

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

🇭🇰 Hong Kong to Let Crypto Exchanges Tap Global Liquidity

Hong Kong’s Securities and Futures Commission (SFC) will allow licensed crypto exchanges to connect to global platforms through shared order books, giving local users access to deeper liquidity and better prices. Previously, trading was limited to orders placed and settled within Hong Kong.

🎬 Hollywood.com Partners with Crypto.com for Entertainment Prediction Markets

Hollywood.com has announced an exclusive collaboration with Crypto.com | Derivatives North America to launch entertainment-focused prediction markets in the U.S., allowing U.S. users to trade event contracts tied to movies, music, television, and major award shows. The partnership follows Crypto.com’s recent Truth Social deal to bring prediction markets to politics.

💹 Bitwise and Grayscale Set Fees for XRP and Dogecoin ETFs

Bitwise and Grayscale have disclosed management fees for their proposed XRP and Dogecoin ETFs, pressing ahead with launches despite the U.S. Securities and Exchange Commission (SEC)’s limited operations under the ongoing government shutdown. Bitwise set a 0.34% fee for its XRP ETF, while Grayscale listed 0.35% fees for both its XRP and DOGE funds. 

​​🤖 Donut Labs Raises $22M to Build AI-Powered Crypto Browser

New York-based Donut Labs raised $22 million to develop what it calls the first AI-driven browser for crypto traders, capable of researching markets, analyzing data, and executing trades autonomously. The platform dynamically selects AI models for different tasks, pulling data from various sources while keeping wallet authorization separate for added security.

🛡️ Zcash Creator ECC Unveils Q4 Roadmap as Privacy Token Soars

Electric Coin Co. (ECC) outlined its Q4 2025 roadmap for Zcash (ZEC), focusing on stronger privacy and smoother wallet operations. Key updates include ephemeral addresses for every swap, new transparent address generation after receiving funds, and multisignature support for the Keystone hardware wallet.

What’s Ahead

📅 November 13: Canary Capital Eyes Spot XRP ETF Listing

Canary Capital is targeting a November 13 debut of its spot XRP ETF on Nasdaq, after removing the “delaying amendment” from its SEC filing.

Number of the Week

Source: DeFiLlama

Chart of the Week

Stablecoins Dominate Daily Crypto Revenue

Stablecoin issuers continue to account for the lion’s share of crypto revenue, maintaining a steady 60-70% market share throughout 2025.

By contrast, derivatives protocols and blockchain networks hold the next largest segments, each capturing roughly 10-15% of total daily revenue. Their shares have remained relatively consistent since mid-year, even as market volatility fluctuated.

Meanwhile, DEXs, launchpads, and other niche sectors have contributed marginally, showing the ecosystem’s consolidation around settlement and trading primitives rather than speculative niches.

As of November 1, 2025
Source: The Block, DeFiLlama, Crypto.com Research

Crypto Trivia

What’s the first VHS tape to be recorded on the blockchain as an NFT?

A) The Matrix

B) Back to the Future

C) The Terminator

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

NFT Spotlight

Gothic fantasy gets an adorable twist in ‘Ambery Cuties’, the latest NFT drop from acclaimed digital artist ArtemisArt, known for bold storytelling and immersive visuals.

Inspired by Tim Burton’s dark, whimsical animations, these autumn-themed characters mix cuteness with a dash of the macabre, bringing cosy vibes and magic to life.

Collectors stand to receive unique NFT airdrops from ArtemisArt’s previous collections.

Grab your very own Cutie and shop the drop today!

Crypto Learn

Bitcoin vs Litecoin: What’s the Difference?

At first glance, Bitcoin (BTC) and Litecoin (LTC) may appear similar; both are decentralized, peer-to-peer digital currencies, but they were built for slightly different goals within the crypto ecosystem.

Shared Foundations:

• Decentralized Payments: Both enable fast, borderless transactions without intermediaries.
• Scarcity by Design: Bitcoin has a supply cap of 21 million; Litecoin’s is 84 million.
• Proof of Work (PoW): Both rely on miners to validate transactions and secure the network.

Key Differences:

• Transaction Speed: Litecoin’s block time is 2.5 minutes, about four times faster than Bitcoin’s.
  Fees and Accessibility: Litecoin typically offers lower fees, making it better suited for everyday payments.
  Market Role: Bitcoin is seen as digital gold, or a store of value. Litecoin acts as digital silver, practical for smaller and more frequent transfers.

Learn more about the two in this University article.

CryptoIRL

Happy National Cappuccino Day! Here’s cromayoole’s caffeinated treat, courtesy of the Rose 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

UK Sees Spike in Fake Crypto Scams Targeting Everyday Investors

Millions of pounds have been lost as fraudulent crypto investment schemes flood the UK.

In many cases, scammers impersonate legitimate advisors or trading platforms, promising safe, high-return opportunities to lure victims.

Once funds are deposited, the money is quickly moved through crypto wallets, making recovery almost impossible. Regulators warn that many of these scams use professional-looking websites, social ads, and fake endorsements to appear credible.

How to Avoid Fake Crypto Scams:

1. Only invest amounts that can be comfortably spared. 
2. Conduct thorough research before sending funds or investing.
3. Use licensed and regulated platforms.

Crypto Trivia Answer

C) The Terminator  ✅

A collector wrapped a physical VHS of ‘The Terminator’ with NFT-linked proof of ownership and authenticity, creating the first VHS-based NFT artifact.

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