SnapShot 232

Hello SnapShotters,

Bitcoin slid 5.4% last week to below US$100,000 for the first time since May, while Ethereum fell 8.5% — both weighed down by net outflows from U.S. spot BTC ETFs ($1.2 billion) and ETH ETFs ($508 million) as investors turned defensive ahead of the U.S. government shutdown deadline. Congress eventually passed a last-minute funding bill, sparking renewed risk appetite and a weekend rebound across key assets.

In a standout development, U.S. spot SOL ETFs saw nine straight days of net inflows totaling $336 million, outperforming BTC and ETH funds and reflecting growing institutional interest in alternative Layer-1 tokens. Meanwhile, Filecoin and NEAR rallied sharply — up 67% and 38%, respectively — driven by anticipation for the Filecoin Developer Summit and mounting excitement in the AI and decentralized infrastructure sectors.​

Crypto.com and MyPrize partnered to launch MyPrize Markets in the U.S., a first of its kind product allowing users to access social gaming and prediction markets within one unified platform. Meanwhile, Japan’s regulators backed a multi-bank yen stablecoin initiative, and Ripple raised $500 million to expand its U.S. prime brokerage product — rounding out a week of notable launches and adoption headlines as markets eyed mid-November catalysts.

Let’s catch up on other newsworthy crypto happenings 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

🇺🇸 U.S. Senate Unveils Landmark Crypto Framework

The U.S. Senate has introduced a sweeping bipartisan bill to regulate digital assets, marking a major step toward clear federal oversight of crypto markets. The proposal defines how tokens, exchanges, and stablecoins will be governed, aiming to bridge gaps between the SEC and CFTC while protecting investors.

💼 Hedge Funds Increase Crypto Exposure

More than half of global hedge funds are now investing in crypto, according to a Reuters survey. The report highlights growing institutional confidence, with funds citing bitcoin ETFs and improved custody infrastructure as key factors. Around 68% of participants said they plan to expand their digital asset strategies in 2026.

💰 Fireblocks, Polygon, Solana, Stellar, and TON Form Stablecoin Alliance
Crypto infrastructure firm Fireblocks teamed up with Polygon, Solana, Stellar, and TON to launch the 10T Consortium, which aims to standardize stablecoin payments across blockchains. The initiative will develop interoperability and compliance frameworks to make stablecoin transfers more efficient and enterprise-ready.

🇮🇳 India’s Tier-2 Cities Outpace Metros in Crypto Growth

Crypto adoption in India’s smaller cities is accelerating faster than in major metros, Times of India reports. Indore, Jaipur, and Surat are emerging as hotspots for first-time crypto investors, driven by easier access to trading apps and rising financial literacy. Experts say the shift signals a growing appetite for digital assets beyond India’s urban centers.

🏦 Ripple Sets Sights on Traditional Finance

After building a strong foothold in crypto payments, Ripple Labs is now expanding into mainstream finance, CNBC reports. The company plans to offer blockchain-based infrastructure to banks and institutions for faster cross-border settlements, moving beyond XRP into enterprise-grade financial services.

What’s Ahead

📅 What’s Ahead: Cardano’s Midnight Plans Take Shape

Cardano founder Charles Hoskinson unveiled new details for Midnight, a data-protection sidechain designed to enhance privacy and security for enterprise use cases. The roadmap includes expanded developer tools and smart contract capabilities, potentially positioning ADA for stronger utility in 2026.

Number of the Week

Source: CoinDesk

Chart of the Week

SOL ETFs Stand Out with Consistent Inflows

According to Farside Investors, SOL ETFs posted nine consecutive days of net inflows, accumulating $336 million even as U.S. spot crypto ETFs saw broader outflows. Over the same period, spot BTC and ETH ETFs recorded net outflows of about $2.2 billion and $626 million in the same period, respectively. 

Yet both investment products have shown resilience, remaining active through market fluctuations since 2024.

As of November 7, 2025
Sources: Farside Investors, Crypto.com Research

Crypto Trivia

Which of these are a digital currency that pre-dates Bitcoin?

A) eCash
B) B-Cash
C) D-Dollar

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

NFT Spotlight

Celebrate the genesis of the Cronos community and honor its early trailblazers in ‘Mission CRO: Pioneers of 212’.

With 3,000 one-of-a-kind profiles up for grabs, this inaugural NFT drop by Mission CRO pays homage to the #CROFam and visionaries who believed in the blockchain's potential from the very beginning.

Collectors stand to win limited-edition watches and exclusive NFTs.

Be a part of this defining moment and shop the drop today!

Product Updates

Introducing the New Crypto.com App Experience
The Crypto.com App has been reimagined for a faster, smarter, and more intuitive crypto journey. Explore the updated navigation bar, conveniently discover new tokens and earning opportunities from the home screen, and more. Read the full list of improvements on our blog. Experience the upgrade now.

Get a Truth+ Subscription Rebate With Level Up

Level Up members can now enjoy Truth+ subscription rebates through Crypto.com’s partnership with Truth+, adding to a list of existing Netflix and Spotify benefits. Level up your streaming experience 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

Inside Cardano: How ADA Powers a Smarter Blockchain

Cardano (ADA) is a third-generation blockchain focused on scalability, security, and sustainability, designed to overcome the limitations of earlier networks like Bitcoin and Ethereum. Founded by Ethereum co-founder Charles Hoskinson, Cardano is built on peer-reviewed academic research to ensure long-term reliability.

How It Works:

• Proof of Stake (PoS): Cardano’s Ouroboros protocol lets ADA holders stake tokens to validate transactions, secure the network, and earn rewards — using far less energy than Proof of Work (PoW)
• Layered Architecture: Cardano separates its transaction layer from its smart contract layer, improving scalability and flexibility for developers
• Smart Contracts: The Alonzo upgrade introduced decentralized applications (dapps) across finance, identity, and governance
• Community Governance: Through Project Catalyst, ADA holders can propose and vote on network upgrades and funding initiatives

Why It Matters:

• Scalable: Upcoming Hydra upgrades aim to increase transaction throughput and lower fees
• Sustainable: PoS reduces energy use dramatically compared to mining
• Interoperable: Cardano aims to connect with other blockchains and legacy financial systems
• Research-Driven: Each protocol upgrade is academically reviewed for stability and security

Cardano’s native token ADA powers staking, transaction fees, and governance. With growing adoption across DeFi, NFTs, and enterprise applications, Cardano continues to evolve as one of the most research-backed and future-ready ecosystems in crypto.

Learn more in this University article.

CryptoIRL

@Thaxt21 is bringing the Indigo Card out for an autumn stroll.

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

Europe Cracks Down on €600M Crypto Fraud Network

A massive Europe-wide crackdown dismantled a criminal network accused of stealing more than €600 million (US$689 million) through fake crypto investment platforms.

Authorities across Germany, Austria, Bulgaria, and Serbia carried out coordinated raids involving 21 suspects linked to a web of fraudulent trading websites. Victims were lured by ads promising high returns from professional-looking investment platforms. Once deposits were made, scammers simulated profits on fake dashboards before disappearing with the funds.

How to Protect Against Similar Schemes:
• Be skeptical of unsolicited investment offers that promise quick or guaranteed gains
• Always verify that a trading platform is subject to proper licensing and regulatory oversight
• Avoid transferring funds to unknown wallets or links shared via social media or messaging apps

If profits seem effortless, it may be safer to assume that the losses would be as effortless.

Crypto Trivia Answer

A) eCash ✅

Cryptographer David Chaum founded DigiCash in 1989, which issued eCash. The digital money enabled anonymous online payments and is considered an early precursor to modern cryptocurrencies.

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