SnapShot 213

A BTC record broken, a pudgy rally, and a trade tariff deadline.

Hello SnapShotters,

The crypto and equities markets caught a boost from the early week doldrums, as the tokenization trend and ETF optimism ramp up. Bitcoin pushed to $110,000 once more, while Ether jumped almost 8% overnight to go above $2,600. 

Despite a slip for altcoins and memes early in the week, SOL, XRP, and PENGU were the exceptions.

Solana jumped to $156 after news broke that the first staked SOL ETF was launching via a partnership between REX Shares and Osprey Funds. PENGU rallied 18% over the week following reports of CBOE’s filing for an ETF.

ETF flows reinforced bullish sentiment: U.S. spot BTC ETFs saw $2.2 billion in net inflows, extending a 14-day positive streak. Spot ETH ETFs also rebounded, clocking in $284 million — a healthy bounce from the prior week’s $38 million. June also concluded with a strong statistic that long-term Bitcoin holders added a record 800,000 BTC, marking the strongest 30-day accumulation in history. 

As macro observers wait for U.S. President Donald Trump’s decision on extending the July 9 tariff reprieve, it remains to be seen if the markets will continue staying calm, and defiantly risk-on.

Let’s dig into what else is transpiring in crypto and the macro.

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

🇰🇷 Older South Koreans Invest in Crypto For Retirement

A report by the Hana Financial Research Institute showed that cryptocurrencies are gaining traction among older South Koreans. Over half of the respondents in their 50s cited retirement planning as their primary reason for investing in digital assets.

💭 Buterin Introduces Pluralistic Identity Concept

Ethereum’s co-founder Vitalik Buterin proposed a new identity framework called ‘pluralistic identity’ in his latest blog post. The concept combines social graph-based identities with traditional verification methods to better protect user privacy in the digital age.

🐧 CBOE Files Request to Include PENGU NFTs in ETF

The Chicago Board Options Exchange (CBOE) filed a 19b-4 form to add Pudgy Penguin NFTs into the Canary PENGU ETF, allocating around 80% to 95% of its funds into PENGU, and between 5% and 15% into the popular penguin NFTs.

📈 AI Agents Continue to Trend in 2025

According to DappRadar’s latest report, artificial intelligence (AI) agents continue to attract investments despite a general decline in popularity. AI projects raised $1.39 billion this year, representing a 9.4% increase year-over-year, while their on-chain dominance increased from 9% to 19%.

🇬🇧 UK Firms Turn to BTC Treasuries

A wave of London-listed companies — from web designers to gold miners — are jumping on the bandwagon of buying bitcoin to boost share prices and rebrand as crypto proxies. Such BTC treasury plans echo moves by Japan-based company Metaplanet and Michael Saylor’s Strategy.

What’s Ahead

🗓️ Trump’s Trade Tariff Deadline

U.S. President Donald Trump’s 90-day pause on sweeping import duties expires on July 8. The EU faces a deadline to strike a trade deal or face a 50% tariff on July 9. While Trump has publicly dismissed both dates as flexible, no formal extension has been issued.

Number of the Week

Chart of the Week

In June, long-term bitcoin holders — entities holding for six months or more — added an all-time record of 800,000 BTC on a rolling 30-day basis. 

It’s only the seventh time this number has exceeded 750,000 BTC, underscoring a strong HODL mindset and bullish signal.

Crypto Trivia

Which public figure has repeatedly claimed to be Bitcoin creator Satoshi Nakamoto? 

A) Craig Wright

B) Vitalik Buterin

C) Elon Musk

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

NFT Spotlight

To speak without speaking — that’s how the enigmatic artist Graffiti On Grave describes their newest NFT drop, ‘AZI’, that’s dropping on Wednesday, July 9.

The 500-piece collection merges the mystical with the mechanical, channeling ancient rituals through the digital ether. Each piece is a cryptic face forged from sacred geometry and glitch-born tension, yet filled with hypermodern symbolism that makes these NFTs not just avatars, but artifacts.

The artist, Graffiti On Grave, aims to transcend traditional art mediums, creating works that intersect art and technology while evoking both ancestral myth and futuristic decay.

Join the tribe. Breathe life into the unknown.

Product Updates

Humanity Protocol (H) added to Limit Orders

H has been added to the growing list of tokens available for Limit Orders in the Crypto.com App. You can use the feature to automate trades at your preferred price without having to monitor the market. Try it now.

ALGO Available for On-Chain Staking (Staking jurisdictions only)

You can now put any idle Algorand (ALGO) to work by staking it in the Crypto.com App, and receive rewards of up to 10%, as often as three times a week. You’ll also enjoy the flexibility of unstaking your staked assets at any time, with security and convenience.  Get started now.

dYdX Integrates With Onchain wallet

With dYdX now supported on the Onchain wallet, you can seamlessly trade over 200 assets with up to 50x leverage. Simply tap the ‘Trade’ icon in the Onchain App to get started.

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.

What Is Pudgy Penguins (PENGU)?

Originally launched as a collection of 8,888 unique NFTs on the Ethereum network, Pudgy Penguins has since grown beyond digital art, most notably with the debut of PENGU, a meme coin on the Solana blockchain. 

In December 2024, over 1 million wallets received a share of a $1.5 billion airdrop, launching PENGU into the crypto spotlight.

The Pudgy Penguins roadmap includes:

• Expanding further into play-to-earn gaming
• Growing its cross-chain footprint beyond Ethereum and Solana
• Scaling licensing and merchandising efforts
• Exploring formal utility for the PENGU token

Fun Fact: After risking falling into obscurity during ‘The Great Blizzard’ spell, Pudgy Penguins made a historic comeback that is widely regarded as one of the most successful community-led revivals in the NFT space.

Check out our University article to get the full story.

CryptoIRL

There’s always something exciting about buying pizza with a Crypto.com Icy White Card… @misterdoc137 gets it. 

Hashtag #CryptoIRL with your Crypto.‌com Card on your social profiles to get featured! Your 15 minutes of fame in the #CROFam awaits!

Security Tips

Authorities Track High-Volume Crypto ATM Users as Scams Surge

Australian police are reaching out to high-usage cryptocurrency ATM customers amid growing concerns over a spike in scam-related activity.

The move follows a wave of cases where scammers, often posing as government officials, trick victims into withdrawing cash and converting it into cryptocurrency at ATMs. Once sent, the funds are quickly funneled into scammer-controlled wallets, making recovery nearly impossible.

In many instances, victims don’t realize they’ve been scammed until well after the transaction is complete.

Here’s how to stay safe from crypto ATM scams:

1. Never send crypto to someone you’ve only met online, especially if they claim to be from the government, police, or a tech support team.

2. Be cautious if you’re being rushed or pressured to use a crypto ATM or told to keep it a secret. Legitimate authorities will never ask you to pay fines or bills using crypto.

3. If something feels off, stop the transaction immediately and call a scam helpline.

Crypto Trivia Answer

A) Craig Wright

Craig Wright, an Australian computer scientist and entrepreneur, has long asserted that he is Satoshi Nakamoto. However, in March 2024, the UK High Court ruled definitively that Wright is not Satoshi, citing forged evidence and a pattern of dishonest testimony.

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