Hello SnapShotters,
Bitcoin has been trading between $83,000 and $86,000 this week, and inflows briefly returned to spot Bitcoin ETFs midweek. While some analysts commented on BTC’s price action as “boring,” many investors seem optimistic about Bitcoin’s return to more neutral territory.
In other news, the market saw increased demand for both gold and euro stablecoins, and Canada launched the world’s first Solana ETFs.
Read on for the details.
Market Spotlight
Note: Market prices captured in USD at the time of sending. Explore more on Crypto.com/Price.
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News Snaps
€ Circle’s EURC Sees Increased Demand
Circle’s euro-backed stablecoin, EURC, saw a 43.7% increase in overall supply, adding over $63.78 million at the time of writing. The spike may reflect investors’ concerns over the stability of the U.S. dollar amid looming tariffs on electronics and semiconductors.
🔒 Buterin Releases Privacy Roadmap
Ethereum’s co-founder Vitalik Buterin released a statement about Layer-1 privacy roadmaps, advocating for measures that include incorporating privacy tools into existing wallets, setting a unique address per application, and implementing EIP-7701, which calls for native account abstraction.
🪙 World Liberty Adds Another 4.89 Million SEI Tokens
The World Liberty Financial (WLFI) project added another 4.89 million SEI tokens worth $775,000 to its portfolio. According to blockchain analytics tool Lookonchain, the project currently holds a total of 5.98 million SEI, along with 10 other tokens, including AVAX, AAVE, and LINK.
💷 JPMorgan’s Blockchain Network Kinexys Now Supports GBP
JPMorgan’s Kinexys platform now supports the British pound, expanding beyond its U.S. dollar and euro offerings. This move fills a long-overlooked gap in the stablecoin landscape, enabling faster foreign exchange settlements in GBP.
🇨🇦 Canada First to Launch SOL ETFs
Canada has launched the world’s first spot Solana ETFs this week, including staking features, “which may provide higher yields than ether staking and reduce overall ETF holding costs.” Four asset managers — Purpose, Evolve, CI, and 3iQ — issued the spot Solana ETFs.
What’s Ahead
Tether Partners With OCEAN to Decentralize Block Production
Tether has partnered with Bitcoin mining pool OCEAN to decentralize block production on the Bitcoin network. The former will direct its hashrate activity to OCEAN to utilize its DATUM protocol to empower miners in creating block templates without relying on centralized entities.
Number of the Week
Chart of the Week
The two largest tokenized gold players by total value locked (TVL), Pax Gold (PAXG) and Tether Gold (XAUT), exceeded $1.5 billion in combined TVL for the first time last week, increasing 7% week on week and 31% year to date.
This coincided with the recent turmoil around U.S. import tariffs, which might have caused crypto traders to turn to “safe-haven assets.”
Research & Insights
Monthly Feature Article | Crypto Card Consumer Spending Insights
A full breakdown of what our community across the globe spent on during 2024.
Read the report here.
Crypto Trivia
Which country uses surplus hydropower to mine Bitcoin in the high mountains, and once doubled civil servant salaries by way of crypto profits?
A) Norway
B) Bhutan
C) Switzerland
Find the correct answer at the end of this newsletter. 👇
NFT Spotlight
In 3D artist Palash’s ‘AFTERWORLD: A Love Beyond Time’, Eva, a humanoid android, awakens from a simulated dream to find herself in an experiment. Breaking free, she searches for Noah, a lost love frozen in time. With a single touch, he awakens — but fate threatens to tear them apart once more.
Dropping on Wednesday, April 23, this NFT collection “explores love’s resilience beyond captivity, time, and control. In the end, only love remains.”
Palash is a 3D artist based in India, specializing in “creating captivating 3D animated visuals. His style features dark surreal fantasies and mind-bending landscapes.” He is “very passionate about his art and his creations,” and “vividly captures the diverse feelings that shape the human journey.”
In the end…surreal fantasies blend with mind-bending landscapes.
Product Updates
Exclusive F1 Miami Discount for All Loaded Lions and Dark Lions NFT Holders
We’re pleased to share that all ‘Loaded Lions’ and ‘Dark Lions’ NFT holders will receive an exclusive 10% discount for 1 Turn 1 North Grandstand and 1x Sunday Grandstand tickets to the Formula 1 Crypto.com Miami Grand Prix 2025. Exclusive discount links have been shared with all holders. Check your emails now!
Introducing the Crypto.com Land 一 Fractured Fate NFT Collection
Step beyond the First Frontier and into the vast expanse of the world in the ‘Crypto.com Land 一 Fractured Fate’ NFT collection, which features 22 brand-new Land NFTs, with a sale supply of 25,000 lands. There will be three sales phases — Private Land Sale, Early Access, and Public Land Sale — starting from April 30, 2025, with exclusive access and pricing for our most loyal communities. For the full collection details and mint details, visit the respective blogs.
New Token Listings
WalletConnect Token (WCT)
WalletConnect Network is an open-source protocol designed to connect cryptocurrency wallets with dapps.
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
Tariffs and Crypto
As global conversations around tariffs continue, the ripple effects are reaching crypto markets. Because of crypto’s international reach and dependence on tech infrastructure, there are numerous ways it could be affected by trade policies. Potential impacts of tariffs on crypto include:
- Slowed global trade: This may reduce liquidity and lower demand for speculative assets like crypto.
- More market uncertainty: Volatile markets can shake investor confidence and reduce appetite for crypto.
- Raised mining costs: Tariffs on mining hardware may reduce network activity, which in turn could erode market confidence in the network’s security.
- Increased regulatory scrutiny: Stricter crypto regulations may spark investor concerns, reduced liquidity, and market volatility.
Learn about the other potential impacts of tariffs on crypto in this University article.
CryptoIRL
There will be…crypto in every wallet? The Crypto.com Icy White Card and @misterdoc137 capturing a moment during their crypto journey.
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
Six Suspects Arrested Over AI Crypto Scam
Spanish authorities have arrested six people for running an AI-powered investment scam that defrauded thousands of victims out of $20 million. Posing as investment managers and financial advisors, the scammers would first target victims using deepfake ads and trick them into investing in crypto. When victims discovered they were unable to withdraw their funds, the scammers would contact them again, pretending to be Europol agents or lawyers who could help retrieve their funds for a fee.
Here’s how to stay safe from scams:
1. Be cautious of platforms promising guaranteed or high returns.
2. Verify credentials of any financial advisor or platform before investing.
3. Always double-check communications from supposed authorities or legal reps.
4. Never send additional money to withdraw your investments.
Crypto Trivia Answer
B) Bhutan
