Hello Snapshotters,
Are you ready to Level Up? Crypto.com announced this week the addition of stocks, banking services, and more to come soon* — these upcoming services will be supported by Crypto.com’s biggest rewards experience ever — Level Up.
Level Up will offer users up to 3% deposit bonus on stock transfers and up to 7.5% cash rewards on banking, in addition to up to 8% card spending and up to 10.5% APY on CRO lockup. The benefits offered under Level Up will continue to significantly grow alongside upcoming anticipated product offerings. See our 2025 Roadmap here.
*Stocks are offered by Foris Capital US LLC to U.S. persons. Foris Capital is a broker-dealer registered with the U.S. Securities and Exchange Commission and a Member of FINRA and SIPC. Foris Capital is a separate entity from Crypto.com, Foris DAX, Inc., and other affiliated Foris companies. Foris Capital does not engage in the sale, transfer, or custody of crypto currencies or digital assets. All banking services will be provided by an authorized banking institution subject to the laws of the relevant jurisdiction (i.e., not available in Canada).
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
🚀 Bitcoin Hits New ATH
Within hours after the U.S. election results, Bitcoin soared 7% to a new all-time high, breaking $76,000. On November 8, BTC then hit another ATH, breaking $77,000 for the first time, after a U.S. Fed rate cut was announced. ETH also surged over 10% in the wake of the news, and crypto stocks closed the day with huge gains, many in the double digits.
✂️ Fed Rate Cuts in U.S. & U.K.
Both the U.S. and U.K. announced interest rate cuts yesterday — by a quarter point in the U.K. to 4.75%, and by a quarter point to 4.5-4.75% range in the U.S. The rate cuts are expected to lower inflation.
🥇 Top Exchange in October
The Crypto.com Exchange was the leading crypto exchange with USD support by spot trading volume in October, claiming the title for the fourth consecutive month, according to data from The Block.
🏦 Crypto.com Acquires Watchdog Capital
In a major milestone for our business, Crypto.com last week announced the acquisition of SEC-registered broker-dealer Watchdog Capital, LLC. The acquisition will enable Crypto.com’s new subsidiary to offer equities and equity options to eligible traders in the U.S.
🤝 Ingenico Partners With Crypto.com
In another exciting partnership, Crypto.com is collaborating with Ingenico, a global leader in payment and acceptance services, to bring crypto payments and merchant services to the Ingenico platform.
What’s Ahead
🖼️ OpenSea Teases Marketplace 2.0
OpenSea has announced that the team behind the popular NFT marketplace will be launching a new platform at the end of the year. While more details have yet to be released, users are speculating about added support for Bitcoin Ordinals.
Number of the Week
Chart of the Week
U.S. spot Bitcoin ETFs hold 1.03 million BTC as of November 1, crossing a milestone and reflecting continued strong institutional investor interest. The ETFs recorded a net inflow of $2.2 billion last week, the largest since March 2024.
Research & Insights
Monthly Feature Article | Solana Staking
This report looks into the staking landscape on Solana, which can be generally divided into four categories: Staking-as-a-Service, liquid staking, staking with a CEX, and solo staking.
Read the full report: Solana Staking
Crypto Trivia
What is spot trading volume in cryptocurrency trading?
A) The number of spot market trades made in a specific period
B) The average price of a cryptocurrency on different exchanges at the same time
C) The total value of crypto assets traded for ‘on-the-spot’ settlement
Find the correct answer at the end of this newsletter.
NFT Spotlight
“Were you foolish enough to think that HEL, the all powerfully Grim Reaper, would be running all of the Underworld’s chores by himself?” In the latest NFT drop, ’Life of Hel #4 — Hel Mates’, the Underworld’s minions work 24/7 to ensure that souls processing is kept up to standard.
Coming alive on November 13, the HEL MATES cover all the relevant functions of the souls, from safety patrol, admin tasks, and cleaning to cooking and Cerberus-walking. Each HEL MATE entitles its holder to exclusive benefits (including access to the HEL YARD staking protocol).
Driven by passion, the founding team has been working to empower manga and anime fans globally. LIFE OF HEL (LOH) represents the establishment of a new IP monetization platform set to elevate the LOH saga as the next global-scale manga and anime series.
Utilities* include:
🎣 Free staking in the HEL YARD protocol
⛏️ Access to the mint bounty reward
💸 Mint price: 1 USD
🛒 Collection supply: 10,000
*Incentives and access to features may vary by jurisdiction. Terms and Conditions apply.
If you like manga, fun, and ramen, look no further! A HEL of a journey awaits.
Product Updates
Introducing Level Up, Our Most Value-Added Experience to Date
Get up to a 3% bonus on stock transfers*, up to 7.5% rewards on cash, up to 8% on Crypto.com Card spending, and up to 10.5% APY on CRO lockup, among other unmatched rewards, across key existing and new product lines. Learn more here.
*Stocks are offered by Watchdog Capital LLC to U.S. persons only.
CFDs Crypto Funding
You can now instantly convert any of the tokens in your Crypto Wallet to USD in your CFD Wallet and use the funds to trade CFDs. This means you’re able to swiftly capture market opportunities without having to wait for USD bank transfers to settle. Find out more here.
Crypto Learn
Three Solana Platforms Where You Can Mint Your NFTs
NFTs are seeing a resurgence, as global sales leaped 18% in October. Solana, characterized by its fast blockchain transactions and low fees, saw a six-fold increase in the number of NFTs minted on-chain.
If you are looking to mint your own Solana NFTs, below are three popular platforms in which to do so:
1. Magic Eden is one of the go-to platforms for minting Solana NFTs, thanks to its user-friendly interface and zero-fee listings for new digital assets.
2. Solanart boasts a comprehensive user dashboard and customizable creator fees, giving NFT creators flexible pricing tiers while tracking their transaction costs.
3. NFTs on Fractal cater to a Web3 gaming audience, and it offers multiple features, such as tools for affordable minting and direct partnerships with gaming studios.
Read on to learn about Solana marketplaces that cater to NFT minting.
CryptoIRL
From past to present, the Lion is timeless. The Crypto.com Icy White Visa Card and @Jessedakilla enjoying fall in all its sights.
Hashtag #CryptoIRL with your Crypto.com Visa Card on your social profiles to get featured! Your 15 minutes of fame in the #CROFam awaits you!
Security Tips
Google Ads for Phishing Sites
According to Scam Sniffer, a sponsored ad on Google appearing as a website link for Sony’s new blockchain, Soneium, is in fact a hidden crypto wallet drainer. When the Scam Sniffer team searched for Soneium on Google, a phishing ad showed up instead.
Scammers have registered domain names similar to those of crypto brands, with minor changes, which has made it hard for users to realize, thus clicking on a malicious link.
Here’s how to stay safe:
- Always check URLs before clicking on links.
- Avoid storing all your crypto in one place.
- Stay updated with the latest phishing scams.
Crypto Trivia Answer
Answer: C) Spot trading volume is the total value of crypto assets traded for ‘on-the-spot’ settlement
That’s it for this week’s Snapshot. Want more? Find out what’s trending in the crypto world.
