Quick Take
- 700 million global crypto owners were recorded in April 2025, reflecting a 163% CAGR over five years.
- Crypto.com secured restricted dealer registration in Canada, enabling continued service offerings while pursuing full regulatory compliance.
- Dubai Finance partnered with Crypto.com to accept crypto payments for government fees, advancing the city’s cashless strategy.
- US spot Bitcoin ETFs saw $608M net inflows** (5th consecutive week), while **spot Ether ETFs** recorded **$42M inflows.
- Macro trends: US CPI rose 2.3% YoY (lowest since 2021); Moody’s downgraded the US credit rating to Aa1 due to rising national debt.
Market Overview
Weekly Performance
- BTC: +1.2% | ETH: +4.4%
- Layer-2 tokens led market cap declines amid Fed Chair Powell’s comments on higher long-term interest rates.
Notable Updates
| Token | Ticker | Market Cap | 7D Change | Category | Remarks |
|--------|--------|------------|------------|----------|---------|
| VeChain | VET | $2.4B | -9.5% | L1 | Galactica mainnet hard fork expected 1 July 2025. |
| Morpho | MORPHO| $418M | -1.0% | DeFi | Listed on Crypto.com App; enables decentralized lending. |
Adoption & Regulatory Milestones
Key Developments
Crypto.com’s Global Expansion:
- Launched in Tawasal SuperApp (UAE), serving 4M users.
- Partnered with KSNET to enable crypto payments in South Korea.
Institutional Adoption:
- Steak ‘n Shake now accepts Bitcoin via Lightning Network across US locations.
- JP Morgan’s Kinexys executed a cross-chain DvP transaction with Ondo Finance.
Regulatory Shifts:
- UK mandates crypto transaction reporting for CARF countries from 2026.
- Thailand plans a $150M digital investment token issuance.
Research & Insights
👉 Explore Crypto.com’s latest research reports on crypto treasury trends and on-chain liquidity.
Featured Reports:
- Wall Street On-Chain Part 3: Analyzes crypto vs. TradFi liquidity.
- Alpha Navigator (April 2025): Highlights BTC and Gold as top performers.
FAQ Section
Q: How many people own crypto globally?
A: As of April 2025, 700 million—up from 65M in 2020.
Q: What does Crypto.com’s Canada registration allow?
A: It permits continued crypto services while seeking full investment dealer status.
Q: Which US retailer now accepts Bitcoin?
A: Fast-food chain Steak ‘n Shake via Lightning Network.
Catalyst Calendar
- 19 May: CME’s anticipated launch of XRP futures.
- 1 July: VeChain’s Galactica mainnet upgrade.
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Disclaimer: This report is for informational purposes only and not financial advice.