G’day Snapshotters,
The #CROFam in Australia is growing and things are moving fast for crypto holders Down Under. To keep you up to date on what’s happening, we put together our first Australia-exclusive Snapshot issue just for you.
Read on for more details on Australia-only giveaways — including tickets to the 2024 Toyota AFL Grand Final — as well as improved referral rewards and staking opportunities now available to you.
Stay up to date with all things Crypto.com in Australia by following our Official X Account @cryptocom_AU
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
🇭🇰 Hong Kong Approves ETFs
Hong Kong approved several spot Bitcoin and Ether ETFs on 15 April. This includes ETFs from China Asset Management, Harvest Global Management, and Bosera Asset Management’s jointly managed ETFs with HashKey Capital. The trading start date is yet to be confirmed.
While spot Bitcoin ETFs have been available in Australia since 2021, many in the industry claim that the US and Hong Kong approvals signal crypto is getting closer to becoming a mainstream asset class.
🇰🇷 Won Surpasses Dollar in Crypto Trading
The South Korean won surpassed the US dollar as the most-traded fiat for crypto in Q1, according to research firm Kaiko. In March, the local crypto trading volume briefly topped that of the country’s stock market.
In comparison, Chainalysis currently ranks Australia as 40th in crypto adoption.
🎤 Market Perspective From Crypto.com CEO
Crypto.com Co-Founder and CEO Kris Marszalek was featured on Bloomberg TV this week where he discussed the upcoming Bitcoin halving, as well as what’s ahead for Crypto.com.
Read on for details about our Crypto.com Australia giveaway to celebrate the halving.
What’s Ahead
Ethereum’s Pectra Upgrade
Ethereum continues to build. The Pectra upgrade, scheduled for late 2024 or early 2025, aims to bring smart contract functionality to wallets and upgrades to user experience.
The upgrade, EIP-3074, will enable users to recover assets with social logins (instead of seed phrases). It also allows transaction bundling in which users only need to sign once.
Australia Product Picks
🏉 Win Your Way to the 2024 Toyota AFL Grand Final
Sports fans and concert-goers can now pay via Crypto.com Pay, Crypto.com’s payment solution, at Adelaide Oval, the home of the Adelaide Crows.
Win tickets to the 2024 Toyota AFL Grand Final by simply using Crypto.com Pay at the Oval. More details here.
Rewards+ Is Now Available in Australia
Rewards+ provides you with a world of benefits based on your trading activity. Every trade you make puts you on a path to unlock more perks, including higher Earn Plus bonuses, trading rebates, and extra Crypto.com Visa Card rewards. Activate your rewards now or visit our blog for more information.
🎉 Win CRO to Celebrate the Halving
Crypto.com Australia is celebrating the Bitcoin halving and giving you the chance to win AU$100 of CRO. Visit our events page for more details.
Improved New Referral Programme
Earn up to $50 of CRO with the new-and-improved Crypto.com App Referral Programme:
- Get $10 when your friend trades US$10 of crypto in their first 30 days
- Get $15 when your friend deposits and trades US$50 in their first 30 days
- Get $25 when your friend reserves a metal Crypto.com Visa Card in their first 30 days
📈 Stake Even More
On-chain Staking is now available in Australia with over 16 different tokens to choose from, including SOL and CRO. More details on our Product page.
Crypto.com App New Token Listings
Parcl (PRCL)
Parcl is a Solana-based decentralised real estate trading platform. It specialises in perpetual futures for real estate markets, allowing users to go long or short on these markets. Its native token, PRCL, serves as the governance token of the Parcl protocol.
Omni Network (OMNI)
Omni Network is an interoperability solution for Ethereum-based rollups, powered by EigenLayer restaking for security. OMNI tokens serve as governance and staking assets, allowing holders to contribute to network security and earn rewards.
Chart of the Week
Bitcoin (BTC) dominance reached a three-year high of 55% on 14 April. On the day, BTC’s price was near US$64,000 after reports of escalating political tension in the Middle East. Prices for most large-cap altcoins decreased more significantly towards the end of last week, causing Bitcoin dominance to increase.
The last time Bitcoin dominance was at this level was on 11 April 2021, when BTC’s price was near US$60,000.
Number of the Week
Research & Insights
Monthly Feature Article | Bitcoin Ordinals and Runes
We explore Bitcoin Ordinals‘ development, from BRC-20 to Runes, as well as the significance and controversies surrounding them.
Crypto Trivia
What does DePIN stand for?
A) Decentralised Physical Infrastructure
B) Deep Physical Infrastructure
C) Decentralised Priority International Network
Find the answer below.
NFT Spotlight
Step into a realm where futuristic marvels intertwine with the timeless allure of ancient Greek mythology, and find yourself mesmerised by the creations of renowned AI artist Mikasa Art. She presents ‘Crypto Goddesses’, an NFT collection that draws inspiration from Sorayama’s visionary style and the boundless imagination of science-fiction novels.
Dropping on 29 April, the collection includes five awe-inspiring sci-fi goddess cyborgs, each embodying the essence of ancient deities while embracing the wonders of technological innovation. Mikasa weaves an otherworldly tapestry that transcends the boundaries of time and space.
This drop features various utility items:
🖼️ NFT airdrop to collectors
🖌️ 30 physical 1-of-1 art poster
🕵️ Access to collectors-only Discord server
Step into the realm. Or go OG.
Crypto Level Up
What’s an Order Book and How Does It Work?
Cryptocurrency exchanges use order books to provide transparency and facilitate trading. Essentially, it lists all pending buy and sell orders.
What Does an Order Book Contain?
Every order book has these key components: price levels, order quantities, market depth, and order types. Together, they help reveal the demand for various tokens on the exchange.
What Are the Benefits of Having an Order Book?
With an order book, you can make more informed trading decisions. Additionally, when it’s paired with a matching mechanism, trades can be executed efficiently.
Learn all about order books and how they work.
CryptoIRL
Thanks for taking us to the races with you, @LenziCRO! 🏎️
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
CertiK Co-Founder Concerned Phishing Attacks Are at ‘Alarming Levels’
Gu Ronghui, founder of Web3 security firm CertiK, stated that phishing attacks in the cryptocurrency world have hit “alarming levels” of sophistication. His company’s quarterly security report highlighted that US$239 million worth of assets were lost across 26 incidents.
Use Crypto.com’s Secure Messaging to Protect Yourself
1. Set up Crypto.com’s Anti-Phishing Code to discern genuine messages from fake ones and use 2FA for all your Crypto.com accounts.
2. Stay up to date on all the latest phishing and social engineering tactics. Recent attacks have incorporated the use of AI to mimic voices and appearances.
3. Should any message appear to be suspicious (e.g., requests for personal information, urging immediate action, etc.), don’t respond.
Crypto Trivia Answer
A) Decentralised Physical Infrastructure
That’s it for this week’s Snapshot. Want more? Find out what’s trending in the crypto world.
