Today’s Insider ⬇️
🤔 Doomsday Ahead? Visa and Mastercard shed $60B+ as shares dipped in response to news of stablecoin adoption by retail giants.
💰 Payday for Miners: JPMorgan reports a profitable Q1 for Bitcoin miners, with potential for even greater gains ahead.
💵 Shaq Settles FTX Lawsuit: NBA star Shaquille O’Neal has agreed to pay $1.8 million to settle a FTX class action lawsuit.
Market Update
Market | Value | Day PnL | YTD |
Bitcoin | $105,150 | +1% | +56% |
Ethereum | $2,537 | -1% | -27% |
Solana | $145 | -1% | +2% |
XRP | $2.17 | +1% | +354% |
S&P 500 | $5,976 | -1.13% | +1.62% |
Gold | $3,432 | +1.36% | +30.81% |
1. Visa and Mastercard Face Tough Choices as Interest in Corporate Stablecoin Adoption Soars
Tough days ahead! Visa and Mastercard lost over $60 billion in market value after reports of merchants like Walmart and Amazon exploring stablecoins to bypass credit card fees.
🔎Insider Insight: Visa and Mastercard's recent share decline signals a shift from traditional finance to decentralized finance in retail payments. This trend, fueled by major retailers' interest in stablecoins, could impact payment networks, but analysts view it as a buying opportunity, as both companies are poised to benefit from stablecoin growth.
Top Crypto Insider Pick of 2025
BlockchainFX (BFX) Tackles Trade Fragmentation with Innovative Solution
Until recently, traders had to switch between platforms to trade various digital assets like crypto, indices, forex, commodities, and stocks. However, the narrative is changing with the entrance of platforms like BlockchainFX (BFX), which sits at the intersection of crypto and traditional finance markets.
What’s unique about the project? Besides its unified platform, BlockchainFX is offering exclusive benefits, including daily USDT rewards, a custom BFX Visa Card, and up to $25,000 in trading credit.
🔎Insider Insight: This presale offers endless potential. Currently, its native token, which is priced at $0.014 and set to launch at $0.05, coupled with a nearly $3M funding milestone, presents early backers with a lifetime opportunity to be a part of the project’s success story.
2. JPMorgan Reports Profitable Q1 for Bitcoin Miners, with Potential for Even Greater Gains Ahead.
Record Profits for Bitcoin Miners: According to JP Morgan, U.S.-listed Bitcoin miners earned $2 billion in gross profit in Q1 2025, with average gross margins rising to 53%.
🔎Insider Insight: U.S.-listed Bitcoin miners' profitable Q1 report reflects bullish sentiment in the crypto industry amid increasing institutional adoption. However, strategic spending declined, as miners raised only $310 million in equity, down from $1.3 billion in Q4 2024, showing improved capital discipline amid rising power costs.
3. NBA star Shaquille O’Neal to Pay $1.8M to Settle Class-Action Lawsuit Over FTX Endorsements.
Another win for FTX victims: Shaquille O’Neal agreed to pay $1.8M to settle a class-action lawsuit over his promotion of the failed crypto exchange FTX, despite earning only $285,000 as an endorser.
🔎 Insider Insight: O’Neal’s settlement reflects growing accountability for celebrity endorsements in crypto scandals. While FTX creditors have begun receiving partial repayments, this case underscores the reputational risks of promoting unregulated platforms.
That’s all for today’s insight. Stay informed, and we’ll see you in tomorrow’s edition.
Till next time,
3Insiders Team
