Today’s Insider ⬇️
🤝 New Acquisition: Kraken to buy Backed Finance in tokenization push ahead of IPO
🏦 Crypto Banking: Bank of America advises wealth clients to consider up to 4% crypto allocation
🚀 Tokenized Prediction Market: Kalshi launches tokenized prediction markets on Solana through DFlow integration
Market Update
Market | Value | Day P&L | YTD |
Bitcoin | $92,298 | +8.66% | -3.74% |
Ethereum | $3,024 | +10.58% | -16.13% |
Solana | $140 | +13.35% | -37% |
XRP | $2.17 | +9.27% | -21.18% |
S&P 500 | $6,838 | +0.29 | +13.08% |
Gold | $4,197 | -1.04 | +60.34 |
1. Kraken Acquires Backed Finance to Advance Tokenization Strategy
New acquisition: Kraken will acquire tokenized asset specialist Backed Finance to strengthen its tokenization strategy ahead of its 2026 IPO, aiming to integrate tokenized equities across its platforms.
🔎 Insider Insight: Kraken’s acquisition positions it to lead the growing tokenization market, projected to hit $2 trillion by 2028. By consolidating tokenized stock infrastructure, Kraken is preparing for broader blockchain adoption and its upcoming IPO.
Top Crypto Insider Pick of 2025
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BlockchainFX Introduces a New Era of Global Trading Through DeFi Innovation
BlockchainFX (BFX) is transforming global trading by merging traditional financial markets with decentralized technology. The platform provides seamless access to multiple asset classes, including cryptocurrencies, stocks, forex, and commodities, all within a single, unified ecosystem.
Meanwhile, with transparency and security at its core, BlockchainFX delivers faster transactions, lower fees, and improved accessibility. Its user-friendly interface and all-in-one design have earned it several innovation awards, making it a trusted solution for both institutional and retail investors.
By combining advanced technology with simplicity, BlockchainFX is redefining the trading experience for both experienced and beginner traders. As demand for secure and versatile trading platforms grows, BlockchainFX continues to gain recognition and interest from a global audience.
💡 Pro Tip: With nearly $12 million in funding in the ongoing presale, BlockchainFX is proving its strong market appeal. At a presale price of $0.03, compared to the $0.05 launch price, $BFX offers an attractive entry point for early investors. With its focus on accessibility, innovation, and value, BlockchainFX positions itself as a compelling solution in the trading world, ensuring it’s more than just another token; it’s a practical tool for modern traders.
2. Bank of America Recommends 1% to 4% Crypto Allocation for Wealth Clients
Crypto banking: Bank of America advised wealth management clients to allocate 1%–4% of their portfolios to cryptocurrency, signaling rising institutional acceptance of digital assets.
🔎 Insider Insight: Bank of America’s recommendation reflects growing interest in crypto among high-net-worth clients and institutional investors. By embracing regulated options like Bitcoin ETFs, the bank is positioning itself to meet increasing demand for digital asset exposure.
Which cryptocurrency is known as “digital silver” due to its similar properties to Bitcoin’s “digital gold”?
3. Kalshi Launches Tokenized Prediction Markets on Solana with DeFi Integration
Tokenized prediction: Kalshi has launched tokenized prediction markets on Solana through DFlow integration, bringing CFTC-regulated event contracts to blockchain infrastructure with full DeFi composability.
🔎 Insider Insight: Kalshi’s move into tokenized prediction markets bridges traditional regulated finance and decentralized infrastructure. By leveraging Solana's composability, it unlocks new use cases for prediction markets, potentially driving adoption across DeFi protocols.
That’s all for today’s insight. Stay informed, and we’ll see you in tomorrow’s edition.
Till next time,
3Insiders Team
