Today’s Insider ⬇️
🚀 Acquisition Deal: SBI Holdings completes majority acquisition of Singapore crypto platform Coinhako following MAS approval
💰 Fund Reimbursement: FTX to distribute roughly $900 million to creditors in fifth wave of payouts
🤝 Leadership Appointment: Bank of America taps new leaders to bridge crypto, AI and traditional finance
Market Update
Market | Value | Day P&L | YTD |
Bitcoin | $63,934 | -0.11% | -46.86% |
Ethereum | $1,838 | -1.92% | -47.22% |
Solana | $74 | -0.85% | -57.47% |
XRP | $1.08 | +1.69% | -68.83% |
S&P 500 | $7,457 | -1.01% | +18.43% |
Gold | $4,017 | -0.75% | +18.98% |
1. SBI Holdings Completes Majority Acquisition Of Coinhako Following MAS Approval
Acquisition deal: SBI Holdings completes its majority acquisition of MAS-licensed Singapore crypto platform Coinhako, adding Southeast Asia to a rapidly expanding digital asset corridor that already includes Japan, the U.S., and Europe.
🔎 Insider Insight: Coinhako gives SBI a MAS-regulated foothold in Southeast Asia, a critical missing piece in its ambition to build a borderless global digital asset corridor. With Bitbank, EDX Markets, Gauntlet, Coinhako, and a Solana partnership all secured within weeks, SBI is executing the most aggressive crypto infrastructure buildout of any traditional financial group globally.
Top Crypto Insider Pick of 2026
BlockchainFX Attracts Massive Attention as it Nears $15M Presale Target
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: Having raised over $14 million in presale funding, BlockchainFX is proving its strong market appeal. At a presale price of $0.035, 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. FTX To Distribute Roughly $900 Million To Creditors In Fifth Wave Of Payouts
Fund reimbursement: FTX will distribute roughly $900 million to creditors starting July 31, bringing total repayments from its bankruptcy estate to nearly $10 billion since payouts began in 2025.
🔎 Insider Insight: FTX's fifth distribution reinforces that its bankruptcy estate is delivering on repayment promises at a pace few expected after the exchange's chaotic 2022 collapse. With retail creditors receiving between 118% and 142% above their holdings' value at collapse, the process is becoming one of crypto's most notable creditor recovery stories.
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3. Bank Of America Taps New Leaders To Bridge Crypto, AI And Traditional Finance
Leadership appointment: Bank of America appoints Sonali Theisen as head of its global digital assets platform and Kevin Milsom as head of AI transformation, formalizing its push to integrate blockchain and AI into core market infrastructure.
🔎 Insider Insight: BofA's dual appointments mirror similar moves by Morgan Stanley and Vanguard, confirming that building dedicated crypto and AI leadership is now standard practice among major Wall Street institutions. With Theisen's remit spanning stablecoins, tokenized deposits, custody, and settlement, BofA is positioning digital assets as core infrastructure rather than a peripheral product line.
That’s all for today’s insight. Stay informed, and we’ll see you in tomorrow’s edition.
Till next time,
3Insiders Team
