Today’s Insider ⬇️
💰 Crypto Fund: Gumi, SBI launch ¥3 billion crypto fund as Japan opens door to spot ETFs
🤝 Operational License: Binance.US to apply for CFTC license in August for prediction market platform
🚀 Market Boom: Robinhood's Prediction Markets Surpass Crypto Revenue for First Time
Market Update
Market | Value | Day P&L | YTD |
Bitcoin | $64,581 | +0.88% | -45.33% |
Ethereum | $1,915 | +1.08% | -49.53% |
Solana | $74.51 | +1.68% | -58.39% |
XRP | $1.09 | +2.02% | -62.24% |
S&P 500 | $7,381 | +0.90% | +16.02% |
Gold | $4,098 | +1.46% | +22.50% |
1. Gumi, SBI Launch ¥3 Billion Crypto Fund As Japan Opens Door To Spot ETFs
Crypto fund: Gumi and SBI launch SBI Crypto Fund I targeting ¥3 billion ($18.3M) in Bitcoin and altcoin investments, as Japan's parliament passes legislation reclassifying crypto as a financial instrument and paving the way for spot ETFs.
🔎 Insider Insight: The fund's launch reflects growing corporate confidence in Japan's crypto market following landmark regulatory reforms, with SBI VC Trade's accounts doubling to 2 million in a single year. The combination of a 20% flat tax rate arriving in 2028 and potential spot ETF approvals in 2027 positions Japan for a significant institutional crypto influx.
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. Binance.US To Apply For CFTC License In August For Prediction Market Platform
Operational license: Binance.US will apply for a CFTC designated contract market license in August to launch its own prediction market platform, joining Gemini, Coinbase, Kalshi, and Polymarket in a rapidly crowding field.
🔎 Insider Insight: Binance.US entering prediction markets signals that every major U.S. crypto exchange now views event contracts as a core revenue line rather than a niche product. With state regulators still challenging sports-related contracts and the CLARITY Act stalled, legal uncertainty remains the sector's biggest unresolved structural risk.
Which blockchain introduced the concept of smart contracts?
3. Robinhood's Prediction Markets Surpass Crypto Revenue For First Time
Market boom: Robinhood reports $156 million in Q2 prediction market revenue against $100 million from crypto, marking the first time event contracts have outpaced digital asset trading as the company's fastest-growing revenue line.
🔎 Insider Insight: Prediction markets overtaking crypto revenue at Robinhood is a landmark moment that validates event contracts as a mainstream financial product with mass retail appeal. With Rothera already a top-three DCM in its first month and perpetual futures planned for the U.S., Robinhood is systematically building the infrastructure to dominate the next phase of retail derivatives trading.
That’s all for today’s insight. Stay informed, and we’ll see you in tomorrow’s edition.
Till next time,
3Insiders Team
