Today’s Insider ⬇️
🤝 Acquisition Deal: eToro agrees to buy TradeZero for up to $231 million as equities drive Q2 growth
🚀 Tax Exemption: Kazakhstan offers crypto tax exemption to drive wealth to local exchanges
✅ Regulatory Approval: Bank of Russia approves Bitcoin, Ethereum and Tether for public trading
Market Update
Market | Value | Day P&L | YTD |
Bitcoin | $63,524 | -0.49% | -46.75% |
Ethereum | $1,863 | -0.47% | -56.42% |
Solana | $75.10 | -0.95% | -57.66% |
XRP | $1.01 | -0.41% | -68.12% |
S&P 500 | $7,730 | -0.29% | +21.29% |
Gold | $4,365 | +0.07% | +30.19% |
1. eToro Agrees To Buy TradeZero For Up To $231 Million As Equities Drive Q2 Growth
Acquisition deal: eToro agrees to acquire U.S. brokerage TradeZero for up to $231 million, gaining broker-dealer infrastructure and an active trader base as crypto's share of its net trading profit shrinks to just 5%.
🔎 Insider Insight: The acquisition signals eToro's strategic pivot toward equities and U.S. market share as crypto trading volumes collapse, with July crypto trades down 73% year-over-year. TradeZero's broker-dealer license and 81% gross margins give eToro a faster, more capital-efficient path to U.S. product expansion than building from scratch.
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. Kazakhstan Offers Crypto Tax Exemption To Drive Wealth To Local Exchanges
Tax exemption: Kazakhstan signs a three-year personal income tax exemption on crypto gains, targeting an estimated 1 million offshore wallets and aiming to bring 95% of crypto activity currently outside regulated markets back onshore.
🔎 Insider Insight: With only 256,900 users on authorized local exchanges against 1 million total crypto wallets, the tax exemption is Kazakhstan's most direct attempt yet to close a massive regulatory gap. The three-year window buys time to build a simplified permanent tax regime, but loose legal definitions could invite abuse and force an early reversal.
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3. Bank Of Russia Approves Bitcoin, Ethereum And Tether For Public Trading
Regulatory approval: Russia's central bank whitelists BTC, ETH, and USDT for trading by non-qualified investors under a 300,000-ruble annual cap, as the country's comprehensive crypto law prepares to take effect September 1.
🔎 Insider Insight: Russia's strict whitelist criteria, requiring five years of trading history, $60 billion market cap, and $12 billion daily volume, effectively limits retail access to the three largest assets while keeping everything else for qualified investors only. With 70% of Russians skeptical about crypto legalization under these terms, uptake may disappoint despite the regulatory milestone.
That’s all for today’s insight. Stay informed, and we’ll see you in tomorrow’s edition.
Till next time,
3Insiders Team
