Today’s Insider ⬇️
🤝🏻 Corporate Acquisition: Kraken moves closer to IPO with new token manager acquisition
🏦 State-Bcked Crypto Banking: Belarus to put Bitcoin in people’s pockets through crypto banking
📈 Crypto Adoption: Germany Central Bank president endorses crypto stablecoins under EU MiCA framework
Market Update
Market | Value | Day P&L | YTD |
Bitcoin | $67,078 | -1.44% | -29.12% |
Ethereum | $1,970 | -1.70% | -25.31% |
Solana | $82 | -3.25% | -49.92% |
XRP | $1.45 | -1.69% | -41.41% |
S&P 500 | $6,904 | +0.89% | +12.64% |
Gold | $5,001 | +2.34% | +67.40% |
1. Kraken Acquires Magna to Bolster Tokenized Asset Offerings Ahead of IPO
Corporate acquisition: Kraken has acquired token management platform Magna as part of its expansion strategy ahead of its planned IPO.
🔎 Insider Insight: Kraken’s acquisition of Magna highlights its focus on diversifying into tokenized assets and derivatives. This move positions the exchange to strengthen its offerings and appeal to institutional investors ahead of its IPO.
Top Crypto Insider Pick of 2025
BlockchainFXIs Transforming 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: Having raised over $13 million in presale funding, BlockchainFX is proving its strong market appeal. At a presale price of $0.031, 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. Belarus to Launch State-Controlled Crypto Bank by 2026
State-backed crypto banking: Belarus plans to launch its first state-controlled crypto bank by 2026, offering services like Bitcoin-backed loans, crypto cards, and staking for citizens.
🔎 Insider Insight: Belarus's move to integrate crypto banking into its financial system reflects an ambitious attempt to capitalize on blockchain for economic growth. By legalizing crypto payments and services, the country positions itself as a regional leader in cryptocurrency adoption amid increasing global economic uncertainty.
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3. Germany’s Bundesbank Backs Euro Stablecoins and CBDCs to Challenge USD Dominance
Crypto adoption: Germany's Bundesbank President Joachim Nagel endorses euro-based stablecoins and wholesale CBDCs under the EU’s MiCA framework to reduce cross-border payment costs and counter USD dominance.
🔎 Insider Insight: Germany's push for euro-denominated stablecoins reflects Europe’s urgency to secure monetary sovereignty in the evolving digital payment landscape. With MiCA providing regulatory clarity, Europe aims to close the gap with USD-pegged stablecoins and strengthen its role in global finance.
That’s all for today’s insight. Stay informed, and we’ll see you in tomorrow’s edition.
Till next time,
3Insiders Team
