Today’s Insider ⬇️
✅ Crypto Tax Exemption: Russia to exempt crypto exchange and custody services from VAT
🚀 Product Launch: Global X Launches Ethereum Covered Call ETF Targeting Weekly Income
🏦 Infrastructural Shift: IMF warns central banks could fall behind as tokenization accelerates
Market Update
Market | Value | Day P&L | YTD |
Bitcoin | $66,906 | -0.39% | -19.32% |
Ethereum | $2,037 | -0.73% | +13.74% |
Solana | $79 | -0.92% | -32.89% |
XRP | $1.28 | +1.82% | -39.81% |
S&P 500 | $6,582 | +0.11% | +29.73% |
Gold | $4,676 | +0.51% | +53.22% |
1. Russia Moves to Exempt Crypto Exchanges and Custodial Services from VAT
Crypto tax exemption: Russia is preparing to exempt cryptocurrency exchange and custodial services from VAT, with draft legislation also introducing a framework for taxing corporate crypto profits and individual trading income.
🔎 Insider Insight: The VAT exemption is a rare tax relief in a market where restrictions typically dominate, signaling Russia's intent to formalize, rather than liberalize, its crypto sector. With non-qualified investors capped at $3,700 in annual purchases and trading limited to licensed domestic intermediaries, the regulatory framework prioritizes state control over market openness.
Top Crypto Insider Pick of 2026
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 $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. Global X Launches Ethereum Covered Call ETF to Deliver Weekly Income
Product launch: Global X has launched the Ethereum Covered Call ETF (EHCC), writing call options on Ether ETPs to generate weekly income distributions, marking the firm's first crypto ETF beyond Bitcoin.
🔎 Insider Insight: EHCC enters a space Amplify's EHY has already occupied since October 2025, meaning Global X faces an immediate first-mover disadvantage with no distribution track record yet. The real test is whether its $78.1 billion AUM network can pull enough traditional ETF investors into the Ether income category to justify the late entry.
Which of the following is not a cryptocurrency?
3. IMF Warns Tokenization Could Outpace Central Banks' Ability to Respond
Infrastructural shift: The IMF warns that tokenization's instant settlement capabilities could trigger margin calls and capital shifts faster than central banks and regulators can respond.
🔎 Insider Insight: The IMF's warning signals that the regulatory infrastructure underpinning global finance was simply not built for the speed that tokenization enables. With $28 billion in real-world assets already tokenized and projections ranging from $2 trillion to $16 trillion by 2030, the gap between market development and policy readiness is narrowing fast.
That’s all for today’s insight. Stay informed, and we’ll see you in tomorrow’s edition.
Till next time,
3Insiders Team
