Today’s Insider ⬇️
🚀 Crypto Regulation: Minnesota legalizes crypto custody services for banks, credit unions
💰 BTC Insurance: Iran launches Bitcoin insurance for Hormuz Strait shipping
🤝 Funding Deal: Tether invests in remittance fintech LemFi to expand USDT settlement across Africa and Asia
Market Update
Market | Value | Day P&L | YTD |
Bitcoin | $76,213 | -2.53 | -27.11% |
Ethereum | $2,083 | -4.61% | -14.48% |
Solana | $83 | -2.94% | -50.79% |
XRP | $1.36 | -2.84% | -42.61% |
S&P 500 | $7,356 | -0.70% | +23.38% |
Gold | $4,540 | +0.21% | +40.52% |
1. Minnesota Legalizes Crypto Custody for Banks and Credit Unions Starting August 2026
Crypto regulation: Minnesota has signed a law permitting banks and credit unions to offer crypto custody services starting August 1, covering 240 commercial banks and 82 credit unions holding $128 billion in state assets.
🔎 Insider Insight: The law closes a gap that previously forced Minnesotans to rely on unregulated or out-of-state providers. As federal OCC charter applications stack up, state-level legislation like this is quietly building the foundation for a fully regulated crypto banking ecosystem.
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. Iran Launches Bitcoin-Backed Shipping Insurance for Strait of Hormuz Transit
BTC insurance: Iran has launched Hormuz Safe, a Bitcoin-backed shipping insurance service for vessels transiting the Strait of Hormuz, projecting over $10 billion in potential revenue.
🔎 Insider Insight: The launch formalizes Iran's use of Bitcoin as a sanctions-resistant financial tool, extending it from trade settlement into insurance and maritime commerce. With over 1,500 vessels trapped in the Persian Gulf, Hormuz Safe is as much a geopolitical leverage mechanism as a financial product.
Which country was the first in the world to adopt Bitcoin as legal tender?
3. Tether Invests in LemFi to Expand USDT Settlement Across Africa and Asia
Funding deal: Tether has invested in Y-Combinator-backed remittance fintech LemFi, which will integrate USDT as a settlement layer across key corridors in Africa and Asia.
🔎 Insider Insight: The deal reflects Tether's strategy of embedding USDT into high-volume remittance corridors where traditional networks are slow and costly. With over 1 million LemFi customers, the integration gives USDT direct access to a proven emerging market user base.
That’s all for today’s insight. Stay informed, and we’ll see you in tomorrow’s edition.
Till next time,
3Insiders Team
