Today’s Insider ⬇️
📈 Synthetic Trading: Coinbase enters 24/7 stock perpetual futures market after Hyperliquid success
🤝 ETF Application: Morgan Stanley advances bitcoin ETF application with amended S-1 filing
💰 VC Funding: Kalshi raises over $1 billion at $22 billion valuation in ongoing Coatue-led round: reports
Market Update
Market | Value | Day P&L | YTD |
Bitcoin | $69,767 | -0.95% | -17.26% |
Ethereum | $2,126 | -0.86% | +7.59% |
Solana | $88 | -0.26% | -30.74% |
XRP | $1.43 | -1.41% | -41.35% |
S&P 500 | $6,506 | -1.51% | +14.90% |
Gold | $4,402 | -2.18% | +51.36% |
1. Coinbase Launches 24/7 Stock Perpetual Futures with Synthetic Exposure to Top Tech Stocks
Synthetic trading: Coinbase has launched 24/7 stock perpetual futures trading for international traders, offering synthetic exposure to the Magnificent 7 tech stocks with up to 10X leverage, settled via USDC on crypto rails.
🔎 Insider Insight: Coinbase’s move taps into growing demand for non-stop trading of traditional assets, especially during geopolitical events. By combining crypto infrastructure with synthetic equities, Coinbase positions itself as a competitive player against decentralized venues and traditional exchanges.
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 $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. Morgan Stanley Advances Spot Bitcoin ETF Application with NYSE Arca Listing Plans
ETF application: Morgan Stanley has filed a second amendment to its spot Bitcoin ETF application, confirming plans to list the fund on NYSE Arca under the ticker MSBT, with BNY Mellon and Coinbase as custodians.
🔎 Insider Insight: Morgan Stanley's progress on its Bitcoin ETF application highlights growing institutional interest in spot crypto products. Regulatory clarity is reducing barriers for traditional financial institutions, signaling a potential acceleration in crypto ETF adoption.
What is the name of the process used to verify transactions?
3. Kalshi Valuation Doubles as it Secures $1B in Funding
VC funding: Kalshi has raised over $1 billion in a Coatue-led funding round, doubling its valuation to $22 billion as it continues to expand its regulated prediction market platform.
🔎 Insider Insight: Kalshi's rapid growth underscores the increasing institutional interest in event-based trading, with an annualized revenue run rate of $1.5 billion. Despite legal challenges and regulatory scrutiny, strong investor backing highlights confidence in the sector's long-term potential.
That’s all for today’s insight. Stay informed, and we’ll see you in tomorrow’s edition.
Till next time,
3Insiders Team
