Today’s Insider ⬇️
Crypto Regulation: Turkey halts controversial plan to tax crypto transactions
Crypto Accumulation:GameStop Confirms It Still Holds 4,710 BTC Worth Roughly $368M
Token Sales: World Foundation subsidiary sells $65 million in WLD tokens through OTC deals as token hits all-time low
Market Update
Market | Value | Day P&L | YTD |
Bitcoin | $66,626 | -0.14% | -19.44% |
Ethereum | $1,994 | -1.35% | +7.53% |
Solana | $82 | -1.17% | -34.96% |
XRP | $1.32 | -1.37% | -37.42% |
S&P 500 | $6,434 | -0.67% | +41.34% |
Gold | $4,533 | +3.44% | +49.30% |
1. Turkey Drops Controversial Crypto Tax Plans Amid Strong Opposition
Crypto regulation: Turkish lawmakers withdrew controversial provisions to tax crypto transactions, including a 0.3% levy and plans to tax withdrawals to non-custodial wallets, following strong opposition.
🔎 Insider Insight: The withdrawal reflects concerns about capital flight and the challenges of enforcing poorly designed crypto taxes. Turkey’s attempt to regulate its growing crypto market shows growing governmental interest but highlights the need for policy frameworks that avoid pushing users to offshore platforms.
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2. GameStop Confirms 4,710 BTC Holdings, Monetizes Position Through Covered-Call Strategy
Crypto accumulation: GameStop confirmed it still holds 4,710 BTC worth $368 million, with most pledged as collateral for a covered-call strategy generating $2.3 million in unrealized gains.
🔎 Insider Insight: GameStop’s decision to monetize its Bitcoin position via call options reflects a strategic pivot to offset unrealized losses amid market volatility. This proactive approach highlights the growing sophistication of corporate crypto treasury management.
Which country was the first to adopt Bitcoin as legal tender?
3. World Assets Sells $65M in WLD Tokens as Prices Hit Record Low
Token sales: World Assets, a subsidiary of the World Foundation, sold $65 million in WLD tokens via OTC deals at an average price of $0.27, as WLD hit an all-time low of $0.24, down 97% from its March 2024 peak.
🔎 Insider Insight: The sharp decline in WLD's value reflects mounting challenges for the project amid oversupply concerns and low demand. The upcoming token unlock event in July 2026 could further pressure prices, amplifying risks for holders and investors.
That’s all for today’s insight. Stay informed, and we’ll see you in tomorrow’s edition.
Till next time,
3Insiders Team
