Today’s Insider ⬇️
🔥Crypto market sheds $1B+ in liquidation: Bitcoin and other risky assets take a major hit amid the Israel-Iran conflict
📍Crypto localization: KuCoin launches first-of-its-kind fully licensed local crypto exchange in Thailand
🛍 Retail giants go on-chain: Walmart and Amazon want to issue their stablecoins to ensure reduced fees and faster settlements
Market Update
Market | Value | Day PnL | YTD |
Bitcoin | $104,841 | -2.31% | +54% |
Ethereum | $2,531 | -7.67% | -28% |
Solana | $144 | -9% | +4.71% |
XRP | $2.13 | -4% | +340% |
S&P 500 | $6,045 | +0.38% | +2.78% |
Gold | $3,415 | +1.07% | +30% |
1. Crypto Market Takes a Major Hit Amid Israel-Iran Conflict
Crypto market in disarray! The broader crypto market fell sharply after Israel launched airstrikes against Iran, leading to a 3% decline in the total crypto market cap. While Bitcoin dropped by 2%, from $107K to $103K, other risky assets were also largely affected.
🔎Insider Insight: Israel's recent airstrikes not only caused bloodshed in Iran but also plunged the crypto market into chaos, leading to a 3% drop and over $1 billion in liquidations. The conflict raises concerns over potential retaliation and oil shipment disruptions, further affecting risky assets.
Top Crypto Insider Pick of 2025
Can This Presale Star Live Up to Its ‘Binance Killer’ Title?
It takes more than hype to be tagged “Binance Killer” as a presale token, and that’s why there has been a growing interest in BlockchainFX (BFX).
What’s unique about the project? Driven by innovation, this new platform sits at the intersection of crypto and traditional finance markets; BlockchainFX is a multi-market powerhouse where users can trade crypto, forex, stocks, indices, and commodities, all in one place.
🔎Insider Insight: BlockchainFX (BFX) is gaining interest as a potential "Binance Killer" due to its relevant use case, especially as an innovative multi-market trading platform. With its native token currently priced at $0.014 and set to launch at $0.05, early buyers can anticipate significant upside potential.
2. KuCoin Breaks Ground in Thailand With Fully Licensed Crypto Platform
First-of-its-kind move! Thailand’s first SEC-supervised exchange, ERX, rebranded to KuCoin Thailand, marking the crypto brand’s first fully licensed local crypto exchange globally.
🔎Insider Insight: KuCoin has launched its first fully licensed crypto exchange in Thailand, rebranding the SEC-supervised ERX. This move into a competitive market ranks KuCoin alongside eight other licensed exchanges amid increasing crypto adoption in the country.
3. Amazon and Walmart Just Backed Stablecoins — What That Means for You
Retail payment is about to change forever! With Walmart and Amazon proposing to launch their USD-pegged stablecoins, users can now anticipate a significant reduction in transaction fees and faster settlements.
🔎Insider Insight: Walmart and Amazon are exploring the launch of USD-pegged stablecoins to lower transaction fees and expedite payments. However, their plans hinge on the GENIUS Act for regulatory clarity, which could transform retail payments and online transaction habits in general.
That’s all for today’s insight. Stay informed, and we’ll see you in tomorrow’s edition.
Till next time,
3Insiders Team
