Today’s Insider ⬇️
Buckle up, guys! It’s about to be a wild ride in the crypto landscape. Retail payment networks like Visa and Mastercard might need to dust off their old business plans because the U.S. Senate just passed the GENIUS Act! That’s right — e-commerce giants like Amazon and Walmart are now officially in the stablecoin race.
Meanwhile, over in China, JD.com is sprinting ahead to launch its stablecoin, promising to slice cross-border payment costs by a staggering 90%! It’s like a high-stakes race where everyone’s trying to outdo each other in the crypto Olympics.
Elsewhere, just when you thought the chaos couldn’t get any better, Thailand is throwing in a 5-year tax break on crypto transaction profits. What a time to be alive!
Here are the highlights:
The U.S. Senate passes landmark GENIUS crypto regulation bill
Chinese e-commerce giant JD.com officially joins the stablecoin race
Thailand announced a 5-year tax break on crypto transaction profits
Market Update
Market | Value | Day PnL | YTD |
Bitcoin | $104,740 | -1% | +60% |
Ethereum | $2,504 | -1.64% | -26% |
Solana | $146 | -3% | +7% |
XRP | $2.14 | -3% | +333% |
S&P 500 | $5,982 | -0.84% | +1.72% |
Gold | $3,387 | -0.03% | +29% |
1. The U.S. GENIUS Crypto Regulation Bill Gets a Majority ‘Yes’ Vote
A vote of confidence for crypto? The Senate has passed the bipartisan GENIUS Act, a landmark cryptocurrency bill aimed at regulating stablecoins, with a positive 68-30 vote after months of negotiation.
🔎 Insider Insight: The GENIUS Act reflects growing urgency to regulate stablecoins and strengthen U.S. dollar dominance in digital payments. However, concerns over ethics and potential loopholes tied to Trump’s cryptocurrency dealings highlight lingering partisan tensions as the bill moves to the House.
Top Crypto Insider Pick of 2025
BlockchainFX (BFX) Combines Attributes of Crypto and Traditional Finance Markets
Imagine a super app that delivers the promises of Binance and Robinhood on a single platform. That’s exactly what BlockchainFX (BFX) is out there doing, enabling users to trade diverse digital assets, including cryptocurrencies, forex, stocks, indices, and commodities.
What’s unique about the project? Users can instantly swap between crypto and traditional asset classes, convert to cash, and spend on the go using their a custom BFX Visa Card. Talk about convenience!
🔎 Insider Insight: BlockchainFX’s diverse market appeal underscores its ability to meet the needs of various traders. This, coupled with a low entry price at $0.0145, positive reviews from industry experts, as well as exclusive benefits, including daily USDT rewards, a custom BFX Visa Card, and up to $25,000 in trading credit, positions BlockchainFX among the top crypto picks for high returns.
2. Chinese e-Commerce Giant JD.com Officially Joins the Stablecoin Race
Stablecoin rally: Chinese e-commerce giant JD.com plans to launch a stablecoin to cut cross-border payment costs by 90% and settle transactions within 10 seconds, targeting global licensing.
🔎 Insider Insight: JD.com’s entry into the stablecoin market signals China’s growing focus on digital currencies to challenge U.S. financial dominance. With the GENIUS Act advancing in the U.S., global stablecoin competition is intensifying.
3. Thailand Announced a 5-Year Tax Break on Crypto Transaction Profits
Crypto tax break: Thailand has introduced a five-year capital gains tax exemption for crypto transactions, effective 2025–2029, to position itself as a global digital asset hub.
🔎 Insider Insight: By exempting crypto capital gains tax, Thailand aims to boost its domestic digital asset market and attract global investors. Meanwhile, the move also aligns with stricter local licensing rules, fostering a transparent and regulated crypto ecosystem while competing with other tax-friendly jurisdictions like Singapore and the UAE.
That’s all for today’s insight. Stay informed, and we’ll see you in tomorrow’s edition.
Till next time,
3Insiders Team
