Today’s Insider ⬇️
⚠️ Israel-Iran conflict goes on-chain: The Iranian government imposes a curfew on crypto exchanges following the Nobitex hack.
🔮 Ohio gets serious with crypto: The Ohio House passes a bill that legally insulates various crypto activities, including tax exemption.
📈 Renewed optimism for China’s CBDC? The Chinese apex bank pushes for worldwide adoption of its digital currency to foster multipolarization
Market Update
Market | Value | Day PnL | YTD |
Bitcoin | $105,003 | +0.50% | +61% |
Ethereum | $2,537 | +0.52% | -28% |
Solana | $146 | -0.75% | +5.55% |
XRP | $2.16 | +0.80% | +340% |
S&P 500 | $5,980 | +0.05% | +1.69% |
Gold | $3,377 | +0.24% | +28% |
1. The Iranian Government Steps in to Protect Citizens’ Interest Amid Targeted Crypto Attack
On-chain warfare? Iran imposed a curfew on crypto exchanges after a $90 million politically motivated hack on Nobitex, the country’s largest trading platform.
🔎 Insider Insight: The Nobitex hack highlights the geopolitical risks tied to crypto markets in sanction-heavy regions like Iran. By curbing exchange hours, Iran aims to manage systemic risks, but the incident underscores vulnerabilities in centralized platforms and the growing role of blockchain in global political conflicts.
Top Crypto Insider Pick of 2025
BlockchainFX (BFX) Sees Soaring Interest as Many Tag it “Binance Killer.”
Almost eight years later, it turns out that Binance’s supremacy can only last as long as its innovation remains relevant. With emerging platforms like BlockchainFX (BFX) redefining exchange protocols, it's only a matter of time before a new wave of projects emerges.
What’s unique about the project? BlockchainFX introduces a multi-market super trading app that enables users to trade diverse digital assets, including cryptocurrencies, forex, stocks, indices, and commodities.
🔎 Insider Insight: BlockchainFX offers users the convenience of instantly swapping between crypto and traditional assets, converting to cash, and spending on the go with their custom BFX Visa Card. With a low entry price of $0.0145, positive expert reviews, and exclusive perks like daily USDT rewards, BlockchainFX is a top crypto pick for high returns.
2. If Passed, Ohio's "Blockchain Basics Act" Could Boost Crypto-First SMEs
Ohio backs crypto! Ohio’s House passed the Blockchain Basics Act that exempts crypto transactions under $200 from capital gains tax and protects mining and staking activities from regulatory overreach.
🔎 Insider Insight: The bill positions Ohio as a crypto-friendly state by promoting blockchain innovation and safeguarding crypto mining and staking. With 40 U.S. states considering similar legislation, Ohio’s proactive approach highlights growing state-level support for decentralized technologies amid federal regulatory uncertainty.
3. China’s Plan to Expand Digital Yuan Could Promote Multipolarization
CBDC adoption: China’s central bank pledged to expand the digital Yuan globally and establish an international operations center in Shanghai to challenge the US dollar’s dominance in cross-border payments.
🔎 Insider Insight: The digital yuan’s expansion reflects China’s ambition to redefine the global financial system with a multipolar currency model. By highlighting vulnerabilities in traditional cross-border payment systems, China is set to position its CBDC as a tool for economic resilience amid geopolitical tensions and growing competition with stablecoins.
That’s all for today’s insight. Stay informed, and we’ll see you in tomorrow’s edition.
Till next time,
3Insiders Team
