Today’s Insider ⬇️
🚀 Stablecoin Adoption: Japan's yen-backed stablecoins scheduled to roll out this fall
🎉 First Memecoin ETF? Grayscale proceeds with Dogecoin ETF plan under ticker ‘GDOG’
📖 Thailand’s New Playbook: Thailand introduces Crypto-to-Baht payment system for tourists
Market Update
Market | Value | Day PnL | YTD |
Bitcoin | $118,288 | +0.46% | +98% |
Ethereum | $4,566 | +3.81% | +75% |
Solana | $194 | +3% | +38% |
XRP | $3.13 | +1% | +452% |
S&P 500 | $6,449 | -0.29% | +9.66% |
Gold | $3,335 | +0.01% | +27.10% |
1. Japan to Approve First Yen-Backed Stablecoin in a Transformational Move
Asia’s first? Japan’s FSA will approve JPYC as the first yen-backed stablecoin this fall, potentially reshaping demand for Japanese government bonds.
🔎 Insider Insight: Yen stablecoins could boost Japan's bond market by driving institutional demand for government bonds, similar to the U.S. trend. This move underscores Japan's urgency to modernize its financial system amid global stablecoin expansion.
Top Crypto Insider Pick of 2025
BlockchainFX Presale Run Draws Near to an End: 3 Reasons to Buy Now
The Presale market is rarely silent, thanks to the many hyped tokens. However, despite the chaos, the market is known for providing rare gems like BlockchainFX (BFX). This presale star didn’t earn its recognition from mere hype but rather from its unique market positioning and exclusive benefits that include:
Unified Trading Experience: For everyday traders, the market needs are changing by the day, especially as CeFi and DeFi continually merge. While this new reality creates a gap across both crypto and traditional markets, platforms like BlockchainFX are closing it by introducing a unified trading ecosystem for all kinds of traders.
Security and Audit: Most times, investors feel a lot of ease when they realize how much effort a project is putting in place to ensure the safety of the asset and ultimately the well-being of users. To check this box, BlockchainFX has undergone multiple security audits from industry leaders like CoinSult, Certik, and SolidProof.
Low Entry Price: Unlike traditional presales, BlockchainFX (BFX) uses an ascending price mechanism. Even at the current price of $0.019, the native $BFX token still offers a very good entry point for early backers, compared to a launch price of $0.05.
💡 Tip: Having crossed the $5 million mark in its presale run, it has become evident that BlockchainFX boasts an undeniably bright future. This, coupled with several benefits like custom Visa cards, exclusive memberships, and up to $25,000 in trading credit, makes it an attractive project, not to mention that $BFX at $0.019 is a steal before its $0.05 launch. 🚀
2. Grayscale Pushes for First Memecoin ETF Amid Fierce Competition
First memecoin ETF: Grayscale files to convert its Dogecoin Trust into an ETF under the ticker "GDOG," entering the growing crypto ETF approval race.
🔎 Insider Insight: Grayscale's move reflects expanding interest in crypto ETFs amid a more favorable regulatory environment. However, competition remains intense as the SEC reviews numerous applications, signaling a crowded market.
3. Thailand Introduces TouristDigiPay: Crypto-to-Baht Payments to Boost Tourism
New Trend? Thailand plans to launch "TouristDigiPay" on August 18, enabling tourists to convert crypto to Thai Baht for electronic payments while boosting tourism revenues.
🔎 Insider Insight: Thailand’s crypto payment initiative reflects its push to integrate digital assets into tourism recovery. However, strict regulations and limited awareness among stakeholders may slow adoption.
That’s all for today’s insight. Stay informed, and we’ll see you in tomorrow’s edition.
Till next time,
3Insiders Team
