Today’s Insider ⬇️
🏦 State-Funded Crypto Treasury: Michigan state pension fund boosts bitcoin ETF holdings to $11.4m in Q2
🤝 New Face of Stablecoin Market? Metamask teams up with Stripe to explore USD stablecoin launch
🚀 Race of the Largest Corporate Ether Holder: SharpLink Gaming now holds over 521,000 ETH worth nearly $1.9B
Market Update
Market | Value | Day PnL | YTD |
Bitcoin | $115,521 | +1.57% | +104% |
Ethereum | $3,683 | +2.66% | +47% |
Solana | $168 | +42.75% | +15.72% |
XRP | $3.00 | +1% | +484% |
S&P 500 | $6,346 | +0.76% | +7.90% |
Gold | $3,371 | -0.28% | +28.46% |
1. Michigan’s Quiet Crypto Bet: State Pension Fund Deepens BTC and ETH Holdings
State crypto treasury? Michigan State Pension System triples its Bitcoin ETF holdings to 300,000 shares, valued at $11.4 million in Q2, while maintaining a $13.6 million Ethereum position.
🔎 Insider Insight: Michigan's move highlights growing institutional confidence in crypto as a long-term asset class. However, recent Bitcoin ETF outflows suggest caution persists in broader market sentiment.
Top Crypto Insider Pick of 2025
Nearly $5 Million Raised in Soft Capital? 3 Reasons Why BlockchainFX is Worth Every Penny
The global financial market is undergoing a major shift, the type that forces a change in market players and their needs. As CeFi and DeFi continue to converge, traders now seek a unified trading experience more than ever, which explains the growing interest in BlockchainFX (BFX). But what about this project makes it a top choice in the presale market?
Low Entry Price: Unlike traditional presales, BlockchainFX (BFX) uses an ascending price mechanism. Even at the current price of $0.018, the native $BFX token still offers a very good entry point for early backers, compared to a launch price of $0.05.
Multi-Market Trading: Function-wise, BlockchainFX offers a unified trading experience, featuring a multi-market super trading app that allows users to trade all kinds of assets, including crypto, forex, commodities, indices, and stocks.
Daily Passive Revenue: Imagine for a moment what it means to earn a daily passive revenue simply by being a member of a platform. Yes, BlockchainFX (BFX) is that rewarding, especially for active participants. Users earn a portion of the transaction fees generated everyday.
💡 Pro Tip: BlockchainFX users can enjoy benefits like custom Visa cards, exclusive memberships, and up to $25,000 in trading credit, even during presale. Meanwhile, $BFX at $0.018 is a steal before its $0.05 launch, and that’s besides the fact that it is a game-changing project now! 🚀
2. MetaMask’s Native Stablecoin to Compete with Market Leaders
New opponent: MetaMask plans to launch a USD stablecoin (mmUSD) in partnership with Stripe, aiming to compete with USDC and USDT while leveraging its 30M user base for DeFi integration.
🔎 Insider Insight: MetaMask's mmUSD initiative highlights the growing trend of wallet providers entering the stablecoin market. However, regulatory clarity and competitive differentiation will be crucial for its success.
Which consensus mechanism does Bitcoin use to validate transactions?
3. SharpLink Gaming Doubles Down on Crypto Treasury With Fresh Ether Buy
Crypto treasury: SharpLink Gaming increases its Ether holdings to 521,939 ETH, worth nearly $1.9 billion, making it the second-largest corporate ETH holder globally.
🔎 Insider Insight: SharpLink's aggressive ETH accumulation and staking strategy reflect rising corporate confidence in Ethereum's DeFi potential. However, its success hinges on ETH price stability and effective treasury management.
That’s all for today’s insight. Stay informed, and we’ll see you in tomorrow’s edition.
Till next time,
3Insiders Team
