Today’s Insider ⬇️
🚀 Service Integration: Cash App lets users send USDC stablecoins on chains like Solana and Ethereum
📈 Supply Surge: Tether’s USAT supply grows 540% month-over-month, latest attestation shows
🏦 Crypto ETF: VanEck debuts first US spot BNB ETF in latest crypto investment product expansion
Market Update
Market | Value | Day P&L | YTD |
Bitcoin | $73,384 | -0.61 | -29.77% |
Ethereum | $1,998 | -1.23% | -21.38% |
Solana | $81 | -1.63% | -47.88% |
XRP | $1.32 | -1.51% | -39.38% |
S&P 500 | $7,583 | +0.26% | +28.25% |
Gold | $4,561 | +1.31% | +36.84% |
1. Cash App Enables Fee-Free USDC Transfers Across Solana, Ethereum, Polygon, and Arbitrum
Service integration: Cash App has enabled USDC transfers across Solana, Ethereum, Polygon, and Arbitrum for its 59 million monthly active users, with no fees and no separate wallet setup required.
🔎 Insider Insight: The move marks Cash App's most significant crypto expansion beyond bitcoin, framing stablecoins as a bridge rather than a competitor to its long-term bitcoin focus. For Circle, distribution through 59 million Cash App users is a meaningful adoption channel at a moment when USDC supply has been declining relative to USDT.
Top Crypto Insider Pick of 2026
BlockchainFX Attracts Massive Attention as it Nears $15M Presale Target
BlockchainFX (BFX) is transforming global trading by merging traditional financial markets with decentralized technology. The platform provides seamless access to multiple asset classes, including cryptocurrencies, stocks, forex, and commodities, all within a single, unified ecosystem.
Meanwhile, with transparency and security at its core, BlockchainFX delivers faster transactions, lower fees, and improved accessibility. Its user-friendly interface and all-in-one design have earned it several innovation awards, making it a trusted solution for both institutional and retail investors.
By combining advanced technology with simplicity, BlockchainFX is redefining the trading experience for both experienced and beginner traders. As demand for secure and versatile trading platforms grows, BlockchainFX continues to gain recognition and interest from a global audience.
💡 Pro Tip: Having raised over $14 million in presale funding, BlockchainFX is proving its strong market appeal. At a presale price of $0.035, compared to the $0.05 launch price, $BFX offers an attractive entry point for early investors. With its focus on accessibility, innovation, and value, BlockchainFX positions itself as a compelling solution in the trading world, ensuring it’s more than just another token; it’s a practical tool for modern traders.
2. Tether's USAT Supply Surges 540% Month-Over-Month as GENIUS Act Compliance Drives Demand
Supply surge: Tether's USAT supply surged 540% month-over-month to over 140 million tokens in April, with reserves reaching $141 million backed by cash and U.S. Treasury repo agreements.
🔎 Insider Insight: The explosive growth signals institutional demand for a GENIUS Act-compliant Tether product is real and accelerating ahead of regulatory clarity. Issued by federally chartered Anchorage Digital, USAT gives Tether a U.S. regulatory foothold that its flagship USDT currently lacks.
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3. VanEck Launches First US Spot BNB ETF as Altcoin ETF Market Continues to Expand
Crypto ETF: VanEck has launched the first U.S. spot BNB ETF (VBNB) on Nasdaq, physically backed by BNB in cold storage at Anchorage Digital with a 0.39% sponsor fee.
🔎 Insider Insight: BNB's relative price resilience, roughly flat over the past year while most L1 peers declined significantly, makes it a credible addition to the growing altcoin ETF category. With Grayscale also pursuing a BNB ETF, the altcoin ETF race is expanding well beyond Bitcoin and Ethereum faster than most anticipated.
That’s all for today’s insight. Stay informed, and we’ll see you in tomorrow’s edition.
Till next time,
3Insiders Team
