Today’s Insider ⬇️
💸Crypto Regulatory Sanction: Crypto ATM giant Coinme to pay $300K fine for breaking California limits
🏦Crypto Policy Revision: Hong Kong's digital asset policy 2.0 to boost stablecoin, RWA tokenization, and regulation
🇪🇺🤝European Market Expansion: Crypto Exchange, Kraken, penetrates the EU market with MiCA license from Ireland
Market Update
Market | Value | Day PnL | YTD |
Bitcoin | $107,112 | -0.55% | +73% |
Ethereum | $2,431 | +1% | -28% |
Solana | $142 | -1.90% | +2.63% |
XRP | $2.12 | -3.31% | +347% |
S&P 500 | $6,120 | +0.47% | +4.06% |
Gold | $3,317 | -0.47% | +26% |
1. Coinme's California Sanctions Signal Increasing Regulatory Scrutiny in the Crypto Industry
Coinme hit with regulatory fine: Coinme, a crypto ATM provider, was fined $300K by California regulators for exceeding transaction limits and violating disclosure requirements under the Digital Financial Assets Law.
🔎 Insider Insight: This enforcement action highlights California’s strict stance on crypto regulation, aiming to protect consumers and combat fraud. As regulatory oversight tightens, crypto operators must adapt to avoid penalties and enhance compliance in an evolving legal landscape.
Top Crypto Insider Pick of 2025
BlockchainFX (BFX)’s Multi-Market Appeal Attracts Positive Reviews from Early Backers
BlockchainFX (BFX) has been making rounds in the presale market. The multi-market trading platform is being endorsed by many industry experts for reasons including massive daily earning potential, lifestyle integration, and the ability to trade diverse digital assets, including cryptocurrencies, forex, stocks, indices, and commodities, all in one place.
What’s unique about the project? The presale project boasts several unique attributes, including its reward-laden ecosystem, and exclusive presale benefits such as a custom BFX Visa Card and up to $25,000 in trading credit.
🔎 Insider Insight: Thanks to its reward-driven ecosystem and diverse trading options, BlockchainFX is positioning itself as a strong challenger to major platforms like Binance and Robinhood. Its low presale price of $0.0145 and lifestyle-focused benefits make it an attractive option for traders seeking high returns and convenience.
Which of these project ignited the NFT boom in late 2017?
2. Hong Kong Doubles Down on Its Digital Asset Push with an Updated Policy Roadmap
Hong Kong reviews crypto strategy: Hong Kong unveils its Digital Asset Policy 2.0 to boost stablecoin adoption, tokenized real-world assets (RWAs), and establish unified crypto regulations.
🔎 Insider Insight: The updated policy demonstrates Hong Kong’s ambition to lead in digital finance by fostering innovation, scaling tokenized markets, and creating a robust regulatory framework. By integrating blockchain into traditional markets, the city aims to solidify its position as a global financial hub while attracting talent and industry collaboration.
3. Kraken Joins Coinbase, Penetrates the European Market with MiCA License from Ireland
Victory at last! Kraken secures the first full MiCA license from the Central Bank of Ireland, enabling regulated crypto services across all 30 EEA countries.
🔎 Insider Insight: By obtaining a MiCA license, Kraken gains a strategic edge in Europe’s unified crypto market, ensuring compliance ahead of regulatory deadlines. This move bolsters Kraken's EU presence, streamlines operations, and positions the exchange for long-term growth amidst increasing institutional demand.
That’s all for today’s insight. Stay informed, and we’ll see you in tomorrow’s edition.
Till next time,
3Insiders Team
