Today’s Insider ⬇️
Tether CEO Paolo Ardoino dismisses IPO rumors
House Committee Investigates Trump’s Crypto Connections
Dubai real estate sales hit $18B in May amid tokenization effort
Market Update
Market | Value | Day PnL | YTD |
Bitcooin | $105,778 | +0.50% | +52% |
Ethereum | $2,513 | +0.75% | -31% |
Solana | $149 | -1% | -6.52% |
XRP | $2.26 | +3.35% | +357% |
S&P 500 | $6,000 | +1% | +2% |
Gold | $3,331 | -1.27% | +26% |
1. Tether CEO Paolo Ardoino dismisses IPO rumors
Tether Dismisses IPO Rumors: Despite a $515 billion valuation, Tether CEO Paolo Ardoino confirmed the company has no plans to go public, emphasizing confidence in its private structure.
Circle’s IPO Sparks Comparisons: Circle, Tether’s rival, went public with an $8.1 billion valuation, prompting analysts to speculate on Tether’s potential as a public company.
Tether’s Financial Strength: Backed by Bitcoin, gold, and US treasuries, Tether’s diversified assets and dominant USDT trading volume solidify its market leadership without public scrutiny.
Conclusion: Tether CEO Paolo Ardoino has dismissed IPO rumors, affirming confidence in the company’s private structure despite its $515 billion valuation. Tether's strong financial backing and market leadership allow it to thrive without going public.
Top Crypto Insider Pick of 2025
BlockchainFX (BFX)’s untapped potential signals endless possibilities
One of the most exciting aspects of this project is its positioning at the intersection of crypto and traditional finance markets. BlockchainFX (BFX) particularly features an ‘all-in-one’ super trading app that allows users to trade a wide range of digital assets.
Imagine being able to trade diverse assets, including cryptocurrencies, forex, commodities, indices, and stocks, all in one place. This untapped potential presents endless opportunities, especially for early backers who get to enjoy a lot of exclusive benefits.
Presale Benefits: During its ongoing presale, BlockchainFX offers exclusive perks, including a custom BFX Visa Card (available only during this period) and a built-in reward system that provides daily passive income in BFX and USDT.
Symbol | Current Price | Key Features |
$BFX | $0.0145 (Presale) | All-in-One Trading App, Daily Passive Staking Income |
Conclusion: BlockchainFX (BFX) offers an all-in-one trading app that bridges crypto and traditional finance. While the platform is set to launch soon, the native BFX token offers more than just growth potential. Holders can already earn a share of trading fee revenue and receive daily USDT rewards, even before launch.
2. House Committee Investigates Trump’s Crypto Connections
Case Review: The House Financial Services Committee examined Trump’s alleged crypto profits and regulatory actions, including the “Preventing Trump’s Participation in Cryptocurrency Act.”
Focus on Regulatory Frameworks: The hearing focused on addressing gaps in crypto regulations through the CLARITY Act and other proposals to reshape U.S. compliance.
Market Sensitivity to Regulation: Bitcoin’s resilience and recent surge highlight the sector’s sensitivity to regulatory discussions, which could impact innovation.
Conclusion: The House Financial Services Committee is investigating Trump’s crypto ties and reviewing proposed regulations to reshape the U.S. crypto landscape. Bitcoin's recent surge underscores the market's sensitivity to regulatory discussions.
3. Dubai real estate sales hit $18B in May amid tokenization effort
Dubai Real Estate Hits $18B in May: Dubai's property market saw $18.2 billion in sales, a 44% YoY increase, signaling strong investor confidence and market growth.
Push for Real Estate Tokenization: Record-breaking sales highlight Dubai’s readiness for tokenization, enabling fractional property ownership and expanding access for global investors.
Regulatory Support for Tokenized Assets: Dubai introduced updated rules and secured a $3B blockchain deal in May to modernize and tokenize real estate transactions.
Conclusion: Dubai's real estate sales reached $18.2 billion in May, a 44% increase, reflecting strong investor confidence. The city’s push for property tokenization and new regulations aims to enhance access for global investors.
That’s all for today’s insight. Stay informed, and we’ll see you in tomorrow’s edition.
Till next time,
3Insiders Team
