crypto

Yaël Bizouati-Kennedy7/2/25

Coinbase jumps on Liquifi acquisition

Coinbase, the largest crypto exchange, announced it acquired token management platform Liquifi, adding to the momentum in the crypto M&A space.

Shares of Coinbase were up 2% at market open.

Terms of the deal were not disclosed in the announcement.

“Acquiring Liquifi gives us best-in-class capabilities in token cap table management, vesting, and compliance, and positions Coinbase to support builders earlier in their journey,” Greg Tusar, VP of institutional product for Coinbase, said in the announcement.

Tusar added that launching tokens is “too hard,” due to legal, tax, and compliance challenges. “We want to remove these barriers by providing both the product and the expertise to make token launches simple, compliant, and scalable. Our vision is a world where launching a token is easier, faster, and more global than issuing traditional startup equity.”

In May, Coinbase acquired Deribit, the biggest crypto options platform, in a mammoth $2.9 billion deal. This followed its January acquisition of on-chain ads and attribution platform Spindl.

Coinbase buys token manager Liquifi as crypto M&A heats up

Coinbase buys token manager Liquifi as crypto M&A heats up

“Acquiring Liquifi gives us best-in-class capabilities in token cap table management, vesting, and compliance, and positions Coinbase to support builders earlier in their journey,” Greg Tusar, VP of institutional product for Coinbase, said in the announcement.

Tusar added that launching tokens is “too hard,” due to legal, tax, and compliance challenges. “We want to remove these barriers by providing both the product and the expertise to make token launches simple, compliant, and scalable. Our vision is a world where launching a token is easier, faster, and more global than issuing traditional startup equity.”

In May, Coinbase acquired Deribit, the biggest crypto options platform, in a mammoth $2.9 billion deal. This followed its January acquisition of on-chain ads and attribution platform Spindl.

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Yaël Bizouati-Kennedy

October 10 liquidation event is still a major weight on bitcoin’s price as analysts eye the $70,000 level

“I suspect, based on increased volatility and current price, we are not far from the bottom,” one expert said.

Bitcoin ice carving

crypto

Yaël Bizouati-Kennedy21h

Bitcoin drops to lowest level since day after Trump’s election win

Bitcoin dropped to its lowest level since November 6, 2024, the day after the US presidential election, when it had been in ascendance amid unbridled enthusiasm about the incoming “crypto president.”

While the asset had a quick rebound from the weekend bloodbath, it is now down 2.2% in the past hour, which has brought the price below its lows seen in the sessions following the announcement of reciprocal tariffs on “Liberation Day” in April 2025.

It briefly broke below $74,000 and, according to Bernstein analyst Gautam Chhugani, could still “bottom out” in the $60,000 levels.

Several experts said bitcoin was in the throes of a bear market, including Bitwise CIO Matt Hougan, who nevertheless said it was “close to an end.”

Bitfinex analysts said that the broader flow picture suggests a clear risk-off rotation, with investors reallocating toward cash and gold amid rising macroeconomic and political uncertainty.

“In this environment, the lack of ETF absorption has amplified downside volatility, reinforcing the importance of institutional spot demand as a stabilizing force during periods of market stress,” they said.

crypto

Sage D. Young22h

Standard Chartered predicts solana will more than double in price by end of year

The price of solana is trading at $100, a nearly two-year low, but Standard Chartered forecasts that the token will climb to $250 by the end of 2026.

Geoff Kendrick, the bank’s global head of digital asset research, pointed to flows on decentralized exchanges on solana beginning to shift from meme coins to solana-stablecoin pairs, aided by AI-driven micropayments.

“AI-driven micropayments using stablecoins are starting to demonstrate that the ‘order of magnitude’ cost reduction on solana can enable entirely new markets (in this case micropayments) to develop,” Kendrick wrote in a Tuesday note.

Market-implied probabilities derived from event contracts show that investors think there’s a 30% chance the token will go lower than $40 in 2026. On the bullish side, traders are pricing in a 41% chance it will climb higher that $200 in the same period.

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

Even though the firm expects solana to trade significantly higher by the end of the year, the firm lowered its initial forecast of $310 and predicts the token will underperform ethereum in the next two years.

“Beyond that, if it achieves sufficient scale, we think SOL will be due for a catch-up as this new market takes shape,” Kendrick said.

On a longer horizon, Standard Chartered predicts the token will climb to $2,000 by 2030.

Yaël Bizouati-Kennedy

Bernstein analyst says bitcoin could bottom out at $60,000, but expects its “most consequential cycle” after that

“This is not a ‘bull market correction’ or ‘a dip.’ It is a full-bore, 2022-like, Leonardo-DiCaprio-in-The-Revenant-style crypto winter,” Bitwise CIO Matt Hougan wrote.

Guy with bitcoin on eye

BitMine acquires more ethereum despite being underwater amid token’s price decline

CEO Tom Lee believes “the price of ETH is not reflective of the high utility of ETH and its role as the future of finance.”

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