{"id":19094,"date":"2025-07-02T17:55:09","date_gmt":"2025-07-02T17:55:09","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2025\/07\/02\/crypto-market-recap-tech-billionaires-launch-crypto-focused-bank-coinbase-acquires-liquifi\/"},"modified":"2025-07-02T17:55:09","modified_gmt":"2025-07-02T17:55:09","slug":"crypto-market-recap-tech-billionaires-launch-crypto-focused-bank-coinbase-acquires-liquifi","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2025\/07\/02\/crypto-market-recap-tech-billionaires-launch-crypto-focused-bank-coinbase-acquires-liquifi\/","title":{"rendered":"Crypto Market Recap: Tech Billionaires Launch Crypto-Focused Bank, Coinbase Acquires Liquifi"},"content":{"rendered":"<\/p>\n

Here\u2019s a quick recap of the crypto landscape for Wednesday (July 2) as of 9:00 a.m. UTC.<\/strong><\/p>\n

Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.<\/p>\n

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Bitcoin and Ethereum price update <\/h3>\n

Bitcoin (BTC) <\/strong>is priced at US$107,699, up 1.6 percent in the last 24 hours. The day\u2019s range for the cryptocurrency brought a low of US$105,402 and a high of US$107,968 at the opening bell. <\/p>\n<\/div>\n

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Bitcoin price performance, July 2, 2025.<\/em><\/p>\n

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Chart via TradingView<\/p>\n

Bitcoin\u2019s price gain was driven by a calm in Middle East tensions and growing optimism after the Fed signaled a dovish tilt, both factors boosted investor risk appetite. . Additionally, continued inflows into US spot Bitcoin ETFs and favorable regulation expectations helped sustain the upward momentum.<\/p>\n

Ethereum (ETH)<\/strong> is priced at US$2,450.40, up by 2.1 percent over the past 24 hours. Its lowest valuation on Wednesday was US$2,393.31 and its highest was US$2,467.66. <\/p>\n<\/div>\n

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Altcoin price update <\/h3>\n

Solana (SOL)<\/strong> was priced at US$149.40, up by 2.2 percent over 24 hours. Its highest valuation as of Wednesday was US$150.29, and its lowest was US$145.46. <\/p>\n

XRP<\/strong> was trading for US$2.18, up by 0.7 percent in 24 hours. The cryptocurrency\u2019s lowest valuation was US$2.15 and its highest was US$2.20. <\/p>\n

Sui (SUI)<\/strong> is trading at US$2.74, showing an increase<\/em>of 4.7 percent over the past 24 hours. Its lowest valuation was US$2.67, and its highest valuation was US$2.82. <\/p>\n

<\/span>Cardano (ADA)<\/strong> is priced at US$0.5576, up by 4.7 percent in the last 24 hours and its highest valuation of the day. Its lowest valuation as of Wednesday was US$0.538. <\/p>\n<\/div>\n

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Today\u2019s crypto news to know <\/h3>\n

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Tech billionaires launch Erebor, a crypto-focused bank to fill SVB void<\/h4>\n

A group of prominent tech investors, including Anduril\u2019s Palmer Luckey, Peter Thiel\u2019s Founders Fund, and Palantir co-founder Joe Lonsdale, are backing a new US-based crypto bank called Erebor, according to the Financial Times.<\/p>\n

Erebor has applied for a national banking charter and plans to serve technology-driven sectors like AI, defense, and crypto, as well as individuals working in these fields. The digital-only bank will be headquartered in Columbus, Ohio, with an additional office in New York. <\/p>\n

Erebor intends to hold stablecoins on its balance sheet, offering a stable value backed by reserves. The bank is led by Owen Rapaport and Jacob Hirshman, a former Circle adviser. <\/p>\n

Erebor\u2019s mission is to address the gap left by the collapse of Silicon Valley Bank, which had been a critical channel for startups and venture investors until its 2023 failure. <\/p>\n

Coinbase buys Liquifi in undisclosed deal<\/h4>\n

Coinbase has acquired Liquifi, a startup that builds token management platforms for crypto projects, continuing its busy M&A streak in 2025. <\/p>\n

Liquifi, backed in its 2022 seed round by Dragonfly and investors like Balaji Srinivasan, helps projects track token vesting, manage crypto cap tables, and handle tax requirements. <\/p>\n

Coinbase declined to disclose the purchase price but said Liquifi will help streamline token launches and distribution. This puts Coinbase closer to an \u201cend-to-end\u201d model, similar to Binance\u2019s launchpad, which supports crypto creation from early stages. <\/p>\n

Liquifi has been locked in a legal fight with competitor Toku over alleged business document theft, claims which it denies, and Coinbase said it will stand by Liquifi\u2019s defense. <\/p>\n

The deal follows other Coinbase acquisitions this year, including Spindl, Iron Fish\u2019s team, and the record-breaking US$2.9 billion Deribit buy. <\/p>\n

China considers Stablecoins to reinforce cross-border payment strategy<\/h4>\n

Policy advisers in China are pressing Beijing to explore stablecoins for cross-border payments, even as the country\u2019s broad crypto ban remains in place, Bloomberg reported.<\/p>\n

People\u2019s Bank of China Governor Pan Gongsheng noted that stablecoins could make international finance more resilient to geopolitical disruptions, a view echoed by other senior officials. <\/p>\n

Former PBOC governor Zhou Xiaochuan suggested dollar-linked stablecoins might even accelerate dollarization, while others see a case for yuan-backed coins to support China\u2019s long-term currency goals. <\/p>\n

The momentum comes after the US Senate passed a stablecoin bill in June, advancing President Trump\u2019s digital currency agenda. <\/p>\n

Stablecoin supply is projected to reach US$3.7 trillion by 2030, driven by cheaper, faster settlement options compared to traditional banking.<\/p>\n<\/div>\n

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.<\/strong><\/p>\n

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.<\/strong><\/strong><\/p>\n<\/p>\n

This post appeared first on investingnews.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Here\u2019s a quick recap of the crypto landscape for Wednesday (July 2) as of 9:00 a.m. UTC. Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news. Bitcoin and Ethereum price update Bitcoin (BTC) is priced at US$107,699, up 1.6 percent in the last 24 hours. The […]<\/p>\n","protected":false},"author":0,"featured_media":19095,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-19094","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/19094","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=19094"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/19094\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/19095"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=19094"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=19094"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=19094"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}