News & Research

Coinbase Exchange has acquired token management platform Liquifi, its fourth acquisition in 2025, according to Fortune Crypto. Liquifi provides tools for tracking token ownership, managing distributions and handling tax compliance for crypto firms. The acquisition comes amid a broader trend of consolidation in the crypto industry. Financial terms were not disclosed.

Banca Sella, an Italian banking group, is running an internal pilot to test stablecoin custody, according to Bloomberg. The bank is working with technology provider Fireblocks on the trials. Banca Sella is reportedly not planning to offer trading in cryptocurrencies like Bitcoin (BTC) at this time.

Bitwise CIO Matt Hougan said on X that he expects spot Ethereum (ETH) ETF inflows to rise sharply in the second half of 2025. He highlighted that the integration of stablecoins and equities on ETH presents a compelling narrative for traditional investors. ETH ETFs saw $1.17 billion in inflows in June and could reach $10 billion in the second half alone.

Nasdaq-listed Bitcoin (BTC) miner Cipher Mining produced 160 BTC, sold 58 and ended June holding 1,063 BTC, according to a press release from GlobeNewswire.

JPMorgan’s blockchain unit Kinexys is developing a service to tokenize carbon credits in partnership with S&P Global Commodity Insights, EcoRegistry and the International Carbon Registry, according to Bloomberg. The pilot aims to improve transparency, efficiency and trust in the carbon market using blockchain technology. Tokenization is seen as a potential solution to long-standing issues like market fragmentation and lack of standardization.

Swedish crypto broker K33 announced on its official website that it has acquired 10 Bitcoin (BTC) for approximately SEK 10 million (about $1.05 million), as part of its new Bitcoin treasury strategy. The firm now holds 35 BTC and plans to expand its holdings as investment funds become available. K33 recently completed a successful share issue to support its goal of acquiring up to 1,000 BTC.

Crypto exchanges Bybit and OKX have launched the Markets in Crypto-Assets Regulation (MiCA)-compliant crypto exchanges in the European Union, expanding their presence under the EU’s new unified regulatory framework, according to Cointelegraph. Bybit is operating out of Austria with a Crypto Asset Service Provider (CASP) license, while OKX launched its regulated platform in France. The moves reflect growing interest from major exchanges as MiCA enables passporting across the European Economic Area.

German fintech Ivy has integrated Circle’s (CIRCL) USDC and EURC stablecoins into its always-on payment infrastructure, CoinDesk reported. The platform enables crypto companies, payment service providers (PSPs) and e-commerce merchants to send real-time bank payments, settle funds in European currencies and convert them into stablecoins—all within a single system.

Ripple (XRP), a digital payment protocol, announced on X that it has partnered with financial infrastructure provider OpenPayd to improve access to fast and compliant cross-border payments. The integration connects Ripple Payments to OpenPayd’s real-time payment rails for the euro (EUR) and British pound sterling (GBP) and provides direct support for minting and burning RLUSD, Ripple’s U.S. dollar-backed stablecoin.

The U.S. M2 money supply hit a record $21.94 trillion in May, signaling economic growth but raising mixed signals for Bitcoin, according to CoinDesk. While rising liquidity can boost demand for risk assets, it may also fuel inflation, complicating future U.S. Fed rate cuts. Analysts warn that continued money supply growth could pressure the Fed to raise rates instead of easing.