Crypto & Blockchain Daily Brief Thursday, July 3, 2025

Bitcoin investors are experiencing renewed profits as the cryptocurrency's price stabilizes. After a period of volatility and significant price fluctuations, Bitcoin's price has been steadying recently. This stabilization has led to increased confidence among investors who are seeing their profits rise once again. One factor contributing to this stabilization is the decrease in trading volumes, which has resulted in less price volatility. This reduction in trading activity has helped Bitcoin's price find a more stable level, creating a more predictable environment for investors. Additionally, the recent rally in the global stock markets has also had a positive impact on Bitcoin. As traditional markets show signs of recovery and stability, investors are turning to Bitcoin as a safe haven asset. This increased demand for Bitcoin has further contributed to its price stabilization and the profits of investors holding the cryptocurrency. Overall, the current market conditions are favoring Bitcoin investors, with many seeing a return to profitability after a period of uncertainty and volatility. The combination of reduced trading volumes, increased demand as a safe haven asset, and a more stable global market environment has led to a more positive outlook for Bitcoin investors.

Arizona Governor Doug Ducey vetoed a bill that would have allowed state residents to pay their taxes with Bitcoin and other cryptocurrencies. The bill, known as SB 1091, was passed by the Arizona Senate and House of Representatives, aiming to make Arizona the first U.S. state to accept cryptocurrency for tax payments. Governor Ducey expressed concerns about the potential tax consequences and volatility associated with cryptocurrencies. He highlighted the fact that the bill would have required the state to convert the cryptocurrency payments into U.S. dollars within 24 hours, which could expose the state to financial risks due to the fluctuating value of cryptocurrencies. Supporters of the bill argued that accepting cryptocurrency for tax payments would attract new businesses and investors to the state, positioning Arizona as a hub for blockchain and cryptocurrency innovation. They believed that by embracing new technologies, Arizona could create a more business-friendly environment and encourage economic growth. However, opponents of the bill raised concerns about the lack of regulations and consumer protections in the cryptocurrency market. They argued that the volatility and anonymity of cryptocurrencies could pose risks to the state's financial stability and integrity. In his veto letter, Governor Ducey emphasized the need for more comprehensive policies and regulations to address the complexities of cryptocurrency transactions. While he acknowledged the potential benefits of blockchain technology, he ultimately decided to veto the bill to ensure the state's financial stability and protect taxpayers.

Coinbase, one of the leading cryptocurrency exchanges, has acquired Liquifi, a token management platform, for an undisclosed amount. Liquifi provides services related to tokenization, digital assets, and blockchain technology. The acquisition will enable Coinbase to enhance its tokenization offerings and expand its capabilities in the digital asset space. By acquiring Liquifi, Coinbase aims to strengthen its position in the market and provide more comprehensive services to its customers. Liquifi's expertise in token management and blockchain technology will complement Coinbase's existing platform, allowing the exchange to offer a wider range of services to its users. This acquisition comes at a time when the cryptocurrency market is experiencing significant growth and evolution. As more companies and individuals adopt digital assets, the demand for tokenization services is also increasing. Coinbase's decision to acquire Liquifi reflects its commitment to staying at the forefront of this rapidly changing industry and meeting the evolving needs of its customers. Overall, the acquisition of Liquifi by Coinbase is seen as a strategic move to expand the exchange's capabilities in tokenization and digital assets. By integrating Liquifi's technology and expertise into its platform, Coinbase aims to provide a more robust and comprehensive suite of services to its users, further solidifying its position as a key player in the cryptocurrency market.

Ripple, a major player in the cryptocurrency and blockchain space, has applied for a banking license with the United States Office of the Comptroller of the Currency (OCC). This move marks a significant step for Ripple as it aims to expand its services beyond just being a payment protocol provider. By obtaining a banking license, Ripple will be able to offer a wider range of financial services to its customers, which could potentially include lending, borrowing, and investing. This strategic decision aligns with Ripple's goal of increasing its presence in the traditional financial sector and positioning itself as a key player in the evolving financial landscape. The application for a banking license comes at a time when Ripple is facing legal challenges in the U.S. regarding the classification of its XRP token as a security. However, Ripple seems determined to navigate these obstacles and continue its growth trajectory by diversifying its offerings and expanding its regulatory compliance. If Ripple is successful in obtaining a banking license, it would not only enhance its credibility and legitimacy in the financial industry but also open up new opportunities for partnerships and collaborations with traditional banks and financial institutions. This move could potentially solidify Ripple's position as a leading innovator in the fintech space and pave the way for further growth and adoption of its products and services.

For the third quarter in a row, public companies have been buying more Bitcoin than exchange-traded funds (ETFs). These companies have accumulated 92,979 Bitcoin during the second quarter of 2025, while ETFs have acquired 49,087 Bitcoin. This trend reflects a growing interest from public companies in holding Bitcoin as a part of their treasury reserves. The report highlights that public companies have been more aggressive in acquiring Bitcoin compared to ETFs, with the former buying over 80% of the total Bitcoin acquired during the quarter. This indicates a shift in investment strategies, with companies increasingly choosing to hold Bitcoin directly rather than through ETFs. The data also reveals that the top five companies holding Bitcoin are Tesla, MicroStrategy, Galaxy Digital Holdings, Block.one, and Square. These companies continue to lead the way in accumulating Bitcoin, with Tesla holding the largest amount of the cryptocurrency among public companies. The report suggests that the preference for holding Bitcoin directly instead of through ETFs may be due to the desire for more control over the assets and the ability to benefit from potential price appreciation. Additionally, holding Bitcoin directly allows companies to have a more direct stake in the cryptocurrency market. Overall, the data indicates a growing trend among public companies to hold Bitcoin as a part of their treasury reserves, with direct ownership of the cryptocurrency becoming increasingly popular compared to investing through ETFs.