Coinbase $COIN recorded a phenomenal appreciation of ~43% in June, becoming the best-performing company in the S&P 500 for the month.
Recently, Coinbase completed its fourth major acquisition of 2025 — LiquiFi, a leading token management platform used by Uniswap Foundation, Optimism, Ethena, Zora, and 0x — after the purchase of US$ 2.9 billion from Deribit in May and Spindl & Iron Fish.
👉 Changpeng Zhao's company invests US$ 135 million to "merge Wall Street and blockchain".
The moment seems decisive to unite traditional and crypto markets, especially with regulatory issues advancing in various countries.
YZi Labs (formerly Binance Labs), Changpeng Zhao's company, announced an investment of US$ 135 million in Digital Asset, a platform focused on the use of blockchain technology by banks and other traditional financial institutions.
The investment round also included participation from DRW, Tradeweb, Goldman Sachs, Citadel Securities, and DTCC.
This integration is not unique to this group. Other companies are also focusing on asset tokenization, improving the investor experience.
👉 Use of stablecoins surges in Brazil, which transacted R$ 9.6 billion in June.
The Brazilian market recorded a record movement of R$ 9.6 billion in stablecoins in June, with a highlight on Tether (USDT), responsible for R$ 6.63 billion of this total, according to data from the Biscoint platform.
👉 A new foundation is created with a focus on bringing Ethereum to US$ 10 million and strengthening the community.
The Ethereum Community Fund (ECF), a new independent foundation from the Ethereum Foundation, has been officially launched with an ambitious goal: to drive ETH to a new level of valuation, aiming for the mark of US$ 10 million.
We are ready for an agreement on tariffs with the US, says Von der Leyen.
The President of the European Commission, Ursula von der Leyen, stated that the European Union (EU) is ready for an agreement on tariffs with the United States and emphasized that the European Commissioner for Trade, Maros Sefcovic, is in negotiations with his counterparts in Washington. However, the European leader stressed that the bloc is also prepared for a scenario without "a satisfactory agreement".
"We want a negotiated resolution, but all instruments are 'on the table' if we do not reach an agreement. We will defend European interests; what we seek is a principled agreement with the US," she noted during a press conference this Thursday (3).
👉 Fed must keep interest rates unchanged with the labor market still resilient.
A still strong labor market, despite some pressure caused by tariffs and immigration crackdowns, should prevent the Federal Reserve from reducing interest rates until September and from making more than two cuts of 0.25 percentage points throughout the year, according to traders on Thursday.
The monthly U.S. employment report showed that 147,000 jobs were created in June, a figure above expectations, and the unemployment rate unexpectedly fell to 4.1%. A separate report showed that initial unemployment claims fell.
👉 Bessent: we did not see any inflation from the tariffs, they are not inflationary.
The U.S. Treasury Secretary, Scott Bessent, said that no inflation has been seen as a result of the tariffs, which he believes are not inflationary, in an interview with CNBC on Thursday. "You might see a one-time price increase due to the tariffs. But in terms of widespread economic inflation, I don't think they cause that," he mentioned.
According to Bessent, the comments that the tariffs would harm the economy and the markets did not materialize. "The market had the fastest recovery of all time, since the low in April. And we are at new highs in the market," he defended.
👉 After a better-than-expected employment report today, US stocks are rallying and the S&P 500 and NASDAQ have renewed their historical highs once again.
📈 The NY stock markets closed higher this Thursday, with the S&P 500 and Nasdaq setting new records after the better-than-expected payroll showed the strength of the US economy. The Dow Jones rose 0.77%, the S&P 500 advanced 0.83%, and the Nasdaq gained 1.02%. The services PMI also came in strong, reducing bets on interest rate cuts and validating the Fed's caution amid Trump’s criticisms regarding interest rates.
👉 Trader is liquidated at R$ 1,1 billion due to the rise of Bitcoin and Ethereum.
A trader operating at the Hyperliquid brokerage was liquidated 14 times this Wednesday (2) while betting on the decline of Bitcoin and Ethereum. The investor has two other open short positions that are about to be liquidated again.
Both Bitcoin and Ethereum, along with other cryptocurrencies, are experiencing a strong rise this Thursday. While BTC approaches US$ 110,000, rising 3.3%, ETH targets US$ 2,600 while rising 6.7%.
Data from Coinglass shows that more than 100,000 investors were liquidated in the last 24 hours in the futures market.
👉 Employment in the private sector of the United States fell by 33 thousand in June; hiring pace slows.
▶️ The ADP report showed that the US private sector eliminated 33 thousand jobs in June, contrary to the expectation of creating 95 thousand jobs. In the previous month, 37 thousand jobs had been created.
⚠️ The most important data regarding the US labor market will be released tomorrow.
👉 Goldman Sachs: "Our American economists now see more paths for early cuts than before, their forecasts show three cuts this year and a lower terminal rate," according to a note.
👉 William J. Pulte, who serves as director of the U.S. Federal Housing and chairs Fannie Mae and Freddie Mac, urged Congress on Wednesday to initiate an investigation into the chairman of the Federal Reserve, Jerome Powell.