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- 🌙 Bitcoin Tops $109,000 After Senate Passes Trump’s ‘Big Beautiful Bill’
🌙 Bitcoin Tops $109,000 After Senate Passes Trump’s ‘Big Beautiful Bill’
The crypto market posted modest gains Wednesday, rebounding after two days of volatility.
Mike Gavela
July 02, 2025
Crypto Roundup - July 2
Bitcoin surged past $109,000 after the U.S. Senate approved Trump’s so-called “Big Beautiful Bill,” sparking renewed market optimism and regulatory clarity around digital assets. Meanwhile, BlackRock’s Bitcoin ETF is proving to be a financial powerhouse, reportedly generating more revenue than its S&P 500 ETF, underscoring institutional appetite for crypto exposure. In a strategic move to strengthen its role in digital asset infrastructure, Coinbase has acquired LiquiFi, a token management platform, reinforcing its position in tokenized asset services.
Top Stories
Bitcoin tops $109,000 after U.S. Senate passes Trump’s crypto-friendly “Big Beautiful Bill.”
BlackRock’s Bitcoin ETF now generates more revenue than its S&P 500 ETF, per Bloomberg data.
Coinbase acquires LiquiFi, expanding into token management to support on-chain asset operations.
TOP STORIES
FUNDRAISING
We’re excited to share that Lolli has been acquired by @thesis_co!
As part of the Thesis ecosystem of bitcoin-powered financial products, the acquisition will accelerate Lolli’s growth and unlock new ways to earn and use bitcoin every day.
— Lolli 🍭 (@trylolli)
1:06 PM • Jul 2, 2025
OTHER HEADLINES
CRYPTO TWITTER (X)
Excited to bring @liquifi_finance into Coinbase to make it easy for any startup to issue a token, manage their cap table, and eventually raise money.
— Brian Armstrong (@brian_armstrong)
9:06 PM • Jul 2, 2025
With Ripple announcing they are seeking a banking charter as well as a Fed master account, this means they will be the very first crypto bank that:
1. Holds reserves directly with the Feds, ie no bank required
2. Can provide banking services, and likely include crypto.
3. Can— Vincent Van Code (@vincent_vancode)
8:26 PM • Jul 2, 2025
JUST IN: CIO of Fundstrat Capital, Tom Lee, predicts banks will buy $ETH to secure their stablecoins, not just for speculation, but for infrastructure.
— Whale Insider (@WhaleInsider)
5:26 PM • Jul 2, 2025
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