Coinbase Strengthens Ecosystem with Liquifi Acquisition, Shares Rise 5%

On July 3, 2025, Coinbase announced its acquisition of Liquifi, a leading token management platform, causing its shares to surge 5% to over $350. This marks Coinbase's fourth corporate purchase in 2025, as the exchange continues to bridge infrastructure gaps for early-stage on-chain builders. Liquifi specializes in decentralized token issuance, cap table management, and compliance—critical areas for emerging crypto projects. The acquisition underscores Coinbase's commitment to supporting builders earlier in their development journey, further solidifying its position as a key player in the cryptocurrency ecosystem. This strategic move not only enhances Coinbase's service offerings but also signals its bullish outlook on the future of decentralized finance (DeFi) and blockchain innovation.

Coinbase Acquires Liquifi, Shares Jump 5%

Coinbase shares surged 5% to trade above $350 following its acquisition of token management platform Liquifi. The deal marks the exchange's fourth corporate purchase in 2025, targeting infrastructure gaps for early-stage on-chain builders.

Liquifi specializes in decentralized token issuance, cap table management, and compliance—pain points for emerging crypto projects. "This positions Coinbase to support builders earlier in their journey," said Greg Tusar, VP of Institutional Products.

The MOVE addresses regulatory hurdles that frequently complicate token launches. By integrating Liquifi's tools, Coinbase aims to streamline compliance processes and tax obligations for developers navigating complex crypto regulations.

Robinhood’s OpenAI Token Transfer Linked to Wallet with Notable On-Chain History

A Robinhood wallet involved in transferring OpenAI tokens has been linked to a series of high-risk crypto activities, according to on-chain analysts. Coinbase executive Conor Grogan identified the wallet, which previously minted a "Desperate APE Wife" NFT in 2021 and suffered a $15,000 loss on Hyperliquid, a decentralized derivatives platform.

Further analysis by Nansen CEO Alex Svanevik revealed the same wallet funded a FriendTech account tied to Seonge Lee, a Robinhood product manager. The wallet also interacted with OpenSea, Stargate Bridge, and meme coin contracts like TRUMP and SHIBAC, suggesting a retail-level appetite for speculative assets.

Robinhood recently launched crypto-wrapped stock tokens for EU customers, with plans to expand the offering to private companies like OpenAI and SpaceX. The move underscores the platform's push into tokenized traditional assets, blurring the lines between crypto and equity markets.