Crypto Daily｜Bitcoin Slides Below $60,000 as Strategy Selloff Refuels Anxiety; Trump Reports over $1.4 Billion in Income from Crypto Ventures

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Bitcoin Slides Below $60,000 as Strategy Selloff Refuels Anxiety

Bitcoin tumbled as much as 3.5% toward $58,000 on Tuesday as investors reversed an initial vote of confidence in Michael Saylor’s financing overhaul at Strategy, raising fresh concerns that one of the cryptocurrency’s biggest buyers may no longer be a consistent source of demand.

Strategy shares fell 6%, erasing half of Monday’s gains after the company unveiled a broad overhaul of the capital structure behind its Bitcoin strategy. While investors initially welcomed the prospect of stock buybacks and a larger cash reserve, the focus quickly shifted to its newfound flexibility to sell Bitcoin and prioritize balance-sheet management over relentless accumulation.

Trump reports over $1.4 billion in income from crypto ventures

U.S. President Donald Trump reported more than $1.4 billion in income from his family’s crypto ventures last year, showing how Trump now derives most of his income from ​digital assets that have benefited from his policies, according to a review of his latest financial disclosures on Tuesday.

The filings, his annual disclosure for 2025 with ‌the U.S. Office of Government Ethics, disclosed that his companies received almost $800 million from World Liberty Financial, a crypto venture he and his sons co-founded. That income, which the president splits with family members, included more than $520 million from sales of crypto tokens and more than $250 million from the sale of interests in the World Liberty business.

New York Life Investment Management Debuts First Tokenized Bond Fund

New York Life Investment Management, one of the country's largest active asset managers, is moving a piece of its fixed-income business onto the blockchain, partnering with tokenization platform Centrifuge to offer a high-yield corporate bond strategy to crypto-native investors.

The companies announced Tuesday the launch of the NYLIM Anemoy U.S. High Yield Corporate Bond Segregated Portfolio, trading under the ticker HYB. It is NYLIM's first tokenized product, and one of the earliest attempts to bring a high-yield bond fund onto public blockchain infrastructure, according to the announcement.

Bitcoin & Ethereum Spot ETF Flow

The overall net outflow of the US Bitcoin spot ETF on Thursday was $10.2 million. The total net asset value of Bitcoin spot ETFs is $72.41 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 2.29%.

The Bitcoin spot ETF with the highest net outflow on June 30 was Fidelity Wise Origin Bitcoin Fund, with a net outflow of $10.2 million, according to SoSoValue.

Source: SoSoValue