cryptocurrencyWednesday, July 1, 2026
The biggest story today is President Trump's financial disclosure, which shows he made over a billion dollars from crypto ventures last year. That dwarfs everything else, including a Bitcoin miner's direct listing and a new institutional custody partnership. The ethical questions are impossible to ignore.
The president's disclosure is the day's dominant story, raising questions about conflicts of interest as he pushes pro-crypto policies.
Trump made over $1 billion from crypto in 2025, mostly from his sons' World Liberty Financial token sales and his own meme coin licensing. The disclosure fuels Democratic criticism that his pro-crypto agenda is self-dealing.
AP's coverage confirms the same numbers from the federal filing: nearly $1.2 billion, with meme coins alone bringing in over $600 million. Crypto now dwarfs Trump's traditional real estate income.
Two separate stories show the industry's ongoing evolution: miners pivoting to AI and exchanges improving institutional safeguards.
Ionic Digital, born from Celsius's bankruptcy, filed for a Nasdaq direct listing. The miner is pivoting to AI infrastructure after a $400 million raise, signaling how crypto mining firms are repositioning.
Binance and Anchorage Digital launched a triparty custody solution for institutions. It separates trading from custody, a move that could help Binance win back institutional trust.
The former CEO of Goliath Ventures pleaded guilty to a $400 million fraud scheme targeting crypto investors. It's a reminder that the crypto fraud hangover continues.
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