Bitcoin Price Plunges as Trump Family Earns Billions from Crypto

Crypto markets experienced a turbulent day with Bitcoin's price plummeting to $61,000 before recovering to $61,500. The sudden drop was not met with a huge liquidation event, with just $400 million in positions wiped out.

The Trump family may have earned over $2.3 billion from crypto projects linked to their name, according to a Reuters investigation. This is despite the family taking little financial risk and obtaining significant ownership stakes in companies without direct cash investments.

Japan's SBI Shinsei Bank is launching a new service that will allow customers to receive cryptocurrency vouchers based on their account balances. The vouchers can be exchanged for Bitcoin, Ethereum, or XRP and are expected to be added to regular interest payments in yen.