NYT ties $100M WLFI purchase to UK money laundering suspect

Bitcoin slid to $63,912, down 1.97% on the day, and dragged the rest of the market with it. Breadth was ugly: 78 of the 100 coins tracked fell while just 22 rose, and ether lost 2.79%. ADA led losers, down 5.19%, while CRV bucked the trend with a 9.68% gain.

The bigger story came from the New York Times, which reported that the largest disclosed token purchase in World Liberty Financial, a $100 million buy through the Aqua 1 entity, traces back to a businessman under active UK money laundering investigation, with up to $75 million reportedly reaching Trump family and Witkoff-linked entities.

Elsewhere, Strategy sold 1,690 BTC and raised $653 million from MSTR shares, trimming its holdings to 840,447 BTC as bitcoin briefly dipped below $64,000. A rival Bitcoin fork attempt under BIP-110 collapsed after two blocks when its only supporting miner pulled out, and Australia suspended an operator running 96 Bitcoin ATMs.

Named today: Curve DAO (CRV) predictions · Cardano (ADA) predictions

Bitcoin is down 1.97% today to $63,912 and ether is off 2.79%, with 78 of the top 100 coins in the red, so this is a genuinely down day.

Days like this usually combine a few things: large holders selling into strength, weak follow-through buying, and headlines that make traders cautious rather than aggressive. Today's mix includes Strategy offloading 1,690 BTC and raising cash via share sales, which coincided with bitcoin briefly dipping under $64,000.

Add to that a fresh governance scare in Bitcoin's own ecosystem, the BIP-110 fork attempt, and a reputational headline around World Liberty Financial's biggest disclosed token purchase, and you get a market that leans toward selling rather than buying.

None of these on their own moves the whole market much, but together they tend to sap risk appetite, and broad breadth readings like today's 22 up versus 78 down usually reflect exactly that kind of cautious, sell-the-news mood.

Crypto is not up today. Bitcoin is down 1.97% to $63,912, ether is down 2.79%, and 78 of the top 100 coins are lower, so this is a red day across the board.

On days when crypto does rally, it is usually driven by the opposite of what happened today: buyers stepping in on dips, positive regulatory or institutional headlines, and large holders accumulating rather than selling.

Today instead brought a large holder selling bitcoin, a fork attempt in Bitcoin's ecosystem falling apart within hours, a regulatory crackdown on crypto ATMs in Australia, and a reputational headline tying a major token purchase to a money laundering investigation, none of which are the ingredients of an up day.

If you're seeing green in your own portfolio, it is likely an exception: today's gainer was CRV, up 9.68%, against a market where the vast majority of coins fell.

Yesterday 86 calls settled on BitPredict with a 54.7% crowd hit rate, and the best call was WLD to the upside, up 7.17%.

Today's Daily Call asset is Gravity (by Galxe) (G), one shared question, up or down by midnight UTC. Think you can read this market? Put a timestamped call on record. It's free, and your accuracy is scored publicly.