The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

Happy Tuesday! The crypto price rout continues amid Trump tariff uncertainty — but is it time to buy the dip yet?

In today's newsletter, bitcoin plunges to yearly lows, spot ETFs see more than half a billion dollars in daily outflows, Ethereum Foundation's Aya Miyaguchi transitions from Executive Director to President and more.

Meanwhile, a waste management expert says the chances of finding a hard drive, key to a $669 million bitcoin fortune lost to landfill, are 1 in 902 million — a claim owner James Howells "profoundly rejects."

Let's get started.

Bitcoin and other major cryptocurrencies continued to drop significantly on Tuesday amid market uncertainty surrounding President Trump's new tariffs on Canada and Mexico.

U.S. spot Bitcoin ETFs saw $539 million in net daily outflows on Monday, led by $247 million from Fidelity's FBTC, marking the fifth-largest outflow to date.

Another U.S. spot Bitcoin ETF issuer, Bitwise, announced it raised $70 million from investors, including Electric Capital, MassMutual and Haun Ventures, to expand its crypto asset management operations.

Ethereum Foundation Executive Director Aya Miyaguchi is "stepping up" as President of the non-profit organization amid public scrutiny of her leadership from some community members.

Former FTX CEO Sam Bankman-Fried posted on X early Tuesday for the first time since January 2023, deciding to share his views on recent U.S. government layoffs by the Trump administration.

Never miss a beat with The Block's daily digest of the most influential events happening across the digital asset ecosystem.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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