
Trump's billionaire crypto czar is heavily invested in a fund whose top 5 holdings are the 5 in the US government Crypto Strategic Reserve.
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JV
I participate in restaurants for a limited time.
Unknown Speaker 2
My dad works in B2B marketing. He came by my school for career day and said he was a big ro as man. Then he told everyone how much he loved calculating his return on ad spend. My friends still laugh at me to this day.
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Unknown Speaker 3
Let's get down to business.
JV
I don't got no time to play around. What is this? Must be a circus in town. We shut the shit down on these clowns. Can I get a witness? Marshall Mathers. In today's show I'll be sharing the latest technical analysis. And you do need to know the largest ever CME gap has just been printed in the bitcoin futures chart. Also breaking news. President Donald Trump's son Eric Trump says now my advice is hoddle hodl be thy name family. Max Kaiser calls for 2.2 million in place as everything goes to zero against Bitcoin. Also we'll be discussing Trump's crypto reserve plan faces the Congress vote which may limit the rally. We'll also be discussing crypto crypto ETPs record 2.9 billion worth of outflows Bitcoin hit the hardest as well as breaking news Japan's Meta Planet buys more of the bitty exploring potential US listing as well as crypto czar David Sachs confirms he doesn't hold any crypto. However, there's some jaw dropping corruption going down in the U.S. trump's billionaire crypto czar is heavily invested in a fund whose top five holdings are in the top five of the US Government crypto strategic reserve. And mere hours before Trump announced it, someone bought 200 million and Ethereum and Bitcoin on 50x leverage which guarantees us it must be an insider. We'll also be discussing the latest from Samson Mao who says I've been thinking about the U. S Strategic bitcoin crypto reserve and there's two possible outcomes which I'll be breaking down for you. We'll also be taking a look at.
Unknown Speaker 3
The Overall crypto market. All this plus so much more in today's show.
JV
Yo, what's good crypto fam? This is first and foremost a video show. So if you want the full premium experience with video, visit my YouTube channel at cryptonewsalerts.net again that's crypto news alerts.net today is pot episode 1922. I'm your fearless host JV and it's March 3rd, 2025. Yesterday was one of the biggest daily candle closes in the history of bitcoin. Roughly a God candle of 10,000. But we did correct. Since then you all know the big news. Trump confirmed confirmed the strategic crypto reserve for the United States would include bitcoin, Ethereum, Solana, Cardano and xrp. And the market has been on a rip ever since then. But anyways, let's kick off today's show.
Unknown Speaker 3
As we do each and every day.
JV
Today is Pod Episode 1922 as I mentioned and the market is corrective here. As you can see on your screen we got bitcoin trading just above 90,200. Ether down 6%, XRP down 8%. But XRP did jump like 33% yesterday so this is to be expected. Solana is down 8% after a massive jump and Cardano is the biggest gainer Yesterday up over 60% correcting today 6%.
Unknown Speaker 3
Still trading above 97 cents. Checking out coin market cap the current Crypto Market Cap 2.97 trillion. Bitcoin Market Cap $1.786 trillion. We have 187 billion worth of volume.
JV
For the past 24 hours.
Unknown Speaker 3
The Bitcoin volume on the climb as the bitcoin Dominan has been corrective. But today it's jumping currently 60.2% with ether dominance all the way down to 9.2% as eth continues dropping in comparison to the bitcoin dominance. And checking out the top 100 crypto gainers past 24 hours we got Onyx coin up 20% flare up 4% and Bitcoin gash up 2% as the bulk.
JV
Of the market corrective and in the red as we can see here in the crypto bubbles we get a visual perspective on the day. Virtually everything was in the green yesterday.
Unknown Speaker 3
Well today everything just flip back in the red. Welcome to reality and checking out the monthly some of these alts and say 95% of the market reck city down 30, 40, 50 plus percent. And checking out the crypto greed and fear index today we're 33 fear yesterday 26 last week of 49 and last month of 68 in greed and checking out the time chain calendar. Looky here. You can currently exchange one fiat monopoly dollar for 1100 and 11sats. So happy 1111. Stack the sats, put down the gats and pick up some bitcoin caps from my man Sergio over at Bitcoin Caps Net.
JV
But anyways, fam koms are flowing now let's dive into today's technical analysis AKA astrology for the brosis. A couple of the headlines here. Bitcoin price jumps to 93,000 as XRP flips Ethereum by fully diluted value which did occur yesterday and also the largest ever CME gap has just printed in the bitcoin futures as you can see here in the headline. That's because over the weekend we ripped 10,000 virtually a God candle, which means there is a massive gap in the futures chart and very often we've returned to those levels to close it during the weekday. Can this happen? It can. So have that on your radar. We could revisit.
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JV
Usdisclaimers the 85, 000 range and some of the breaking news. President Trump's son Eric Trump says my now advice is to hold AKA hoddle.
Unknown Speaker 3
That's his advice.
JV
So if you're listening to, you know, the Trump administration, they're telling you to hollow your bitcoin because obviously they're very pro crypto. Their entire administration, common sense and Max Kaiser, excuse me, has shared. The other day yesterday 2.2 million in play.
Unknown Speaker 3
Everything go zero against Bitcoin.
JV
So there you have it coming directly from the high priest and now pulling up some of the live charts, some live chart action. Jackson, Satisfaction and yesterday we did a pretty awesome pump watch. We did like an eight hour stream. Let me know if you guys were on it.
Unknown Speaker 3
But as you can see yesterday we.
JV
Bottomed out at roughly 85 and then we soared to like 96. Big corrective red here today as you can see on your screen, this is the hourly chart but we have been climbing since and we're currently just above 90300 via trading via Coinbase, which is the chart we're staring at right now. Welcome to Chart Watchers Anatomist. My name is JV and I got addicted to the three little bitty going up back in 2017. I've been addicted ever since. Please let me know who you are, where you're tuned in from and I'll read your comments out here shortly. But on the four hour chart you can see massive corrective candle, big red candle. But we are uh, recovering since then. Zooming out from the four hour, we'll take a look at the daily chart which says we're going up forever.
Unknown Speaker 3
Laura.
JV
Yesterday one of the biggest green candle closes in bitcoin history. Correct me if I'm wrong, maybe the biggest. I know it's up there. I don't know if it is officially the largest. But a 10,000 gain on the daily chart is pretty significant. But you can see corrective overall today on the daily chart we still have a couple of bearish targets. One at just shy of 69. Everyone's favorite number 69, 420 Broskis. And we also have a super bull b a bear target of 49 which I don't see happening.
Unknown Speaker 3
Let me know if you think the.
JV
Bottom is in which was 78 roughly three days ago. And talk about extreme volatility from 78 to 96 within a couple of days. Craziness. And checking out the weekly chart, we still have the sexy cup and handle target in play. Looks like for the week. We did get the weekly candle close yesterday and it was red because we started off the week very bearish and then we finished very strong. But we still have the 120000 target in play on the cup and handle for the weekly chart. And zooming out from the weekly, take.
Unknown Speaker 3
A quick look at the monthly.
JV
And a monthly chart shows you March is already forming a nice bullish candle. The month of February was extremely bearish. Unfortunately January was bullish. Then of course December was bearish. And November we had the strongest monthly candle close in bitcoin history since the inception of the genesis block. But you guys let me know where you feel the prelo bitty likely to take us next and let me know where you're tuned in from and I'll read your comments out loud.
Unknown Speaker 3
Now let's discuss a little deeper. The crypto strategic reserve for the United States of America. Here we go.
JV
Obviously crypto market surge following Trump's announcement of the potential strategic crypto reserve. But analysts caution the rally may be short lived March 2, Trump said he has been directed to include three altcoins, XRP, Solana and Cardano, and the U S Crypto Reserve Reserve. The reserve will obviously also include Bitcoin and ether, Trump added in another post on Truth Social. The announcement triggered a market wide rebound with the global crypto market cap rising nearly 7% to above 3 trillion, while Bitcoin breached the 95,000psychological mark after a 7.7 intraday rally. And here's the official tweet which started it all from Trump on Truth Social. A U S Crypto reserve will elevate this critical industry after years of corrupt attacks by the Biden administration. Which is why of order on digital assets directed the Presidential Working Group to move forward on a Crypto Street Strategic reserve including xrp, Salana, Cardano. I will make sure the US Is the crypto capital of the world. We are making America great again. And then of course shortly after, more than likely, I would assume either Baron, his son or Mikey Sailor text Trump like what the. Why didn't you mention Bitcoin? And then he said and obviously Bitcoin and ether and also other valuable cryptos.
Unknown Speaker 3
Will be at the heart of the reserve.
JV
Like what other valuable cryptos? Trump Coin? What are we talking? He also says I love Bitcoin and Ethereum. But still, the rally may be temporary due to the lengthy approval process required to establish the U.S. reserve, according to a principal research analyst at blockchain analytics firm Nansen, quoting her here, I think constituting a reserve by buying new tokens is a complex process that will need Congress's vote, so it will take time. I would be a bit wary of the sustainability of today's still getting around.
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JV
Move and later we'll be diving deeper into the insider trading because There was a 200 million dollar long on Bitcoin with 50x leverage right before Trump made the official announcement. Which leads everyone with a half a brain to believe it was insider trading. Insider information, which we'll dive deeper into a little later. Some analysts expect an imminent market bottom after bitcoin's active addresses reached a near three month high February 28, signaling the market is at a crucial turning point that may signal the capitulation moment according to crypto intelligence platform into the block now, Cardano, Solana and XRP have outperformed the market on Trump's announcement of their inclusion in the U S Strategic reserve.
Unknown Speaker 3
Now still the crypto market's upside may.
JV
Be limited to invite significant volatility of the short term, according Nansen here.
Unknown Speaker 3
As early mentions, it's likely it will not be that easy that I expect volatility in these tokens today. Especially already seen in Cardano nearly touching.
JV
A 177 pumping 60% on the day.
Unknown Speaker 3
And now sitting at 94 cents. But regardless of how long these gains will last, it is momentarily positive for the market. But the question for the future will be if any of it will come to fruition. If not, it'll likely be a negative news point for crypto ultimately meaning it needs to pass like the Congress or the Senate. Trump can't just sign that bill into existence. He's saying his plan is to do so, but first it needs to be approved. And now that they're including a lot of these shitcoins and unannounced shitcoins, it's just less likely to get approved and going to take more approval through the process or be more lengthy. I mean common sense, right? Still, crypto investors continue looking forward to other crypto industry specific developments as potential catalysts, including the first White House summit which is March 7th this Friday. So the first White House crypto summit will be live this Friday the 7th. Make note of it. While there is no additional details about the summit's agenda, stablecoin regulation and legislation related to a strategic crypto reserve have been at the forefront of the regulatory discussions in the U. S. So there you have it. And if you don't know, now you know. Which leads me to believe did Trump just make that announcement to help his Insider profit roughly $10 billion on the 200 million dollar 50x long? Because the 50x long on 200 million is roughly a 10 billion dollar position and we just had the biggest gain roughly in bitcoin history yesterday. So I mean this can't just be a big coincidence. And in order to trade 200 million and have 200 million sitting in your trading account, that makes me believe they're billionaires because no one in their right mind would risk everything they own and say I have 200 million, let's risk it all in the most risky trade of all time. Not gonna happen. So it's a multi billionaire with access to insider information, knowing Trump is going to make that post, obviously, but we'll dive into that later. You guys. Let me know your thoughts next.
JV
Story of the day Fam, let's Discuss these crypto ETPs, shall we? Exchange traded products headline reads crypto ETPs record 2.9 billion of the outflows Bitcoin got hit the hardest. That's right, the ETPs experienced the biggest weekly sell off of all time, with the outflows reaching a record almost 3 billion last week. Part of the reason we cracked it so much amid the three consecutive week of the outflows, global crypto ETP seen 3.8 billion wiped out European crypto investment firm Coin Shares reported the crypto ETP bloodbath was likely driven by several Factors including the 1.5 billion Bybit hack, hawkish rhetoric by the U S Fed and a preceding 19 week inflow streak of 29 billion. These elements likely led to a mix of profit taking and weakened sentiment towards the asset class. And as the largest asset for the global crypto ETPs, Bitcoin bore the brunt.
Unknown Speaker 3
Of the Uyghur sentiment with 2.6 billion.
JV
Of the outflows just last week. Barteril reported its month to date flows were also down 3.2 billion short. Bitcoin ETPs saw minor inflows totaling 2.3 million and on the other hand, SUI was the best performer in terms of.
Unknown Speaker 3
The ETPs last week seeing 15 million.
JV
Of inflows, followed by XRP ETPs with 5 million of inflows. ETPs on ether, the second largest crypto.
Unknown Speaker 3
Asset, saw 300 million of outflows last.
JV
Week with MTD inflows amounting to 490 million.
Unknown Speaker 3
That means means month to date and.
JV
With the latest sell off, the total assets under management and crypto ETPs dropped to 138 billion after rising to a historical high of 173 billion and that was in January. Meanwhile, Black Rocks IBIT recorded their largest.
Unknown Speaker 3
Weekly outflows with 1.3 billion exiting the.
JV
Funds following the first 2025 outflows of 22 million the previous week. The selloff marks the first major outflow.
Unknown Speaker 3
Event of BlackRock's iShares ETFs, though the fund have still recorded 3.2 billion of net inflows year to date, with 51 billion currently in assets.
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JV
And there you have it. I mean, let's see how this week plays out.
Unknown Speaker 3
I think the institutions will continue stacking like there ain't no tomorrow.
JV
Especially after that tweet from the Trump administration yesterday that they are going to include all of these cryptos and establish a crypto strategic reserve. Bullish, bullish, bullish.
Unknown Speaker 3
Let's discuss Metal Planet the Japanese Metal Planet buys more of the Biddy and explores the potential US Listing. That's right, Bitcoin stack and investment firm Metal Planet purchase another 156 of the Biddy March 3rd. As the CEO said, the firm is exploring a potential listing outside of Japan, such as in the United States. Can I get a konichiwa? The 156 bitcoin purchase for around 100 or 13 million was at 85 a coin. So they bought the dip. Bring in Meta Planets total Bitcoin stash to 23, 91 of the biddy, the company said on March 3. Simon Gurevich led firm has now bought 196 million worth of the biddy at an average price of 82, 000. Can you say winning? Putting it up 13 since it first started its bitcoin investment strategy in April of last year as he announced here. Following the Sailor put, Meta planet has acquired 156 bitcoin for 13.4 million at 85000 per biddy and has achieved a bitcoin yield of 31.8% year to date 2025 and as of 3-3-2025 we hold 2391 of the video acquired 496 million at 82, 000 per video. Give it up for the Nibinator. So yeah, this is the Sailor put. He just follows exactly what Sailor is doing on a smaller scale. Even makes the announcement virtually the same way Sailor does it. It comes as he met with officials at the New York Stock Exchange and NASDAQ over the last week to introduce Meta Planets platforms and functions. Quitting them here we're considering the best way to make Meta Planet shares more accessible to investors around the world. And here he is in front of the New York Stock Exchange ring the bell. In fact, replace the bell with a gong and let's hit the gong as the bitcoin broskis hit the bomb. How's that sound? Now Meta Planet shares have already been trading over the counter market since November, making the company's stock more accessible to the international investors. OTC Markets is a U S based financial market providing price and liquidity info for around 12000 over the counter securities, many of which are international.
JV
Now the Meta Planet shares have risen 530% from $3 to $18 since launching Nov. 22. Pretty significant increase there. Meta Planet has also been one of the best performers on the Tokyo Stock Exchange over the last last 12 months, increasing 1800%. Meta Planet, currently the 14th largest corporate Bitcoin holder in the world according to Bitbo's Bitcoin Treasuries data. Meta Planet has adopted a range of financial instruments to assist this bitcoin strategy since April and is aiming to accumulate 21000 of the biddy. Very awesome goal by the way by 2026 as part of the broader strategy to lead Japan's Bitcoin renaissance. Let's go Japan, let's go Meta Planet Stacking thy biddy. Let's freaking go. Next Story here's the latest about the Crypto Czar.
Unknown Speaker 3
Headline reads David Sacks confirms he doesn't hold any other crypto.
JV
That's at least what he says. White House AI and Crypto czar David Sachs confirm he does not hold any crypto assets, having sold everything prior to the U S Trump's inauguration. He says I sold all my cryptocurrency including Bitcoin, Ethereum and Solana prior to the start of the administration. Let me know if you believe that or do you believe he sold it and he's being genuine? But then he repurchased it back 10 minutes before Trump made the announcement and put it on 50x leverage. You guys let me know. His comments came in response to the Financial Times article shared by George Hammond reporting. Sachs investment firm Craft Ventures retained stake and a small number of the crypto startups. Both Sachs and the firm sold their direct crypto holdings soon after Trump's inauguration, according to a person with knowledge of the matter. The San Francisco based venture firm was founded by Sachs in 2017 and was launched for funds for funds since then. Its last one was closed in November after raising 712 million, according to the official website. Craft Ventures has investments in Bitwise, crypto custodian Bitco and social media giant Meta, Reddit and X. Sachs also invested in Solana focused venture firm Multi coin Capital in 2018. Which is ironic, right? So they're saying yeah, you may have sold your bitcoin Ethan Solana, but you still have direct exposure tall East. So to think you're not to get rich by the Trump administration making everything pro crypto would be, you know, not accurate. So in the earlier post Zach said Trump is keeping his promise to make the US and crypto capital of the world following his announcement of the strategic reserve as of yesterday. Trump will host the first White House Crypto Summit this Friday, March 7th, bringing together industry leaders and executives to discuss regulation, stable coins and the proposed US Crypto reserve. Meanwhile, Eric Trump said he loved the genius of announcing a strategic reserve on a Sunday when traditional markets are closed and Wall street sleeps.
Unknown Speaker 3
The only downside the Jack Welch Management.
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JV
Virgin yet is it creates the CME futures gap. So now we have a gap between 85 and 95, 000 which will probably have to go get closed sometime when the legacy markets are open over the weekdays.
Unknown Speaker 3
That's the downside.
JV
But first of time retail investors. Winnie exclaimed as crypto markets who are 12 of the reaction to the announcement some crypto surge 60 like Cardano now Pompliano, the founder and CEO of Capital.
Unknown Speaker 3
Management shared the sentiment saying it was.
JV
Objectively hilarious that Trump announced a strategic crypto reserve yet Wall street can't even participate because they have antiquated hours of operation. And if you don't know now, you know. Now for our featured story of the day. Jaw dropping corruption in the United States. Trump's billionaire crypto czar is heavily invested in a fund whose top five holdings are in the five in the US Government strategic reserve. So all of the cryptos which were just announced announced by Trump yesterday, which include Bitcoin, Ethereum, Solana, XRP and Cardano he has involved in this. Let's just break it down. I'll read you the the tweets and go from there and then we'll dive a little deeper into this. Mere hours before Trump announced it, someone bought 200 million in Ethereum and Bitcoin on 50x leverage. As you can see here in the screenshot right now Bitwise invest is celebrating because the main crypto coins going into the crypto strategic reserve fund just so happen to match Bitwise guys's top five crypto holdings. Can all this be a big coincidence? Honestly, you know I don't believe in these coincidences. And then you can see here, so the question begins, how much input did David Sachs have on which tokens are going to be in the strategic reserve? And then of course David Sachs came out saying he doesn't own any bitcoin or ethereum, that he sold all his.
Unknown Speaker 3
Tokens before, you know, he took the.
JV
Position as being the crypto czar. But if he had has basically exposure.
Unknown Speaker 3
To these stocks, he's still benefiting and it can still be considered, you know, insider trading. Now Samson Mao posted something and I.
JV
Haven'T even read it yet. So we're gonna take the time to dive deep into this. You know, I greatly respect Samson. He says, I've been thinking about the U. S Strategic bitcoin crypto reserve and there's two possible outcomes.
Unknown Speaker 3
Number one, the reserve is bitcoin and none of the mentioned altcoins actually make it in or number two, we are going to accelerate into degeneracy unlike anything before long time thread. So let's break down this thread by.
JV
Samson Mao and of course he is referring to the big announcement from Trump yesterday regarding xrp, Solana, Cardano, Bitcoin and ethereum all being a part of the strategic crypto reserve for the United States of America. Now diving deeper into his thread, first we should address address the big question. Why is Samson saying that none of the alts Trump listed will make it in? Didn't the president just say xrp, Solana Cardano and ETH will be included? Well, can Trump actually just dictate what things are going into a reserve? I don't think so. There will need to be a report proposal from the working group and then congress will need to pass legislation. So then why did Trump say he would direct the working group to move forward on the crypto strategic reserves that specifically includes those altcoins? Well, why do politicians say anything? No offense to the politicians we talk to regularly. I'm pretty sure Trump knows he can't actually ensure those things are included. But if you read the words carefully, he can of course direct the work group to do something, but it doesn't mean it'll happen. There are theories out there that some traders that benefited from the post haven't opened long positions in advance and those trades could be connected to Trump. I think so personally, but and I'll dive deeper into that later. But a similar possibility is that it is just to appease the lobbyists that are pushing for their coins to be included in the reserve. Charles Hoskinson, Brad Garlinghouse, Vitalik, Joseph Lubin, maybe secure some donations. There definitely was some leak that follows some traders to front run the news, but that could be a leak from from whoever manages his social account or the platform itself. The post could also be intended to give some exit liquidity to Ripple or Cardano lobbyists or donors. It makes sense to pump those coins now because once a real report comes out with a list of the coins or criteria, it's too late. This would go in line with the reasons for why Trump pushed the Trump meme coin before inauguration. He couldn't do it post inauguration, but who knows?
Unknown Speaker 3
The possibilities are endless.
JV
Us the one thing we know for sure is if you don't post something to pump very specific coins on a low liquidity Sunday for no reason. One reason why the US Is a major financial center is because there is a rule of law and guidelines for.
Unknown Speaker 3
How things are done. Things generally make sense.
JV
That's why people from around the world.
Unknown Speaker 3
Feel safe Investing into Bitcoin, ETFs and securities in the U. S. If Trump.
JV
Can somehow just unilaterally pick random coins.
Unknown Speaker 3
To put into a national reserve, well, that is just very bad for the US Things stop making sense and it is now a free for all this.
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Unknown Speaker 3
That sets us down path number two, accelerating into degeneracy. The impact is far greater than just crypto, but could potentially undermine the U.
JV
S financial system even more so than.
Unknown Speaker 3
The fiscal mismanagement of the past few decades. All right, so now let's look at path number one. Why will the crypto reserve not have xrp, Solana, Cardano and eth? It goes back to this. The US Is a major financial center.
JV
Because there is rule of law and.
Unknown Speaker 3
Guidelines for how things are done. That applies to the strategic Bitcoin Reserve or the strategic crypto reserves. One does not simply buy a bunch of shit coins for a country and the president working group tasks to get the crypto reserve. Let's just call it that from now on since Trump is calling it that going will need to define many things including criteria for what can be included. There must be guidelines for selection because we are not on yet the path number two and things should kind of make sense. I would expect some list of requirements for what can be included in a reserve. But much like we have the Howie test to define what qualifies as a security and just a reminder that Ethereum does not even pass the Howie tester, does it?
JV
It does pass the Howie test.
Unknown Speaker 3
He says okay, so as a presidential working group writing up the report and defining criteria for cryptos would be included. I believe they will will coalesce on something like this. And here's what he suggests. Requirements for the strategic bitcoin reserve Reserves.
JV
Assets must be based on proof of.
Unknown Speaker 3
Work to ensure fundamental which would exclude all those coins right off the rip.
JV
To assure fundamental integrity and assurance of immutability. Proof of stake assets cannot be included because foreign actors can gain control simply by owning the asset. Reserve assets must be dominant in their hashing function to ensure reserve resistance to attacks. Reserve assets must not be merged, mined or dependent upon the security of another asset. So no forks. Reserve assets cannot be premier or allocation to insiders. Thank you. Should be no insider trading. Reserve assets must be been existing or operational for at least 10 years and again a lot of those alts do not qualify. Reserve assets must not be securities and if their exit exists reasonable doubts further investigations must be undertaken. Reserve assets must be able to be secured in coal storage utilizing multi cell sig systems that do not involve blind signing. The blockchain of the reserve asset must be fully intact and verifiable for the genesis block. And there are probably more requirements depending upon how seriously the U S wants to be taken. And he goes on and on. I'm not going to continue to read this but you guys let me know your thoughts and shout out Samson Mound thank you for all the support on the stream. We appreciate you. I put here bitcoin because f the banks Pompliano wrote other countries outside of the U S States are focused on acquiring bitcoin. They don't see any of the altcoins having national importance and thank God for that. And as the Illuminati bot wrote here.
Unknown Speaker 3
If you're not for bitcoin you either.
JV
Don'T understand it or don't mean well, there is no third option.
Unknown Speaker 3
Preach.
JV
I couldn't agree more.
Unknown Speaker 3
But you guys let me know your.
JV
Thoughts regarding the strategic crypto reserve for the United States.
Unknown Speaker 3
Let me know how you think it.
JV
All fair in the end, do you.
Unknown Speaker 3
Think it'll only be bitcoin and all.
JV
The others will not get accepted by the Congress or Senate in the next next step? You guys let me know your honest thoughts and I read your comments out loud. Welcome everyone to the Q and A segment of the stream. And don't forget to check out cryptonews alerts.net for the full premium experience with video and to participate in our live Q and A. And I look forward to seeing you on tomorrow's episode. Hoddle.
Host: Justin Verrengia (JV)
Release Date: March 3, 2025
In Episode 1922 of "Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News," host Justin Verrengia delves deep into a series of groundbreaking developments shaking the U.S. cryptocurrency landscape. The episode tackles the recent announcement of the U.S. strategic crypto reserve, allegations of insider trading, significant movements in crypto Exchange Traded Products (ETPs), and notable actions by major players like Meta Planet and Crypto Czar David Sachs.
The episode begins with a comprehensive market overview. JV notes a substantial correction in the crypto market following one of Bitcoin's largest daily candle closes in history, with a "God candle" surge of $10,000. Despite this correction, Bitcoin remains robust, trading just above $90,200. Other major cryptocurrencies like Ethereum (ETH) and XRP saw declines of 6% and 8% respectively, following their significant jumps the previous day.
Notable Quote:
"Yesterday was one of the biggest daily candle closes in the history of bitcoin. Roughly a God candle of $10,000." — JV [03:24]
The discussion transitions to technical analysis, highlighting critical levels and potential market movements. JV emphasizes the significance of the largest ever CME gap printed in the Bitcoin futures chart due to the weekend's price surge, suggesting a possible return to fill this gap during the weekdays.
Notable Quote:
"The largest ever CME gap has just been printed in the bitcoin futures chart... Can this happen? It can." — JV [05:06]
A central focus of the episode is President Donald Trump's announcement regarding the establishment of a U.S. strategic crypto reserve. This reserve is set to include major cryptocurrencies such as Bitcoin, Ethereum, Solana, Cardano, and XRP. The announcement sent shockwaves through the market, triggering a nearly 7% increase in the global crypto market cap and pushing Bitcoin past the $95,000 mark during an intraday rally.
Notable Quote:
"A U.S. Crypto reserve will elevate this critical industry after years of corrupt attacks by the Biden administration. We are making America great again." — President Donald Trump via Truth Social [10:48]
However, analysts express skepticism about the sustainability of this rally, citing the complex process of establishing such a reserve, which requires Congressional approval and detailed criteria for asset inclusion.
Notable Quote:
"Constituting a reserve by buying new tokens is a complex process that will need Congress's vote, so it will take time." — Nansen Analysts [10:50]
JV raises alarms about potential insider trading surrounding Trump's announcement. Mere hours before the official declaration, there was an unprecedented purchase of $200 million worth of Ethereum and Bitcoin on 50x leverage. This suspicious activity suggests possible insider knowledge, implicating individuals close to the administration.
Notable Quote:
"Mere hours before Trump announced it, someone bought $200 million in Ethereum and Bitcoin on 50x leverage... that must be an insider." — JV [11:50]
Further, the host discusses the role of David Sachs, the White House AI and Crypto Czar, who publicly claimed to have divested all crypto holdings prior to Trump's inauguration. However, contradictions emerge as it was revealed that Sachs' investment firm retains stakes in crypto startups and recently repurchased his holdings just before the strategic reserve announcement.
Notable Quote:
"David Sachs confirms he doesn't hold any crypto... but repurchased it back 10 minutes before Trump made the announcement." — JV [20:31]
The episode examines the tumultuous week for crypto Exchange Traded Products (ETPs), which saw record outflows totaling $2.9 billion. Bitcoin-led ETPs experienced the most significant withdrawals, with $2.6 billion exiting last week alone. Factors contributing to this sell-off include the recent $1.5 billion Bybit hack, hawkish statements from the U.S. Federal Reserve, and a prior 19-week inflow streak of $29 billion leading to profit-taking.
Notable Quote:
"Crypto ETP bloodbath was likely driven by several factors including the $1.5 billion Bybit hack and hawkish rhetoric by the U.S. Fed." — JV [15:39]
Despite the outflows, some ETPs like SUI and XRP saw minor inflows, indicating selective investor confidence amidst broader market uncertainty.
Meta Planet, a Japanese investment firm, made headlines by purchasing an additional 156 Bitcoin for approximately $1.13 million at $85,000 per Bitcoin, bringing their total holdings to 239 BTC. This strategic move aligns with their goal to accumulate 21,000 BTC by 2026, positioning Meta Planet as a significant player in Japan's Bitcoin renaissance.
Notable Quote:
"Meta Planet has acquired 156 Bitcoin for $1.13 million at $85,000 per BTC... aiming to accumulate 21,000 BTC by 2026." — JV [19:41]
The firm also explored potential U.S. listings, enhancing accessibility for international investors and reflecting confidence in Bitcoin's long-term value.
David Sachs, the appointed Crypto Czar, publicly stated that he does not hold any cryptocurrency assets, asserting that he sold all his holdings before Trump's inauguration. However, revelations indicate that Sachs' firm, Craft Ventures, still maintains stakes in several crypto startups and repurchased his crypto assets shortly before the strategic reserve announcement.
Notable Quote:
"David Sachs confirms he doesn't hold any crypto assets, having sold everything prior to the U.S. Trump's inauguration." — JV [20:26]
This discrepancy fuels suspicions of potential conflicts of interest and further deepens concerns about corruption within the administration's crypto initiatives.
Samson Mao, a respected figure in the crypto community, offers a dual-perspective analysis on the U.S. strategic crypto reserve:
Reserve Exclusivity for Bitcoin: Mao posits that despite Trump's announcement, the reserve will likely focus solely on Bitcoin, excluding the mentioned altcoins due to stringent criteria and regulatory standards.
Accelerating Degeneracy: Alternatively, Mao warns that if the reserve includes multiple altcoins without proper oversight, it could lead to unprecedented financial mismanagement, undermining the U.S. financial system.
Notable Quote:
"There are two possible outcomes: the reserve is Bitcoin and none of the mentioned altcoins make it in, or we are going to accelerate into degeneracy unlike anything before." — Samson Mao via JV [25:04]
Episode 1922 encapsulates a pivotal moment in the U.S. crypto sphere, marked by high-stakes political maneuvers, market volatility, and looming corruption threats. While Trump's strategic crypto reserve announcement ignited immediate market enthusiasm, underlying concerns about insider trading and regulatory hurdles cast a shadow over its long-term impact.
Looking ahead, the crypto community remains keenly attentive to the upcoming White House Crypto Summit scheduled for March 7th, which promises to address critical issues like stablecoin regulation and the formalization of the strategic reserve. The episode closes with a call to listeners to stay vigilant and engaged as these developments unfold.
Notable Quote:
"Welcome everyone to the Q and A segment of the stream... Hoddle." — JV [31:22]
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Disclaimer: The information provided in this summary is based on the transcript of the podcast episode and is intended for informational purposes only. Always conduct your own research before making any investment decisions.