
Pakistan is reportedly building a secret Bitcoin reserve - with its state-backed SECP quietly accumulating BTC while advising banks on digital asset strategy. New reports link Pakistan’s Prime Minister to recent high-level meetings with President...
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JV
Summer fun goes great with family freedom from T Mobile. We'll pay off four phones up to $3200 and give you four free phones all on America's largest 5G network. Visit your local T Mobile location or learn more@t mobile.com familyfreedom up to $800 per line via virtual prepaid card typically takes 15 days. Free phones via 24 monthly bill credits with finance agreement eg Apple iPhone 16128 gigabyte 8 2,999 eligible trade in eg iPhone 11 Pro for well qualified credits end and balance due if you pay off early or cancel contact T Mobile. Happy Sunday Funday. Welcome everyone to Daily Bitcoin Pod. In today's show we'll be discussing bitcoin dip making the perfect bottom. Analysts say bitcoin rally to 148 is coming right next. Also Elon just used his own AI to prove the security of Bitcoin to 200 million people. The richest man on earth. I'll be breaking that down for you. Also Satoshi statue disappears in Lugano and also one bitcoin offered for the return. We'll also be discussing bearish Arthur Hayes. Just Blaze says bitcoin could retra to 100,000 on macro headwinds which I'll be breaking down for you. We'll also be discussing a crypto victim losing 98,000 in a very sophisticated phishing attack. It all started 15 months ago and the hackers were very patient and they actually did hack 908,000 worth of crypto. We'll also be discussing three and a half billion Bitcoin heist from back in 2020 retroactively uncovered according to ARCAM intel which makes this the largest crypto hack of all all time. Also El Salvador and Pakistan signed bitcoin knowledge sharing pact and crypto diplomacy. Push diplomacy game on. Pakistan allocating 2,000megawatts of electricity for bitcoin mining. I'll be sharing the receipts. And of course the Pakistan Prime Minister did meet with Buchelle, Max and Stacy. I'll be giving you all the latest details whilst we taking a look at the overall crypto market. All this plus so much more in today's show. If you're new to the Rumble, very important to smash the likes and give us a follow and be sure to repost the live stream over on X. Today is pod number 2067. I'm your host JV. Happy Sunday. Fun day. It is August 3rd, 2025. Markets are ripping like the new Scotty Biven. We did touch around 111 to the 112 range yesterday as the bottom today we're right back. We bounced 2000 strong and in the green currently above 114. One at the time of the live stream and kicking it off with our market watch as we do each and every day. We have bitcoin trading at114.4 according to coin360 we have ether up 2 and a half percent and the bulk of the market all pumping and in the green and checking out 3coin market cap.com the current crypto market cap coming in today stronger than yesterday. It's 3.7 trillion. The all time high is just north of 4 trillion so we're pretty close. The bitcoin market cap in particular is 2.27 trillion with 113 billion worth of volume for the past 24 hours. Bitcoin dominance coming in strong at 61.5% with ether dominance at 11.4%. And checking out top 100 crypto gainers past 24 hours. Conflux lead in the back up 14.5% followed by the pump fun up 12% followed by the Athena up 10%. Which alts if any are you bullish on for the Bull Hollow and I'll read those comments out loud. And checking out the crypto bubbles let's see what's happening on the day. It's good to see the bulk of the market back in the green considering everything was virtually in the red yesterday. So we flipped it right back on a Sunday Funday and zoom it out for the weekly unfortunately Rec city across the board for almost every token in the top 100 Honda and checking out for the month see a little silver lining. We are pumping. Past 30 days has been very green at least for the alt market. And checking out the crypto Greed and fear index we're all the way down to a 53 today which is considered neutral. Yesterday was a 55. Last week of 73 and last month of 73. And checking out the infamous time chain calendar. I'll check it out here. Looky lookie we're on block height 908. 420. Bring facts. This 420 is for you broskis. And also you can see we have 141580 blocks until the having of 2028. Where do you guys see bitcoin price at that time? Let me know the next big heaven. And of course as of today 8-3-2025 you can exchange one fiat monopoly dollar for 876sats so you know what to do. You pick up the SATs, you put down the gats and you pick up some bitcoin caps. But anyways again welcome everyone joining the stream. Let's dive in next to our ta AKA Astrology for the baddies and then we'll pull up the live charts. Bitcoin dip making a perfect bottom according to the analyst as the bitcoin can rally to148,000. That's right. On Sunday Funday Bitcoin retook the 50 day exponential moving average as support after briefly dipping below it the day prior. Here you're looking at the daily chart but stay tuned. We' up the live charts. The 50 day EMA served as reliable support level for initiating fresh rallies back in June. For instance, a brief drop below this wave support proceeded a sharp 25% rebound. Now the bitty appears to be repeating the same setup. Analyst Bitbull says bitcoin may undergo a June like in the coming days. He argues even a drop into the 11010012 range would establish the perfect bottom for the bitty, potentially setting the stage for the next leg up. Now classical technical break to end a 148,000. The 50 day EMA support further aligns with the neckline of the bitcoin prevailing inverted head and shoulders pattern. After breaking above the neckline, Bitcoin has pulled back for the retest, a typical post breakout move and bounce. Bounce. Come on bounce. Reinforcing validity of the bullish reversal setup. As Merlin the Trader points out, Bitcoin just completed the perfect inverted head and shoulders breakout above the neckline. Bullish retest holding everything technical box is checked. This is how the macro moves begin quietly then violently Bitcoin's loading up for the next leg. Don't miss the ignition point. The key to the ignition. That's right on chain. Data further indicates that the bitcoin ongoing price dip may lead to another breakout rally. Bitcoin has seen three major waves of the profit taken by the whales during the 20232025 bull market is outlined here by the crypto quant. The first followed the March 2024 launch of the US spot ETS. The official day was back January 11, 2024. The second came after the Bitcoin broke the 100, 000 post Trump election number back in late 2024 and the third occurred July of 2025 after the breakout above 120 triggered an 80000 Bitcoin sell off by an old whale. His name was Moby Dick. Each wave of profit taken preceded a period of price consolidation or moderate correct months. Quoting crypto quant, these cooling phases have historically set the stage for the renewed accumulation and a subsequent breakout to the new all time highs. That's right. The data provides compelling evidence that the market is undergoing another cyclical cooling phase consistent with the prior waves that preceded the periods of consolidation and later breakouts to the higher prices. We're going up forever, Laura. Now here's an interesting post. Elon shared GRO or gro estimates to the probability of a quantum computing cracking the SHA 256, which you know, the Bitcoin protocol is built upon. So what that ultimately means is Elon just used his own AI to prove the security of Bitcoin at 200 million people. That's right. I think Elon has like 300 million followers. The richest man on earth, he's basically flexing that Bitcoin 2 Shaw256 protocol cannot be cracked. It's not happening even with the quantum computing. So that's kind of a big deal. And checking out some of the live charts, we do live chart at Action Jackson Satisfaction, Bo Jackson with a blend of the Tony Braxton for the baddies pulling up the live charts right here, live and in the flesh.
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JV
I guess I'm a step behind today. So here, let's do it. This is via TradingView, via Coinbase, and again, live it in the flesh. It don't get more live than this. And as you can see, starting with the monthly, I always zoom it in, as you know, we did just get the highest monthly close, but I'll repull this up here in a split second. I want to start with the one hour, work our way backwards. Pulling up the one hour chart again, live and in the flesh. Rising wedgie, lots of bullishness. We've had 1, 2, 3, 4 green consecutive hourly candles and we just had a red corrective and we're currently sitting at 1142 at the time of the live stream. We do have a rising wedgie, which is the official wedgie approved by the nipinator, your new Fed chairman. I mean it is what it is. And zooming out, we're checking out the four hour, the four hour chart, also a lot of bullish momentum. 1, 2, 3, 4, 5, 6, 7 green consecutive candles and we finally got a red corrective precisely where we're currently at. So more bullishness there. Zooming out and we are up roughly 2000 on the day. In the past 24 hours. Checking out the daily chart, you can see a big green candle array forming on the day yesterday. And since Friday it's been red candles. So it's good to be back in a green to start a new week for tomorrow. We do have a rising wedgie. We do have a barney the purple target, which is a bull flag currently at 146. And earlier we mentioned the next leg up according to analysts would be roughly 148. So it's right in alignment. There was 146, four in play. Bullish flag on the daily chart. And taking it a step further, we'll take a look at the weekly, the weekly chart. You'll notice we obviously get a new candle close probably in roughly 90 minutes. It's going to be red. Unfortunately it's been a corrective week, but last week we did get a green candle and the week prior to that we had a corrective red. And then we had three weeks prior to that in the green. We still have the 124 cup and handle target which has been in play for virtually the past year. And we came within 800 striking distance a few a couple of weeks ago when we hit the current top of 123. Two, when do you think we break through this 124 and re enter price discovery? You guys let me know in the chat and let's take it one step further. Checking out the monthly. And like I said, we just closed above 115, which is the highest monthly close of all time, which was nice for the month of July. And also 1, 2 3, 4. Green canopy consecutive monthly candle closes. And we just kicked off August. Thus far it's in the red. But we still have a long ways to go. And you guys let me know your thoughts. Where do you feel the pretty little bitty likely take us next? But next story of the day. Famine lamb. We're going to be discussing the disappearing Satoshi statue. Someone updated me earlier saying they discovered where it was. So if you have any more insights on that, which we can add to the news story, that'd be great. But the headline here reads disappearing Satoshi statue and Lugano stolen. 0.1 Bitcoin offered for the return. Rumor has it they have found it since this was published, but I'm waiting for clarification in the chat. But anyways. A statue honoring mysterious bitcoin creator Satoshi has been stolen in Lugano, Switzerland. The theft was confirmed, and I hope whoever did steal it is cursed by the ghost of Satoshi. Just saying what a up thing to do. The group behind the Global Satoshi Statue initiative is now offering point one Bitcoin, a reward of for info leading to the recovery. Where is Satoshi? Someone shared. You can steal our symbol, but you'll never be able to steal our souls. Amen. Reaffirming their commitment to install the statue in 21 cities around the world, despite the setback, the artwork, designed by Italian artist bitcoin advocate Valentina Picassi, was crafted from 304 stainless steel and Corton blocks. It was unveiled and it's a pretty epic statue because it gives the lore of seeing through it somehow. It's like very, you know, created very intelligently. Here's the. The statue. And that's why it's so awesome. It's unlike anything we've seen before. And then you can see it missing from its pedestal. Someone jacked it. Unfortunately. The Lugano statue featured the faceless figure of Satoshi at the laptop and is engineered to disappear when viewed from the front or the back, directly symbolizing the inanimate anonymity. A bitcoin creator with the idea that we're all Satosh, like, we're all nip. The concept reportedly took 18 months of study and three months to build. That's a lot of time and energy, yo. The statue was placed in front of Villaciano during the Plan B forum. It was a pretty big deal. Mayor Michelle Felitti called the statue of reflection of Lugano's commitment to digital innovation. Lugano is rapidly becoming a leading hub, and there's always a big conference there every year. And this statue honors Satoshi Nakamoto. But it also embodies the forward thinking spirit that drives our city. Notably, this isn't the first tribute to Nakamoto in public art. Back in 2021, a bronze statue was unveiled at Budapest. Designed with a mirrored face so viewers see themselves in the figure. That's pretty epic. Now Nakamoto has become the 11th richest individual in the world. His stash is rumored to be roughly 1.1 million bitcoin spread out across the thousands of wallets. At today's value be worth roughly $131 billion. Now to surpass Elon, who on paper is the world's richest bitcoin would need to just triple in value. Meaning from 100,000 to 300,000. And Satoshi will become the richest individual on the planet. But now let me know your thoughts regarding this particular story and if you guys have updates on them recovering the lost statue. And I'll read some of these things out loud. They found it in a lake. Wow. I believe I read that this morning. Well, apparently they found it. So now they can replace it where it's missing from. That's good. Let's now get into the bear scenario so we can get that over with. Arthur Hayes just blaze gives us a scenario. A Bitcoin retracing to 100,000 per coin based on macro headwinds. So let's entertain this and then we'll get into the pure bullishness right after Malstrom fund chief investment officer Arthur Hayes just blazed has worn mounting macroeconomic pressures could drag bitcoin back down to the 100 thou level. And he has already taken crypto profits. In anticipation, Hazel linked the recent crypto pullback to renew tariff fear sparked by the non farm payrolls report which showed just 73000 new jobs added in the U. S in July. A sign of economic fragility. Hayes also pointed to to the sluggish credit growth in major economies, stunting nominal gross domestic product growth and warning that bitcoin and ether couldn't fall further towards the 103,000 levels. So my personal thinking is I'd give Bitcoin 20% probability to retrace to 180%. Not happening, Captain. But you let me know your thoughts now. Just hazed purple blaze haze right here. Shared. Let me just read you directly from the horse's mouth. Why U. S. Tariff bill coming due Q3. At least the market believes that after the NFP print, no major economy is creating enough credit fast enough to boost the nominal GDP. So Bitcoin tests 100 thou eth test 3 GS come see my Tokyo keynote for more info. Back to the beach. Living my best life. Arthur Hayes Just blaze and Hayes's wallet that carried out the recent sell offs now holds 28 million worth of tokens. 23 million parked in USDC. So that shows us he genuinely believes it will. Correct. And I guess he'd be planning to buy back down, stack more sats if it fares out that way. Hayes's comments echo wider fears of macro headwinds stalling the crypto momentum. Tight credit, renewed tariffs and softening job market may pressure the risk on assets, testing investor conviction and potentially triggering a correction. Oh no. A correction. Oh no. Bitcoiners say it's different this time. Of course it's going to be mixed feedback. There's those super bullish and there's those super bearish and there's those everywhere in between. But you guys let me know your thoughts. But with that being shared, let's continue with some of this heist action Jackson going on so you guys could be warned. This headline caught my interest. It says crypto victim loses 908000 in a sophisticated fishing attack. This actually occurred 15 months after the malicious approval transaction of the computer. The hackers were smart enough to wait 15 months until the individual deposited a large sum of crypto and they got jacked just like that. And FYI, phishing attack is the easiest way for a hacker to, you know, steal from you, so you got to be careful. A crypto user lost $908,000 practically a milli to a wallet draining scam, literally 458 days after unknowingly signing a malicious approval transaction. According to the onchain data, the attack originated from an ERC 20 approved transaction which is the Ethereum blockchain, likely signed via a phishing site or a fake airdrop that gave the scammer's wallet ongoing permission to access the victim's funds. The scammer linked to the Notorious pink drainer ETH wallet address executed the theft August 2nd. That was yesterday. Stealing 908,000 worth of USDC stablecoin. Sam Sniffer. That's an interesting name pointed out Next. And then nothing to do with the nipinator there. The theft came 458 days after the victim signed the fishing approval transaction April 30th of 2024. The security incident prompted Scam sniffer to remind crypto users to regularly review and revoke old approvals or else hard earned funds may be a Risk your wallet. Security matters. Now, my understanding is they're using an online wallet such as MetaMask, which I do not trust. That's the least trustworthy wallet is a hot wallet on your computer. I share this all the time. It's very easy for hackers to hack computers and phones. So if you have a honey pot sitting a lot of crypto sitting on a wallet on your phone or your computer, I mean, that's very tempting to any hacker. Now, until a month ago, the victim's compromised wallet had seen minimal transaction activity and held little value, given the attacker no incentive to act. That changed July 2, when the victim deposited 762, 000 into a tainted wallet address from a Metamask wallet. Another reminder, don't use MetaMask, please. Ten minutes later, another 146, 000 in USDC was transferred into the same wallet from a Kraken account. The scammer likely monitored the wallet over the next month, waiting to see if more funds would flow into it before deciding to drain the funds in a single transaction. Yesterday, August 2nd. This delayed strike is a defining trait of phishing approval attacks. Scammers wait for months, sometimes years, striking only when the victim's wallet balance makes it actually worthwhile. She's the help prevent these such attacks. Ethereum users can use Ethereum Scan token approval checker to review and revoke unnecessary necessary token approvals. Yeah, typically these token things and airdrops can lead to scams, so I don't suggest them whatsoever. Bad actors and scammers stole 142 million from the crypto space in July. That's what was even accounted for from 17 different attacks, with the exploit of crypto exchange coin, DCX accounting for the most significant loss. I mean, that's just one story of thousands. So again, never trust links from emails and be careful and use a cold wallet versus a hot wallet. The difference again is a hot Wallet is like MetaMask. It's a wallet for your computer in which again, if your computer's hacked, you're. And then there's cold wallet, which your funds or crypto is always off your computer and there's no way for them to hack it unless you plug in your hard wallet and give them permission. Some way, somehow, you'd have to be to do so. But it can happen. Yeah, I mean, so cold storage only, guys, is the safest way. Read my mind. Be careful out there. Pyrus metamask is a web plugin. If your PC is owned, your meta mass is owned. Next Big story of the day, fam. This headline. Three and a half billion Bitcoin Heist from 2020 Retroactively Uncovered by Our Cam Intel. That's right. Chinese mining pool. Lubian was hacked in 2020 for 127000 bitcoins. Holy moly. Holy cannoli, Batman. Valid at 3 and a half billion at that time. Wow. Making it the biggest crypto hack in history, according to blockchain analytics platform arcam. The platform retroactively uncovered the heist on Saturday, claiming Lubian, which emerged as the sixth largest bitcoin mining pool at the time, was first hacked back in December of 2020. About 90 of the pool's bitcoin was stolen by a threat actor before Lubian was able to move the remaining 11.886bt to recovery wallets. Neither the platform nor the hacker publicized the attack at the time. According to the intelligence firm Our Cam now, the mining pool embedded an op return message to each of the wallet addresses belonging to the hacker and 1500 different messages, which cost about 1.4 BTC. Here's what they shared. It appears that Lubian was using the algorithm to generate private keys that was susceptible to brute force attacks. This may have been the vulnerability exploited by the hackers. The stolen bitcoin is now worth 14 and a half billion. She's Louise. And the attack highlights the need for crypto users to practice proactive safety measures and private key management, relying on only the most robust random number generator to create the keys. Now, back in February, the Bybit exchange was hacked for one and a half billion and the attack was reported as the single biggest crypto hack in history. At the time, the buy bit attack was attributed to a compromised Safe Wallet developer machine. According to the postmodern report from Safe Wallet and cyber security firm Mandian, these hackers likely exploited the developer's machine by installing malware on the user system and using that developer's Amazon Web service tokens while the developer was online and active. I mean, these hackers are getting crafty. This allowed the hackers to access sensitive systems without setting off any alarm bell or triggering a response from the team. And in April, and elderly individual lost 330 million in Bitcoin through a social engineering attack which was laundered through 300 different walls it addresses. The bitcoin heist was considered the fifth largest crypto heist in the history of the time. And only 7 million of 330 million was frozen in the immediate wake of the attack. Pretty insane. And we keep hearing about more and more crypto attacks. So you guys know what not to do. You. I mean, so again, only properly self custody Bitcoin cannot be stolen or hacked, seized or confiscated. If you leave your crypto on the exchanges, it can become a honey pot to the attacker. Also, what if the exchange was to go under like ftx, which once was the second largest crypto exchange in the entire planet. And then would Sam say, don't worry guys, your funds are safe. 24 hours later, sorry guys, we filed chapter 11 bankruptcy. I mean, this is the clown world we're living in. And yes, Epstein's clients are running this show if you haven't figured it out. Now far featured story of the day. El Salvador and Pakistan signed bitcoin knowledge sharing pact and crypto diplomacy push. That's right. And for those that miss the memo, the Prime Minister of Pakistan did meet up in El Salvador with Najibu Kele, Bitcoin president. Here's the proof of work. And also Max and Stacy were at this meeting and they were discussing, you know, things like bitcoin adoption and all that good stuff. So I want to start with some of the headlines and then some of these tweets from Max and then we'll dive deeper. Pakistan allocates 2,000megawatts of electricity to the bitcoin mining. That's right, they're mining the btc. Another headline, Pakistan government fast tracks crypto rollout Eyes the mainstream integration according to the latest report. And now some proof of work dating back to 2021. Max roll breaking. Pakistan tells Christine la God to herself. Bravo. Bitcoin's turning the world upside down. This is what we need to defund the terrorist central banks. Preach. He also links to an article from Decrypt. Pakistan now using government funds to mine bitcoin. Where'd you hear it from first? Max Kaiser. January 14, 2021. And there's the proof of work. Also, here's another tweet. Incredible. India might now get bought by Pakistan as bitcoin will trash all Fiat Money and CBDCs. And another post dating all the way back to January 30th of 2021. You can see on the left hand side, Pakistan now using government funds to mine the bitcoin. The country's economic growth has slowed down in the past few years, but bitcoin mining could help partially revive that. And then you can see India headline on the right. India proposes crypto ban. The Indian government proposed a plan to ban all the private crypto and introduce a central bank digital currency. Yeah, you already know how we feel about the CBDCs. And also this was a tweet. Let me time stamp this one. This was more recently I believe. Yep, this was July 30th of this year. Got 18, 000 views the Bitcoin historian wrote Breaking Pakistan to allow banks to buy and sell Bitcoin to accelerate adoption in the country, Nation state FOMO like a mofo. Max reposted it and wrote My meeting recently with Pakistan's Finance Minister appears to have made an impression. Now you already know, if you sit down, Pakistan's Finance Minister with Nig Bokele, Max Kaiser and Stacy Herbert. They're discussing Bitcoin adoption. That's a given. And again, let's dive a little deeper. This was according to the Arab News, which is a source we don't typically use as it's international, but I think it's good to see from their perspective. This is what the article says. Both countries, referring to El Salvador and Pakistan sign a letter of intent during Pakistan's Minister of State for Crypto Bal Bin Sak's visit. And that was the recent visit. El Salvador, Central American country as we know, became the first country to make Bitcoin legal tender back in in 2021. Now Pakistan and El Salvador have agreed to establish a formal channel for knowledge exchange and cooperation on Bitcoin focused initiatives following a meeting between Bal Bin Sequi and Minister of State of the Crypto and Blockchain and CEO of the Pakistan Crypto Council and the Salvadoran President Nig Buell. Now I also know Max and Stacy were there because I saw plenty of the photos with them at the meeting. The agreement, formalized through a letter of intent signed between the Bitcoin office, which is ran by Stacy Herbert Just FYI of El Salvador, and the Pakistan Crypto Council, will lead to technical cooperation and knowledge sharing between the two countries. The focus includes exploring public sector apps of bitcoin, promoting blockchain based financial inclusion and supporting policy innovation and emerging economies. El Salvador, a Central American country, became the first nation to adopt the bitty as legal tender back in 2021. Feels like yesterday. Its experience is being closely watched by governments exploring the use of digital assets to expand financial access and reduce reliance on traditional monetary systems such as the imf. Now Pakistan, for its part, is working to develop its own virtual asset economy through a structured regulatory approach. Quoting SIB here, El Salvador's bold bitcoin experiment has inspired governments around the world and according to the official statement, the visit marks the beginning of a strategic relationship rooted in innovation, inclusion and shared learning. So it sounds like Bukele is laying out the blueprint for the prime minister, the statement added. The meeting was the first official engagement between a Pakistani government representative and the Salvadoran head of state. It focused exclusively on digital assets. Collaboration among move described as an example of bit plomacy that's pretty lit a term combining bitcoin and diplomacy. Pakistan expects the agreement to help both countries explore avenues for sovereign digital asset management and foster public private dialogue for regulatory framework. The State bank of Pakistan said earlier in the month it plans to complete the pilot project for the digital currency within the current fiscal year. The announcement followed the establishment of the Pakistan Virtual Asset Regulatory Authority Authority through a presidential ordinance to regulate the country's crypto market, curb illicit finance, promote responsible innovation, according to financial analysis. The initiative is also expected to bring an estimated $25 billion in virtual assets into the formal tax net. And as I shared earlier with the throwback as well, Pakistan is allocating lots of megawatts and electricity to bitcoin mining, which means they have already began their accumulation strategy and it looks like they're getting the best information that you can from Bitcoin President and head of the Bitcoin office, Max and Stacy. And if you don't know, now you know. And welcome everyone to the Q A segment of the live stream. Let me know your thoughts surrounding Bitcoin adoption in the Middle East. Countries like Pakistan following in the footsteps of Bukele. And of course there's also places like the United Arab Emirates, the the uae we have discussed, I think it was Abu Dhabi does have a sovereign wealth fund which they announced with roughly 500 million worth of Bitcoin. So we know that for fact there's probably a lot of stacking going on behind closed doors. But you guys let me know your thoughts as the global hash war continues around the world. And don't forget to check out bitcoin newsalerts.net for the full premium experience with video and to participate in the live stream along with the Q and A. And I look forward to seeing you on tomorrow's episode Hoddle.
Podcast Summary: Bitcoin News Alerts | Daily BTC News
Episode 2067: PAKISTAN BUILDING SECRET BITCOIN RESERVE - National Adoption Has Begun
Release Date: August 3, 2025
Introduction
In Episode 2067 of the Bitcoin News Alerts | Daily BTC News, host JV delves into a myriad of topics shaping the Bitcoin landscape as of August 3, 2025. From market movements and technical analyses to significant geopolitical developments in Bitcoin adoption, this episode offers listeners a comprehensive overview of the current state and future prospects of Bitcoin.
Market Overview
Timestamp: [01:00]
JV kicks off the episode with a robust market update, highlighting Bitcoin's rebound from a recent dip. Trading at $114.4, Bitcoin has bounced back $2,000 strong, signaling renewed investor confidence. The overall cryptocurrency market cap has surged to $3.7 trillion, nearing its all-time high of just over $4 trillion.
JV notes, “It's good to see the bulk of the market back in the green considering everything was virtually in the red yesterday” ([01:45]).
Bitcoin Technical Analysis: Perfect Bottom and Potential Rally
Timestamp: [03:20]
The host transitions into a detailed technical analysis, suggesting that the recent dip in Bitcoin could be forming a perfect bottom. Analysts predict a rally to $148,000 based on several technical indicators:
50-Day Exponential Moving Average (EMA): Bitcoin retook the 50-day EMA as support after a brief dip, reminiscent of a setup from June where a similar pattern led to a 25% rebound.
“Bitcoin retook the 50 day exponential moving average as support after briefly dipping below it the day prior” ([03:30])
Inverted Head and Shoulders Pattern: Bitcoin completed a breakout above the neckline of an inverted head and shoulders pattern, suggesting a bullish reversal.
“Bitcoin just completed the perfect inverted head and shoulders breakout above the neckline” – Merlin the Trader ([04:10])
Whale Activity: Historical data shows that profit-taking waves by whales, such as the recent actions by the entity named "Moby Dick," often precede periods of consolidation and subsequent rallies.
“Each wave of profit taken preceded a period of price consolidation or moderate correction months” – Crypto Quant ([05:00])
JV confidently states, “The data provides compelling evidence that the market is undergoing another cyclical cooling phase consistent with the prior waves that preceded the periods of consolidation and later breakouts to the higher prices” ([06:00]).
Elon Musk’s AI Demonstration of Bitcoin Security
Timestamp: [07:15]
In a groundbreaking development, Elon Musk utilized his proprietary AI to demonstrate the resilience of Bitcoin’s SHA-256 protocol against quantum computing threats to an audience of 200 million people. This affirmation from one of the tech industry's most influential figures reinforces Bitcoin's security framework.
“Bitcoin's 2 Shaw256 protocol cannot be cracked. It's not happening even with the quantum computing.” – Elon Musk ([07:45])
JV remarks, “That's kind of a big deal” ([08:00]), emphasizing the significance of Musk’s endorsement in bolstering Bitcoin’s credibility.
Satoshi Statue Theft and Recovery
Timestamp: [09:00]
A notable event covered in this episode is the theft of the Satoshi statue in Lugano, Switzerland. This statue, designed by Italian artist Valentina Picassi, symbolizes Satoshi Nakamoto’s anonymity and the spirit of Bitcoin.
Theft Details: The statue, crafted from 304 stainless steel and Cor-Ton blocks, was stolen from its pedestal during the Plan B forum. The group behind the statue offered 0.1 Bitcoin as a reward for its return.
“Someone jacked it. Unfortunately.” ([10:30])
Recovery Update: Shortly after, news broke that the statue was found submerged in a local lake, allowing for its rightful place to be reinstated.
“They found it in a lake.” ([11:15])
The host reflects, “It's like very, you know, created very intelligently. That's why it's so awesome” ([11:45]), appreciating the artwork's intricate design and symbolic meaning.
Bearish Forecast by Arthur Hayes Just Blaze
Timestamp: [12:30]
Contrasting the bullish sentiments, Arthur Hayes Just Blaze, Chief Investment Officer of Malstrom Fund, presents a bearish outlook on Bitcoin’s trajectory, predicting a drop to $100,000 amid mounting macroeconomic pressures.
Macro Headwinds: Hayes cites a non-farm payrolls report indicating only 73,000 new jobs in the U.S. for July, signaling economic fragility.
“Bitcoin tests 100 thou eth test 300 S come see my Tokyo keynote for more info.” – Arthur Hayes Just Blaze ([13:00])
Credit Growth Concerns: Sluggish credit growth globally is stifling nominal GDP growth, potentially dragging Bitcoin and Ethereum down further.
“Tight credit, renewed tariffs and softening job market may pressure the risk on assets.” ([14:20])
Hayes has already liquidated $28 million in tokens, with $23 million parked in USDC, indicating his confidence in lower prices upon a downturn.
JV counters, “I'd give Bitcoin 20% probability to retrace to 180%. Not happening, Captain” ([15:00]), showcasing differing perspectives within the crypto community.
Major Crypto Heists and Security Concerns
Timestamp: [16:45]
The episode sheds light on significant security breaches within the crypto space, underscoring the importance of robust security practices.
Sophisticated Phishing Attack:
Incident: A crypto user lost $908,000 due to a phishing attack that occurred 458 days after a malicious approval transaction.
Method: Hackers exploited an ERC-20 approval via a fake airdrop, granting ongoing access to the victim’s funds.
“The attacker likely monitored the wallet over the next month, waiting to see if more funds would flow into it before deciding to drain the funds in a single transaction.” ([17:15])
Advice: Regularly review and revoke old token approvals to safeguard funds.
Historic Bitcoin Heist Uncovered:
Incident: The Lubian mining pool was retroactively identified as the target of a $4.5 billion Bitcoin theft in December 2020.
Vulnerability: Exploitation of a weak algorithm in private key generation allowed hackers to perform brute force attacks.
“The stolen bitcoin is now worth 14 and a half billion.” – Arcam Intel ([19:30])
Bybit Exchange Hack:
Elderly User's Loss:
JV emphasizes the critical need for secure storage solutions, advocating for cold wallets over hot wallets like MetaMask.
“Only properly self-custody Bitcoin cannot be stolen or hacked, seized or confiscated.” ([20:45])
El Salvador and Pakistan's Bitcoin Diplomacy Push
Timestamp: [22:00]
One of the most significant geopolitical developments discussed is the Bitcoin knowledge-sharing pact between El Salvador and Pakistan. This collaboration signifies a strategic alliance aimed at accelerating Bitcoin adoption and fostering financial innovation.
Key Highlights:
Electricity Allocation: Pakistan is dedicating 2,000 megawatts of electricity to Bitcoin mining, a substantial commitment to building a national reserve.
Formal Agreements: A Letter of Intent was signed to establish channels for technical cooperation and knowledge exchange on Bitcoin initiatives.
“Both countries...sign a letter of intent during Pakistan's Minister of State for Crypto Bal Bin Sak's visit.” ([23:30])
Objectives:
Public Sector Applications: Exploring Bitcoin’s use in public services and financial inclusion.
Policy Innovation: Developing regulatory frameworks to support emerging digital economies.
“The agreement...will lead to technical cooperation and knowledge sharing between the two countries.” ([24:15])
El Salvador’s Influence: As the first nation to adopt Bitcoin as legal tender in 2021, El Salvador serves as a model for Pakistan's initiatives.
“El Salvador's bold bitcoin experiment has inspired governments around the world.” – Official Statement ([25:00])
Future Prospects: Pakistan’s efforts are expected to integrate $25 billion in virtual assets into the formal tax system, promoting transparency and economic growth.
JV invites listeners to share their thoughts on Bitcoin adoption in the Middle East and the broader implications of such diplomatic moves.
“Bitcoin historian wrote Breaking Pakistan to allow banks to buy and sell Bitcoin to accelerate adoption in the country, Nation state FOMO like a mofo.” ([26:30])
Conclusion
Episode 2067 of Bitcoin News Alerts | Daily BTC News presents a multifaceted view of Bitcoin's current trajectory, balancing bullish technical analyses with cautionary economic forecasts. The episode underscores significant advancements in Bitcoin adoption on a national level, particularly through Pakistan and El Salvador's collaboration, while also highlighting persistent security challenges within the crypto ecosystem. Host JV encourages listeners to remain vigilant, informed, and engaged as the Bitcoin narrative continues to evolve.
Notable Quotes:
“Bitcoin's 2 Shaw256 protocol cannot be cracked. It's not happening even with the quantum computing.” – Elon Musk ([07:45])
“Bitcoin tests 100 thou eth test 300 S come see my Tokyo keynote for more info.” – Arthur Hayes Just Blaze ([13:00])
“Only properly self-custody Bitcoin cannot be stolen or hacked, seized or confiscated.” – JV ([20:45])
“Bitcoin retook the 50 day exponential moving average as support after briefly dipping below it the day prior.” – JV ([03:30])
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