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Bitcoin News Alerts | Daily BTC Macro Signal
2177: Congress Pushes Bill to Build U.S. Bitcoin Reserve – Chokepoint 2.0 Backfires on JPMorgan
00:29:18
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Ever notice how ads always pop up at the worst moments when the killer's identity is about to be revealed during that perfect meditation flow On Amazon Music we believe in keeping you in the moment. That's why we've got millions of ad free podcast episodes so you can stay completely immersed in every story, every reveal, every breath. Download the Amazon Music app and start listening to your favorite podcasts. Ad free included with Prime.
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Today's episode of Bitcoin News Alerts is brought to you by Progressive Insurance. Do you ever find yourself playing the budgeting game? Well, with your name your price tool from Progressive you can find options that fit your budget and potentially lower your bills. Try it@progressive.com Progressive Casualty Insurance Company and affiliates Price and coverage match limited by state law. Not available in all states. Welcome Bitcoin fam to the number one Bitcoin pod. Happy taco Tuesday. Bitcoin did touch 8889. We started a correction though. Unfortunately we're currently sitting just above 868 at the time of the live stream and today's show. I'll be sharing the latest technical analysis as Bitcoin short squeeze to 90,000 as possible as funding rates turn negative. We'll also be discussing over 8% of Bitcoin change hands and in a week markets on a knife's edge. I'll be breaking that down for you. Also, big news at a meta planet leaning into Bitcoin debt to play with fresh $130 million to buy more of the bitties. Also, an $11 million crypto vanishes in San Francisco. It's a fake delivery heist. That's right. Very unfortunately I'll be breaking down this crypto theft. We'll also be discussing strike CEO debank by JP Morgan. Lumus sounds choke point 2.0 alarm. And if you missed the memo, Jack Mahlers he actually framed the debanking letter that he received from JP Morgan claiming he has been debanked, him and his entire family. I'll be breaking that down for you. We'll also be discussing the latest with U S House bill which would allow the federal taxes and bitcoin while aiding the U S Reserve. That's right. Representative Warren Davidson introduced legislation that allows Bitcoin tax payments without incurring capital gains to beef up the US Bitcoin strategic reserve. We'll also be taking a look at the overall crypto market. All this plus so much more right here in today's show. If you're new to the rumble, you know what to do Smash the likes, give us a follow and hit the repost over on X. You'll notice it pinned to the very top of the profile today is pod episode 2177. I'm your host JV alongside the Fed chair the Nipinator. Keeping them nipinating. Today is November 25, 2025. We have been pumping since bottoming out a few days back at 80,000. Today we're just above 87,000 at the time of the live stream. Let's kick it off with our market watch as we do each and every day. Pulling up coin360 you can see the bulk of the market. Unfortunately back in the red we did get a few days of greenness which it felt good to see some green, you know, I mean. However, today we're back to Correcting Ether. Still under 3, 000. Bitcoin just above 87, 000 and XRP trading at $2 and $0.17. Checking out CoinMarketCap.com the crypto market cap regained its 3 trillion level which is nice. As we plummeted below that on the correction, that's a major milestone there, but we're still so much undervalued. The all time high is above 4 trillion just FYI and the Bitcoin market cap today, trillion. And apparently Coin market Cap launched their own coin and they listed it on top of bitcoin. Can't make this up. CMC20. Interesting. They must have just launched it. It has a 5 million dollar market cap. My first time seeing it. So interesting is all I can say. But yeah, coins galore fam. But anyways, checking out top 100 crypto gainers past 24 hours. We got Monad lead in the pack followed by Story, followed by Caspa and checking out the crypto bubbles, you get a visual perspective on the day.
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It's a mix bag.
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Some of the privacy coins which have been crushing are actually correcting today, including.
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Zcash and Dash both in the red.
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And checking out the crypto greed and fear index today we're back up to a 20 in extreme fear we did touch down at roughly a 10 which.
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Is the new local low a few days back. And last month we were a 40 in fear. And checking out the infamous time chain calendar. Today we're on block height 925159 and you can exchange one fiat monopoly dollar for 1148 SATS. So you know what to do. You pick up the SATs, put down the gas and pick up some bitcoin caps from a man, Sergio over@bitcoin caps.net and today's episode of the podcast is brought to you by corp llcsecrets.com forward/crypto. This is the place to go if you've been wondering how can I tap into other people's money to buy cryptocurrency investments, bitcoin or whatever floats your boat, look no further.
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Today's sponsor is an expert in how to attain business credit. So you can use other people's money at literally 0% interest just like the whales. And you may be wondering but jv, I don't have a corporation. I don't have an llc. Well you can learn how to do that and tap into literally hundreds of thousands of dollars worth of business credit. I know from firsthand and experience. So if that is interesting to you, you got to check out the website again. It's corpl secrets.com crypto charts let's pull her up. Get her did here. You're looking at a one hour. We do got a bull target on the screen. Rise and wedgie baby. Inverted head and shoulders 957 in play on the one hour chart. Check out the four hour four hour chart. No particular targets. We are the most recent candle is in the green after we had 1, 2, 3, 4, 5 cracked of red candles on a four hour chart as we are currently descending. Checking out the daily holy looks like a bloodbath but yeah we've had so many red candles in the past two weeks but anyways you'll notice a red candle on the day. We did get two green bullish momentum days but I mean we're still at 87 000. We have a long ways to go to get back to where we were in price discovery and hopefully we can continue to heading into December which is next week. Checking out the weekly there is a rising wedge and there's 1, 2, 3, 4 red candles formed and unfortunately for this new week it's so minuscule I can't even tell it can go either way. Yesterday it was in the green. It may be back in the red today just because we're correcting but yeah hopefully we can kill this bearish you know wreckage We've been witnessing all this carnage in the markets. Checking out the monthly it's horrid. One of the biggest red candles we have seen in a very long time and what supposed to be historically a 40% gain on average but it is what it is Joe. So yeah bitcoin short squeeze to 90,000 as possible as the funding rates turn negative. We're not too far from 90 right now. Onchain data showed a market of defined by the uneven cohort behavior. Wallets holding more than 10,000 of the bitty along with 1,000 BTC to 10,000 Bitcoin institutional cohort have been steady distributors throughout the decline, fueling structural weakness. Retail wallets, those holding 10 bitcoin have also been not sellers over the past 60 days, offering little support during the downturn. In contrast, midsize holders in the 1 or sorry, 10 to 100 bitcoin or 100 to 1,000 bitcoin ranges have been accumulating throughout the correction, absorbing part of the sell side pressure. These cohorts have grown more visible as the man from Bitcoin accumulator addresses climbed.
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To an all time high of 365,000 bitcoin November 23, up from 254,000 bitcoin November 1, marking a substantial increase in conviction driven demand. The interplay between these groups could help stabilize the bitcoin price after the initial drop, laying the groundwork for the rebound towards 90,000.
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Can see on your screen the Bitcoin demand from accumulator addresses chart brought to you by Crypto Quant. The futures market played a decisive role in the recent crash as cascading long liquidations for selling and the margin calls drove bitcoin sharply into 80,000 range. Now futures data indicated signs of exhaustion amongst levered longs is outlined right here. The aggregated Bitcoin funding rate Crypto Quant reported that traders who attempted to long the correction have finally been squeezed out. Hallelujah. With the daily funding rates cooling dramatically and briefly turning negative and what bonanza's neutral funding level near 0.01. Any dip below it signaled a short dominance often seen when the traders capitulate late into the correction. Crypto analyst Dark Frost warn that if the shorts continue piling in while bitcoin grinds higher, the market can enter a classic disbelief phase, potentially setting up a powerful short squeeze. Liquidation Heat maps from High Block Capital supported the scenario with long liquidations totaling 2.6 billion at ADGs, which is where we just touched down the other day. Also note short liquidation surged over 8.4 billion near 98,000. As illustrated here, dense liquidity bands are between 94 and 98 with 110,000 acting as a magnet for the Bitcoin price action.
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There's the latest what's happening in the market Next story fam over 8% of the Bitcoin Change hands in a week Markets on a Knife's edge oh no. Fallen knife.
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Should I catch it?
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A historic shift at the Bitcoin ownership unfolded during the latest market downturn, while the broader crypto market remained tied to uncertainty over a possible U S Federal Reserve rate cut in December. Over 8% of the total bitcoin supply.
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Change hands in the past seven days.
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Making the current market decline one of.
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The most significant on chain events in Bitcoin history, according to Joe Burnett analysts.
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Over at the Bitcoin strategy assembler Scientific.
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During the previous significant bitcoin money movement, Bitcoin traded at 5G's. That was back in March of 2020 around the Novit era and around 3, 500 by December of 2018. Both occasions marked a local bottom ahead of the accumulation phase that ultimately led to new all time highs. Still up to half the current Bitcoin supply movement may be attributed to a Coinbase wallet migration announced on Saturday as outline here and here you can see on Glass Node Keeping it noty that's right. Bitcoin's price and investor sentiment remains on a knife's edge due to the mixed messages about December's interest rate cut decisions and we know it just increased significantly, which we covered in yesterday's episode. What is more certain though is that the Fed holds the key to the markets end of the year finale and its next rate decision will determine whether we get a Santa rally or a Santa dump. Speaking of a dump, where's Jenny yelling at? Just saying. As we get closer to a 10, I expect market jitters or December 10, which is roughly two weeks market jitters continue and the Fed's press conference will certainly have traders on the edge of their seats. Interest rate cut Expectations for the Federal Reserve's December 10th meeting have changed drastically during the past week. Can see the odds here all of.
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A sudden now 82.7% markets are pricing in 82% chance of the 25 basis point interest rate cut up from 50% just a week ago according to the CME Group Fed Watch tool. The growing interest rate expectations were the main fuel leading to the bitcoin recovery from 80,000 to 87 according to analyst Puckin H. Well there you go yo. I mean I think they're likely to cut the interest rates again. How will it impact the market? Probably already priced in considering how high the odds are of a interest rate cut. But you let me know your thoughts also we already had two I believe this year where they cut the interest rate the same 25 basis points which is ultimately a quarter percentage point. So we'll see if it's bullish. I like to believe it's bullish because the lower the interest rates the more people will borrow to buy risk on assets like bitcoin. As if cash is not risk on with all the inflation sensation. Just saying. All right next Oro Meta Planet leans into the bitcoin debt play with a fresh 130 million to stack more of the pre little bitties. Why they're going up forever Laura that's right, the Tokyo listed bitcoin treasury company Meta Planet has drawn another 130 million in bitcoin back credit, expanding its use of collateralized borrowing to accelerate their bitcoin purchases, income generation strategies and potential share buybacks on Tuesday. That's taco Tuesday today bro Meta Planet disclosed it executed the loan on Friday under a previously announced credit facility. The borrowing forms part of the company's 500 million credit line which allows it to raise short term liquidity using its Bitcoin excuse me as collateral. So with the fresh capital the company has now drawn 230 million and cumulative loans from the facility, up from 100 million disclosed from an earlier October 31 credit pool. The company recognized that borrowing against its bitcoin exposes it to collateral calls. If the bitcoin price declines, it could be risky. However, it expressed confidence in its reserve size, saying that it's large enough to withstand the volatility. Given the substantial scale the bitcoin holdings relative to the loan amount, the company expects to maintain sufficient collateral headroom. They're not scarred. Now Meta Planet's latest loan highlights its two track funding strategy built around debt and equity instruments to fuel the continuous accumulation of the BTC. On one hand, the company's 500 million Bitcoin backed credit facility enables Meta Planet to have flexible on demand liquidity secured by its Bitcoin reserves. This allows the company to expand its Bitcoin income program, buy more Bitcoin and support the share buybacks without issuing new stock. And alongside the credit line is another.
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Plan to raise 135 million through the.
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Issuance of a new Class B perpetual prefer shares. And unlike the short term easily repayable structures of the credit facility, the preferred shares represent the long term funding. Investors who buy the shares get a.
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Fixed yearly payout, can convert them into.
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Regular stock and in some cases the.
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Company can buy them back if certain conditions are met.
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There's two channels indicating that Meta Planet is employing both collateralizing borrowing and specializing.
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Equity issuance to scale its Bitcoin treasury strategy even during periods when its holdings sit at an unrealized loss. If we check out bitcointreasuries.net the data shows Meta Planet sitting on nearly 20% unrealized loss currently on his Bitcoin investments. The company purchases Bitcoin at an average cost of 108 GS while the current Bitcoin price hovers now at around 87. Despite this, the company continues to hold on to his Bitcoin and accumulate more, more more Bitcoin strategy director Mr. Dylan LeClaire stated the following on X We are huddling short and sweet. You can't short your dorks. You can't afford that. Meanwhile, a community member linked the loan's execution date to the Bitcoin drop in ADGs on Friday is very likely they bought the Bitcoin dip. I like the stock. Well, shout out Dylan Lir and shout out Meta Planet being coined the Japanese strategy. Mortgage it, finance it and convert the proceeds into the hardest money on Earth, which is Bitcoin.
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There you go. This headline caught my interest. $11 million crypto vanishes in San Francisco with a fake delivery heist. That's right.
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These motherfuckers Ever notice how ads always pop up at the worst moments when the killer's identity is about to be revealed during that perfect meditation flow on Amazon Music, we believe in keeping you in the moment. That's why we've got millions of ad free podcast episodes. So you can stay completely immersed in every story, every reveal, every every breath. Download the Amazon Music app and start listening to your favorite podcasts. Ad free included with Prime.
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Oh hey, welcome to gift wrapping.
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Whoa.
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Soy Saldana.
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Hey, can you wrap these please?
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Wow.
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IPhone 17s.
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You splurged at T Mobile. You can get four iPhone 17s on them. The new Center Stage front camera is amazing for group selfies. It's the perfect gift for everyone.
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I'm the worst. I only got my mom a robe.
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Well it's better than socks.
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So I have to trade in my old phone right?
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No AT T Mobile there's no trade ins needed when you switch. Keep your old phone or give it as a gift.
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Incredible.
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In fact, wrap up my old phone too for my aunt Rosa. Forget that, Aunt Liz will be jealous.
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Sounds like my family drama.
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Oh I got it. I'll give it to my abuela. I'll take reindeer paper with hey where are you going?
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To T Mobile.
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The holidays are better. AT T Mobile get four iPhone 17s on us. No trade in needed when you switch plus four lines for just 25 bucks a line. And now T Mobile is available in US cellular stores with 24 month legal credits and four eligible port inside essentials for well qualified customers. B Pay plus taxes, fees and $35 device connection charge credits ended balance due if you pay off earlier. Cancel Contact Us Finance Agreement 256 GB$830.
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Required Visit T mobile.com A stage fake delivery encounter in San Francisco's Mission Dolores district escalated into one of the city's largest known individual crypto thefts after disguised assailant subdued a resident escape with assets worth $11 million alongside the victim's phone and laptop. According to the police report obtained by the San Francisco Chronicle, the Saturday evening robbery unfolded in broad daylight on a unit block of Dorland street steps from Mission Dolores Park, a neighborhood where tech, proximity and high value assets have increasingly intersected with targeted crime. Home security footage posted by CEO Gary Tan captured the moments leading up to the heist. In the video, the suspect approaches the residents wearing dark clothing, a hooded sweatshirt, gloves, sunglasses and holding a white package while deliberately turning his head away from the camera. He rings the doorbell and asks for Joshua, claiming the box's address to him. The ruse continues when the resident opens the door and confirms his name. The man posing as the courier asks whether the victim can sign for this, pats his own pocket as though searching for a pen, then asks the resident if he has one. The moment the victim steps inside to retrieve the pen, the intruder follows him in the home and moves out of the frame. A loud noise is heard.
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Police later confirm the suspect brandished a firearm and bound the victim with duct tape before fleeing with his belongings. Officers arrived at approximately 6:45 and found.
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The victim with non life threatening injuries. No arrests have been made as of Monday morning And authorities have not disclosed.
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The details about how the $11 million in crypto was accessed or transferred. Right now it's still a mystery.
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Tan publicly acknowledged the incident on X.
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Describing the victim as a friend and and community member.
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He urged anyone in the neighborhood with.
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Security footage from 4:30 to 6pm to contact. It's right when I'm doing my pot, but no, it's CI time though, right? But anyways we have to find the perpetrator, he said. Time is of the essence.
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In a follow up post referencing the.
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Crypto theft, Tan added appointed observation about the crypto asset security. Self custody of crypto seems like a good idea until it isn't. Vault storage for long term holding is safest. Now I disagree with using the custodian as being the safest, but it really depends upon your situation and circumstance and ability. I. I'll dive deeper into that in a bit, but anyways. His comments drew immediate attention for both tech and crypto communities, highlighting the tension between self custody principles and the physical security risk of storing large private key access at home. Thus, the incident has reignited the long standing debate about personal security practices among high net worth crypto holders in urban settings. While hacks, phishing attacks, sim swaps and insider compromise have dominated crypto asset crime over the past decade, physical world robberies, once rare, have become increasingly sophisticated. The San Fran case stands out due to the scale of assets stolen. 11 million. The execution of the ruse on the Direct commentary from one of the Silicon Valley's most visual visual figures, but there you have it.
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Yo, who knows, this could be a propaganda hit piece to discourage self custody for all we know. I always question everything, especially there's a lot of things that don't make sense here.
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Like if you were self custodied and someone robbed your house, would you give them the private key? I mean, I guess it depends upon the circumstance.
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Maybe there's a gun to your head.
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And you would say absolutely. Or maybe there is no gun to your head and tell them to go off. I don't know.
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I don't think we have all the, you know, the full story, but it.
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Is sus that the person who got robbed is saying oh nothing is safer than coinbase custody or you know, using a custodian. I have a different belief.
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I think the crypto held by the.
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Custodians could effortlessly be confiscated. The government can confiscate it. A judge can sign an order and confiscate it. The lizard folk can confiscate it. There could be a Bitcoin seizure act like we had the Gold Seizure act of 1933 and the President could say ah, in the name of national security.
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We got to confiscate all the bitcoin.
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You know, etf, btc. Let's start with custodians and gone right. They can't take what you don't have. That's the bigger picture. You got a guys got to be a little smarter about protecting your crypto assets. They can't say sees what does not exist. And I'll leave it at that. And I'll read some of these comments. Let me know your thoughts.
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Fam next story fam strike CEO Jack Mahler's debanked by JP Morgan Lummis sounds the choke point 2.0 alarm and if you missed yesterday's podfam, you got to check it out. I did a deep dive into strategy versus JP Morgan and there is a war going on right now. JP Morgan allegedly shorting strategy and the bitcoin community strikes back and we're trying to short the damn Jeffrey Epstein banking bank, you know, which was obviously JP Morgan for the Epstein. But anyways banking giant JP Morgan Chase decision to cut ties with the CEO of Bitcoin payment strike reignited concerns about a renewed wave of US debanking, an issue that haunted the crypto industry during the 2023 banking turmoil. Let me know if you saw this infamous post from Jack Mahlers. Let's get into it. Jack Mahler, CEO of Bitcoin Lightning network payments company Strike shared on X that JP Morgan closes personal accounts. And I said, I think he said his whole family's accounts without explanation, quoting Jack here last month JP Morgan Chase.
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Threw me out of the bank.
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Every time I asked them why they.
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Said the same thing we aren't allowed to tell you.
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The decision has stirred fears of operation choke point 2.0, a term critics used to describe alleged government pressure on banks to sever relationships with the crypto companies which was very well and alive during the Biden administration. Here's the proof of work right here that Mueller shared on X which was going viral. Quoting him here, operation choke point 2.0.
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Regrettably lives on, said Senator Lummis. Actions like JP Morgan's undermined the confidence traditional banking while sending the digital asset industry overseas. It's past time we put Operation Chokepoint 2.0 to rest to make America the digital asset capital of the world. Other crypto founders, including Caitlin Long a Custodia bank said that the banking efforts are targeting crypto may persist until January of 2026 pending on the approvement of the new Federal Reserve governor. Quoting her here, Trump won't have the ability to appoint a new Fed governor until January, so there can see the breadcrumbs leading up to the potentially big fight. Long's Custodia bank was repeatedly targeted by US Debanking efforts which cost the company months of work and a couple of millions of dollars. The collapse of crypto friendly banks in early 2023 sparked the first allegations of Operation Showpoint 2.0, which was at least 30 tech and crypto founders reportedly denied access to banking services under the administration of former President Sleepy creepy Joe Biden. And In August of 2025, President Trump signed the executive order related to the banking aiming to prevent banks from cutting off services to politically unfavorable industries, including the crypto sector. There was also a crackdown with Operation Choke Point 2.0 on YouTube. Hence JV is no longer there. We moved on to bigger and better things. Rumble.com just saying. But anyways, the banking concerns took another turn in January when Lummis's office was contacted by an anonymous whistleblower alleging the Fed or FDIC was destroying material related toperation choke point 2.0 quoting them here the FDIC's alleged effort to destroy and conceal materials from the US Senate.
- [27:24]
E
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Choke Point 2.0 is not only unacceptable, it is illegal. Tell them Ms. Yellen.
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Where's my infamous Dana White clip at when I need it? That's illegal.
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That's what I'm saying.
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Traditional financial institutions have long criticized crypto firms for enabling illicit finance. But U S banks have themselves paid more than 200 billion in fines such as Jamie Diamond's JP Morgan over the past couple of decades for compliance failures, according to the data.
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The data don't lie.
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Check this out. Bank of America paid the most penalties, then JP Morgan Chase, then Citigroup, Wells, Goldman Sachs and Morgan Stanley. So yeah, bank of America reportedly accounted for almost 83 billion of those penalties, with JP Morgan paying more than 40 billion. And one of those fines was for banking. Epstein so all I know is this. We should not support any banking institution that was supporting the most notorious pedophile known to mankind.
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And I'll leave it at that.
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All right, fam. Now for our feature story of the day. U.S. house Bill would Allow Federal Taxes and Bitcoin while Aiding the US Reserve that's right. This is actually a viral trending story on X today, so I wanted to give it some attention and break her down. Shout out Warren Davidson first and foremost. But yeah, as it says, one of the crypto industry's longtime Republican allies in Congress introduced a bill to allow individuals and businesses to pay taxes in Bitcoin without triggering capital gains liability and also directing the funds to the U S Strategic Bitcoin Reserve. Let's go. Providing a new funding mechanism for the federal crypto stockpile which hasn't yet been established, Representative Warren Davidson from Ohio introduced the Bitcoin for America act to allow Americans to pay federal taxes in the btc. Let me know if you would ever do that. Maybe you'd have some liability and versus converting your cash to bitcoin causing a, let's say a taxable event. You can just pay with Bitcoin directly and avoid the capital gains tax.
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Makes sense.
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Davidson, a bitcoin advocate since 2012, said the bill is aimed at strengthening the country's economy, positioning it at the forefront of global digital asset leadership. Quoting them here, the Bitcoin for America act marks an important step towards modernizing our financial system, embracing the innovation that millions of Americans already use every day.
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By allowing taxpayers to pay federal taxes in Bitcoin and having the proceeds placed in the Strategic Bitcoin Reserve, the nation will benefit by having a tangible asset that appreciates in value over time, unlike the dollar, which has steadily lost value under inflationary pressures. It makes a great point. Nothing worse than the dollar, he said in a talk with a Bitcoin Policy Institute, a research organization advocating bitcoin, that he regrets Congress did not listen to him back in 2016 when Bitcoin was only 500 a coin, as he said here. Think about it, the upside in terms of what it could do for a country that's $38 trillion in debt. The Bitcoin for America act proves that a strategic bitcoin reserve doesn't need to be a top down mandate, said Connor Brown, head of the strategy of BPI Baletting. Americans voluntarily contribute bitcoin through their tax payments. It creates the first truly democratic, market driven model for national bitcoin accumulation. President Trump's strategic Bitcoin reserve became a possibility early March when he signed the executive order authorizing its creation. However, those working on the project at the White House and Treasury Department haven't made the final leap into standing up the reserve, which they said would likely require congressional intervention. And when the president called for the reserve, he disappointed many of its advocates of the crypto industry when he said it would not tap taxpayer dollars to fund it. Davison's bill could potentially run afoul of that concept, though it anticipates taxpayers knowingly putting their assets into the fund now. Arkham's U S Federal Reserve Tracker is down currently, but according to the most recent estimates, the White House crypto vault currently holds an estimated 198000 BTC valid at approximately $17 billion. Davison's bill, which says assumes bitcoin is.
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Expected to appreciate due to its scarcity and growing adoption, lands in the middle of the major slide and the tokens value. A House bill introduced at this moment in the Congressional session may act as a more discussion point in the future negotiations on various crypto tax provisions that industry lobbyists hope may find legislative vehicles. Meanwhile, the lion's share of the lobbyist attention is on the ongoing Senate working with the Crypto Market Structure bill. But there you go yo. And don't forget to check out bitcoinnewsalerts.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. HODL.
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