Bitcoin News Alerts | Daily BTC News

Episode 2181: China Accuses U.S. of $13B Bitcoin Black-Ops Heist – Biggest Crypto Heist in History
Date: November 29, 2025
Host: JV (Bitcoin News Alerts)
Special Guest/Co-Host: Fed Chair “Nipinator”

Episode Overview

In this charged and unfiltered episode, host JV takes listeners through a whirlwind of headline-dominating Bitcoin news, technical analysis, and global controversy. The central theme: explosive allegations from China that the U.S. orchestrated a $13 billion Bitcoin “black-ops” theft—the largest crypto heist in history—amid a week where Bitcoin ETFs break an outflow streak, sovereign rights to self-custody are debated, and the discovery of massive gold reserves brings into question historic scarcity narratives. All this unfolds with JV’s signature raw, irreverent style and sharp market insights.

Key Discussion Points & Insights

1. Market Recap and Technical Outlook

(01:03 – 06:01)

• Bitcoin Market Watch (01:03):

  • Market broadly pulling back; Bitcoin just under $91,000 after touching $93,000 earlier in the week.
  • "We're less than a God candle away from regaining 100,000. I think it'll happen very shortly but let me know your thoughts." - JV (01:17)

• Market Stats:

  • BTC dominance: 58.6%; ETH: 11.7%.
  • Fear & Greed Index at 28 — recovering from “extreme fear”.
  • “You can exchange one fiat monopoly dollar for 1104 SATS.” (03:36)

• TA (Technical Analysis) and Candle Closes (04:28 – 06:32):

  • 4 out of last 6 daily candles are green—indicating a recovery.
  • Weekly close (tomorrow) is pivotal: “If we can close above 93k… heading back to 100 Gs for the D bull… if we close under 90, could be a December just like November and October. Just saying—Octobear, but yeah.” - JV (04:45)

• Key Analyst Insights:

  • Multiple experts (including Arthur Hayes) see evidence of a bottom in the $80k region and are forecasting a relief rally and return towards six-figure Bitcoin.
  • “Bitcoin always pumps after Thanksgiving. I doubt this time will be different. And he brings the receipts: Thanksgiving 2017, 2020, 2023, 2024, and here we are 2025. As they say in the hood: deja vu.” - JV quoting Mr. Crypto (06:36)

2. Spot Bitcoin ETFs Reverse Outflows

(08:05 – 11:38)

• ETF Flows:
  • Spot Bitcoin ETFs post $70 million net weekly inflows, ending a four-week period that saw $4 billion in outflows.
  • “Combined net assets have increased to nearly $120 billion, which is 6.5% of the market cap of Bitcoin. So they've been very successful, especially IBIT…” - JV (10:35)
  • Highlights ETH ETF turnaround with $312 million in inflows after a bruising withdrawal streak.

3. The Self-Custody Principle & SEC’s Hester Peirce

(12:24 – 15:27)

• SEC Stance:
  • Hester Peirce, “crypto mom” and SEC Commissioner: “Self-custody of assets is a fundamental human right. Why should I have to be forced to go through someone else to hold my assets? It baffles me that in this country which is so premised on freedom... that would be an issue.” (12:36)
• On Privacy:
  • "It has become the presumption that if you want to keep your transactions private, you're doing something wrong. But it should be exactly the opposite presumption. Presumed innocent till proven guilty. What happened to that? Lizard folk." (13:06)
• Current Trend:
  • “Witnessing the first decline in self-custody Bitcoin in 15 years. I call it the blind leading the blind... What logic is it in that to have anyone hold your Bitcoin? Why?” - JV (13:49)
• Notable Quote:
  • “Not your keys, not your cheese. I do not trust the folks running the show. You know, because Epstein's clients run the show.” - JV (14:47)

4. Saudi Arabia’s Massive Metals Discovery & The Scarcity Narrative

(16:54 – 22:24)

• The Story:
  • Saudi Arabia claims to have discovered 11 million tons of gold, silver, copper, and zinc in the Arabian Shield.
  • “If this is true, that means the whole scarcity, you know, narrative of gold is complete and utter [nonsense]... I think he's trying to tell you gold is not as scarce as we think.” - JV (17:37)
• Technical Details:
  • Early-stage but promising; $2.5 trillion in untapped minerals. Major mining company reports high-grade intersections for gold.
• Mic Drop:
  • “Take that, you gold bugs. How precious or rare is gold? Truly, I'll go on a limb and say gold and some of these precious metals are relatively scarce. Not true scarce. True scarcity only exists in Bitcoin.” - JV (22:20)

5. Max Keiser: All-Time Highs “Back on the Table” Amid Derivatives Surge

(22:24 – 26:11)

• Key Drivers:
  • Nasdaq filing to expand options limits for BlackRock’s IBIT by 40x (to 1 million contracts), viewed as a gateway for increased institutional flows.
  • “I first explained this in 2017… Now that Bitcoin derivatives market was just expanded by 40x, new all-time highs are in play. Baby baby.” - Max Keiser (23:05, via JV quoting)
  • “Market makers will be able to hedge larger positions without hitting the old size wall, which can lower the spreads, deepen available liquidity...” - JV (25:03)
• Institutions Enter the Fray:
  • JP Morgan reportedly prepping a Bitcoin-backed structured note that would track BlackRock’s IBIT.
• On-Chain Cohorts:
  • Glassnode data shows large and retail holders switching to accumulation modes—across the board.

6. Headline Story: China Accuses U.S. of $13B Bitcoin Black-Ops Heist

(26:11 – 33:00)

• Allegations at a Glance (26:30):
  • China accuses the U.S. of engineering a black-ops theft of $13 billion in Bitcoin from Lubian, a major China-based mining pool (6% of BTC hash rate).
  • “China is calling them out. In October, China accused the U.S. of orchestrating a $13 billion bitcoin hack… the biggest in history.” - JV (26:34)
• Timeline:
  • Hack first occurred December 2020 – 90% of Lubian’s BTC holdings stolen (31:05)
  • Hackers left funds untouched for four years (27:04), “highly unusual” and suggestive of state-level actors.
  • Funds moved in June 2024, attracting attention.
  • October 2025: U.S. DOJ indicts “Chen Ji,” a Chinese figure linked to slave-labor crypto scams, seizes 127,272 BTC—the U.S. government’s biggest ever seizure.
• Official Narratives and Skepticism:
  • DOJ calls seized Bitcoin “proceeds of vast cyber fraud, pig butchering, slavery operations.”
  • “Government criminals seizing funds from other criminals. How ironic.” - JV (30:24)
  • Chinese agencies claim U.S. seized what was stolen from Lubian, accusing the U.S. of a “black-ops” seizure for its own gain.
  • JV’s take: “I don't believe any of these. I think they're all lying. I think they're all criminals and I think they're criminals stealing from criminals.” (31:47)
• Biggest Takeaway:
  • “Are the proceeds ever going to go back to the victims? Probably not. Welcome to America.” - JV (32:51)

Notable Quotes & Memorable Moments

• On Market Recoveries:

  • “We’re less than a God candle away from regaining $100,000. I think it’ll happen very shortly...” - JV (01:17)
  • “Bitcoin always pumps after Thanksgiving. I doubt this time will be different. And he brings the receipts…” - JV (06:36)

• On Self Custody:

  • “Not your keys, not your cheese. I do not trust the folks running the show.” - JV (14:47)

• On Institutional Moves:

  • “Now that Bitcoin derivatives market was just expanded by 40x, new all-time highs are in play. Baby baby.” - Max Keiser (23:05, via JV quoting)
  • "JP Morgan is reportedly preparing a Bitcoin backed structured note that would track the Black Rock IBIT. That's right, we covered that the other day..." - JV (25:07)

• On Gold Scarcity:

  • “Take that, you gold bugs. How precious or rare is gold? Truly, I'll go on a limb and say gold… True scarcity only exists in Bitcoin.” - JV (22:20)

• On the Lubian/China–US Heist:

  • “Government criminals seizing funds from other criminals. How ironic.” - JV (30:24)
  • “I don't believe any of these. I think they're all lying… criminals stealing from criminals.” – JV (31:47)
  • “Are the proceeds ever going to go back to the victims? Probably not. Welcome to America.” - JV (32:51)

Timestamps for Key Segments

• 01:03 – Bitcoin Market Overview, Dominance, Sentiment Index
• 04:29 – Technical Analysis: Daily/Weekly/Monthly Closes, Analyst Views
• 08:05 – ETF Outflows Reverse, Sector Analysis
• 12:24 – SEC’s Hester Peirce on Self-Custody & Privacy Rights
• 16:54 – Saudi Arabia’s New Gold/Copper Discovery
• 22:24 – Max Keiser’s Take: All-Time High Back in Play
• 26:11 – Main Story: China’s $13B Bitcoin “Heist” Allegation Against U.S.
• 31:47 – Host’s Searing Take: “Criminals Stealing From Criminals”
• 32:51 – Do Victims Ever Recover? Real Talk
• 33:37 – Q&A Segment (see Premium/Video Experience)

Tone & Language

• Unapologetically raw, irreverent, and anti-establishment:
  • “Stacking stats like it’s Max & Stacy. Count your sats. Who gives a f*** about fiat value?”
• Host JV gleefully mixes technical data and humor, relentless anti-institution narrative, with repeated nods to Bitcoin maximalism and cultural references (“God candle,” “Lizard folk,” “Octobear”).
• Direct speaker attributions, as per the transcript.

Final Thoughts

This episode delivers a bracing brew of breaking Bitcoin drama, market insight, and unfiltered commentary. It’s an unvarnished look at Bitcoin’s wild global ride—where government and criminal interests interweave, institutional walls erode, and self-sovereignty remains the rallying cry. If you missed the livestream, this summary will keep you in the know—and, in JV’s words, “Stack hard, stay sovereign.”

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