Blockchain tracking firm Lookonchain says one crypto trader generated astronomical returns by betting big on Bitcoin ( BTC ) and Ethereum ( ETH ) as President Trump announced a potential US crypto reserve. According to Lookonchain, a crypto whale deposited 6 million USDC to Hyperliquid, a decentralized exchange (DEX) built for perpetual futures trading, to long BTC and ETH using 50x leverage in what turned out to be an extremely well-timed trade. The trader’s position was taken on the same day Trump announced on the social media platform Truth Social that the US will establish a “crypto strategic reserve.” Trump said the reserve will include Bitcoin, Ethereum, XRP , Solana ( SOL ) and Cardano ( ADA ), causing those digital assets to surge. The whale’s positions soared in value and he booked profits of nearly $7 million. “This whale, who was long BTC and ETH with 50x leverage, has closed most of his long positions, making over $6.8 million in just one day!” Lookonchain notes that the trader appears to make frequent leveraged trades. “The whale who made $6.8 million from going long BTC and ETH with 50x leverage yesterday made another profit of ~$300,000 by shorting BTC [Monday]! This whale looks like a perps gambler who uses the highest leverage. He also used 100x leverage to short/long BTC and ETH on GMX, traded 75 times on GMX in less than a month, with a win rate of 62.66%, and a total loss of $1.22 million.” Bitcoin is trading for $90,051 at time of writing, down 2.2% in the last 24 hours. Meanwhile, Ethereum is trading for $2,279 at time of writing, down 7.6% on the day. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Whale Uses 50x Leverage To Profit $6,800,000 on Bitcoin and Ethereum During Trump’s Crypto Reserve Announcement appeared first on The Daily Hodl .
Favorable macroeconomic conditions and the potential of a US strategic crypto reserve launch could help Bitcoin flip $90,000 to support.
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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Solana traders are flocking to Bitcoin Pepe, the first meme Layer 2 on Bitcoin, drawn by its unique proposition. Table of Contents Why Solana traders are making the move The BPEP presale: 2025’s biggest opportunity? The future of meme markets A significant shift in the crypto landscape is underway as members of Solana’s vibrant meme trading community turn their attention to Bitcoin Pepe, Bitcoin’s first dedicated meme Layer 2. The project, which promises to combine Solana’s speed with Bitcoin’s security, is drawing unprecedented interest from traders looking for the next big opportunity in the meme sector, raising $3.6m in the first 20 days of its presale. Why Solana traders are making the move The appeal is straightforward: Bitcoin Pepe offers everything that made Solana the hub of meme coin trading — fast transactions, minimal fees, and user-friendly trading interfaces — while adding the unmatched security and network effect of Bitcoin’s $2 trillion ecosystem. The combination is proving irresistible for seasoned Solana traders who’ve experienced the profits possible in meme markets. $3.6m in investment has already poured in since the ICO opened its doors on 11th February, as investors acknowledge what could be a $3 trillion opportunity: Bitcoin’s $2 trillion in dormant capital is joining a meme market projected to hit $1 trillion in 2025. Bitcoin Pepe’s infrastructure is specifically designed to capture the magic that made Solana the premier destination for meme trading. The project’s dedicated DEX will bring the same high-speed, low-fee trading experience that Solana traders are accustomed to. At the same time, the PEP-20 token standard makes launching new meme projects as straightforward as it is on platforms like pump.fun. What’s drawing particular attention is the project’s bridge system, which allows traders to deploy Bitcoin’s massive $2 trillion liquidity pool — which is currently sitting around, where DeFi and meme coins are absent — directly into new markets. This also addresses one of Solana’s persistent challenges; limited liquidity compared to Bitcoin’s multi-trillion-dollar ecosystem. You might also like: Bitcoin finally gets its Solana: $3.6m raised The BPEP presale: 2025’s biggest opportunity? The migration is also being driven by Bitcoin Pepe’s presale structure, which features 30 stages with 5% price increases between each. This model allows early, discounted access to BPEP tokens, which could eventually become just as ubiquitous in crypto as SOL tokens — and early buyers will already be up by 300% by the time the presale ends. The project’s tokenomics feature a 2.1b total supply with strategic allocations for development and liquidity, as well as 50% of the total supply available in the presale. This community-first approach stands in stark contrast to the VC-backed Layer 1s that saw early success, where huge swathes of tokens were allocated to insiders who would later dump their bags on retail, using them as exit liquidity. Early metrics suggest the market is responding — $420k sold out nearly instantly, with stage one evaporating in minutes. The future of meme markets For Solana traders watching this development, the opportunity is clear. Bitcoin Pepe offers a chance to maintain the trading experience they’ve come to love while accessing the industry-leading security and network effects of Bitcoin. The project’s roadmap, which includes the Layer 2 deployment, bridge launch, and DEX rollout throughout 2025, suggests this is just the beginning. The message from the market is clear: The future of meme coin trading might not be on Solana after all — it could be on Bitcoin’s first dedicated meme Layer 2. To learn more about Bitcoin Pepe, check out the official website . Read more: Solana devs dump bags for Bitcoin’s first-ever meme ICO Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
Bitcoin Suisse, an institutional-grade crypto services provider, is expanding its digital asset offerings with access to four new tokens. In a March 3 announcement Bitcoin Suisse stated that its clients can now trade and custody The Open Network ( TON ), Optimism ( OP ), Ethena ( ENA ) and Ondo Finance ( ONDO ). The Zug, Switzerland-based firm confirmed that the new crypto trading and custody services are available immediately. TON, OP, ENA, and ONDO are among the top 100 cryptocurrencies by market cap, each serving different crypto ecosystems. Toncoin, the native token of The Open Network blockchain, is used for staking, governance, and transaction fees. It also powers an ecosystem that includes The Open Network’s decentralized name service, storage, and TON Sites. Telegram recently announced exclusive support for TON Blockchain mini-apps, making it one of the largest crypto communities in the space. Ondo Finance’s key products include U.S. treasury-backed tokens such as Ondo U.S. Dollar Yield Token and Ondo Short-Term U.S. Treasuries Fund. These tokenized treasury products rank among the top in the market, alongside offerings from BlackRock, Hashnote, and Franklin Templeton. You might also like: Ondo Finance partners with Mastercard to bring tokenized Treasuries to MTN OP serves as the governance and utility token of Optimism, a layer-2 scaling solution for Ethereum. Meanwhile, ONDO is the native token of Ondo Finance, a platform focused on tokenized real-world assets. ENA is the native token of Ethena, a decentralized protocol that offers the synthetic stablecoin (USDe) and the yield-bearing dollar asset (sUSDe). USDe operates through delta hedging of Bitcoin, Ethereum, and Solana, utilizing perpetual and futures contracts along with USDC and USDT reserves. “By integrating these new tokens, Bitcoin Suisse continues to provide its clients with a gateway to innovative developments in the digital asset space,” the crypto platform noted. Bitcoin Suisse previously expanded its trading and custody solutions with EigenLayer in October 2023. In December, it became the first Swiss crypto provider to introduce Babylon Bitcoin staking. You might also like: Ethena price defies crypto market downturn ahead of institutional stablecoin launch
House Republicans and Democrats have joined forces to create the Congressional Crypto Caucus, a bipartisan voting bloc aimed at advancing crypto-friendly policies and digital asset legislation. This newly formed caucus in the U.S. House of Representatives was announced on March 3 by House Majority Whip Tom Emmer and Rep. Ritchie Torres (Democrat, New York). The initiative seeks to mobilize support for digital asset legislation, including bills on stablecoins and market structure. Millions of American voters made their voices heard at the ballot box in November. You elected the most pro-crypto Congress and Presidential Administration in history. To capitalize on this opportunity, @RepRitchie and I have launched the Congressional Crypto Caucus. https://t.co/M2cC3GKI0W — Tom Emmer (@GOPMajorityWhip) March 3, 2025 Congressman Emmer stated that the caucus was created in response to millions of voters prioritizing crypto-friendly candidates in the November 2024 elections. “This Caucus serves as an ideologically unified, nonpartisan group of members that can quickly mobilize to support key digital asset initiatives in Congress.” Emmer said. Torres echoed this sentiment in a post on X, emphasizing that the caucus will play a key role in shaping crypto legislation. Excited to announce that today, @GOPMajorityWhip and I are launching the Congressional Crypto Caucus. We hope to build a unified, bipartisan coalition to cement America’s leadership in the future of digital assets and blockchain innovation. https://t.co/qCjSt8PiQD — Rep. Ritchie Torres (@RepRitchie) March 3, 2025 You might also like: U.S. Prioritizes Stablecoins Over Bitcoin Reserve Here’s Why Crypto regulation gains momentum in Congress Unlike previous efforts before it, the new bi-partisan caucus will operate as a voting bloc to advance crypto legislation already in progress. Two bills focused on stablecoin regulations have been introduced in the House, with lawmakers currently gathering industry input. In the Senate, the Banking Committee, led by Sen. Tim Scott (Republican, South Carolina), is aiming for an April deadline to pass both stablecoin and market structure bills. According to Terrett, the GENIUS Act, introduced by Sen. Bill Hagerty (Republican, Tennessee), could see a markup hearing as early as next week. This comes as the White House announced it will be hosting its first-ever Crypto Summit on March 7. Topping that, on Mar. 2, President Donald J. Trump, according to a crypto.news report , following up on his Executive Order on Digital Assets, directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes Bitcoin ( BTC ), Ethereum ( ETH) , Ripple ( XRP) , Cardano ( ADA) , and Solana ( SOL) . You might also like: Inside Trump’s Crypto Strategic Reserve Move—“A Huge Political
Bitcoin proponent Paul Sztorc sparked discussion by attributing Bitcoin’s initial exclusion from President Donald Trump’s proposed crypto reserve to the Lightning Network’s technical failures, citing a trove of critical assessments from industry experts. Drivechain Developer Points to Lightning Network as Trump Embraces Altcoins The inclusion of XRP, ADA, and SOL in a crypto reserve proposal
Kaitlyn Siragusa, a popular online streamer known as Amouranth, said she was targeted by armed crypto thieves that broke into her Texas home.
US President Donald Trump's proposal to create a cryptocurrency strategic reserve has sparked a huge backlash, with financial expert and investor Anthony Pompliano describing the idea as “crazy.” Speaking at Varney & Co, the founder and CEO of Professional Capital Management expressed skepticism about the inclusion of multiple cryptocurrencies in the proposed reserve. The plan, which reportedly involves holding five or six different digital assets, has drawn comparisons to a hedge fund. Pompliano questioned how the government would determine the allocation of assets within the reserve, particularly how it would balance assets like Bitcoin and Solana: “How do you decide if you want more Solana and less Bitcoin? How do you do that? We don't know all the details yet, but from what we know right now, it's crazy.” Pompliano noted that Trump’s initial campaign discussions revolved around a Bitcoin-only strategic reserve, emphasizing BTC’s limited supply and status as a global store of value. However, recent reports suggest that the reserve could include multiple U.S.-based cryptocurrencies rebranded as an “America first” crypto initiative. Related News: There Will Be Intense Cryptocurrency Spotlight In The US Senate This Week - Here Are The Details Of The Development Expected To Be Positive “Bitcoin is strategic because it has a limited supply, is backed by the most powerful computing network, and is completely decentralized,” Pompliano explained. “If we’re adding random altcoins to the reserve, why not Tesla, GameStop, or hedge fund interests? That approach just turns it into speculation.” Bitcoin reserves have become a growing trend among some countries, including El Salvador, Bhutan, Russia, and the UAE. The Abu Dhabi Sovereign Wealth Fund has also reportedly started buying Bitcoin. Pompliano noted that these countries view Bitcoin similarly to gold and hold it as a strategic asset. “Countries are treating Bitcoin like gold and stockpiling it on their balance sheets. That’s the strategic value,” he said. Pompliano suggested that Trump’s inclusion of multiple cryptocurrencies could be a negotiating tactic. He suggested that the initial plan could be a starting point that would eventually result in a Bitcoin-only reserve, referencing the president’s well-known bargaining style. “If you think about The Art of the Deal, maybe he wants five or six assets but he’s only willing to negotiate down to Bitcoin,” he suggested, adding: “I don’t know if that’s what he’s doing, but I hope so.” *This is not investment advice. Continue Reading: Crypto-Friendly Millionaire Anthony Pompliano Calls US Altcoin Reserve “Insanity,” Explains Why It’s Not Viable
Crypto analyst CrediBULL Crypto has revealed that Bitcoin’s open interest has crashed to a six-month low. The analyst further explained what happened the last time this low open interest occurred while providing a bullish outlook for the flagship crypto. Bitcoin’s Open Interest Crashes To 6-Month Low In an X post, CrediBULL Crypto revealed that Bitcoin’s open interest is at the lowest levels it has been at in six months. He noted that the BTC price was trading between $50,000 and $60,000 the last time the open interest was this low. The analyst also revealed that Bitcoin’s funding rate just ticked negative. He also noted that the same thing happened while the flagship crypto was trading between $50,000 and $60,000 just before its rally to $100,000. Related Reading: Crypto Pundit Who Correctly Called The Bitcoin Price Surge From $15,400 To $100,000 Reveals What’s Next Interestingly, CrediBULL Crypto asserted that these metrics overall look “fantastic” for Bitcoin and further solidified his belief that the flagship crypto has formed a bottom. Indeed, BTC looks to have formed a bottom as the flagship crypto has rebounded to as high as $95,000 following its drop below $80,000 last week. Crypto analyst Ali Martinez also suggested that the Bitcoin price has found its bottom. In an X post, he noted that historically, BTC tends to rebound when the daily Relative Strength Index drops below 30. He then revealed that the RSI was sitting at 24, indicating that the flagship crypto had bottomed out and was well due for a rebound. BTC Needs To Hold Above This Range To Confirm Reversal However, despite Bitcoin’s rebound to as high as $95,000, CrediBULL Crypto suggested that market participants shouldn’t get too excited yet. He stated that the pump doesn’t mean much unless BTC clears the key resistance at around $93,000. The analyst remarked that moving up to this range was the easy part but “strength” is getting past it. Related Reading: Bitcoin $166,000 Target Still In Play? The Extension That Determines Where Price Goes Next Crypto analyst Titan of Crypto also echoed a similar sentiment. He stated that Bitcoin is currently pushing through $94,000, breaking above the Kumo cloud. The analyst added that the flagship crypto needs to stay above this price level before the reversal can be confirmed. However, Titan of Crypto still provided a bullish outlook for the Bitcoin price, suggesting that a reintegration might be about to occur, which could send the flagship crypto into a markup phase. His accompanying chart showed that BTC could rally above $126,000 as it enters this markup phase. Meanwhile, Martinez revealed that the Bitcoin bull run remains intact according to the aSORP indicator. He also stated that global liquidity is on the rise again, and with BTC lagging behind this metric, the analyst remarked that this could signal a unique buying opportunity. At the time of writing, the Bitcoin price is trading at around $91,000, up over 6% in the last 24 hours, according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com