The cryptocurrency industry is experiencing a significant shift in the United States as the Trump administration takes steps to reshape its regulatory landscape. Over the past few days, a trader on Hyperliquid profited $7 million in just 24 hours following a surge in crypto prices triggered by Trump’s announcement of a national crypto reserve. Meanwhile, the White House has confirmed plans to host the federal government’s first Crypto Summit, bringing together industry leaders to discuss the future of digital assets.
Trader Nets $7 Million in 24 Hours on Hyperliquid Following Trump's Crypto Reserve Announcement
A high-stakes trader on the decentralized perpetual swaps platform Hyperliquid pulled off a spectacular win over the weekend, profiting a staggering $7 million in just 24 hours. The gains came after the trader leveraged a large long position on Bitcoin (BTC) and Ethereum (ETH) just hours before Donald Trump’s unexpected crypto strategic reserve announcement on Sunday morning.
This trader’s high-risk, high-reward strategy revolved around aggressive leverage and precise market timing, nearly resulting in liquidation before Trump’s statement caused a surge in prices.
According to blockchain data, the trader deposited approximately $5.6 million USDC into Hyperliquid before opening 50x leveraged long positions on BTC and ETH. The extreme leverage brought the total exposure to over $200 million, quickly catching the attention of on-chain analysts.
The bet was highly speculative and almost catastrophic. By early Sunday morning, ETH’s price decline nearly wiped out the position—just $54 lower, and the trader would have suffered over $2 million in losses due to forced liquidation.
At 10:00 AM ET on Sunday, US President Donald Trump announced plans for a national crypto strategic reserve, a move that sent shockwaves through the digital asset markets.
The trader, who had been doubling down on their long position throughout the morning, saw prices skyrocket immediately after Trump’s speech. ETH and BTC surged rapidly, pushing the positions into profit. The trader acted quickly, closing out the trades and walking away with $7 million in realized gains—all within 24 hours.
Interestingly, had the trader held onto their positions longer, the profits could have been even higher. Shortly after the initial announcement, Trump clarified that both BTC and ETH would be included in the crypto reserve, sending their prices even further into the green.
The cryptocurrency market reacted with strong bullish momentum following Trump’s endorsement of a national crypto reserve.
Bitcoin (BTC) jumped 7.52% in a single day.
Ethereum (ETH) climbed 9.84% as traders flooded into the second-largest cryptocurrency.
Cardano (ADA) saw the most dramatic rally, soaring 58% in 24 hours, after being mentioned specifically in Trump’s statement.
Speculation on Future Policy Impacts
Trump’s unexpected crypto-friendly stance has fueled speculation about potential regulatory shifts in the United States should he regain office. Analysts believe the crypto reserve concept could signal a broader embrace of digital assets at the national level, potentially driving further institutional and retail investment.
For traders like the one on Hyperliquid, volatility events like these provide a golden opportunity for massive profits—but also come with extreme risk. The near-liquidation moment serves as a reminder of the dangers of high leverage, even when market sentiment is leaning bullish.
As the market continues to digest Trump’s crypto reserve proposal, eyes remain on Bitcoin, Ethereum, and the broader altcoin sector to see if this rally is a short-term pump or the beginning of a sustained bull run.
Trump Announces Federal Crypto Summit Amid Policy Shift and Market Rebound
In related news, President Donald Trump has announced that the White House will host the federal government’s first-ever Crypto Summit this Friday. The event, which comes as cryptocurrency prices begin to recover from a recent downturn, signals a dramatic shift in the US government’s approach to digital assets.
Trump is expected to address top founders, CEOs, and investors from the cryptocurrency sector, reinforcing his administration’s emerging pro-crypto stance. The summit will be chaired by AI & Crypto Czar David Sacks and overseen by Bo Hines, the director of Trump’s working group on digital assets—a relatively unknown figure in the crypto industry until now.
A statement from the White House framed the summit as a turning point for crypto policy:, saying “After the previous administration unfairly prosecuted the digital asset space, President Trump’s policy vision represents a new era for digital financial technology.”
The statement reflects the administration’s efforts to undo regulatory hostilities seen under previous leadership, particularly during the tenure of SEC Chair Gary Gensler, who aggressively pursued enforcement actions against major crypto firms.
A key factor leading up to the Crypto Summit has been the sudden reversal of major SEC lawsuits under Mark T. Uyeda, who is currently serving as Trump’s acting SEC Chair. The agency, which had been aggressively targeting crypto firms, has now begun withdrawing cases and investigations, a move that has been widely welcomed by industry leaders.
In the past week alone, the SEC has dropped its lawsuit against Coinbase and closed investigations into:
Gemini
OpenSea
Uniswap
Robinhood
Additionally, there is speculation that a resolution in the SEC’s case against Justin Sun could follow soon, further marking a shift in regulatory strategy. The agency has also faced legal setbacks, including a US judge dismissing the SEC’s case against PulseChain and Hex founder Richard Heart (Richard Schueler) on jurisdictional grounds.
Though some believe these developments are a sign of long-overdue regulatory clarity, others remain skeptical. Cameron Winklevoss, co-founder of Gemini, voiced frustration over the damage the SEC has already caused, and said, “While this marks another milestone to the end of the war on crypto... it does little to make up for the damage this agency has done to us, our industry, and America.”
Market Reaction: Crypto Prices Rebound, Bitcoin ETFs Show Strength
The announcement of Trump’s Crypto Summit comes as the market attempts to stabilize following a large-scale selloff in recent days. On Friday, US-based spot Bitcoin ETFs recorded their first day of net inflows, a signal that institutional demand may be picking up again.
However, BlackRock’s IBIT ETF continued to see outflows, showing that investor sentiment remains mixed.
Trump’s Crypto Summit represents more than just a high-profile event—it’s a potential turning point for US crypto policy. If his administration follows through with regulatory rollbacks, clear guidelines, and industry-friendly policies, it could pave the way for a new wave of investment and innovation in the space.
While skeptics warn against overly lax regulations, many in the industry view Trump’s actions as a long-overdue course correction after years of regulatory uncertainty. With key industry leaders set to attend Friday’s summit, all eyes will be on the policy proposals that emerge and the potential for a lasting shift in the US government’s approach to digital assets.
