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Mysterious trader spends millions of dollars on buying ahead of Trump White House meeting

2026-07-17 00:03:08
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Several senators will meet with President Donald Trump at the White House on July 16 to brief him on the progress of negotiations on the Digital Asset Market Clarification Act. Republican Senator Bernie Moreno of Ohio disclosed the news to the Bloomberg government. Reported that Senator Bill Hagerty, Republican of Tennessee, confirmed the arrangements for the meeting.

The Clarity Act is an important piece of legislation that aims to establish a comprehensive regulatory framework for the U.S. cryptocurrency market. The bill seeks to clarify the jurisdiction of the Securities and Exchange Commission and the Commodity Futures Trading Commission over the regulation of virtual assets.

But Democrats are pushing for stricter ethics provisions to restrict lawmakers and administrators from seeking personal benefits from cryptocurrency holdings, most importantly targeting Trump's own cryptocurrency-related interests. Trump's financial disclosures show that he made more than $1 billion in profits from his cryptocurrency investments in 2025.

The president and his advisers are expected to meet with senators today to narrow differences between the two sides on the issue.

On the eve of Trump's White House meeting, a mystery trader opened a long position in Bitcoin worth millions of dollars. Onchain data analysis agency Onchain Lens disclosed on July 15 that although the trader had a cumulative loss of US$4.89 million, he still opened 84 long Bitcoin positions worth US$5.43 million with 40 times leverage. The account also holds long positions in Hyperliquid worth $290,000 and long positions in Pump.fun worth $148,000, as well as a limit purchase to buy 6.56 bitcoins at $64,600.

Bitcoin is not the only cryptocurrency he is long in. He is also betting that other cryptocurrencies will rise. The trader also opened a long position in Hyperliquid worth $290,000 and a long position in Pump.fun token worth $148,000.

As of press time, Bitcoin was trading at US$64,688.13, HYPE was US$65.97, and PUMP was US$0.001646.

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