Hey, would you like some good news?
The FDIC agreed to pay $188,440 in legal fees and formally ended its fight against Coinbase.
The settlement closed a multi-year Freedom of Information Act lawsuit that forced the government to admit what the crypto industry has been saying for years although brought to the forefront by Nic Carter that you can read here they were actively pressuring banks to cut off crypto companies.
Dozens of “pause letters” sent to banks across the country.
Telling them to halt or limit cryptocurrency-related services not because the businesses did anything wrong or were illegal in any way but simply because regulators held a grudge against them and wanted to use the banking system to try and kill the industry - when people ask “why do we need crypto”… well that’s why.
Coinbase’s Chief Legal Officer Paul Grewal said it clearly: “The years of litigation were worth it. We successfully uncovered dozens of crypto ‘pause letters’... indisputable proof of OCP2.0 and the coordinated effort to sideline the industry.”
Under the settlement, the FDIC committed to policy changes.
New training materials now instruct staff to “liberally construe” information requests.
They formally declared they don’t maintain a blanket policy of hiding bank supervisory documents.
What does this mean for the crypto industry?
The era of secret government warfare against crypto banking is hopefully over.
This matters more than any single day’s price action. You can survive a crash. You can survive a bear market.
But you can’t build a trillion-dollar asset class if the government is quietly telling every bank in America to refuse you service.
That wall just came down.
And when banks can freely serve crypto companies without fear of regulatory retaliation... that’s not just bullish, that is a panacea of change that can happen sooner than later.
So have you grabbed your copy of “The Million Dollar Bitcoin... And How You Can Profit” yet?
Because if the government literally admitted that it tried to kill crypto and LOSING doesn’t convince you this thesis is playing out in real time... I don’t know what will.
I wrote this book for one reason: To give you the complete case... the data, the stories, the math... behind why Bitcoin is heading to seven figures. Not hopium. Not hype. Just facts.
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What you get:
The complete 7-pillar thesis (deeper than this newsletter)
Real stories like Laleh’s escape from Afghanistan with her Bitcoin seed phrase
The exact risks you need to know (no sugarcoating)
How to calculate YOUR potential Bitcoin position
Why the suits finally “get it” and what that means for you
This isn’t about convincing you to buy Bitcoin. It’s about giving you the information to make your own informed decision.
Order now. Start reading today. Decide for yourself.
The “Invisible Hands” That Made the Crash Worse Than It Had to Be
📉 Bearish (Short-Term) / 🚀 Bullish (Long-Term)
Bitcoin hit $60,000 on Thursday night. Down from $77,000. The worst single-day drop since the FTX collapse.
$2.6 billion in liquidations.
Fear and Greed Index at 6... the lowest since the FTX collapse.
And right now you can throw a rock and hit two different theories about why Bitcoin’s price collapsed.
Most people blamed macro forces.
ETF outflows.
Risk-off sentiment.
Tech stocks and metals cratering.
And all of that is true.
But a CoinDesk analysis published today revealed something most investors never saw.
Options market makers were sitting on roughly $1.5 billion in negative gamma between $60,000 and $75,000.
When Bitcoin broke below $75,000, these dealers were forced to sell BTC in spot and futures markets just to stay hedged.
Not because they wanted to sell but because the portfolio’s required it in order to hedge their positions and this created a death spiral.
As prices fell, they sold more.
Which pushed prices lower. Which forced them to sell even more.
A mechanical death spiral that had nothing to do with Bitcoin’s fundamentals.
10x Research’s Markus Thielen explained it: “Negative gamma means that options dealers are forced to hedge in the same direction as the underlying price move.” They couldn’t stop selling until every gamma cluster between $75,000 and $60,000 was triggered and absorbed.
And then? The moment that last cluster near $60,000 cleared... Bitcoin snapped back. V-shaped recovery. Trading above $71,000 by Sunday.
This is important because it tells you WHO was selling.
Not institutions dumping their thesis or corporate treasuries giving up.
Instead it was market makers running automated hedging programs.
Algorithms were running the show on this one.
The crash was real. The pain was real.
But the cause was caused by centralized factors but Bitcoin kept on working because it doesn’t care about price, it only cares about doing the next block and recording its transactions.
And once the machines cleared everything out buyers stepped right back in.
The Bottom Line
This was one of the most brutal weeks in Bitcoin’s history. A 50%+ decline from October’s highs. Flash crashes. $44 billion errors. Fear indexes at levels we haven’t seen since 2022.
And yet.
The government just admitted its anti-crypto campaign failed and paid up. A $44 billion exchange error was contained in 35 minutes without infecting global markets. The mechanical selling that drove prices to $60,000 exhausted itself and reversed. Institutional analysts at Bernstein, Standard Chartered, and VanEck are still projecting $150,000+ by year-end.
None of this means the pain is over. Bitcoin could test $60,000 again. It could go lower.
Nobody knows.
But here’s what I do know… every cycle, the infrastructure gets stronger the attacks get weaker and the recovery happens faster.
And the people who bought when the Fear and Greed Index read single digits? They’re the ones who are the most likely to build up generational wealth.
That hasn’t changed. Not this week. Not ever.
See you tomorrow.
Anthony
P.S. If you haven’t ordered “The Million Dollar Bitcoin” yet, do it now. This newsletter gives you headlines. The book gives you the complete thesis. Available on Amazon right now. Start reading today when it can still change your tomorrow, not “someday.”