Trump Insider Loads $430M BTC and ETH Long Before Fed Rate Cut Decision

TLDR

• A Trump-linked whale opened a $430M BTC and ETH long ahead of the Fed rate decision.
• The whale has a 12-trade winning streak and recently exited $86.6M in BTC shorts.
• The Fed is expected to announce a 25bps rate cut during its October 29 meeting.
• Truth Predict, backed by Trump Media and Crypto.com, will rival Polymarket.

A trader reportedly linked to Donald Trump has opened a $430 million leveraged long position in Bitcoin and Ethereum. This major move comes just one day before the U.S. Federal Reserve is expected to announce its next interest rate decision. The whale, known for accurate market timing, appears to be betting on a Fed rate cut driving capital back into digital assets.

Whale Bets Big Ahead of Fed Meeting

A crypto trader tied to the Trump circle has opened a $430 million long position on Bitcoin and Ethereum. According to trading data, this position was opened as the Federal Open Market Committee (FOMC) began its two-day meeting on October 28.

The trader has gained attention for previous market moves. Most recently, the entity closed $86.6 million in Bitcoin shorts, booking a $2.38 million profit. The same trader has reportedly made 12 winning trades in a row, raising interest in the timing and size of this latest position.

This isn’t the first time the whale has aligned crypto trades with major political or economic events. Earlier this month, a $255 million long was opened around the time Donald Trump confirmed a meeting with China’s President Xi Jinping at the APEC summit.

Markets Watch for 25bps Rate Cut

Traders are closely monitoring the Fed’s next interest rate decision, expected on October 29. Most market watchers anticipate a 25-basis-point cut, which would bring the federal funds rate to a range between 4.0% and 4.25%.

According to Polymarket, a prediction platform, 98% of traders expect a rate cut. The Fed’s decision is expected at 2:30 PM ET when Chairman Jerome Powell gives his press briefing.

The Fed cut rates earlier this year, and a further reduction may affect traditional and crypto markets. Lower rates can reduce returns on safe assets, which often sends investors into riskier markets like cryptocurrencies.

Trump Media Launches Truth Predict

Separately, Trump Media & Technology Group announced a new project, Truth Predict, which will enter the $9 billion prediction market space. The platform allows users to place wagers on topics such as elections, economic news, and sports results.

Devin Nunes, CEO of Trump Media, said, “We’re democratizing information and empowering everyday Americans to harness the wisdom of the crowd.” The platform is set to be tested in the coming weeks before launching in the U.S. and internationally.

Truth Predict will be supported by Crypto.com Derivatives North America. The companies had previously worked together on ETFs under the Truth.Fi brand. The platform could become a rival to existing names like Polymarket and Kalshi, both of which have seen record user activity.

Crypto Partnerships Expand Political Ties

Trump Media has increased its exposure to digital assets through various channels. It recently formed a Cronos Treasury, acquiring about 684 million CRO tokens, worth approximately $105 million. This move strengthens ties between the Trump business network and Crypto.com.

Kris Marszalek, CEO of Crypto.com, is reported to have strong business relationships with the Trump family. The exchange is playing a growing role in shaping digital asset strategies linked to the administration.

Wall Street firms such as CME Group and Intercontinental Exchange are also exploring the prediction market space. As these developments unfold, the growing link between crypto trading, politics, and market events remains under close observation.

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