Mysterious Trader Places Multi-Million Crypto Bets Ahead of Trump’s 4pm Executive Order

A crypto trader has taken sizeable long positions in two major digital assets just hours before President Donald Trump is due to sign an executive order on state-level artificial intelligence regulation.

Trump is expected to issue the order at 4:00pm EST on 24 November. AI and crypto remain central pillars of his technology agenda, and the administration is reportedly considering allowing Nvidia (Nasdaq: NVDA) to resume sales of advanced AI chips to China, according to recent comments from Commerce Secretary Howard Lutnick.

In the lead-up to the announcement, the unnamed trader opened highly leveraged long positions worth several million dollars on Ethereum (ETH) and Zcash (ZEC). On-chain analytics platform Lookonchain reports that the trader used the decentralised exchange Hyperliquid to take a 5x leveraged long on ETH and a 10x leveraged long on ZEC.