From Cointelegraph

April 14, 2025 02:15 AM:

Andrew Kang, founder of Mechanism Capital, doubles down on Bitcoin with a $200 million long position. The move comes after a $100 million long bet on Bitcoin tied to Kang made an expected profit or loss of $6.8 million. Trump’s trade war announcement may reverse BTC downtrend, says Kang.

Senate Democrats call for SEC probe into Trump’s alleged insider trading. Trump’s Truth Social post on tariff pause led to a market rally. Bitcoin sees over 2% swing due to tariff confusion. Bitcoin hits low of $83,197 before recovering to trade flat around $85,000. Trump clarifies tariff exemption confusion on Chinese electronics.

Read more at CoinTelegraph: Mechanism Capital founder doubles Bitcoin position with a $200M long