A trader on the decentralized perpetual swaps platform Hyperliquid leveraged a $5.6 million deposit to open 50x long positions on Bitcoin and Ethereum, totaling over $200 million in value. This move was made just before President Donald Trump's announcement on Sunday at 3 p.m. UTC regarding the establishment of a U.S. Crypto Strategic Reserve, which includes Bitcoin, Ethereum, Solana, XRP, and Cardano. The trader's positions were at risk of liquidation when Ethereum's price fell, but Trump's announcement led to a surge in the prices of Bitcoin and Ethereum, allowing the trader to close their positions and realize a profit of $7 million within 24 hours. The market reacted strongly to the news, with Bitcoin increasing by nearly 9% and Cardano experiencing a 58% surge. Nearly $600 million in bearish crypto bets were liquidated following the announcement. The establishment of the U.S. Crypto Strategic Reserve signals a move towards integrating cryptocurrencies into the national financial infrastructure. This decision has led to immediate market reactions, with prices of the mentioned cryptocurrencies soaring. President Trump is set to address industry leaders at a Crypto Summit at the White House on Friday.