Government Shutdown Freezes Crypto ETFs — But Is the U.S. Secretly Pumping Trilogy Metals?

The U.S. government is shut down, the SEC has gone dark, and crypto ETF approvals are frozen — yet markets are ripping. Bitcoin just broke past $120,000, gold is up, and now Trilogy Metals ($TMQ) — a tiny mining stock — has exploded over 200% after the U.S. government quietly bought a 10% stake. What’s going on? Is this an early sign of the government artificially pumping strategic assets while regulators are offline? And why does Bitcoin’s MVRV Z-Score — a key on-chain indicator for cycle tops and bottoms — still say we’re nowhere near a market peak? In this livestream, we’ll connect the dots between ETF delays, macro instability, and a rising hard-asset cycle led by Bitcoin and copper.

We’ll break down how the shutdown is impacting ETF timelines for Bitcoin, Ethereum, and Solana, why the Trilogy Metals buy signals a shift toward “state-controlled hard assets,” and what on-chain data tells us about where Bitcoin really is in its cycle. With the MVRV Z-Score hovering around 2.49 — well below previous cycle tops of 7 to 10 — the data suggests this bull run is just getting started. Tune in for a deep dive into how shutdown politics, ETF delays, and government stock pumps are reshaping the next phase of the crypto market — and why Bitcoin might be the only true free market left.