In the volatile world of cryptocurrency, where fortunes are made and lost in the blink of an eye, few voices carry as much weight as Teeka Tiwari, affectionately known as Big T. A former hedge fund manager, Wall Street executive, and pioneer in crypto analysis, Tiwari has built a reputation as one of the most trusted figures in the space. Voted the “most trusted man in crypto” by over 130,000 independent analysts, he has guided investors through multiple bull and bear cycles, recommending assets like Bitcoin and Ethereum early on when they traded at fractions of their future peaks.
On June 24, 2026, at 8 p.m. ET, Tiwari is set to host a landmark virtual event called Project 938. This isn’t just another webinar—it’s framed as the culmination of months of investigation into alleged market rigging by Wall Street proprietary (prop) traders. The event promises to expose “the extraction cycle,” introduce a recruited insider trader who allegedly turned $25,000 into $726,000 in two years, and reveal actionable strategies for retail investors to “flip the script” on institutional players. Attendees who register early will also receive Tiwari’s special report on the No. 1 “buy and hold” coin for the next bull run.
Teeka Tiwari: From Foster Care to Crypto Oracle
Teeka Tiwari’s personal story is as compelling as his market calls. Born into challenging circumstances, he grew up in the UK foster care system with little resources. At 16, he arrived in the United States with just $150 and the clothes on his back. By 18, he was the youngest employee at Lehman Brothers, and by 20, the youngest Vice President in Shearson Lehman’s history. His journey embodies the American Dream, transitioning from investment banking to hedge fund management and eventually becoming a leading voice in cryptocurrency.
Tiwari entered the crypto space early, recommending Bitcoin around $400 and Ethereum near $9 in 2016. Through his work with Palm Beach Research Group, including services like Palm Beach Confidential, he has highlighted numerous coins with significant upside. Supporters credit his thorough due diligence and ability to navigate bear markets. Critics, as with many financial promoters, note the high-risk nature of crypto and the speculative elements in such newsletters. Regardless, his track record of calling major trends has earned him a dedicated following.
Tiwari has long warned about institutional influence in crypto. In 2018, he publicly discussed what he termed the “Great Crypto Conspiracy,” pointing to patterns where major banks and figures publicly criticized Bitcoin while privately accumulating positions. Examples include JPMorgan’s Jamie Dimon calling Bitcoin a fraud before his firm facilitated related trades, or BlackRock’s Larry Fink shifting from skepticism to launching a leading Bitcoin ETF.
The “Extraction Cycle”: What Tiwari Claims Is Happening
At the heart of Project 938 is Tiwari’s assertion of a sophisticated “extraction cycle” orchestrated by Wall Street prop traders. According to his materials:
- Bitcoin experiences heavy selling pressure around 10 a.m. ET, crashing prices and wiping out retail long positions before recovering.
- This pattern repeated across trading sessions in 2025, with little fundamental justification.
- Prop traders allegedly build positions, trigger liquidations via price manipulation, scoop up coins cheaply, and ride the rebound.
Tiwari links this to a specific firm (unnamed in promotions but with details matching public allegations around entities like Jane Street in some reports): paid traders $9.38 billion in one year (hence “Project 938”), one of only four authorized participants (APs) for major Bitcoin ETFs under in-kind redemption mechanisms. The firm faced a February 2026 lawsuit in the Southern District of New York alleging insider trading and market manipulation, plus a prior SEBI (India) ban and $566 million freeze related to equity derivatives pump-and-dump schemes.
The pattern reportedly paused during heightened legal scrutiny and resumed later, according to market observers cited by Tiwari. One session allegedly wiped out $171 million in longs in minutes, dubbed the “10-Point Strike.” Tiwari argues this isn’t isolated but an evolution of long-standing tactics: talk down prices publicly, accumulate, and sell high to retail.
Broader Context of Crypto Market Manipulation
Crypto markets have long faced manipulation accusations due to lower regulation, high leverage, and 24/7 trading. Common tactics include:
- Pump-and-Dump Schemes: Coordinated promotion followed by mass selling.
- Wash Trading: Fake volume to attract investors.
- Spoofing and Layering: Placing large fake orders to influence price.
- Flash Crashes: Sudden drops from liquidations or algorithmic selling, often during low liquidity (e.g., U.S. trading hours overlap).
Real-world cases abound. In 2024-2026, U.S. authorities charged multiple groups for wash trading and volume inflation. North Korean-linked hacks and large breaches (e.g., Bybit in 2025) highlight ongoing risks. ETF authorized participants wield significant influence through arbitrage, creation/redemption mechanisms, and derivatives, potentially amplifying volatility.
Allegations around 10 a.m. ET patterns echo discussions in crypto communities about specific firms’ activities. While firms deny wrongdoing and many claims remain unproven in court, the timing of dips aligning with U.S. market open, ETF flows, and liquidation cascades is observable in price data. Tiwari positions Project 938 as exposing how these dynamics disadvantage retail traders, who often trade on leverage and emotion.
Recruiting the “Billion-Dollar Prodigy”
A key hook for the event is Tiwari’s recruitment of an anonymous former prop trader from a major firm with $500 billion AUM. This “Billion-Dollar Prodigy” reportedly generated over $4 million in profits in his last year through a repeatable process. Disillusioned by the firm’s extraction tactics and bonus disputes, he allegedly left with insider knowledge.
Together, they claim to have developed or adapted tools like the “Moneyline”—a proprietary price threshold signal indicating when the extraction cycle ends and the profit cycle begins. Below the line: feeding institutions. Above it: riding alongside them. The Prodigy has reportedly identified three coins at critical thresholds for explosive moves.
Tiwari emphasizes disciplined, low-drawdown trading over high-risk bets, contrasting with typical retail FOMO (fear of missing out) and panic selling.
Historical Precedents and Why the Game Changed
Crypto has matured since 2017-2018. Early wild-west days featured overt manipulation on unregulated exchanges. Post-ETF approvals (notably spot Bitcoin ETFs in 2024), institutional money flooded in, bringing sophisticated players. While this added legitimacy and liquidity, it also introduced new dynamics:
- ETF APs manage creation/redemption, influencing underlying flows.
- Prop desks use high-frequency and algorithmic strategies.
- Derivatives (futures, options) amplify leverage and cascades.
Tiwari notes failed breakouts, muted panics, and “fakedowns” as signs of managed markets. His past guidance through 2018 winter, 2020 crash, and 2022 FTX collapse helped many, but he argues old HODL strategies are insufficient now. Project 938 aims to update the playbook.
Bitcoin’s path—from sub-$1,000 to peaks near $126,000 mentioned in materials—illustrates cycles. However, post-peak action in late 2025-2026 featured sharp reversals, flash crashes (e.g., liquidating billions), and consolidation, fueling frustration.
What to Expect at Project 938 on June 24
The event is a “special strategy session” where Tiwari will:
- Detail his investigation into the extraction cycle.
- Introduce the Prodigy and his methods.
- Share the three coins at key thresholds.
- Provide the free buy-and-hold report.
Potential Strategies Highlighted:
- Timing entries/exits using signals like the Moneyline.
- Focusing on coins with institutional tailwinds but retail-accessible setups.
- Risk management to survive volatility.
- Long-term holds combined with tactical trades.
Success depends on execution, market conditions, and individual risk tolerance. Crypto remains highly speculative; past performance (e.g., Prodigy’s track record) isn’t indicative of future results.
Risks, Skepticism, and the Bigger Picture
Promotional events like this often lead to paid newsletter subscriptions. Tiwari’s services have enthusiastic reviews for research quality, but participants should verify independently, consider fees, and remember no strategy guarantees profits.
Regulatory scrutiny of manipulation is increasing, with DOJ, SEC, and international bodies pursuing cases. Greater transparency via on-chain analysis and ETFs may reduce some abuses over time. However, sophisticated actors adapt quickly.
For retail investors: Education is key. Understand leverage risks, use secure wallets/exchanges, diversify, and avoid emotional trading. Tools like on-chain metrics, volume analysis, and sentiment tracking complement signals.
Project 938 reflects a broader narrative: Crypto’s democratization vs. institutional capture. As markets evolve with ETFs, DeFi, and regulation, events like this highlight tensions and opportunities.
Looking Ahead: Crypto’s Next Chapter
Whether Project 938 delivers groundbreaking insights or serves primarily as marketing, it underscores persistent challenges in crypto. Tiwari’s call to action—RSVP and review the evidence—aligns with his philosophy of informed, asymmetrical investing.
The June 24 event could be a pivotal moment for attendees seeking an edge. In a market where Wall Street’s involvement is both a blessing (liquidity, legitimacy) and curse (rigging allegations), tools to navigate it are valuable.
