Day: February 15, 2025

Argentina’s president withdraws support for LIBRA token, admits to skipping due diligence

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Key Takeaways President Milei withdrew support for LIBRA token after it lost 85% value. Previously, Milei promoted CoinX, alleged as a Ponzi scheme impacting investors. Share this article Argentina’s President Javier Milei has withdrawn his support for the LIBRA meme token after initially endorsing it, stating he had no connection to the project. Milei also admitted that he did not do his due diligence before tweeting support, but deleted his tweets once he became aware of the details. The token, which claimed to be part of the Viva La Libertad…

Argentine President-backed LIBRA token tanks 85% as team reportedly dumps $87 million

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Key Takeaways The LIBRA token crashed 85% as developers liquidated $87million in USDC and SOL. 82% of the token’s supply is concentrated, leading to centralization concerns. Share this article The LIBRA token, promoted by Argentine President Javier Milei on his official X account, crashed 85% after its development team removed $87 million in USDC and SOL from liquidity pools, according to data tracked by blockchain analysis firm Bubblemaps. The token, which reached a fully diluted valuation of $4.5 billion within hours of its launch, saw its top 100 holders face…

Crypto Pundit Reignites $100 XRP Price Target, What You Should Know

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Este artículo también está disponible en español. Crypto pundit Andrei Jikh has reignited the $100 XRP price target, sparking a bullish sentiment in the XRP community. The analyst outlined several factors that could contribute to the parabolic rally to the ambitious $100 target.  Factors That Could Contribute To The $100 XRP Price Target In a YouTube video, Jikh highlighted a potential end to the Ripple SEC lawsuit as one of the factors that could spark the XRP price rally to the $100 target. He cited the SEC’s removal of the…

Tether engages with US lawmakers on stablecoin regulatory framework, says CEO Paolo Ardoino

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Key Takeaways Tether is actively engaging with US lawmakers regarding new stablecoin regulations. Proposed regulations will require Tether to have monthly audits and maintain one-to-one reserves. Share this article Tether is working closely with US lawmakers to help shape upcoming stablecoin regulations, according to FOX Business journalist Eleanor Terret. Tether CEO Paolo Ardoino confirmed the firm’s active engagement with top legislators. The company wants to ensure their “voice is heard” in the process, Ardoino said, expressing a willingness to compromise and adjust in order to ensure their continued operation within…

Hedge fund giant Millennium discloses $2.6B Bitcoin ETF and $182M Ethereum ETF holdings

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Key Takeaways Millennium Management disclosed $2.6 billion in Bitcoin ETFs and $182.1 million in Ethereum ETFs holdings. Institutional crypto investment is on the rise, with entities like Abu Dhabi’s sovereign fund and Goldman Sachs increasing their Bitcoin ETF holdings. Share this article Millennium Management disclosed holdings of $2.6 billion in Bitcoin ETFs and $182.1 million in Ethereum ETFs in its latest 13F filing with the SEC. The hedge fund’s Bitcoin ETF portfolio is spread across multiple funds, with BlackRock’s IBIT representing its largest position at over $844 million, followed by…