Argentina’s prosecutor has frozen $100 million in crypto assets linked to LIBRA Coin amid an investigation into market manipulation and insider trading involving President Javier Milei. The probe follows allegations of fraud and power abuse, as 86% of LIBRA traders reportedly suffered losses after the coin’s value plummeted. Political turmoil ensues, with calls for Milei’s accountability and potential impeachment, while regulators focus on future rules for virtual asset providers.
about Argentina Freezes 100 Million in Crypto Amid LIBRA Coin InvestigationAntigenics, Inc.
0 in Finance and 0 in Crypto last weekLIBRA Token Surge Sparks Controversy and Investigations in Argentina
Argentine President Javier Milei faced backlash after promoting a tutorial for the controversial LIBRA token, which led to a 60% price surge before a rapid decline. The Anti-Corruption Office is investigating his involvement, while U.S. prosecutors consider legal action against LIBRA’s CEO, Hayden Davis, amid concerns of market manipulation and a potential pump-and-dump scheme. Despite the controversy, Milei defends his actions as an effort to foster innovation in Argentina’s tech sector.
about LIBRA Token Surge Sparks Controversy and Investigations in ArgentinaLibra Token Collapse Sparks Controversy and Calls for Investigation in Argentina
The launch of the Libra (LIBRA) token, endorsed by Argentine President Javier Milei, was anticipated in memecoin circles weeks prior, leading to a $4 billion market cap collapse shortly after trading began. Insider wallets cashed out $107 million within hours, prompting Milei to request an investigation into potential misconduct among government members. Despite allegations of insider trading, Jupiter Exchange found no evidence of wrongdoing among its team members, emphasizing the brutal impact of the token’s failure on traders.
about Libra Token Collapse Sparks Controversy and Calls for Investigation in ArgentinaArgentine President Javier Milei Faces Fraud Charges Over Cryptocurrency Promotion
Argentine lawyers have filed fraud charges against President Javier Milei for promoting the cryptocurrency Libra, which saw a market cap surge to $4.56 billion before plummeting over 94%. Accusations include fraud and violations of the Public Ethics Law, with a class-action suit being prepared for affected investors. Milei has requested an investigation into potential misconduct among government members, claiming he was unaware of the project’s details when he endorsed it.
about Argentine President Javier Milei Faces Fraud Charges Over Cryptocurrency PromotionHong Kong SFC Grants New Crypto Licenses Expanding Digital Asset Regulation
Hong Kong’s Securities and Futures Commission (SFC) has granted its first crypto trading licenses of 2025 to PantherTrade and YAX, increasing the total to seven since mid-2024. The city has approved only 10 virtual asset trading platforms since 2020, reflecting its strict regulatory approach to digital assets.Currently, trading is limited to Bitcoin, Ether, Avalanche, and Chainlink, with plans to attract institutional investors through tax exemptions on cryptocurrency investment gains for hedge funds, private equity firms, and family offices.
about Hong Kong SFC Grants New Crypto Licenses Expanding Digital Asset RegulationHong Kong SFC Issues First Crypto Licenses of 2025 to Two Exchanges
The Hong Kong Securities and Futures Commission (SFC) has issued its first operational licenses of 2025 to two crypto exchanges, PantherTrade and YAX, bringing the total to seven since mid-2024. The regulator aims to ensure investor protection while fostering the virtual asset ecosystem, having registered ten exchanges under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance since 2020. Currently, only four cryptocurrencies—Bitcoin, Ether, Avalanche, and Chainlink—are legally traded in Hong Kong.
about Hong Kong SFC Issues First Crypto Licenses of 2025 to Two ExchangesHashKey Europe Secures VASP License in Ireland Under MiCA Framework
HashKey Europe has secured a Virtual Asset Service Provider license from Ireland’s Central Bank, enabling it to offer regulated crypto services in line with the MiCA framework and AMLD5 compliance. This milestone supports the company’s global expansion and aligns with Ireland’s commitment to fostering secure financial innovation. Derville Rowland emphasized MiCA’s role in standardizing EU practices and enhancing the authorization process for crypto firms.
about HashKey Europe Secures VASP License in Ireland Under MiCA FrameworkVitalik Buterin Sells Memecoins Sparking Price Rallies and Charitable Donations
Vitalik Buterin has liquidated $1 million worth of memecoins, selling 28 tokens that sparked significant price rallies for some, including Estee, which surged 112%. While his sales have previously led to price drops, recent trends show that they can also trigger wild increases. Buterin plans to donate the proceeds to charity, continuing his practice of using funds from these sales for philanthropic efforts.
about Vitalik Buterin Sells Memecoins Sparking Price Rallies and Charitable Donations