Michael Saylor Advises Pakistan on Crypto Strategy

MicroStrategy Executive Chair Michael Saylor met with Pakistan’s Finance Minister Muhammad Aurangzeb and State Minister for Blockchain and Crypto Bilal Bin Saqib to discuss Bitcoin’s potential in state reserves and Pakistan’s crypto policies. Saylor welcomed the opportunity to advise Pakistan, praising its business environment and intellectual potential. The meeting, reported by local media Dawn, underscores Pakistan’s growing focus on crypto adoption, with Saylor citing his company’s Bitcoin strategy as a model for national leadership in the space.

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Solana Faces Major Capital Outflow Amid Crypto Market Turmoil

In February 2025, Solana faced a significant capital outflow of $485 million as investors shifted towards safer digital assets amid rising market uncertainty. This trend was exacerbated by the historic $1.4 billion hack of Bybit and scandals involving memecoins, notably the Libra token, which led to a drastic price crash. As a result, Bitcoin’s market dominance increased, and short positions in Solana surged, reflecting a growing lack of confidence in the blockchain’s stability.

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Solana Experiences Significant Outflows as Investors Seek Safer Assets

Solana experienced $485 million in outflows in February as investors sought safer digital assets amid rising market uncertainty. Capital primarily shifted to Ethereum, Arbitrum, and the BNB Chain, coinciding with a 20% drop in total cryptocurrency market capitalization and a significant hack on Bybit. Stablecoins and real-world assets reached record highs as investors opted for more predictable assets in a turbulent environment.

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Solana Faces Major Decline Amid Market Turmoil and Memecoin Collapse

Solana (SOL) has plunged over 50% from its January peak of $293, hitting a five-month low of $132 amid a broader crypto market downturn. The collapse of the Libra memecoin, which lost 90% of its value shortly after a massive surge, has significantly shaken investor confidence. With network activity declining and the memecoin hype fading, Solana faces uncertainty as it struggles to maintain key support levels.

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Solana Cardano and Rollblock Compete for Record Highs in 2025

Solana and Cardano have faced recent challenges, with Solana’s price struggling around $173 due to declining network activity and Cardano showing minor gains at $0.78 amid a drop in trading volume. In contrast, the GameFi project Rollblock is gaining momentum, boasting over 50,000 players and a unique revenue-sharing model that could lead to significant price increases, with expectations of an 800% rise during its presale and potential 100x returns post-listing.

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FTX Begins Creditor Repayments Amid Upcoming Solana Token Unlock Concerns

FTX has initiated a creditor repayment program, distributing $1.2 billion to smaller claim holders as part of a total compensation plan estimated between $14.5 billion and $16.3 billion. However, many creditors may only recover a fraction of their original holdings, with repayments based on asset values at the time of FTX’s collapse. Additionally, 11.2 million SOL tokens are set to unlock on March 1, potentially impacting market dynamics.

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Argentina President’s Scandal Triggers Solana Cryptocurrency Selloff

The Solana cryptocurrency has plummeted to its lowest level since early November, losing approximately 25% of its market value since February 14. This decline follows scrutiny of Argentina’s President Javier Milei for promoting a memecoin called Libra, launched on the Solana blockchain, which is favored for its low fees and fast transactions.

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Insiders Profit Over 100 Million Before Memecoin Collapse in Argentina

Insiders profited over $107 million from the launch of LIBRA, a memecoin backed by Argentinian President Javier Milei, before its price collapsed. The token, intended to boost the Argentine economy, saw its market cap soar to $4 billion shortly after launch, but Milei later distanced himself from the project, claiming he was unaware of its details. Currently, LIBRA is trading 92% down from its all-time high.

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Scam Account Impersonates Bermuda Premier to Promote Fraudulent Token

A scammer impersonating Bermuda’s Premier David Burt created a fake profile on X to promote a fraudulent token, “Bermuda National Coin.” Despite Burt’s warnings and efforts to alert the platform, the account remains active, highlighting ongoing issues with verification controls.In a related incident, Argentine President Javier Milei distanced himself from the Libra token project after it plummeted over 95% shortly after launch, amid accusations of a $107 million rug pull. Milei stated he was unaware of the project’s details before retracting his support.

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LIBRA Token Plummets 85 Percent Amid Developer Cash Out Concerns

The LIBRA token, endorsed by Argentine President Javier Milei, plummeted 85% after its development team liquidated $87 million in USDC and SOL from liquidity pools. With 82% of its supply held by connected addresses, concerns over centralization have emerged, as top holders faced average losses exceeding 56%. The project, linked to KIP Network Inc., aims to bolster Argentina’s economy by supporting local businesses.

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