Argentine President Javier Milei Accused of Fraud in LIBRA Token Scandal
According to The Block, Argentine lawyers have filed a lawsuit against the country's president, Javier Milei, for alleged fraud in connection with his involvement in the LIBRA token project, a scandal that escalated after it broke out over the weekend when the token's value plummeted 95% after Milei's initial promotion. "This illegal group committed a fraud in which the president's actions played a key role," said plaintiff Jonatan Baldiviezo. Another plaintiff, Claudio Lozano, is an economist who once served as president of Argentina's central bank; a lawyer and an engineer have also joined the lawsuit. The judge in the case may be appointed as early as tomorrow. Milei denied prior knowledge of the token project and insisted that he was innocent in the scandal. His government announced yesterday that it would launch its own investigation into the token project, while his political opponents called for an impeachment trial. A translation of his announcement said: "Given the facts, President Javier Milei has decided to immediately involve the Anti-Corruption Office (OA) to determine whether there has been any misconduct by any member of the national government, including the president himself." Hayden Davis, an advisor to the project, accused Milei of withdrawing its support for the project, causing the price to fall and investors to lose confidence.
Cantor Fitzgerald purchased more than $1 billion worth of MSTR shares in Q4 last year
According to Bitcoin News, bond trading giant Cantor Fitzgerald, under the previous leadership of Howard Lutnick, purchased more than $1 billion worth of MicroStrategy (MSTR) shares in the fourth quarter of 2024, making it the company's largest shareholder. The average purchase price was $229, and the value of these shares has now risen by 47%. Lutnick is currently the head of US President Trump's newly established sovereign wealth fund and also serves as Secretary of Commerce.
Later in the day, it was reported that JPMorgan Chase increased its stake in MSTR by $100 million ; the California State Teachers' Retirement System doubled its stake in MSTR and is currently worth $83 million .
Regarding the LIBRA token, Jupiter, a decentralized exchange in the Solana ecosystem, said on the X platform: "A few members of the team learned directly from Kelsier Ventures about two weeks ago that at some point, there would be a token project related to Argentine President Javier Milei. Although we were skeptical at first, we then saw credible evidence on Twitter from Milei's personal account that he was serious about this. That's all we know. We are completely unaware of the transactions between Milei and the market makers, and have never participated in any form." Jupiter also stated that in the meme coin circle, the news that an "Argentine coin" is about to be issued has long been an open secret, but adhering to its principle of confidentiality, Jupiter has never disclosed this to anyone, either online or offline. In addition, no one in the team has ever received any LIBRA tokens or related rewards. The developers of Jupiter products have never known the date, time or contract address (CA) of the issuance in advance. Only Meow himself learned about it on the day of issuance, but he did not know the contract address or specific time, and had never participated in it in any way. Ben from Meteora learned the contract address a few minutes before the release for verification, but did not share it with the Jupiter team until the information was made public. Jupiter neither verified the contract address in advance nor immediately, which is in stark contrast to the FUD circulating on Twitter. Instead, Jupiter waited for public confirmation from Milei's Twitter account and sufficient trading volume. In addition, Jupiter stated: "We take allegations of insider trading extremely seriously. We have conducted our own investigation and found no evidence of any scrambling by team members. If you have evidence that Jupiter employees leaked information or engaged in scrambling, please contact us directly."
Earlier yesterday, Jupiter said it had no direct financial interest in the $Libra and $Enron projects.
Changpeng Zhao: Hope to see more on-chain AI agent development, refuses to promote specific tokens
Binance founder Changpeng Zhao (CZ) said on the X platform that he is not trying to promote any specific AI agent token. But he hopes to see more on-chain AI agent development with real use cases. Real development usually happens after the hype has passed.
Earlier yesterday, CZ said that he heard that the BNB Chain team was making a video tutorial on how to create an on-chain AI agent.
Adam, a macro researcher at Greeks.live, wrote on the X platform that the most noteworthy macro news this week is the news from the United States and Europe about the war between Russia and Ukraine. The war between Russia and Ukraine has always been an important reason for the rise in commodity prices. If the relevant situation changes, it may cause a change in the overall inflation logic. In terms of encryption, this week is the opening of Consensus Hong Kong, and there are many related meetings. At the same time, FTX will begin to repay creditors, which are all worth paying attention to. The EU Crypto-Asset Markets Act (MiCA) has fully come into effect, and compliant exchanges such as Kraken have gradually removed stablecoins such as USDT from the European market. The encryption market continues to be sluggish, and Bitcoin continues to fluctuate below $100,000. The farce of Milai's issuance of coins has exacerbated the downturn of altcoins. The market's wealth-making effect is relatively weak, and the market is very pessimistic. In terms of options, the full-term IV continues to decline, and the month's at-the-money IV has fallen to 45%. Recently, it is mainly large-scale positions that are adjusted.
The account of ai16z founder X is suspected to be stolen, users should be cautious
According to community users, the X account of ai16z founder Shaw is suspected to have been hacked. Users should be cautious and not interact with suspicious links.
Later in the news, elizaOS said that the situation is under investigation and please do not interact with any suspicious links .
According to Cointelegraph, CoinGlass data shows that as of 10:35 am UTC on February 16, more than 70% of ETH options open contracts are bullish contracts. Nansen research analyst Nicolai Sondergaard said that bullish positions indicate that investors are cautiously optimistic about ETH's medium-term appreciation. However, although ETH has not yet seen a significant recovery in the current cycle, the price is still about 44% lower than the historical high of more than $4,890 three years ago (November 2021).
According to monitoring by ai_9684xtpa, the whale/institution 0x353...2Bf7f has accumulated 1.9 million $OM (about 14.45 million US dollars) recently, with a current floating profit of 1.877 million US dollars. The address has withdrawn $OM from Binance in batches since 2025.01.19, with an average price of 6.62 US dollars (current price is 7.62 US dollars). During this period, 260,000 $OM were transferred to a new address, but there was no selling of any tokens.
According to monitoring by ai_9684xtpa, the top individual holding whale 0x9de...f0960 has made a floating profit of $414,000 USD in just three days after opening a position in $SHELL, with a rate of return of 55.6%. He bought 2.09 million tokens at an average price of $0.3628 from February 14, with a total investment of $745,000. He currently holds 0.42% of the token chips and has never sold any tokens during this period.
According to Token Unlocks data, MURA, MELANIA, FTN and other tokens will be unlocked in large amounts next week, including:
- Murasaki (MURA) will unlock approximately 20 million tokens at 8:00 am on February 23rd (Beijing time), accounting for 2.00% of the current circulation, with a value of approximately US$85.4 million;
- Melania Meme (MELANIA) will unlock approximately 61.25 million tokens at 8:00 a.m. Beijing time on February 20, accounting for 40.83% of the current circulation, with a value of approximately US$81.5 million;
- Fasttoken (FTN) will unlock about 20 million tokens at 8:00 am Beijing time on February 18, accounting for 4.66% of the current circulation, with a value of about US$78.6 million;
- QuantixAI (QAI) will unlock approximately 565,700 tokens at 8:00 am Beijing time on February 18, accounting for 10.88% of the current circulation, with a value of approximately US$48.2 million;
- Metars Genesis (MRS) will unlock approximately 10 million tokens at 8:00 a.m. Beijing time on February 21, accounting for 11.87% of the current circulation, with a value of approximately US$29.2 million;
- Immutable (IMX) will unlock approximately 24.52 million tokens at 8:00 a.m. on February 21, Beijing time, accounting for 1.41% of the current circulation, with a value of approximately US$20.1 million;
- ApeCoin (APE) will unlock about 15.6 million tokens at 8:30 pm Beijing time on February 17, accounting for 2.16% of the current circulation and worth about US$11.4 million;
- Pixels (PIXEL) will unlock approximately 91.18 million tokens at 6:00 pm Beijing time on February 19, accounting for 11.83% of the current circulation, with a value of approximately US$6.3 million;
- SPACE ID (ID) will unlock approximately 18.49 million tokens at 8:00 a.m. Beijing time on February 22, accounting for 4.29% of the current circulation and worth approximately US$5.9 million;
- Echelon Prime (PRIME) will unlock approximately 750,000 tokens at 8:00 a.m. Beijing time on February 17, accounting for 1.37% of the current circulation and worth approximately US$5 million.
