❕ Milei Drops $LIBRA Endorsement After $107M Insider Dump

Argentina’s President Javier Milei deleted his $LIBRA token endorsement after insiders dumped $107M, causing a 95% crash from its $4.5B peak. Lookonchain identified eight team-linked wallets as key sellers.

Milei denied involvement, while KIP Protocol, associated with LIBRA, claimed no profits from the crash. The token now holds a $232M market cap, down sharply from its peak.

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📣 Wrapped AVAX Sees Increased Accumulation Despite Price Drop

Despite a 4.5% drop in price over the past 24 hours, Wrapped AVAX (WAVAX) has experienced a surge in accumulation, with 3,898 wallets increasing their holdings—nearly twice the recent average of 1,600. This trend, highlighted by on-chain data from TheTie, suggests growing confidence in WAVAX, even amid market weakness.

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🔥 TRUMP Solana Meme Coin Surges 40%, Outpacing XRP and Dogecoin

The TRUMP Solana meme coin has surged 40% in 24 hours, nearing a two-week high of $23, despite a general downtrend since its January peak of $73. Trading volume has skyrocketed to $5.5 billion, compared to under $1 billion earlier this week. XRP also jumped 13% to $2.79, marking its highest price since February 2.

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⚡️ Ripple Rebrands, Shifts Focus to Payments and Stablecoins

Ripple has rebranded, emphasizing cross-border payments, digital asset custody, and stablecoins while moving away from CBDCs. Its RLUSD stablecoin has already hit a $108.6M market cap with $3T in trading volume. The firm also partnered with Unicâmbio to enhance international transactions.

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🙏 Tether Acquires Minority Stake in Juventus Football Club

Tether Investments, the investment arm of stablecoin leader Tether, has purchased a minority stake in Juventus, one of Italy’s top soccer clubs. The move aims to bridge sports and digital assets, with CEO Paolo Ardoino highlighting plans to integrate blockchain, AI, and biotech into the sports industry. Following the news, the Juventus fan token (JUV) surged over 100%, while other soccer-related crypto tokens saw notable gains.

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✅ Aston Martin F1 Team Signs Multi-Year USDC Deal with Coinbase

Aston Martin Aramco Formula One has partnered with Coinbase, making the exchange its official crypto partner in a multi-year deal fully paid in USDC. Coinbase branding will feature on the AMR25 race car and drivers' suits, while Aston Martin explores onchain fan engagement initiatives. This marks Coinbase’s debut in F1 and signals growing crypto adoption in motorsports, following Bybit’s earlier partnership with Red Bull Racing.

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❕ Dave Portnoy Reveals New Details on $LIBRA, Returns 6M Tokens

Barstool Sports founder Dave Portnoy disclosed new insights into the $LIBRA token launch, stating he returned 6 million tokens after being advised not to disclose the gift. The project's advisor, Hayden Davis, allegedly shifted stance after Argentinian President Javier Milei withdrew his endorsement, triggering panic selling. Davis has pledged to use up to $100M from collected fees to buy and burn the token. Meanwhile, Milei faces impeachment threats and an anti-corruption investigation over his involvement.

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❕ Bubblemaps Links $LIBRA and MELANIA to Same Entity

Bubblemaps claims the same entity orchestrated both $LIBRA and MELANIA, with onchain data showing linked wallets engaged in sniping and profit-taking. $LIBRA’s collapse after $107M insider cashouts mirrors MELANIA’s January drop. Investigations are ongoing, with fraud allegations against President Milei.

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❕ Bitcoin Network Activity Drops 55% to 12-Month Lows

Bitcoin's 7-day transaction average has fallen to 330,000, down 55% from its peak. Speculative activity has shifted to Solana (memecoins) and Base (AI tokens), while Runes and Ordinals now make up just 1% of transactions, with fee revenue plunging to $20K from $60M. The network is reverting to monetary transfers, raising concerns about long-term fee sustainability.

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Tether Engages U.S. Lawmakers on Stablecoin Regulations

Tether, issuer of $USDT, is actively working with U.S. lawmakers to shape upcoming stablecoin regulations. Despite past scrutiny over transparency issues, CEO Paolo Ardoino stated that Tether aims to comply with new laws while ensuring its voice is heard. The company is engaging with policymakers on three proposed stablecoin bills, including the STABLE Act, which could require monthly audits and stricter reserve requirements. Lawmakers aim to finalize regulations by April.

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🙏 Analyst Defends Pi Network Amid Scam Allegations

Analyst Kim Wong has defended Pi Network, citing its global adoption, decentralized blockchain, and KYC compliance as proof of legitimacy. However, critics point to referral-based mining, past data breach claims, and regulatory risks. Despite skepticism, Pi coin has secured listings on OKX, Bitget, MEXC, and HTX, with rumors of a Binance listing fueling further speculation.

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Over $649 million worth of tokens are set to be unlocked this week.

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❕ FTX Begins $18B Repayments Tomorrow, Small Creditors to Get 120.5%

FTX will start repaying creditors on February 18, with claims under $50K receiving 120.5% within three days, while larger claims (up to 175%) begin in Q2 2025. 98% of BTC holders face losses due to a $20K cap, despite Bitcoin trading at $96,500. FTX raised funds through 41M SOL token sales, with Galaxy Digital leading purchases. The repayment process, overseen by BitGo, must be completed within 60 days.

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❕ Milei’s Crypto Scandal Isn’t His First

Argentinian President Javier Milei faces criminal charges over his promotion of $LIBRA, which surged to $4B before collapsing. This isn't his first crypto controversy—in 2021, he endorsed CoinX, an investment platform later shut down by regulators, leading to investor losses. Now, Milei faces lawsuits and impeachment calls, raising concerns over his credibility amid Argentina’s economic turmoil.

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📣 Hyperliquid Launches HyperEVM on Mainnet for Enhanced Programmability

Hyperliquid has launched HyperEVM on mainnet, introducing Ethereum-compatible smart contracts to its Layer 1 blockchain. The initial release supports spot transfers between native HYPE and HyperEVM HYPE, with ERC-20 transfers set for a future update. A bug bounty program has been introduced to ensure security. Hyperliquid’s perpetual swap trading volume reached $197.88B in January, far surpassing competitors.

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🔥 HK Asia’s 1 BTC Purchase Triggers 93% Stock Surge

HK Asia Holdings purchased 1 Bitcoin for $96,150 as a symbolic move toward digital asset adoption, causing its stock to surge 92.98% to HK$5.50. The purchase follows a leadership overhaul, with new executives signaling plans to explore Bitcoin investments, Web3, and financial innovation. While small, the move aligns with broader institutional Bitcoin adoption trends.

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💰 Trump’s TRUMP Token Airdrop Offers $50 to Supporters

Donald Trump’s TRUMP memecoin is offering a free airdrop of three tokens (~$50) to eligible supporters who purchased Trump-branded merchandise. The claim window closes on March 1. While aimed at boosting adoption, the move has drawn criticism from lawmakers accusing Trump and Musk of weakening consumer protections. Analysts remain divided on whether the airdrop will drive interest or increase selling pressure, as TRUMP has dropped 8% in 24 hours, continuing its decline from a $75 peak.

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❕ Abstract Chain Investigates Wallet Drains Linked to Cardex

Ethereum Layer 2 Abstract Chain is investigating wallet drain reports, with the issue seemingly linked to Cardex, an onchain fantasy game. Abstract assured users that this is not a network-wide breach but advised against interacting with Cardex for now. Users reported losses from a few hundred dollars to over $100K, sparking concerns and accusations of a rug pull. The investigation is ongoing.

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