Keep up the curve with News that you have lost this week!
In this edition, we bring you the main stories that flew under the radar. Put up a day in minutes and stay informed with the stories that matter the most.
The president of Argentina, Milei, distances himself from Libra Memecoin after 90% accident
Argentine president Javier Milei is recoil On its support of the memecoin of Libra, based in Solana, after its market capitalization, it collapsed from $ 4.5 billion to $ 200 million in a matter of hours.
- Milei had promoted Token in his official X account, claiming that he was aimed at supporting Argentina’s economy by financing small businesses.
- However, chain data revealed That privileged information charged $ 107 million shortly after the launch, which caused accusations of a carpet pull. After the accident, Milei eliminated his post and declared that “he was not aware of the details.”
The Bubblemaps analysis firm found that 83% of the supply of Libra concentrated on a small group of wallets, which fed concerns about manipulation.
Meanwhile, KIP Protocol, a web3 associated with the project, denied Profiting of mass sale and insisted that it still plans to use funds as originally intended.
Token market capitalization is now $ 232 million, 95% less than its peak.
Bitcoin network activity falls to a minimum of 12 months as transactions fall 55%
Bitcoin network transactions have hit A minimum of 12 months, with the 7 -day mobile average falling to 330,000, a 55% decrease from the peak of 730,000.
- The deceleration occurs when the speculative interest changes to other blockchain ecosystems, particularly solana for memecoras and base for tokens related to AI.
Transaction rates have stabilized around $ 500,000 per month, reflecting the congestion of the lower network.
Protocols such as runes and ordinals, which previously boosted the activity of the Bitcoin network, now represent only 1% of transactions.
- The generation of Runes rates has collapsed from $ 60 million to the launch to less than $ 20,000 in the last month.
Bybit deleted from the French blacklist, looks for the Mica license for the expansion of the EU
Bybit has been remote From the blacklist authorité des marches (AMF) of France, marking a regulatory victory for the exchange of cryptocurrencies. The platform had been on the blacklist since May 2022 for breach, but no longer appears in the list of unauthorized companies of AMF.
CEO Ben Zhou said in X:
Bybit recently left the French market due to the increase in regulatory scrutiny, but now it is looking for a market in the Crypto-Asssets (MICA) regulation license to legally operate throughout the European Union.
Cardano’s ada was recovered 11% in ETF presentation on grays
The Cardano Ada increased by 11% between June 11 and June 12 after gray scale investments were applied to list the first spot coed (ETF) fund in the New York Stock Exchange. The movement exceeded Bitcoin and Ether, with Ada reaching $ 0.80 even though it still decreased 36% since its December peak.
However, the approval remains uncertain since the CME has not yet listed Ada’s futures, a key factor in previous ETF spot approvals for Bitcoin and Ether.
Elon Musk’s name change triggers 127% of the wave in Harrybolz Token
Elon Musk’s decision to change his profile name X to “Harry Bōlz” sent The Harrybolz Token Raise 127% against Sol. Despite not having a known connection with Musk, the Token saw its market capitalization increase to $ 17.35 million, with a negotiation volume of 24 hours of just over $ 4 million , according to GECKO Terminal.
Blockchain Lookonchain’s analysis firm reported that a wallet called “LeBron” benefited $ 1 million of sudden price increase.
This article is published in bitpins: Crypto News that may have lost this week | February 15, 2025
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