💸 How Javier Milei Became the Face of the $4.5B LIBRA Scam

GM Defiers!

Argentine President Javier Milei faced intense scrutiny after an X post sent the LIBRA token soaring—only for it to collapse soon after. In other news, the crypto market rebounded as Trump’s tariff stance boosted investor confidence.

BNB Chain also overtook Solana in daily transaction fees for the first time since October 2024, hitting $5.8 million as memecoin activity surged. Elsewhere, Arthur Hayes argues that Donald Trump’s memecoin, TRUMP, could upend politics.

✍️ In today’s newsletter:

How Javier Milei ended up as the face of the $4.5B LIBRA scam
Pig butchering crypto scams surged nearly 33% in 2024
Arthur Hayes says Trump’s memecoin could disrupt politics
Two Estonians plead guilty to running $577M crypto scheme
LIBRA token soars to $4B market cap minutes after Milei X post
Vitalik Buterin calls for 10x increase in Ethereum’s gas limit
Tariff clarity calms investors, sparking crypto market rebound
BNB Chain surpasses Solana in daily transaction fees
Liquity Protocol records millions in outflows after disclosing bug
XRP jumps as SEC acknowledges Grayscale’s ETF application
Akash Network founder reveals plan to scale GPU supply
Polymarket volume dips in February

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💸 How Incompetence and Greed Led Argentina’s Javier Milei to Become the Face of the $4.5B LIBRA Scam

On Valentine’s Day, Argentina’s President Javier Milei become entangled in the $4.5 billion LIBRA scam. Milei promoted the token on X before quickly backtracking following the token’s collapse.

🏷️ Pig Butchering Crypto Scams Rose By Nearly 33% in 2024: Chainalysis

Pig butchering crypto scams surged 33.2% in 2024, raking in a massive share of the $9.9 billion lost to crypto fraud, according to Chainalysis.

✍️ Arthur Hayes Argues Donald Trump’s Memecoin Will Upend Politics

BitMEX founder Arthur Hayes says Donald Trump’s memecoin, TRUMP, will revolutionize politics by serving as a real-time global opinion poll and boosting campaign engagement.

👩‍⚖️ Two Estonians Plead Guilty to Running $577M Crypto Ponzi Scheme

Two Estonian nationals have pleaded guilty to running a $577 million crypto fraud scheme through their fake mining service, HashFlare, the DOJ announced.

💲 LIBRA Token Soars to $4B Market Cap Minutes After Milei X Post

Argentine President Javier Milei’s X post endorsing LIBRA sent the token’s market cap soaring past $4 billion within 30 minutes.

🔇 Vitalik Buterin Argues for 10x Gas Limit Hike on Ethereum

Ethereum co-founder Vitalik Buterin is pushing for a 10x increase in the blockchain’s gas limit, arguing it would boost censorship resistance and lower fees.

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