Argentinian President Shares Scam Coin, $4.4B Wiped from Market

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• Cryptocurrencies: 11.41M

• Exchanges: 794

• Market Cap: $3.24T (+0.16%)

• 24h Volume: $101.33B (+3.73%)

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• Fear & Greed Index: 41 (Neutral)

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• Total DeFi Volume: $7.62B (7.52% of total market volume)

• Stablecoins Volume: $92.38B (91.17% of total market volume)

• Coin with Highest % Change: BABYBROC (+47.56%)

📈 Preview On Today’s News:

1. - Argentinian President Shares Scam Coin, $4.4B Wiped from Market

2. - Coinbase Partners with Aston Martin F1, Paid Entirely in USDC

3. - State Street & Citi Bank Enter Crypto Custody Market

Keep reading below for more!

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Today’s News:

1)

Argentinian President Shares Scam Coin, $4.4B Wiped from Market

Argentinian President Javier Milei unknowingly promoted the $LIBRA meme coin on X, claiming it was a private initiative to support Argentina’s economy. Within hours, the coin reached a $4.6 billion market cap before insiders cashed out $87.4 million, causing a collapse to $162 million. Concerns arose early as the project’s website linked to a suspicious Google Form and had a newly registered domain. After traders exposed the rug pull, Milei deleted his post, stating he was unaware of the project’s details. The collapse also impacted other tokens, with $TRUMP losing over $500 million in market cap.

• President Javier Milei unknowingly promoted the $LIBRA scam coin, which surged to $4.6 billion before insiders dumped $87.4 million, causing a massive crash.

• Following backlash, Milei deleted his post, claiming ignorance, while the crash also triggered a $500 million loss in $TRUMP’s market cap.

2)

Coinbase Partners with Aston Martin F1, Paid Entirely in USDC

Coinbase has secured a multi-year partnership with the Aston Martin Aramco Formula 1 team, marking the first time an F1 sponsorship has been paid entirely in the USDC stablecoin. As part of the deal, Coinbase branding will appear on the AMR25 race car’s halo and rear-wing end plates, as well as on the racing suits of drivers Fernando Alonso and Lance Stroll. Aston Martin’s Commercial Managing Director, Jefferson Slack, highlighted the partnership as a forward-thinking move, emphasizing trust in Coinbase’s leadership in digital finance. Coinbase’s VP of Marketing, Gary Sun, called the deal a milestone in promoting economic freedom and expanding crypto adoption in the sports industry.

• Coinbase becomes an official partner of Aston Martin F1, marking the first-ever Formula 1 sponsorship fully paid in USDC stablecoin.

• The partnership includes Coinbase branding on Aston Martin's F1 cars and driver suits, signaling a major step in integrating crypto with global sports sponsorships.

3)

State Street & Citi Bank Enter Crypto Custody Market

State Street and Citi Bank, two of the world’s largest financial institutions, are launching crypto custody services as traditional banks increasingly embrace digital assets. With State Street managing over $44 trillion and Citi holding $2.14 trillion in assets, their move follows the Federal Reserve's decision to let banks independently manage crypto-related services. The introduction of crypto ETFs in 2024 further paved the way for this expansion. Other major banks, including BNY Mellon, Standard Chartered, HSBC, and Crédit Agricole, are also advancing their crypto custody capabilities, signaling growing institutional adoption of digital assets.

• State Street and Citi Bank are launching crypto custody services, joining a growing number of traditional banks expanding into digital asset management.

• This move follows the Federal Reserve’s decision to allow banks to manage crypto services independently, with institutions like BNY Mellon and HSBC also expanding their custody offerings.

4)

Abu Dhabi’s Sovereign Wealth Fund Invests $436M in Bitcoin ETF

Abu Dhabi’s sovereign wealth fund has disclosed $436 million in Bitcoin ETF holdings, marking a significant move in institutional crypto adoption. The investment, revealed in an SEC filing, aligns with a global trend of sovereign funds embracing digital assets, with Norway, Singapore, Saudi Arabia, and Canada also increasing exposure to Bitcoin ETFs. The announcement follows the State of Wisconsin Investment Board’s $321 million allocation to BlackRock’s iShares Bitcoin Trust. With U.S. President Donald Trump signaling support for a federal sovereign wealth fund, speculation is rising that Bitcoin could become a key part of U.S. reserves.

• Abu Dhabi’s sovereign wealth fund has invested $436 million in Bitcoin ETFs, joining a growing list of nations increasing crypto exposure.

• The move follows the Wisconsin Investment Board’s $321 million BTC ETF purchase, fueling speculation that the U.S. may integrate Bitcoin into its own sovereign wealth fund.

5)

Wisconsin Investment Board Holds $321M in Bitcoin ETF

The State of Wisconsin Investment Board has disclosed a $321 million investment in BlackRock’s iShares Bitcoin Trust (IBIT) ETF, highlighting growing state-level adoption of Bitcoin as an institutional asset. This move follows Goldman Sachs' recent $1.27 billion investment in BTC ETFs and aligns with a broader trend of U.S. states considering Bitcoin reserve bills, which could inject up to $23 billion into the market. With pro-crypto policies under President Donald Trump and an anticipated bull market, institutional interest in Bitcoin ETFs continues to accelerate.

• Wisconsin’s State Investment Board has allocated $321 million to BlackRock’s Bitcoin ETF, reflecting increasing state-level institutional adoption of BTC.

• The investment aligns with a broader U.S. trend, with 20 states proposing Bitcoin reserve bills that could drive $23 billion in BTC purchases.

6)

Tether Acquires Stake in Juventus to Drive Sports-Tech Innovation

Tether has acquired a minority stake in Juventus, one of Italy’s most historic football clubs, marking a significant step in the integration of digital assets with sports. The investment, sourced outside of Tether’s short-term reserves, aims to foster innovative collaborations involving blockchain, artificial intelligence, and biotechnology within the sports industry. Tether CEO Paolo Ardoino emphasized the strategic move as a gateway for digital technology to enhance the sports sector. This development aligns with a growing trend of crypto firms and sports organizations forming partnerships to leverage emerging technologies and create new business models.

• Tether has invested in Juventus, aiming to merge blockchain, AI, and biotech with the sports industry for future collaborations.

• The partnership reflects the increasing integration of digital assets in sports, following similar moves by other crypto firms and major sports entities.

7)

Hong Kong’s Avenir Group Invests $599M in BlackRock Bitcoin ETF

Hong Kong-based family office Avenir Group has made a massive $599 million investment in BlackRock’s iShares Bitcoin Trust (IBIT), reinforcing institutional confidence in Bitcoin ETFs. This move comes amid increasing regulatory clarity and growing demand for Bitcoin exposure from high-net-worth investors. Hong Kong is rapidly positioning itself as a crypto hub, attracting institutional investments due to its progressive regulatory stance and strategic location. Avenir Group’s investment signals a broader trend of institutional adoption, with Bitcoin ETFs becoming a preferred gateway for traditional investors looking to enter the crypto market.

• Avenir Group invested $599 million in BlackRock’s Bitcoin ETF, highlighting growing institutional confidence in Bitcoin.

• Hong Kong is emerging as a major crypto hub, with increasing regulatory clarity driving institutional adoption of Bitcoin ETFs.

8)

Las Vegas Man Charged in $24M Crypto Ponzi Scheme

Brent Kovar, a Las Vegas resident, has been charged with defrauding over 400 investors out of $24 million through an AI-driven crypto mining scheme. Operating under the company Profit Connect, Kovar falsely promised fixed annual returns of 15-30% and a 100% money-back guarantee while misusing funds for personal expenses. He now faces 12 counts of wire fraud, three counts of mail fraud, and three counts of money laundering, carrying a potential sentence of up to 330 years in prison. The case is part of a broader crackdown on crypto-related Ponzi schemes, with the FBI reporting that its fraud prevention efforts saved victims approximately $285 million in the past year.

• Brent Kovar allegedly defrauded over 400 investors with false claims of guaranteed returns through his AI-driven crypto mining company, Profit Connect.

• Facing multiple fraud and money laundering charges, Kovar could receive up to 330 years in prison as authorities intensify crackdowns on crypto-related scams.

9)

Bybit Removed from France’s Blacklist, Eyes EU Expansion

Bybit has been officially removed from France’s financial regulator (AMF) blacklist after more than two years of working to meet compliance standards. This milestone marks a major victory for the crypto exchange, allowing it to regain access to the French market and boost credibility among European users. Bybit now aims to secure a Markets in Crypto-Assets (MiCA) license, which would enable it to operate across the entire EU under a unified regulatory framework. The move underscores the growing importance of regulatory compliance for crypto exchanges looking to expand their global presence.

• Bybit successfully met France’s regulatory requirements, leading to its removal from the AMF blacklist after more than two years.

• The exchange now plans to pursue a MiCA license, positioning itself for broader legal access across the European market.

10)

World Liberty Financial Expands Crypto Holdings with Major WBTC and MOVE Purchases 

World Liberty Financial has made significant acquisitions in the crypto market, purchasing 52.07 WBTC for $5 million and 2.53 million MOVE tokens worth $1.41 million. This move is part of the fund’s aggressive investment strategy, which has already seen over $300 million allocated to various digital assets since November. The latest purchases triggered immediate market reactions, with WBTC rising 2.3% and MOVE climbing 3.7%. On-chain data shows increased trading activity and investor interest, reinforcing bullish sentiment. Analysts suggest these large-scale acquisitions signal confidence in long-term price growth and market stability.

• World Liberty Financial added $6.41 million worth of WBTC and MOVE tokens to its portfolio, continuing its aggressive crypto investment strategy.

• The purchases drove immediate market reactions, with WBTC and MOVE prices rising as trading volume surged, indicating strong investor interest.

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