February 15, 2025 05:38:58 UTC
LIBRA Crashes 85% Amid $87.4M Sell-Off
According to Bubblemaps, the team behind the LIBRA token, which the Argentine president promoted, has reportedly sold and withdrawn around $87.4 million worth of USDC and SOL. This development correlates with an 85% drop in LIBRA’s value. Additionally, data shows that the Top100 holders purchased LIBRA at an average price of $1.6, leaving them at a loss of more than 56%. Many investors are now closely monitoring the token’s future trajectory and seeking clarity on the situation, awaiting further updates.
February 15, 2025 06:41:09 UTC
Washington Unites on Crypto Policy Amid New Legislative Push
Crypto policy is now a top priority in Washington, with coordinated efforts underway. The @SECGov crypto task force, @CFTC pilot program, Presidential Working Group, and Bicameral Working Group for Digital Assets in Congress are in active dialogue. @BoHines recently met with @HesterPeirce and Acting CFTC Chair @CFTCpham, and engaged industry reps from @BlockchainAssn and @DigitalChamber. Discussions cover regulation, ETF staking, tokenized assets, and stablecoin collateral. House and Senate leaders, including @RepFrenchHill and @RepBryanSteil, are working in lockstep on new legislation.
February 15, 2025 11:57:46 UTC
Coinbase Teams with Aston Martin F1 in USDC Deal
Aston Martin Aramco Formula One Team has sealed a groundbreaking multi-year sponsorship with Coinbase, fully settled in USDC stablecoin—a first in F1 history. This deal, featuring Coinbase branding on the AMR25 car and drivers’ suits, reflects a shift toward blockchain-driven partnerships. Coinbase VP Gary Sun emphasized the alignment with F1’s tech-driven ethos. While financial terms remain undisclosed, the move showcases crypto’s growing role in sports sponsorships, highlighting the efficiency and stability of USDC in high-profile transactions.
February 15, 2025 11:57:46 UTC
Tether Invests in Juventus, Boosting Crypto’s Role in Sports
Tether Investments has acquired a minority stake in Juventus, marking a significant move to integrate digital assets into mainstream sports. CEO Paolo Ardoino emphasized plans to merge stablecoins, AI, and biotech with the sports industry for global innovation. While financial details remain undisclosed, the news triggered a surge in Juventus’ fan token (JUV), which doubled in value. Other major soccer fan tokens also saw price gains. This deal reinforces crypto’s growing presence in sports sponsorships, despite setbacks from past market downturns, signaling renewed momentum in blockchain-driven partnerships.
February 15, 2025 11:57:46 UTC
NYSE Seeks SEC Approval for Ethereum ETF Staking
The New York Stock Exchange has filed a request with the SEC to allow staking services for Grayscale’s Ethereum ETFs, aiming to offer additional rewards to investors. If approved, holders of Grayscale Ethereum Trust and Mini Trust could earn staking yields of 3-4% APY. The filing argues that this model does not violate securities laws, differing from traditional staking services classified as securities. Bloomberg analyst James Seyffart predicts a decision by Q4 2025. This move follows similar filings from CBOE, reflecting growing interest in integrating staking into regulated ETFs.
