February 18, 2025 10:30:58 UTC
Solana Memecoins in Crisis After LIBRA Implosion
The LIBRA token, recently dubbed a rug pull, has further tarnished Solana’s memecoin ecosystem, according to Galaxy Research. Following liquidity issues triggered by the TRUMP token in January, LIBRA’s launch coincided with a steep decline in Solanaโs value and a 90% drop from its $4.5 billion market cap peak. Despite endorsement from Argentinaโs President Javier Mileiโand even impeachment threatsโLIBRAโs creator, Hayden Davis, maintained it wasnโt a rug pull, but a plan gone awry with $100 million held in his custody.
February 18, 2025 10:24:12 UTC
OKX Secures MiCA License, Launches Regulated Crypto Trading Across Europe
OKX is among the first MiCA-licensed crypto exchanges to passport its services across Europe, offering fully regulated, localized crypto trading in the European Economic Area (EEA). Now available to over 400 million users in 28 countries via its Malta hub, users benefit from OTC, spot and bot trading, 240+ tokens, 300+ pairs including over 60 EUR pairs, free EUR deposits, multi-lingual support, local payment methods and more. This milestone under MiCA licensing heralds truly secure, accessible crypto trading for Europe.
February 18, 2025 07:12:36 UTC
South Korea Halts DeepSeek Downloads Over Data Privacy Concerns
South Koreaโs Personal Information Protection Commission (PIPC) has halted new downloads of the Chinese-developed DeepSeek app from local app stores. Following concerns over the appโs data handling and its ChatGPT-like chatbot launched on Jan. 27, DeepSeek agreed on Feb. 15 to suspend downloads and work with regulators. The PIPC will conduct on-site inspections to ensure the app complies with domestic privacy laws and will advise existing users to exercise caution until the investigation is complete.
February 18, 2025 06:36:16 UTC
Ethereumโs Pectra Upgrade Fuels Massive Inflows into Ether ETFs
Investors have shifted focus to ether ETFs amid expectations that Ethereumโs upcoming Pectra upgrade will boost the cryptocurrency. U.S.-listed ether spot ETFs recorded a net inflow of $393 million this month, while bitcoin ETFs experienced $376 million in outflows. Traders are employing carry trading strategies, betting on improvements from the April 8 upgrade, which aims to enhance Ethereumโs execution and consensus layers. Despite ETH trading between $2,600 and $2,800 following an earlier crash, analysts remain optimistic about its resurgence potential.
February 18, 2025 06:21:14 UTC
Javier Mileiโs Future as President in Jeopardy
Argentine President Javier Milei faces rising political turbulence following the failed $LIBRA launch. Polymarket odds place a 20% chance of his ouster in 2025, reflecting surging public dissatisfaction. Critics blame flawed digital currency policies and unmet economic promises, fueling widespread discontent. Mileiโs supporters, however, believe he can weather the crisis by pivoting swiftly on fiscal reforms. As skepticism mounts, global observers question whether Mileiโs administration can restore confidence and national stability or if political pressures will force an early departure.
February 18, 2025 06:09:26 UTC
Grok 3: Elon Musk Debuts xAIโs Next-Gen Chatbot in Live Demo Tuesday
Billionaire Elon Musk announced that xAIโs Grok 3, his advanced AI chatbot and ChatGPT challenger, will debut in a live demo at 9:30 AM IST on Tuesday, February 18. Dubbed the โsmartest AI on Earth,โ Grok 3 is powered by the Colossus supercomputer with over 100,000 Nvidia GPU hours and employs reinforcement learning to reduce hallucinations. Developed in eight months following Grok 2, the launch comes amid expectations of significant funding and a projected $75 billion valuation amid growing competition.
February 18, 2025 06:05:32 UTC
Javier Milei Under Investigation Over Collapsed LIBRA Token
Argentine Judge Marรญa Servini has launched a fraud investigation into President Javier Milei over his promotion of the now-collapsed Solana-based LIBRA token. Lawyers accuse Milei of endorsing LIBRA before its value crashed by 95%, causing millions in losses. Blockchain analysis links the tokenโs creators to previous failed crypto projects. Mileiโs office denies involvement in development, but critics label the episode โCryptogate.โ While Milei says heโs innocent, parallel investigations by the Anti-Corruption Office continue, rattling Argentinaโs markets. Minister calls crypto risky.
February 18, 2025 05:15:25 UTC
Pi Network Launches Community Poll on Binance Listing
Pi Network has opened a public poll inviting community members to decide whether Pi should be launched on Binance. Participants must cast a single voteโโYesโ or โNoโโand provide comments. According to organizers, the vote will remain open from February 17, 2025, at 14:45 (UTC), until February 27, 2025, at 23:59 (UTC). This poll aims to gather opinions on Piโs potential presence on one of the worldโs leading cryptocurrency exchanges. Votes cannot be changed after submission. Final results will be disclosed.