Crypto Scandal Buried: Argentina's President Abruptly Ends $250M Libra Investigation

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• Cryptocurrencies: 15.83M

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📈 Preview On Today’s News:

1. - Crypto Scandal Buried: Argentina's President Abruptly Ends $250M Libra Investigation

2. - Hawk Tuah Coin Catastrophe: Meme Star Admits Crypto Ignorance After $475M Crash

3. - Bitcoin Bet Backfires? Metaplanet Becomes Japan’s Most Shorted Stock

Keep reading below for more!

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Today’s News:

1)

Crypto Scandal Buried: Argentina's President Abruptly Ends $250M Libra Investigation

Argentina's President Javier Milei has unexpectedly terminated the government's internal investigation into the Libra cryptocurrency scandal, dismantling the three-month-old task force assigned to uncover alleged irregularities. The probe had aimed to examine Milei's and his sister Karina Milei's involvement in promoting the now-defunct token, which caused investor losses estimated at $250 million after a meteoric rise and crash. A decree signed by both Milei and Justice Minister Mariano Cuneo Libarona declared the agency’s mission complete, despite no public findings or court proceedings. Meanwhile, a separate congressional committee remains inactive, with key ministers refusing to comply with judicial summons.

• President Javier Milei disbanded the crypto task force investigating his ties to the failed Libra token, cutting short a probe into $250 million in investor losses.

• The abrupt shutdown came via presidential decree, leaving Argentina’s congressional committee stalled and raising concerns about transparency and accountability.

2)

Hawk Tuah Coin Catastrophe: Meme Star Admits Crypto Ignorance After $475M Crash

Viral internet personality Haliey Welch, known for the “Hawk Tuah” meme, has publicly admitted she didn’t understand cryptocurrency when launching her now-failed meme coin, $HAWK. Speaking on her podcast Talking Tuah, Welch revealed she was paid only a marketing fee and had no involvement in the coin’s financial structure. The Solana-based token skyrocketed to a $500 million market cap before crashing 95% within hours, sparking a lawsuit over its alleged unlawful promotion. Welch expressed remorse, saying she trusted the wrong people and regrets leading fans into a financial trap. The SEC has since closed its investigation into her involvement, and she has cut ties with the project.

• $HAWK coin soared to $500M market cap before crashing 95%, prompting a lawsuit and major investor losses.

• Haliey Welch admits she had no crypto knowledge and regrets misleading her followers, despite only receiving a marketing fee.

3)

Bitcoin Bet Backfires? Metaplanet Becomes Japan’s Most Shorted Stock

Metaplanet, a Japan-based firm aggressively accumulating Bitcoin, is now the most shorted stock in the country, despite a 121% monthly price surge. Under CEO Simon Gerovich and Bitcoin Strategist Dylan LeClair, Metaplanet has amassed 2,888 BTC—worth over $196 million—drawing comparisons to MicroStrategy’s bold crypto playbook. Hedge funds have taken aim, betting against the firm's Bitcoin-heavy strategy, but Gerovich argues such shorting is misguided amid record trading volumes and continued crypto purchases. The move has amplified market attention, with potential for regulatory scrutiny as the debate intensifies over Bitcoin's role in corporate treasuries.

• Metaplanet now holds 2,888 BTC and is Japan’s most shorted stock, despite a 121% surge in share price, reflecting intense hedge fund skepticism.

• CEO Simon Gerovich challenges the logic of shorting Bitcoin exposure, suggesting strong momentum and drawing parallels to MicroStrategy's earlier strategy.

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