The President of Argentina promoted and then collapsed the LIBRA memecoin. Kuna announced the delisting of hryvnia, Tether, and other currencies. OpenSea launches airdrop. Fraud in the crypto sphere has reached $9.9 billion

LIBRA: How the Argentine president’s tweet spiked and then collapsed the token’s exchange rate by 99% 

On February 14, 2025, Argentine President Javier Milay published a post on X in which he endorsed the LIBRA memecoin. His statement caused a stir among investors: trading activity skyrocketed, the token’s value reached $4,978, and capitalization reached $6 billion. But just a few hours later, the price collapsed to $0.99. 

LIBRA is a memecoin launched on the Solana blockchain. The developers were convinced that the project would help Argentina’s economy by funding startups. However, after the president’s promotional post, many experts suspected a pump-and-dump scheme, in which the price of an asset is artificially inflated, and then the founders or insiders sell their stakes, thus crashing the market. 

Analysts found out that the token creator received money from an exchange that does not require identity verification (KYC). Suspicions were soon confirmed — eight wallets associated with the project withdrew more than $107 million in cryptocurrency from the LIBRA ecosystem. 

The Argentine president deleted his publication. He later explained that he supported the project as a private initiative without going into details. However, after studying the situation, he decided to stop promoting it. 

Participants of the crypto community criticized speculation around memecoins and called for bringing those responsible to justice. Some investors’ losses reached the sums of $2-$2.2 billion. The scandal once again raised the issue of regulation of the crypto market and the risks of investing in memecoins, especially those associated with politicians. Argentina’s opposition party has decided to launch impeachment proceedings against the president. 

OpenSea combines NFT with cryptocurrencies and launches airdrop 

OpenSea, the largest marketplace for NFT trading, is launching a beta version of its updated OS2 platform. Users will now be able to buy digital collections and cryptocurrencies, as well as make transactions between different blockchains. 

The new OS2 platform promises to simplify trading:  

1. The commission for selling NFT has been reduced to 0.5%, and the commission for exchanging items has been reduced to 0%. 
2. The platform supports 14 blockchain networks, including Ethereum, Soneium (developed by Sony), and the recently launched Berachain. 

The launch of OS2 was a response to market changes. According to analysts, OpenSea’s monthly trading volume has fallen from a record $5 billion in early 2021 to $190 million in January 2025. Experts believe that expanded functionality will help the platform regain its leadership.  

Along with the update, OpenSea announced airdrop and the release of its SEA token. The details of the giveaway have not yet been disclosed, but it is known that the reward system is designed for long-term participation rather than short-term speculation.