LIBRA Jumps 30% After Argentina Report Accuses Backers of Rug Pull

Published at 2025-11-19 08:45:24

LIBRA jumped more than 30% on Wednesday despite a damning 200-page report from Argentina’s Congress that accuses the token’s backers and their political allies of engineering a coordinated rug pull. The sharp upside move appeared driven by heavy buying and possible short-covering, a sign that speculative flows can overpower negative fundamentals in the near term.

The episode underscores increased volatility and political risk for tokens tied to influential actors. The congressional findings raise the prospect of legal action, exchange scrutiny and regulatory responses that could pressure liquidity and price down the line. Traders and holders should be prepared for headline-driven swings as investigators and policymakers assess next steps.

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Coinbase said it is collaborating with leading U.S. banks on stablecoin projects and pilot crypto services, with CEO Brian Armstrong noting banks are "leaning into this as an opportunity." The move reflects a growing, if cautious, Wall Street interest in crypto infrastructure.

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Published at 2025-12-03 19:45:15

BlackRock Sells $135M in Ethereum Despite 24‑Hour Market Rebound

BlackRock has offloaded roughly $135 million worth of Ethereum even as the broader crypto market posted a sharp rebound over the past 24 hours. The move underscores continued institutional selling pressure amid a tentative rally.

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Published at 2025-12-03 19:00:20

Revolut Adds Solana Support, Unlocking Access for 65M Users

Revolut has added full Solana network support, enabling SOL transfers and withdrawals for its roughly 65 million users after previously allowing only in-app trading.

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Published at 2025-12-03 18:45:13

Polymarket Relaunches in U.S. After CFTC Approval

Polymarket announced its U.S. return after the Commodity Futures Trading Commission approved it to operate as an exchange, marking a major regulatory milestone for prediction markets. The relaunch comes amid rising user interest and participation in event-based trading.

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Published at 2025-12-03 17:15:09

Dogecoin Activity Surges 10,187%, Ending Five-Day Slide

Dogecoin activity jumped 10,187%, snapping a five-day losing streak and producing a sharp rebound in Tuesday’s session. The move signals renewed retail interest and heightened volatility for the memecoin.