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 CEO Brian Armstrong said there is no clash with the White House and that talks remain ongoing as the industry works on proposals tied to the CLARITY market-structure bill. The focus is on ways to support community banks' role in crypto.

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Published at 2026-01-18 00:15:08

Georgia Orders Shutdown of Unlicensed Crypto ATMs

State authorities ordered Virtual Assets LLC to cease operations after the firm failed to demonstrate it was an authorized money transmitter. The action removes access to the company’s ATM network while regulators assess compliance.

Crypto ATMsRegulationVirtual Assets LLCGeorgiaCompliance

Published at 2026-01-17 21:45:06

Defiance Closes Ethereum ETF After Only Four Months

Miami-based Defiance ETFs announced Thursday it will close its Ethereum ETF after just four months on the market. The abrupt decision underscores mounting pressure in the competitive spot-ETH ETF landscape.

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Published at 2026-01-17 18:15:09

Fed to Inject $55B in T-Bill Purchases, Boosting Crypto Market Optimism

The Federal Reserve will buy $55 billion in Treasury bills as it resumes expanding its balance sheet, fueling hopes that added liquidity could support a crypto market rally. Traders and analysts say the move may ease financial conditions and lift risk assets, including Bitcoin and Ethereum.

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Published at 2026-01-17 17:15:05

Texas, New Hampshire Lead U.S. Race to Put Bitcoin on State Balance Sheets

Texas and New Hampshire are among a growing number of U.S. states moving to add Bitcoin (BTC) to their balance sheets as Congress advances a federal crypto market structure bill. The actions signal rising state-level appetite for digital-asset exposure and could shape wider treasury practices.