Argentina plans to impeach its president, US senator calls Musk a bank robber

Headline

▌Market news: Argentine opposition intends to impeach President Javier Milei, accusing him of promoting cryptocurrency rug pull

According to market news, the Argentine opposition threatened to impeach President Javier Milei, accusing him of promoting cryptocurrency rug pull, causing the token's market value to plummet from $4 billion to $418 million in a few hours.

▌US Senator Warren called Musk a "bank robber" and accused him and Trump of disbanding the CFPB to gain financial control

US Senator Elizabeth Warren called Musk a "bank robber" and accused him and the Trump administration of disbanding the Consumer Financial Protection Bureau (CFPB) to gain financial control.

Market

As of press time, according to Coingecko data:

BTC's latest transaction price is $97,577.57, with a daily increase or decrease of -0.2%;

ETH's latest transaction price is $2,694.56, with a daily increase or decrease of -1.0%;

BNB's latest transaction price is $661.37, with a daily increase or decrease of +0.2%；

SOL's latest transaction price is 194.03 US dollars, and its intraday increase or decrease is -2.4%；

DOGE's latest transaction price is 0.2722 US dollars, and its intraday increase or decrease is -1.6%；

XPR's latest transaction price is 2.79 US dollars, and its intraday increase or decrease is +0.5%.

Policy

▌Solayer founder: LIBRA token creator has laundered more than $15 million, reported to the police and will investigate to the end

Solayer founder Chaofan Shou posted on social media, "The market maker/creator of the LIBRA token is directly related to Arunkumar Sugadevan and another Indian serial pool withdrawal scammer, questioning whether Kelsier Venture outsourced the token issuance to an Indian company. By tracking the flow of funds through time series analysis, we found that the creator of the LIBRA token is also an insider of the MELANIA and ENRON tokens, and is a developer of the OG.FUN project, and has laundered more than $15 million. No matter where you are on the planet, I will investigate to the end. I hope Kraken and Binance will help freeze the relevant funds. The police have been reported, RUG is RUG, whether you decide to return the funds or not." Note: Yesterday, Solayer founder Chaofan Shou Shou posted on social media that he and Solayer engineer @tonykebot lost more than $2 million on LIBRA. He also posted a list of core members of KIPProtocol, the team behind LIBRA (available on the official website), and wrote "Let's see what two hackers and a free weekend can bring us". Today, KIP Protocol posted on X that the issuance and market making of LIBRA tokens are entirely the responsibility of Kelsier Ventures and the project's initiator Hayden Davis.

▌Musk's Government Efficiency Department Begins to Lay Off Employees of the US Federal Information Technology Department

Market News: Musk's Government Efficiency Department Begins to Lay Off Employees of the US Federal Information Technology Department.

Blockchain Applications

▌BNB Chain releases optimization plan to cope with traffic surge, and will prioritize Meme coin transactions

On February 16, BNB Chain released its first optimization plan designed to cope with traffic surge. The team observed that during peak traffic periods, many transactions were not included in the block in time. This means that even if users increase gas fees (transaction fees) to speed up transactions, they may not get the priority they expect. While there are many potential contributing factors, a key issue is that validator nodes do not always prioritize blocks with the highest overall value (i.e., the most profitable blocks based on transaction fees). The current design of BNB Chain prioritizes getting all transactions on-chain as quickly as possible, thereby minimizing the average waiting time in the mempool. This approach is suitable for most typical use cases. However, it is not the best choice for fast-paced, high-risk Meme coin transactions, where small price fluctuations can have a significant impact. Therefore, the team is refining strategies to prioritize block value, especially when processing critical transactions. In other words, it will give higher priority to transactions that interact with time-sensitive (Meme coin) contracts. This upgrade will introduce a short waiting period before the block is sealed, as long as there is enough time within the 3-second block window. This will allow validators to collect more bids, increase the chances of incorporating the best bid and improve overall block construction performance, especially during peak network activity. This change also provides more time for bid collection, which may lead to more efficient block construction.

Cryptocurrency

▌Addresses associated with LIBRA token issuance currently hold over $100 million in USDC and SOL

According to Arkham monitoring data, 70% of LIBRA's supply is held in 2 addresses, while 15% of the supply is deposited directly into Meteora LP by developer addresses. Developer addresses have collected over $20 million in transaction fees from these deposits. In addition, 7 different addresses received a total of 60 million LIBRA tokens from deployers - each address deposited LIBRA into a liquidity pool and later withdrew SOL/USDC. Addresses associated with the LIBRA token issuance currently hold over $100 million in USDC and SOL, which have been withdrawn from liquidity in the past 18 hours and have mostly been moved to separate holding addresses. LIBRA-related accounts currently hold $57.6 million in USDC and $48.6 million in SOL.

▌Nearly 4,000 wallets increase their holdings of Wrapped AVAX

According to on-chain data provided by Tie, 3,898 wallets increased their WAVAX holdings, higher than the recent average of 1,600 wallets. Although the price of Wrapped AVAX (WAVAX) has fallen by more than 4% in the past 24 hours, the accumulation of wallets on the Avalanche blockchain has surged.

▌Former CFTC Chairman: Bitcoin's scarcity leads to its rapid appreciation

According to Cointelegraph, former U.S. Commodity Futures Trading Commission (CFTC) Chairman Chris Giancarlo said: "Bitcoin's design has determined its scarcity. You can never have more than a certain number of Bitcoins. Bitcoin is appreciating rapidly."

▌CoinGecko co-founder: The crypto market minted 600,000 new tokens in January

Bobby Ong, co-founder of CoinGecko, said that the crypto market saw a surge in the creation of new tokens in January, minting 600,000 new tokens, a 12-fold increase from the 50,000 tokens minted per month from 2022 to 2023. The acceleration of token creation began in the fourth quarter of 2024; the monthly minting reached 400,000, and then jumped to a record level in January. Blockchain networks and DEXs are also increasing rapidly. Data shows that about 5 to 10 new chains are launched each month, and the number of new chains peaked at 17 in May 2024. In addition, 89 new DEXs were tracked in March 2024 alone. Market analysts warn that this surge may lead to liquidity dispersion. In response to concerns about the impact on the market, Ong acknowledged the potential drawbacks: "There are too many tokens, and each token will distract traders from their limited attention and liquidity. That's why we haven't seen the sharp rise in previous cycles."

Important Economic Dynamics

▌Investment-grade bond issuance by 15 U.S. issuers fell to $17.6 billion

On February 15, new bond issuance fell to $17.6 billion in the week ending February 14, down 64% from $48.5 billion in 30 transactions in the previous week. So far this month, new bond supply has reached $66.1 billion, compared with $102.6 billion in the same period a month ago; year-to-date issuance is $267.7 billion, compared with $289.7 billion in the same period last year. The largest transactions: Eli Lilly & Co issued $6.5 billion and BCE Inc issued $2.25 billion. (Jinshi)

▌ECB Executive Board Member Panetta: There is no need to hold back on rate cuts

On February 15, according to Jinshi, ECB Executive Board Member Panetta said that there is no need to hold back on rate cuts. Since the 2% price target is within reach and inflation risks are also declining, there is no need to postpone rate cuts. "Monetary policy continues to exert downward pressure on economic activity and inflation, an effect that is increasingly unnecessary with inflation close to target and domestic demand remaining weak, and a less decisive easing of monetary policy could result in too low inflation over the medium term," Panetta said on Saturday. Borrowing costs are approaching a neutral rate, a level that neither constrains nor stimulates the economy, he added. He believes the downside risks to inflation outweigh the upside risks. U.S. tariffs on European exports are likely to have little impact on eurozone inflation, with the main risk remaining a drop in medium-term inflation below 2%. He also called for policy decisions to be "supported by communications focused on the real economy and the medium-term outlook for inflation." Panetta believes the main threat to price moves comes from the energy market. Prices in energy markets, especially natural gas, are rising amid heightened volatility and need to be closely monitored.

Golden Encyclopedia

▌What is DeFAI?

DeFAI is about combining the decentralized financial ecosystem of DeFi with AI-driven analysis and automation. By the end of 2025, the market size of these solutions will soar from about $1 billion to $10 billion. DeFAI is still in its early stages and focuses mainly on momentum trading similar to memecoins, so there is still a lot of room for rapid development. DeFAI represents a turning point in the Crypto asset industry, combining the decentralized spirit of DeFi with the computational intelligence of artificial intelligence.

Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and is not intended as actual investment advice. Please establish a correct investment philosophy and be sure to raise your risk awareness.