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😢 The Biggest Political Rug Pull in History
Grayscale ETF falls below 200K BTC

One of the biggest scandals in cryptocurrency history just happened with LIBRA, the memecoin promoted by Argentine President Javier Milei as an economic initiative but in just 24 hours collapsed more than 90% of its value, "evaporating" more than 4 billion USD from the market, while the team behind it was accused of siphoning off 107 million USD from dumping tokens on buyers. Want to know more? Just scroll down!
Here’s what we got for you today:

🚀 The Rise and Fall of Argentina LIBRA Coin: The Biggest Political Rug Pull in History
It wasn’t just another memecoin. Argentina LIBRA Coin was marketed as an official investment opportunity—endorsed by President Javier Milei himself.
The promise? “Invest in the future of Argentina.”
The reality? A $107M rug pull orchestrated by Julian Peh, a man who convinced a sitting president to promote the token—only to disappear when the money poured in.
🚀 The Setup: From Credibility to Con
Julian Peh entered crypto in 2016, made early bets on Bitcoin and Ethereum, and by 2021, jumped into NFTs. But his biggest play came in 2024.
At a tech forum in Buenos Aires, Julian met President Milei. They talked about AI, small businesses, and Argentina’s future. Milei was intrigued. A handshake, a photo, and a few months later—Julian’s company, KIP, was on the Buenos Aires Blockchain Commission.

Now, Julian wasn’t just another crypto founder. He was an advisor to the government. And that changed everything.
📢 The Pitch: A Revolution in the Making
Julian crafted the perfect narrative:
A financial revolution for Argentina
A token to support small businesses
A new economic era powered by blockchain
Milei approved the plan, and by February 2025, the moment arrived.
The official X account of President Milei tweeted:
“The world wants to invest in Argentina.”

This wasn’t just another memecoin or side project. It was framed as a national investment opportunity.
The hype was instant. Market cap hit $4B in just one hour.
⚠️ The Collapse: Red Flags & The Final Blow
But cracks appeared fast.
82% of the supply was controlled by a single wallet cluster
No token locks—meaning insiders could dump anytime
And that’s exactly what happened.
Insiders started selling
Panic kicked in
Retail investors rushed to exit
Then came the final blow—President Milei deleted his tweet.
The market collapsed. The $4B market cap vanished. Julian and his team disappeared with $100M.

💀 A political-backed crypto scam, and no one held accountable.
→ For easy to understand, you can check this diagram 😉
Here is my analysis. Everything is onchain.
Maybe inaccurate. If something is not correct, please DM me.
— 炒饭兽 (svm/acc) (@shoucccc)
6:24 AM • Feb 16, 2025
Binance founder, CZ, to donate 150 BNB worth $100,000 to help victims of the $LIBRA scam.
A university student started it. I just followed. 😂
— CZ 🔶 BNB (@cz_binance)
8:36 AM • Feb 17, 2025
🔄 Finish This Sentence: Bitcoin’s Four-year Cycle Is A…
Predictable pattern?
That’s what we would have said too. But after looking at the current market, it feels a bit more complicated.
We’re in 2025, and the market sentiment is a rollercoaster. So what’s going on with Bitcoin this cycle? 👇
Bitcoin is still following its four-year cycle…but with a twist.
In past cycles (2017, 2021), Bitcoin surged to all-time highs before entering a brutal bear market. Right now, it looks similar, but there’s one major difference: mainstream attention and market sentiment are making things a lot more complicated.
1/ Meme Coins Are Now a Political Move
The U.S. President launched two meme coins (one for himself, one for the First Lady). Yes, really.
If this doesn’t scream “mass adoption”, we don’t know what does.
But here’s the catch: government involvement in meme coins feels like a red flag. It could mean crypto is hitting peak speculation—something that’s often followed by a painful correction.
(And that’s not the only mainstream signal flashing red).
2/ The President’s Son is Now Promoting Bitcoin & Ethereum
In my opinion, it’s a great time to add $ETH.
— Eric Trump (@EricTrump)
10:23 PM • Feb 3, 2025
If history has taught us anything, when celebrities and politicians start pushing Bitcoin, it usually means we’re getting dangerously close to the top.
Think back to 2021:
Elon Musk’s Dogecoin hype sent DOGE flying—then it crashed.
Celebs shilled NFTs—then the bubble popped.
Right now, we’re seeing the same pattern—but on a bigger scale.
Which begs the question: are retail investors walking into a trap? 👇
3/ Crypto is Dominating the App Store
Crypto-related apps are now ranking at the top of the App Store.
That’s great for adoption, but historically, this has been a late-cycle indicator:
In 2017, crypto apps went viral right before the crash → Coinbase became the most downloaded iPhone app in the United States, surpassing platforms like YouTube and Instagram. This spike in downloads coincided with Bitcoin reaching an all-time high of $19,783.06 on December 17, 2017, before experiencing a substantial decline.
In 2021, NFT and DeFi apps surged right before the market peaked → NFTs hit $23B in trading, with $10.7B in Q3. By 2022, sales dropped over 90%.
Translation? If everyone is rushing in, who’s left to buy?

4/ Google Searches for “Bitcoin” Are Spiking
People are Googling Bitcoin like crazy right now.
Sounds bullish? Not exactly.
Past cycles show that when Bitcoin becomes a trending topic, it’s usually a warning sign that we’re in the final stretch of the bull run.
And if history repeats, this could be the last phase before the market cools down.

5/ Where is Altcoin Season?
If this is a true bull market, altcoins should be exploding right now.
But they’re not. And that’s weird.
In 2017, Bitcoin peaked → Altcoins pumped → Bear market started.
In 2021, Bitcoin peaked → Altcoins pumped → Bear market started.
In 2025? Bitcoin is high, but altcoins are quiet.
No altcoin season = a delayed peak OR a weaker cycle overall.
(And with time running out in 2025, it’s a race against the clock).
6/ The One Bullish Wild Card: ETF & Institutional Money
If there’s one thing keeping this cycle alive, it’s institutional demand.
Right now, we’re seeing:
✅ More stablecoins being printed (USDT, USDC) → Fuel for Bitcoin’s price growth.
✅ Bitcoin ETFs gaining traction → Could attract more institutional money.
✅ Regulation changes in the U.S. → Uncertainty, but potential for long-term adoption.
If ETF approvals and institutional buying continue, this cycle might still have room to run.
(But if that demand dries up… well, we know what happens next).
Final Takeaways: What This Means for Investors
Despite the uncertainty, there’s still room for a final push.
There are strong fundamentals: stablecoin printing (USDT, USDC) is still ongoing, and there are positive catalysts like potential Bitcoin ETF approvals and new regulations.
If these things come together, we could see one last major surge before the cycle ends.
(The key is to stay alert and not get greedy).
The market is in a critical phase. Sentiment is low, altcoin season is missing, and mainstream attention is rising – all signs that we’re in the final stages of the cycle.
Stay cautious, keep an eye on Bitcoin’s movements, and remember: it’s better to take profits too early than too late.
Ooft! Right out of the gate, we’re facing a lot of uncertainty.
⭐ Top Highlight in Crypto Today
⚠️ After a full year of relentless selling, Grayscale’s Bitcoin ETF holdings have officially dropped below 200K BTC—a major shift in the ETF landscape.

⚡ Tether is in talks with Congressmen Bryan Steil & French Hill on the STABLE Act, ensuring 1:1 USDT backing and monthly audits. The Fed sees stablecoins boosting USD influence—risks remain.
🐶 Memecoins have shifted focus from building real projects to quick profits, making traders impatient and riskier with their bets. FOMO-driven pumps now dominate, while long-term vision fades.
Memecoins made crypto natives lazier and more short-term focused.
Previously, beating the market meant understanding innovations, predicting narratives, studying new protocols, and, crucially, really understanding tokenomics.
Now, few care to read technical threads on X… x.com/i/web/status/1…
— Ignas | DeFi (@DefiIgnas)
1:02 PM • Feb 15, 2025
📈 Platforms like Pump(.)fun & SunPump made token launches effortless, flooding the market with memecoins and diluting liquidity. Experts warn this could kill strong altcoin seasons, clog networks (Solana struggles), and increase scam risks.
🌎 The Tokenized RWA Boom: $16 Trillion on the Blockchain?
What if you could invest in real estate, gold, or fine art with just $30?
That’s the promise of Real-World Asset (RWA) tokenization—a financial revolution that’s already pulling in BlackRock, JPMorgan, and HSBC.

Some examples of RWAs include:
Real estate
Art and collectibles
Treasury bonds
Intellectual property (IP) like music
Tokenized securities
Traditional financial assets
Fixed income products
But is it the next big thing or just another overhyped trend? Let’s break it down.
Real-World Assets (RWAs) are tangible assets—real estate, gold, diamonds, stocks, bonds—that get fractionalized and tokenized on the blockchain.
And the trend isn’t slowing down.

🔹 MakerDAO is already earning 80% of its revenue from RWAs, pulling in $13.5M in one year.
🔹 BlackRock’s CEO Larry Fink says tokenization will make capital markets more efficient.
🔹 According to Artemit, RWAs are the only sector up in a market downturn — while everything else is bleeding, RWAs are +20.3% YTD.

📢 Translation? Institutional money is pouring in, and RWAs might be crypto’s next trillion-dollar wave.
Where’s the Alpha? (The Smart Money Plays Right Now)
🚀 Top RWA Tokens Performing By Marketcap (1Y)
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⭐ Top Players in the RWA Space
A few companies are leading the charge in asset tokenization, pushing real-world assets (RWAs) onto the blockchain. Here’s who’s making waves:
MakerDAO - MakerDAO is at the forefront of RWA integration in crypto. The protocol has gone all-in on U.S. Treasury assets, investing heavily in government bonds and invoices.
The impact? 80% of MakerDAO’s revenue now comes from RWAs—a massive shift proving that institutional capital is moving on-chain.
Securitize – A regulated powerhouse in tokenized securities. Backed by BlackRock, Hamilton Lane, and Tradeweb, it secured $47M to expand tokenized private markets. Partnered with Apollo Global Management to tokenize credit funds and Investcorp to bring alternative assets on-chain. Leading the push for compliant asset tokenization in traditional finance.
State Street – A $4T asset manager making serious moves in tokenization. Partnered with Taurus to build digital asset custody solutions and joined forces with Apollo Global Management to bring private credit investments on-chain. Now exploring private credit expansion, positioning itself as a key player in RWA adoption.
📈 Upcoming Projects to Watch:
DAMAC Group & MANTRA ($1B RWA Deal) - Dubai’s DAMAC Group is tokenizing $1B worth of assets on the blockchain, bringing Middle Eastern real estate into DeFi.
State Street’s Tokenized Bonds - One of the largest financial institutions is moving bonds and money market funds on-chain.
Visa’s Tokenized Asset Platform (VTAP) - Visa is launching a global tokenization system in 2025, letting banks issue stablecoins & tokenized deposits.
💡 Bottom Line? Institutions are not just exploring tokenized RWAs anymore—they’re building real infrastructure around them.
What’s Fueling This RWA Explosion?
🔥 1. Institutions are all-in. BlackRock, HSBC, JPMorgan → All pushing tokenized assets.
📈 2. Yield is back. Traditional treasuries are paying 5%+, and tokenized versions give instant access with DeFi flexibility.
🔗 3. Blockchains are finally ready. Ethereum, Avalanche, and Polygon are competing to host RWAs at scale.
💰 4. Regulatory clarity is coming. Hong Kong, UAE, and the EU are pushing clear RWA rules before the U.S. does.
Risk Matrix: What Could Go Wrong?
⚠️ 1. Regulations are still messy.
The U.S. SEC hasn’t set clear rules yet, while Asia & Europe are moving ahead.
⚠️ 2. Institutional interest ≠ instant adoption.
Just because banks are building RWA products, doesn’t mean retail adoption will be fast.
⚠️ 3. Tokenomics risk.
Some RWA tokens (like CFG) have upcoming VC unlocks that could affect price stability.
💡 Bottom line: The biggest risk isn’t the tech—it’s regulation and liquidity.
Who’s Winning? (Key Players & Platforms to Watch)
🏦 Major Institutions Leading RWA Tokenization:
BlackRock → Tokenized money market funds (MMFs),
JPMorgan → Launched Kynexys (formerly Onyx Digital Assets)
HSBC → Pushing tokenized gold & real estate
🎯 Top Influencers Driving the RWA Narrative:
Stephane De Baets → Pioneered real estate tokenization with St. Regis Aspen Resort.
Chris Tyrrell → Driving Ondo’s tokenized treasuries.
DAMAC x MANTRA → $1B deal for Middle East real estate tokenization.
What’s Next? (Future Trends & Predictions)
📊 Short-Term (2024-2025):
🔹 More tokenized treasuries, stocks, and real estate coming on-chain.
🔹 CBDCs & RWAs will merge—China is already testing it.
🔹 Retail access will stay limited for now, institutions are first.
🚀 Long-Term (2026+):
🔹 Mass adoption of tokenized RWAs once global regulations settle.
🔹 Cross-border finance becomes instant—say goodbye to slow bank transfers.
🔹 Tokenized commodities (gold, oil, art) become major sectors.
🔮 Final Thought: Are We Early or Late?
We’re still early. RWAs aren’t hype—they’re one of crypto’s strongest real-world use cases.
Best plays? Bet on infrastructure & platforms, not just asset-backed tokens.
🤡 Meme Of The Day

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