1. Popular currencies on CEX
CEX top 10 trading volume and 24-hour rise and fall:
BTC: -1.31%
ETH: -0.8%
Trump: -0.16%
SOL: -2.68%
XRP: -1.38%
BNB: +1.62%
LTC: -5.16%
DOGE: -1.82%
CAKE: +9.43%
SUI: -2.73%
24-hour price increase list (data source: OKX):
BZZ: +46.96%
GLM: +46.73%
ID: +23.71%
ULTI: +14.38%
ZBCN: +12.6%
IP: +12.3%
EIGEN: +10.78%
ACH: +10.61%
XCH: +9.88%
SWEAT: +9.44%
2. Top 5 popular memes on the chain (data source: GMGN ):
TRUMP
arc
Fartcoin
CHILL
VIGI
3. 24H hot search currencies
LIRBA: The Argentine President meme token that was hotly discussed over the weekend, due to the rapid plunge in the token after its release, and the conspiracy group was exposed to have made a profit of hundreds of millions of dollars, the token is currently extremely controversial, and all parties are trying to pass the buck. For details, see Argentine President issued Meme Coin and then denied it, causing public anger. Who made money and who was cut?
Headlines
Odaily Planet Daily News: The Argentine Presidential Office issued a statement on LIBRA on X: On October 19, President Milley met with representatives of KIP Protocol in Argentina, where he learned that the company intends to develop a project called Viva la Libertad to use blockchain technology to finance private enterprises in the Argentine Republic.
The President attended the meeting, which was officially recorded in the Register of Public Hearings, along with KIP Protocol company representatives Mauricio Novellli and Julian Peh and presidential spokesman Manuel Adorni.
In this context, on January 30, 2025, the President held a meeting at the Casa Rosada with Hayden Mark Davis, who, according to representatives of KIP Protocol, will provide the technical infrastructure for his project. Davis, who has no past or present relationship with the Argentine government, was introduced by KIP Protocol representatives as one of the partners in the project.
Finally, yesterday, the President shared a post on his personal account announcing the launch of the KIP Protocol project, as he does every day with many entrepreneurs who want to launch projects in Argentina to create jobs and obtain investments. Since he is not involved in the development of any cryptocurrency, after the reaction to the launch of the project, in order to avoid any speculation and not to spread it further, he decided to delete the post.
In light of the facts, President Milley decided to immediately request the intervention of the Office of the Anti-Corruption (OA) to determine if there was any wrongdoing by any member of the national government, including the President himself.
On the other hand, the President decided to set up an Investigative Task Force (UTI) within the Presidential Palace, composed of representatives of institutions and organizations related to crypto assets, financial activities, money laundering and other related fields, who will integrate information and conduct an urgent investigation into the launch of LIBRA and all companies or individuals involved in the above-mentioned actions.
All information gathered during the investigation will be turned over to the courts to determine if any company or individual associated with the KIP Protocol project committed a crime. President Milley has demonstrated his commitment to the truth by his actions and is committed to getting to the bottom of this matter until the final results are known.”
Odaily Planet Daily News: Argentine opposition lawmakers said on Saturday that Argentine President Javier Milei may face an impeachment trial in Congress.
Mile posted a post on X late Friday to promote LIBRE, and the token rose to nearly $5 shortly afterwards, but fell below $1 a few hours later. The Argentine Fintech Chamber believes that this incident may be a rug pull.
This scandal has brought shame on us internationally and we must file an impeachment petition against the president, said lawmaker Leandro Santoro, a member of the opposition coalition.
Mile said he had nothing to do with the cryptocurrency. I didnt know the details of the project and once I found out I decided not to continue promoting it. (Reuters)
Odaily Planet Daily News Cryptocurrency analyst Immortal Yu X wrote: BTC on-chain transaction volume is far from the level of 2021...but do we expect a big bull market? Even high transaction fees do not necessarily indicate a bull market, just look at past cycles to know.
In response, CZ said: “My intuition is that BTC is now more of a reserve asset than a transaction currency due to high fees and long block times. A lot of new funds are buying ETFs, which are not reflected in on-chain transactions. I may be wrong, for the record.”
Shaw: My X account has unauthorized posts, please do not interact or purchase tokens
According to Odaily Planet Daily, ai16z founder Shaw YuX posted: My X account currently has unauthorized posts being published, and a solution is being developed. Please do not click or purchase any tokens.
According to previous news, the X account of ai16z founder Shaw was suspected to have been hacked. The content he posted may be a fake Eliza scam link and the comment area of the tweet is not open for comments, so please do not interact.
elizaOS later posted on the X platform that until further notice, please do not interact with suspicious links or any other links posted from the X account, and the situation is under investigation.
Industry News
Odaily Planet Daily News: Argentine President Milley may face legal problems because of the massive losses suffered by users due to the promotion of LIBRA tokens. Cryptocurrency litigation firm Burwick Law is now providing agency services for victims of the project. Analysis points out that the Argentine government is worried that the losses of foreign investors may lead to OFAC sanctions or even asset seizure. (Bitcoin News)
Yesterday, the US law firm Burwick Law published a form and stated: If you have suffered a loss of funds on LIBRA, please contact us to learn about your legal rights. Burwick Law represents thousands of clients who want to recover their cryptocurrency losses.
Odaily Planet Daily News KIP Protocol released an announcement about LIBRA on X: There is a lot of misinformation about the release of LIBRA and the role of KIP. We would like to clarify:
Token issuance and market making are entirely the responsibility of Kelsier (@KelsierVentures), represented by Hayden Davis, the initiator of the project. None of these wallets belong to KIP or myself (Julian, the co-founder).
After the token launch, KIPs are invited to manage/oversee the selection of funded technology projects and provide technical infrastructure for AI initiatives.
Therefore, all matters related to the launch and tokens should be directed to Kelsier as they are handling this matter and plan to transfer the tokens to a foundation.
The project gained attention when Argentinian President Javier Milei mentioned it in a post on X. At the time, KIP was not involved in the launch, as our role was always after the token launch.
KIP received a lot of FUD that day, including threats against me and my staff, but we had no involvement in the launch and we did not handle any tokens or SOL.
KIP has publicly acknowledged its role in the project (despite not participating in the token launch) as we are listed on this site and believe in the potential of the initiative.
As a technology company, our focus remains on innovation and infrastructure - never on token issuance.
After discussing with Kelsier, we were informed of the following steps: All SOL issued on that day will be re-injected into LP/charts. All market making fees will be transferred to a foundation in Argentina. The foundation will continue to run this project as originally planned.
All details regarding tokens should be sent directly to Kelsier. We did not profit a single cent from todays activity.
To reiterate, KIP is not in the business of token issuance or market making. We remain committed to transparency and our role in promoting meaningful technology-driven initiatives.”
Odaily Planet Daily News Kelsier released an announcement on the latest progress of LIBRA on X: Argentine President Javier Milei initially supported and actively promoted the Libra token on social media platforms, including X and Instagram. His team received his public support at the time of release and assured me that it will continue to be supported throughout the release process.
Given my role as an advisor, my primary responsibility is to ensure that the token has sufficient trading volume, liquidity, and strong funding to support its price and execute on the projects vision. However, as an advisor, there are many factors that are beyond my control.
Despite previous commitments, Miley and his team unexpectedly reversed their stance, withdrawing their support and deleting all previous social media support. This sudden decision was made without any prior warning and directly contradicted previous assurances. To my surprise, Miley later released a statement indicating that his withdrawal was due to alleged misconduct by the projects backers, calling them scammers.
I categorically reject this claim and want to emphasize that Julian Peh, founder of KIP Network and major sponsor of Libra Token, is completely innocent. I can only assume that Miley’s team is trying to shift the blame onto Julian in order to evade responsibility.
It is crucial to realize that Meme Coin investment is driven by trust and endorsement. When Miley and his team deleted their posts, investors who had purchased the tokens based on trust in their endorsement felt betrayed. This led to a wave of panic selling, further exacerbating the situation. The sudden loss of confidence had a disastrous effect on the market stability of the token.
Regarding my role, I am responsible for ensuring the liquidity of the project and still maintain control over all related expenses and treasury funds. I want to make it clear that I have not and will not use these funds for personal gain. As the custodian (not the owner) of these funds, I am unwilling to transfer them to Miles team or the KIP team.
After consulting with experts, I propose to reinvest 100% of the funds I control (up to $100 million) into Libra tokens and destroy all purchased supply. I intend to begin executing this plan within the next 48 hours unless a more viable alternative is proposed.
I remain committed to transparency and will continue to provide updates as the situation develops.”
Odaily Planet Daily News: Meteora team member benchow.sol (@hellochow) posted a clarification on X: The Meteora team is not involved in the deployment, market making or release of LIBRA.
The LIBRA team uses Meteora, a permissionless platform. We have never had any contact with the coin or President Milley of Argentina.
Many teams create Meteora pools via the CLI/SDK/CPI and there are a lot of configuration options, so we do often help them with our technology. We will share further information in the future as we learn more.”
Earlier today, according to Arkham monitoring, 70% of LIBRAs supply is located in 2 addresses, while 15% of the supply is deposited directly into Meteora LP by the developer address.
Odaily Planet Daily News: Jupiter released a statement about LIBRA on X: From the beginning, Jupiter has attached great importance to transparency. The issuance of Meme coins is a dirty game full of ugly behaviors. However, we have nothing to hide. Therefore, we can explain the following facts as clearly as possible.
Some members of the Jupiter team were aware that at some point there would be a token project associated with Javier Milei, the President of Argentina. We learned about this directly from Kelsier Ventures about 2 weeks ago. While we were initially unsure, we later saw solid evidence from public posts on Milei’s personal account that he was serious. That’s all we know.
We were completely unaware of the transactions between the principals (in this case, Mile and the market maker) and were not involved in any way.
It was an open secret in the meme coin community that an Argentina Coin would be launched at some point, as evidenced by the many public posts that have appeared since. But in keeping with our confidentiality, we have not discussed this with anyone online or offline. Furthermore, no one on the team has ever received any LIBRA tokens or related compensation.
No one knew the release date, time or CA in advance. Only Meow himself knew about it on the day of the scheduled release, but he didnt know the CA or the specific time and was not involved in it in any way. He was in Tokyo and fell asleep when the token was released.
Ben from Meteora knew the CA minutes before the release in order to verify it, but did not share it with the Jupiter team until after the information was public.
Contrary to the massive amount of FUD on X, we also did not pre-verify or immediately validate the CA. Instead, we waited for public confirmation (again from Miley’s X account) and sufficient transaction volume.
By the time we added LIBRA to the Strict List and showed the Verified label in the Trenches product, its market cap had already reached ~1.5B. It wasnt until ~1 hour after launch that LIBRA received the Verified icon in our default token search.
Why verify it? The answer is simple: to protect users. Immediately after LIBRA, dozens of fake tokens were launched, and without strict list verification, it would have been easy for traders to accidentally buy the wrong token. Our strict list never endorses a specific token, it is simply our way of ensuring that users can buy the correct token they intend to buy.
Incidentally, our new organic scoring is designed to help remove the need for this verification process, and instead let organic on-chain activity determine which tokens are ‘correct’.
We take allegations of insider trading extremely seriously. We have conducted our own investigation and found no evidence of sniping by any team member.
If you have evidence that a Jupiter employee has leaked information or otherwise engaged in sniping, please contact us directly. If we discover that any team member has acted on non-public information, we will take swift and decisive action.
The whole LIBRA thing is brutal, both for traders and for our ecosystem. In fact, many meme coins have been damaging to the ecosystem for a long time, with sniping, bundling and all of this becoming the norm.
We definitely do not condone these extreme PVP releases. We are actively working on better systems both internally and externally to help improve the situation for everyone.
As previously stated, Meow will be releasing a more detailed statement later today.”
Odaily Planet Daily News Solayer team member Chaofan Shou issued the following disclaimer regarding some rumors currently circulating in the community:
“I joined Solayer as part of the Fuzzland acquisition. I am not the founder of Solayer, just a core developer. The money I lost on LIBRA was my personal funds.
I have built wealth over the past few years by actively investing in ETH and multiple projects. I also trade Meme Coin and losing $1 million is fine for me - but I feel really bad for Solana. These cabals are ruining SOL.”
Odaily Planet Daily News Bartool Sports founder Dave Portnoy revealed the latest details about the launch of LIBRA in X Space last Sunday.
Portnoy said he was set to join the project as an advisor and bought the token at launch, but later returned the tokens after project advisor Hayden Davis told him not to disclose the 6 million LIBRA grant.
Portnoy said: “I’m not going to promote this launch on X and act like I’m just saying ‘Oh, Miley is the best’… and not mention that they gave me tokens, which, by the way, I bought a bunch of… They didn’t give me tokens before the launch.”
Portnoy said he trusted Davis because of his past experience in the cryptocurrency space and hoped Davis’ involvement in the project would help him reach out to Millet. Davis pitched the idea of an interview between Portnoy and Millet in order to “introduce” the Argentine president to the world.
Portnoy said that just as he was about to release his support for the project, Davis told him not to disclose that he had received the gifted tokens. (Davis said) You cant say we gave you these tokens... If you dont let me say it, I cant accept these tokens, and Im part of this project, so I gave the tokens back.
A wallet associated with Portnoy has no record of receiving tokens, but Portnoy said he has other wallets, Yes, I created other wallets... I just like trading and like to see the price go up. (The Block)
Coinbase agrees to postpone review of appeal, raising speculation the case may be drawing to a close
Odaily Planet Daily News: The U.S. Securities and Exchange Commission (SEC) previously requested that the deadline for responding to Coinbases appeal be extended from February 14 to March 14, and Coinbase has agreed to this extension request.
The case dates back to June 2023, when the SEC accused Coinbase of offering unregistered securities and failing to fulfill its disclosure obligations. Coinbase argued that crypto transactions on its platform do not constitute securities and sought to clarify whether secondary market transactions meet the definition of investment contracts in securities law. Previously, Judge Katherine Failla had approved Coinbases request for an interim appeal and suspended all proceedings in the case until the Second Circuit Court reviews the appeal. It is worth noting that the SECs recently established crypto working group is led by Commissioner Hester Peirce, who is known for his support for crypto, sparking speculation that the long-running lawsuit may be coming to an end.
Odaily Planet Daily News Binance Financial Crime Compliance Director Tigran Gambaryan recently reiterated that rogue Nigerian lawmakers had demanded a $150 million bribe in exchange for dropping the lawsuit against Binance. The lawmakers wanted to transfer the funds directly into their cryptocurrency wallets, and they used fake cameras and media to make the meeting with visiting Binance executives look legitimate.
In May 2024, it was reported that Binance CEO Richard Teng accused members of the Nigerian House of Representatives Financial Crimes Committee (HCFC) of demanding a $150 million bribe. At the time, Nigerian Information Minister Mohammed Idris denied the allegations, calling them a diversionary tactic by the company eager to cover up the serious criminal charges it faces.
However, Gambaryan insisted that the attempt was indeed carried out with the involvement of Nigerias Department of State Services (DSS). He also stated: The Nigerian government has been publicly claiming that $26 billion of mysterious funds have flowed out of Nigeria (through Binance), which is complete nonsense. This information was provided at their request and is just the cumulative transaction data of Nigerians on the platform. The money did not flow out of Nigeria - it was just people buying and selling cryptocurrencies. For example, if you trade 100 times with $100, thats $10,000 in trading volume, but in reality, you only used $100. Again, this is just another example of them lying to cover up a fake investigation.
Just after Gambaryan shared these explosive details, Nigerian Information Minister Idris issued a statement denying it. However, the statement acknowledged the bribery allegations, but Idris pointed out that it was the Nigerian government that launched the investigation, even though no one has formally filed a lawsuit. His statement also revealed that the Nigerian government rejected the USs offer of $5 million in exchange for Gambaryans release. (Bitcoin.com)
Indian authorities have seized nearly $190 million in cryptocurrencies linked to Bitconnect in an ongoing investigation into a crypto Ponzi scheme that was uncovered in 2018 and caused 4,000 investors in 95 countries to lose about $2.4 billion. Bitconnect was launched in 2016 and collapsed in 2018.
It is understood that Bitconnect founder Satish Kumbhani (charged by the US Department of Justice in February 2022) established a global network of promoters, paying them commissions to promote the Ponzi scheme. According to local media reports: Law enforcement authorities said that between November 2016 and January 2018, the defendants allegedly defrauded funds from global investors, including Indian investors. (Cointelegraph)
In August last year, the Indian Enforcement Directorate (ED) stated that a man named Shailesh Babulal Bhatt from Gujarat was arrested on suspicion of kidnapping and extortion and violating anti-money laundering laws, which involved a major cryptocurrency-related crime.
Bhatt’s detention follows a money laundering investigation launched by the Indian Justice Department based on the first filing by the Surat police against Bitconnect Coin promoter Satish Kumbhani, who allegedly defrauded investors and fled after shutting down the Bitconnect platform in January 2018.
Bhatt had invested in Bitconnect and in order to recover the funds, he kidnapped two employees of Kumbhani and extorted 2,091 Bitcoins, 11,000 Litecoins and Rs 145 million in cash, which is now worth Rs 1,232.5 million. Bhatt also distributed Rs 289 million of the extortion money to his accomplices to acquire various assets.
Project News
Odaily Planet Daily News According to official news, BNB Chain released its first optimization plan to cope with the surge in traffic. The team observed that during peak traffic periods, many transactions failed to be included in blocks in a timely manner. 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, minimizing the average waiting time in the mempool. This approach works well for most typical use cases. However, it is not optimal for fast-paced, high-risk Meme coin transactions, where small price fluctuations can have significant impacts.
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 a block is sealed, as long as there is enough time within the 3-second block window. This will allow validators to collect more bids, increasing the chances of inclusion of the best bid and improving overall block construction performance, especially during periods of peak network activity. This change also provides more time for bid collection, potentially leading to more efficient block construction.
Yesterday, according to Nansen data, BNB Chain surpassed Ethereum in total gas fees in the past 7 days. Nansen CEO Alex Svanevik said, As far as I know, this is the first time in history. CZ commented: Take it slow and move forward steadily.
Characters Voices
Odaily Planet Daily News: In response to the statement that CZ seems to be promoting AI agents on BSC, CZ issued a statement on X to clarify: I dont want to promote any specific AI agent token. But I hope to see more progress in the development of on-chain AI agents and have practical use cases. Real development usually happens after the hype is over.
Yesterday, CZ posted on the X platform, According to Deflama data, BNB Chains trading volume has increased by 66.63% month-on-month in the past 7 days. It all started with a video tutorial. I heard that the team is making a new video tutorial to teach people how to create an AI agent on BNB Chain.
Odaily Planet Daily News: Nate Geraci, president of The ETF Store, said in a post on X: “It only takes a few clicks to create a Meme coin, which is why everyone knows that 60,000 Meme coins are created every day.
At this point, if you are being ‘rug pulled’ – whether it’s Trump, Milley or someone else – it’s not an indictment of Crypto, it’s your own ‘pot’. For my traditional finance friends who haven’t played with Meme coins yet, the focus should be on the technology, not the ‘grift’.
The technology is almost flawless, it’s just a live test environment right now for what you’re seeing, but it will evolve further from this stage.”
Su Zhu: pump.fun has the strongest cyclicality and the weakest Moonshot in Meme Coin infrastructure
Odaily Planet Daily News Su Zhu Yu X wrote: The strongest to weakest periodicity in Meme coin infrastructure is: pump.fun, Photon / BullX, Moonshot.
Tyr Capital Chief Investment Officer: ETH trend may reverse and rise to $4,000
Odaily Planet Daily News Tyr Capital Chief Investment Officer Ed Hindi said that ETH is at peak bearishness and the price trend may be about to reverse and rise to $4,000. (Cointelegraph)
