Crypto News, February 17th 2025

Crypto News, February 17th 2025

Recent cryptocurrency events include fraud allegations against Argentina's president over $LIBRA promotion, the crypto industry's push for political influence, XRP's price fluctuations amid ETF speculation, speculation about Bitcoin's creator, Charles Schwab's expansion into digital assets, an Ethereum user burning $1.67 million, and a cryptocurrency flag waved atop the Hollywood sign.
A stylized image of dice, coins, and the Argentinian flag.

Did Super Bowl Bettors Finance the $LIBRA rugpull?

Argentina’s President Javier Milei is facing legal scrutiny after the spectacular collapse of the $LIBRA memecoin—a token that surged past $4 billion before insiders withdrew over $107 million, leaving retail investors with massive losses. But was this just another crypto meltdown, or did Super Bowl betting liquidity help fuel the rise (and fall) of $LIBRA? With Barstool Sports’ Dave Portnoy caught in the mix, and questions emerging about whether sportsbook profits were used to prop up the token before the rug was pulled, the scandal may have far-reaching implications—not just for investors, but for Milei’s presidency itself.