February 18, 2025 Crypto News Express

1. Argentine President is involved in token scandal, market shock leads to impeachment crisis

Argentine President Javier Mille is involved in a fraud storm for promoting the cryptocurrency "Liberty Coin" (LIBRA). After he publicly supported the token on social media, the price of LIBRA soared to $5, but then plummeted 94%, causing heavy losses to investors and triggering domestic political turmoil. The opposition accused Mille of suspected "carpet pulling" scam and planned to initiate impeachment proceedings. The investigation showed that LIBRA had financial links with tokens authorized by Trump's wife Melania. The same entity transferred more than $2.4 million through Solana and Avalanche wallets, suspected of multiple pump-and-dump operations. Mille responded that "sharing information is out of goodwill", but admitted that risk review capabilities need to be improved.

2. Robinhood announced its entry into the Singapore crypto market in 2025

The US financial services platform Robinhood announced plans to launch cryptocurrency services in Singapore in 2025 through its acquired European exchange Bitstamp to further expand the Asia-Pacific market. This move will be promoted based on the local compliance framework, and the specific launch time is to be determined.

3. Ethereum options move abnormally, and expectations for Pectra upgrade heat up

Affected by the upcoming Ethereum Pectra upgrade, the ETH options market showed a bullish trend in the March expiration contract, but analysts pointed out that the collapse of LIBRA and the decline of tokens such as SOL may suppress the market's recovery momentum. The altcoin needs to rely on practical applications rather than speculative liquidity to rebound.

4. China will strengthen the crackdown on virtual currency money laundering

Lawyer Liu Zhengyao pointed out that in 2025, Chinese judicial authorities will rely on blockchain analysis technology to strengthen the tracking of virtual currency money laundering transactions, clarify sentencing standards and strengthen international cooperation, and those involved may face more severe sanctions.

5. Market sentiment becomes cautious, and institutions call for profit-taking

Although Bitcoin has maintained the support level of $90,000, institutions such as BCA Research warn that the meme coin craze and ETF fund inflows show that the market is overly optimistic and needs to be wary of callback risks.