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Argentine President Javier Milei is facing calls for impeachment after endorsing a cryptocurrency project that collapsed in what analysts are calling a massive insider scam.
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The Solana-native Libra (LIBRA) token started its rally on Feb. 14, shortly after Milei posted about the project on X, formerly Twitter. His now-deleted post included a website and contract address for the token, which was a “private project” dedicated to “encouraging the growth of the Argentine economy.”
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The Libra token briefly rose to a peak market capitalization of $4.56 billion at 10:30 pm UTC on Feb. 14 before falling over 94% to a $257 million market cap in just 11 hours since the token debuted for trading on decentralized exchanges, Dexscreener data shows.
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The Libra token briefly rose to a peak market capitalization of $4.56 billion at 10:30 pm UTC on Feb. 14 before falling over 94% to a $257 million market cap in just 11 hours since the token debuted for trading on decentralized exchanges, Dexscreener data shows.
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amelia0brown9937
@amelia0brown9937
The Solana-native Libra (LIBRA) token started its rally on Feb. 14, shortly after Milei posted about the project on X, formerly Twitter. His now-deleted post included a website and contract address for the token, which was a “private project” dedicated to “encouraging the growth of the Argentine economy.”
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After staging the most valuable airdrop in crypto history, the Hyperliquid token came into the spotlight for its decentralized distribution, which excluded venture capital (VC) firms and early investors.
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During an exclusive interview with Cointelegraph at the Emergence Prague 2024 event, Vitali Dervoed, co-founder and CEO of Composability Labs, said:
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Tokens tied to artificial intelligence agents are poised to soar in value to a total market capitalization of as much as $60 billion in 2025, Gracy Chen, CEO of cryptocurrency exchange Bitget, told Cointelegraph.
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Initial use cases for AI agents will include crypto transactions such as trading and wallet management, Chen said. Additionally, crypto exchanges will start launching AI agents to automate operations and improve customer service, she added.
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“The technology is not mature enough for large-scale investments due to the need for human control,” Chen cautioned, adding that investors should “opt for tokens backed by practical solutions [such as] those replacing a programmer or automating tasks.”
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Agentic AI tokens already command roughly $15 billion in total market capitalization and about $875 million in daily trading volume, according to Chen.
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The market capitalization of artificial intelligence agents surged by 222% in the fourth quarter of 2024, rising from $4.8 billion in October to $15.5 billion by December.
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On Jan. 14, CoinGecko published its “2024 Annual Crypto Industry Report,” which revealed that AI agents took off as a category shortly after the launch of the Goatseus Maximus (GOAT) coin on Solana in October.
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AI agents are autonomous software programs that leverage artificial intelligence to perform tasks, often in decentralized finance (DeFi) or as key components of blockchain ecosystems. These agents can range from automated trading bots to decision-making systems that interact with smart contracts.
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According to data from Cointelegraph Markets Pro and TradingView, most of the 100 largest cryptocurrencies by market capitalization ended the week in the green.
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According to data from Cointelegraph Markets Pro and TradingView, most of the 100 largest cryptocurrencies by market capitalization ended the week in the green.
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@amelia0brown9937
AI agents are autonomous software programs that leverage artificial intelligence to perform tasks, often in decentralized finance (DeFi) or as key components of blockchain ecosystems. These agents can range from automated trading bots to decision-making systems that interact with smart contracts.
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In November and December, Ether ETFs saw eight straight weeks of net inflows, including a record-breaking $2.2 billion in the week of Nov. 26, according to data from CoinShares.
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Analysts say this could reverse in 2025, especially if ETH’s price performance enhances ETF returns and regulators allow the funds to generate yields from staking.
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BlackRock’s iShares Ethereum Trust (ETHA) led among peers, onboarding upward of $3.5 billion in 2024 net inflows, Farside said. Fidelity Ethereum Fund (FETH) notched second place with $1.5 billion in net inflows.
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