Crypto Chaos: Milei’s $LIBRA Scandal + ETH’s $5K Dream 🚀

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Hey crypto trailblazer, 👋

A presidentially endorsed meme coin imploded in Argentina, leaving investors wrecked and a nation’s leader facing political fire. Meanwhile, Ethereum is showing early signs of a potential surge to $5,000, with fresh catalysts driving bullish sentiment.

From political scandals to market movers, here’s everything you need to know. 👇

🚨 Milei’s $LIBRA Meltdown 🚨

Argentina's President Javier Milei is facing a political and financial crisis after promoting the cryptocurrency $LIBRA. On February 14, 2025, Milei endorsed $LIBRA on social media, sending its value soaring from $0.000001 to $5.20 within minutes—only to crash below $1 soon after, wiping out investors.

The Argentine fintech chamber suspects a "rug pull"—where insiders pump a crypto's value before cashing out, leaving others with worthless tokens. Opposition lawmakers are calling for Milei’s impeachment, accusing him of fraud. He has since deleted his post, claiming ignorance of the project’s details and requesting an anti-corruption probe.

The fallout was swift: Argentina’s S&P Merval stock index dropped nearly 4%, spooking investors. Federal Judge María Servini is now investigating multiple fraud complaints against Milei. Analysts doubt impeachment will succeed, but the scandal threatens his credibility and economic reforms as elections loom.

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🚀 Ethereum's Path to $5,000: Key Catalysts to Watch

Ethereum (ETH) is hovering around $2,683, down 35% from its November peak. Yet, several bullish signals suggest ETH could be gearing up for a run to $5,000:

• Spot ETF Inflows: Interest in Ethereum ETFs is holding strong, with 7 of the last 10 trading days seeing inflows, totaling $3.15 billion so far.

• Shrinking Exchange Balances: Data from CoinGlass shows ETH reserves on centralized exchanges have dropped from 16.2M to 15.3M, a sign that investors are moving funds to self-custody—typically a bullish signal.

• Network Activity on Fire: Ethereum’s decentralized exchanges have processed $2.28B in transactions in the last 24 hours, showing sustained demand.

With these trends in play, ETH’s fundamentals are looking good—now it’s just a matter of whether the price follows suit.

Stay epic,

Epic Crypto News Team

DISCLAIMER: This newsletter is for educational purposes only. Nothing here is financial advice. Do your own research before making any investment decisions. Crypto markets are volatile and risky. Only invest what you can afford to lose.

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