Millions gone in hours: The Explosive Milei’s MemecoinWelcome back to our report on the most influential events of the last few days. We will review the macro and crypto events that could influence the cryptocurrency market and traders' decisions.
We hope you enjoy it and to stay connected with more news remember to follow us on our YouTube channel and on X.
Let's start with the macro events that can generate more movement in the markets in the coming days.
- Conflict in Ukraine and its impact on energy markets
Trump continues to be in the news with every step he takes, this week he held talks with the presidents at war in Eastern Europe. Peace negotiations between the United States and Russia have generated expectations of a possible resolution to the conflict in Ukraine. This progress has caused a notable decrease in gas and oil prices, with the Dutch TTF index falling more than 10% in three days (lower oil prices, lower inflation pressure and this is bullish for crypto markets). A reduction in energy costs could influence the profitability of cryptocurrency mining and the operating costs of technology companies.
- US tariffs and trade tensions
President Donald Trump continues with his tariff measures, he has announced new 25% tariffs on steel and aluminum imports, affecting both allies and competitors. This measure has generated uncertainty in the financial markets and could have repercussions on the global economy, indirectly affecting the cryptocurrency market due to possible fluctuations in investor confidence and especially because it could generate an increase in prices in basic products consumed by people both inside and outside the United States.
- Cryptocurrency scandal in Argentina
It seems that we are now in a new crypto narrative, the memes of presidents and it is that not a weekend goes by without a world-renowned person taking out his own meme coin, in this case it was the turn of the Argentine president, Javier Milei, who has been denounced for alleged fraud related to the promotion of the cryptocurrency $Libra. The currency experienced a rapid appreciation followed by an abrupt collapse in just 2 hours, reaching a valuation of 4.5B dollars and in the following hours a fall of 90%, resulting in significant losses for more than 40,000 investors. This incident highlights the need for caution and diligence when investing in new cryptocurrency projects, especially those promoted by public figures. For now, the news remains alive with possible statements and announcements from the president and his team, with more details coming out every day on how this rugpull was created in just a couple of days.
- Global economic outlook
According to the International Monetary Fund, the world economy is expected to grow by 3.3% in 2025 and 2026, with global inflation decreasing to 4.2% in 2025. These projections indicate an economic stabilization that could positively influence financial markets and, therefore, the cryptocurrency ecosystem. Not everything seems to be bad news at the beginning of this year, let's hope that the monetary fund does not act as a counter indicator for several traders.
- Fluctuations in the cryptocurrency market
The cryptocurrency market has shown zero volatility during this week. On February 17, Bitcoin was trading around $96,888, reflecting a slight decrease of 0.89% in the last 15 days. Ethereum and other altcoins have also experienced similar movements where only the performance of $BNB stands out, which managed to break away from the other cryptos and achieve increases of almost 20%, although today it has recovered its parity with the general market and loses everything it rose. Curious traders and cryptonauts who follow us in these reports should be attentive to these changes and consider macroeconomic and geopolitical factors when making decisions in their trades, since Trump came to power every week is an endless adventure.
Continuing with the most important news and events in crypto we have:
- First tokenized issue in Spain approved by the CNMV
The National Securities Market Commission (CNMV) of Spain has authorized the first tokenized issue in the country, carried out by the company Dianelum. This issue, valued at 5 million euros, represents a milestone in the adoption of blockchain technologies in the Spanish financial sector and could open the door to future similar initiatives in Europe. Let us remember that Spain is one of the countries in which more regulations are made in the economic field and that this first tokenized issue could flourish, making it easier for the crypto sector to advance in other countries of the European Union.
- Sustained growth of the cryptocurrency market
Despite the controversies and regulatory challenges, the global capitalization of the cryptocurrency market has reached 3.4 trillion dollars at the end of 2024 and begins the year consolidating these levels with the arrival of the pro-crypto Trump government. This growth places cryptocurrencies among the most voluminous asset classes globally, surpassing traditional sectors such as listed real estate and commodities. This development reinforces the perception that cryptocurrencies are consolidating as an integral part of the global financial system several years ago. (We have already passed the stage of early adopters in crypto, we are now in the era of mass adoption)
- Blockchain protocol updates
Chainlink has launched its Cross-Chain Interoperability Protocol (CCIP), designed to improve connectivity and communication between different blockchain networks. This advancement facilitates the transfer of tokens and messaging between smart contracts on multiple chains, promoting greater interoperability in the crypto ecosystem. For now, chainlink did not suffer a significant change in its price with this update, today it is trading at $LINK at $19.47.
- Blockchain-based digital identity initiatives
World Network, formerly known as Worldcoin, has introduced new initiatives in the field of digital identity. Among the innovations are advanced devices for identity verification through iris scanning and the implementation of digital identification systems that guarantee the security and anonymity of users. These initiatives seek to establish a more secure and efficient digital identity infrastructure, taking advantage of blockchain technology. As for the price of $WDL, it is around $1.2 with a 92% drop from historical highs.
That was all for this week readers, remember that if you want you can suggest topics and analysis in the comments section both on our social networks and on our blogs.
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