Libragate – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Sun, 30 Mar 2025 10:34:14 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Libragate – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Libragate Hits Hard: Support for Javier Milei Drops in New Survey https://earlybirdsinvest.com/libragate-hits-hard-support-for-javier-milei-drops-in-new-survey/ https://earlybirdsinvest.com/libragate-hits-hard-support-for-javier-milei-drops-in-new-survey/#respond Sun, 30 Mar 2025 10:34:14 +0000 https://earlybirdsinvest.com/libragate-hits-hard-support-for-javier-milei-drops-in-new-survey/

A recent poll suggests that many Argentinians have lost trust in President Javier Milei following his connections to the $4.6 billion LIBRA token scandal, also known as Libragate.

According to research by Zuban Córdoba, 57.6% of the 1,600 people surveyed said they do not trust him, while 36% said they still support him. The rest, 6.4%, were unsure.

The researchers noted that negative views of the president are growing steadily and show no sign of slowing down. They added that the public mood has clearly shifted, with more political problems now being noticed by the public.

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The poll was carried out from March 12 to 14 and has a 95% confidence level, with a margin of error of 2.45%.

Other signs of public opinion—like how people view his image and the way he runs the country—have also dropped. For example, approval of his overall management went from 47.3% in November 2024 to 41.6% in March 2025.

However, a poll by Morning Consult, held from February 27 to March 5, reported that President Milei had a 62.4% approval rating during that time.

Despite falling trust in some areas, President Milei’s political group, La Libertad Avanza, remains in a strong position ahead of the next election. It currently holds the support of 36.7% of likely voters. Its main rival, Unión por la Patria, has 32.5%.

Meanwhile, Burwick Law has recently filed a class-action lawsuit against the developers of the LIBRA token. What are the details? Read the full story.

Aaron S. Editor-In-Chief

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

]]> https://earlybirdsinvest.com/libragate-hits-hard-support-for-javier-milei-drops-in-new-survey/feed/ 0 28026 Libragate Unfolds: Argentine Prosecutor Targets $110 Million in Frozen Funds https://earlybirdsinvest.com/libragate-unfolds-argentine-prosecutor-targets-110-million-in-frozen-funds/ https://earlybirdsinvest.com/libragate-unfolds-argentine-prosecutor-targets-110-million-in-frozen-funds/#respond Fri, 07 Mar 2025 02:30:20 +0000 https://earlybirdsinvest.com/libragate-unfolds-argentine-prosecutor-targets-110-million-in-frozen-funds/

An investigation into the LIBRA token scandal, dubbed “Libragate”, has led Argentine federal prosecutor Eduardo Taiano to request the freezing of up to $110 million in assets.

The case, which involves potential insider trading and financial misconduct, has drawn attention due to the involvement of President Javier Milei, who previously promoted the token.

According to Clarin, a local media outlet, Taiano has also asked for the recovery of deleted social media posts, including those where Milei endorsed LIBRA. Investigators believe these posts may have influenced trading activity.

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In addition, he has requested transaction records to track LIBRA’s trading patterns, particularly from February 14 to 15, when its trading volume peaked.

Authorities have identified eight wallets linked to the LIBRA team that collectively withdrew around $107 million before the token’s value collapsed.

Recently, investigators traced $4.5 million from one of these wallets to a new address, where some funds were used to buy another meme coin, POPE. Officials suspect this could be an attempt to move or conceal funds.

To prevent further asset transfers, the prosecutor has requested phone logs and visitor lists from the presidential residence and office while compiling a list of blockchain specialists and individuals who may have relevant information.

Furthermore, Taiano has called for digital wallets associated with the case to be frozen. He has also filed international requests for data from foreign crypto exchanges to trace cross-border transactions.

Recently, Nansen, a blockchain research firm, analyzed trading data and found that most investors in the LIBRA token suffered losses. How much did they lose? Read the full story.

Aaron S. Editor-In-Chief

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

]]> https://earlybirdsinvest.com/libragate-unfolds-argentine-prosecutor-targets-110-million-in-frozen-funds/feed/ 0 23700 Nic Carter Declares the End of Memecoins After $4 Billion Libragate https://earlybirdsinvest.com/nic-carter-declares-the-end-of-memecoins-after-4-billion-libragate/ https://earlybirdsinvest.com/nic-carter-declares-the-end-of-memecoins-after-4-billion-libragate/#respond Thu, 20 Feb 2025 11:17:49 +0000 https://earlybirdsinvest.com/nic-carter-declares-the-end-of-memecoins-after-4-billion-libragate/

The popularity of meme coins appears to be fading, with fewer new tokens being introduced.

Data from Dune Analytics shows a 59% drop in memecoin launches on Solana
SOL


$173.24

-based Pump.fun over the past month.

This decline follows growing concerns about fairness in meme coin markets, particularly after the $4 billion LIBRA controversy, also known as Libragate, which involved Argentine President Javier Milei.

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A partner at Castle Island Ventures, Nic Carter, believes this marks the end of meme coins. On February 19, he stated on X that “meme coins are cooked”, arguing that recent events have exposed deep flaws in the industry.

He explained that meme coins initially gained traction as a more accessible alternative to venture capital-backed tokens with high valuations. While many viewed them as a form of gambling, they at least seemed open to all investors. However, he now sees this fairness as an illusion, citing cases where celebrity-backed meme coins were launched in ways that favored insiders.

Carter pointed to projects linked to figures like US President Donald Trump and influencer Hailey Welch as examples of unfair practices. According to him, these tokens were designed to benefit early buyers at the expense of regular investors.

However, Coinbase



$2.31B

CEO Brian Armstrong has defended meme coins, saying their potential should not be dismissed. Armstrong stated in a February 19 post on X, “Just like the early days of the internet with animated gifs, new technologies often look like a toy but evolve into something much more powerful over time”.

Recently, Hayden Davis, the creator of the LIBRA token, claimed that criticism of meme coin trading comes from investors upset about missing out on insider deals. What did he say about it? Read the full story.

Aaron S. Editor-In-Chief

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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