COCO PAY presents a selection of the most important web3 news from the past week. Don’t miss out!
– The LIBRA token, promoted by Argentine President Javier Milei, lost 94% of its value in just a few hours. Eight wallets linked to the project withdrew $107 million in liquidity, causing a sharp drop in market capitalization—from $4.56 billion to $174 million.
– Tether, the issuer of the USDT stablecoin, has acquired a minority stake in the Italian football club Juventus. CEO Paolo Ardoino promised to restore the club’s former glory, stating: “We will make Juventus great again.”
– Elon Musk and his team, working on the DOGE initiative, are set to challenge the actions of the U.S. Securities and Exchange Commission (SEC). According to Politico, they are close to launching an investigation into alleged embezzlement and misconduct within the agency.
– U.S. President Donald Trump has once again emphasized his goal of making the country a global leader in cryptocurrency. Speaking at the Future Investment Initiative Institute in Miami, he claimed that Bitcoin’s record growth is a result of his economic policies.
– Raj Dhamodharan, head of crypto and blockchain at Mastercard, announced that the company aims to integrate traditional financial structures (TradFi) with blockchain technologies, ensuring regulatory compliance and fostering innovation.
– The Brazilian Securities and Exchange Commission (CVM) has approved the launch of the world’s first spot XRP-ETF, developed by Hashdex. The application was submitted in December 2024, and the product is now in the pre-operational stage.
– The founder of bankrupt crypto exchange FTX, currently serving a 25-year sentence for fraud, is hoping for a pardon from Donald Trump. Sam Bankman-Fried explained that his request stems from disappointment with the Biden administration and his support for Republicans, whom he sees as more reasonable in cryptocurrency regulation.
– A team of scientists from Imperial College London, led by Professor José Penadés, spent years studying superbug resistance to antibiotics. However, a Google AI model solved the problem in just 48 hours.
More news is coming soon. COCO PAY — always on top of the latest events!
