Announcements Gate Research: Argentine President Faces Fraud Charges Over LIBRA Token Crash, Sony’s L2 Project Soneium Locks Over $50M in Value

Gate Research: Argentine President Faces Fraud Charges Over LIBRA Token Crash, Sony’s L2 Project Soneium Locks Over $50M in Value

2025-02-17 11:37:05 UTC 7005 Read

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**Gate Research Daily Report: **On February 17, the price of Bitcoin dropped by 1.29% to $96,349.1, while Ethereum's price fell by 0.78% to $2,677.21. The TVS (Total Value Staked) of the Soneium network surpassed $50 million. The protocol fee revenue of Pump.fun yesterday dropped over 85% from its peak. Bitcoin network activity dropped to a 12-month low. Jane Street acquired a 6% stake in the Bitcoin miner Iris Energy. Argentina's president is facing fraud charges due to the collapse of the $LIBRA token. Twelve U.S. states have bet on the Bitcoin giant Strategy.

**Market Analysis**: Bitcoin's price dropped by 1.29% to $96,031.5, while Ethereum's price fell by 0.78% to $2,677.21.
**Top Performers**: The top performing altcoins in the last 24 hours are SHELL, COQ, and TARA, which rose by 30.97%, 31.47%, and 19.59%, respectively.
**Data Highlights**: Soneium network's TVS (Total Value Secured) surpassed $50 million, while Bitcoin network activity dropped to a 12-month low.
**Spotlight Analysis**: Jane Street acquired a 6% stake in Bitcoin miner Iris Energy, and the President of Argentina has been charged with fraud due to the collapse of the LIBRA token.
**Market Opportunities**: HashKey Group, focused on global asset management in blockchain technology and digital assets, blockchain node validation, and tokenization services, has successfully completed $30 million in funding.

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Gate.io Team
February 18, 2025

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Gate Research: Argentine President Faces Fraud Charges Over LIBRA Token Crash, Sony’s L2 Project Soneium Locks Over $50M in Value

Gate Research: Argentine President Faces Fraud Charges Over LIBRA Token Crash, Sony’s L2 Project Soneium Locks Over $50M in Value

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