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According to Whale Insider, Argentine authorities are moving to issue an Interpol Red Notice for Hayden Davis, the alleged mastermind behind the $LIBRA cryptocurrency collapse . Prominent lawyer Gregorio Dalbon filed a request urging legal authorities to secure Davis’s arrest. He submitted the request to prosecutor Eduardo Taiano and Judge María Servini. The petition cites a “procedural risk” if Davis remains free, given his access to financial resources. Davis played a key role in creating and promoting the $LIBRA token . The cryptocurrency gained traction after Argentine President Javier Milei shared it on social media. The token soared to a $4 billion valuation before crashing. Many investors accused Davis and his firm, Kelsier Ventures, of orchestrating a pump-and-dump scheme. Dalbon emphasized that Davis could flee the United States or go into hiding if authorities fail to act swiftly. He requested an international arrest warrant to prevent Davis from evading justice. Moreover, he insisted on Davis’s extradition to face charges in Argentina. Interpol’s Red Notice would alert global law enforcement agencies to locate and detain him. The LIBRA debacle triggered widespread legal repercussions in Argentina. Multiple fraud charges were filed against Milei for his alleged role in promoting the token. Additionally, U.S. authorities received reports concerning financial crimes tied to LIBRA. The president, however, denied direct involvement. He claimed he only “spread the word” about the cryptocurrency rather than actively endorsing it. Davis profited heavily from LIBRA’s rapid rise and fall. Reports indicate he gained nearly $100 million from the token’s launch. However, he denied ownership of the tokens and insisted he did not sell them. Leaked messages suggested he paid Milei’s sister, Karina Milei, to have the president promote the token. Davis later dismissed the claims, stating he had no record of such transactions. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

The much-awaited US Consumer Price Index (CPI) report for the month of February is finally out, hinting at cooling US inflation with the CPI numbers dropping to 2.8% from 3% earlier. In response to this, the Bitcoin price gave a quick move past $84,000. During the last month of February, the core CPI, which excludes the impact of food and energy prices, surged by 0.2% month-over-month, thereby bringing the annual inflation rate down to 3.1% from January’s 3.3%. Despite this decline, economists caution that President Trump’s tariff policies could exert upward pressure on prices in the coming months. The US inflation number drop comes at a time when the markets have been largely anticipating that the Federal Reserve will maintain its current interest rate levels. As per the FedWatch tool by CME Group, traders see a low probability of a rate cut during the Fed’s upcoming meeting next week. Fed Chair Jerome Powell, speaking last Friday, warned that the tariffs already enacted, along with those under consideration, could spur a wave of price hikes. This could, in turn, lead to higher inflation expectations among consumers. After a series of rate cuts, the Federal Reserve has paused further adjustments, keeping the federal funds rate steady within the range of 4.25% % % -4.50 %. Crypto analyst Michael van de Poppe has shared an optimistic outlook on Bitcoin’s price action. In a recent analysis, van de Poppe highlighted that Bitcoin’s chart remains strong despite current market conditions. “To be honest, the chart isn’t bad on Bitcoin,” he noted. “Test $84K again, make a new high, and we might be reversing the trend.” However, the Bitcoin price has once again faced a rejection at $84,000. As of press time, TC is trading at $82,503.16 with a market cap of $1.63 billion. Also, the daily trading volume has dropped by 25% to $45.64 billion, showing low investors’ interest in this pump. Crypto analyst Justin Bennett highlighted Bitcoin’s recent recovery, noting its successful reclaim and retest of the $81,500 level. Bennett attributed the positive market sentiment to the latest US Consumer Price Index (CPI) report, which came in lower than forecast, offering relief to risk assets after January’s higher-than-expected figures. “I can see $88K and possibly a $92K sweep,” Bennett stated , suggesting potential upside for Bitcoin in the near term, as highlighted in our earlier news article. It will be interesting to see whether the broader crypto market also catches up to the Bitcoin gains moving ahead.

AML Bitcoin creator convicted of fraud and money laundering Rowland Marcus Andrade, the creator of AML Bitcoin, has been convicted of wire fraud and money laundering in a pump-and-dump scheme tied to a 2017-2018 initial coin offering (ICO). U.S. prosecutors accused Andrade of…

Money supply is going up. Bitcoin will pump. Altcoins will explode.