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Quick Take Barstool Sports founder Dave Portnoy appears to have mistakenly invested nearly $170,000 worth of Solana buying a random LIBRA token, not the one grabbing headlines in recent days. The LIBRA token Portnoy purchased, which has a different contract address than the memecoin famously linked to Argentinian President Javier Milei, shot up in price after the memecoin trader bought it. Portnoy could lose more than half of what he paid for the illiquid token if he liquidates his position.

Quick Take Buyers of Trump-branded watches, fragrances, sneakers or digital collectible cards may be eligible for a TRUMP memecoin airdrop. Users will get three TRUMP tokens no matter how many products they purchased, as long as they bought the items before Feb. 15.

Quick Take Argentinian President Javier Milei faces fraud charges over his involvement in the Solana-based LIBRA memecoin, which collapsed 95% from its peak. An Ethereum user burned 500 ETH ($1.38 million) on Monday and 603.38 ETH ($1.67 million) in total over the past seven days to spread bizarre warnings about alleged “brain control” technology via onchain messages.

Quick Take Standard Chartered, Animoca Brands and HKT have teamed up to issue a Hong Kong dollar-backed stablecoin. The initiative comes as Hong Kong prepares to pass a bill regulating stablecoins.

About 500 ETH ($1.37 million) was sent to the Ethereum burn address. An accompanying cryptic message accused Kuande Investment executives of misconduct. The same address previously made significant donations to WikiLeaks and a Ukraine donation address.

SOL is predicted to soar to as much as $1,000 in the near future. XRP and ETH have also formed technically bullish setups in their price action. ADA is also forecasted to claim $1 as the broader market remains sluggish.

Fed’s hawkish stance and unexpected inflation data drove digital asset outflows, with Bitcoin and Ethereum taking major hits.