Mises

Official statement from Argentina: President Javier Milei will immediately transfer LIBRA-related matters to the Anti-Corruption Office and promises a thorough investigation until the truth is revealed

ChainCatcher news, according to the Argentine presidential office: "On October 19, 2024, President Javier Milei met with representatives of KIP Protocol in Argentina. During this meeting, the company representatives presented the president with their intention to develop a project called 'Viva la Libertad' ('Long Live Freedom'), which aims to utilize blockchain technology to provide financing for private enterprises in Argentina.This meeting has been officially recorded in the public hearing registry, with participants including the national president, KIP Protocol representatives Mauricio Novelli and Julian Peh, as well as presidential spokesperson Manuel Adorni.In this context, on January 30, 2025, the president met with Hayden Mark Davis at the Casa Rosada (Rose Palace). According to the introduction by KIP Protocol representatives, Mr. Davis will provide the technical infrastructure for the project. Mr. Davis has had no prior association with the Argentine government, nor has he established any relationship with it; he was referred as a project partner by representatives of KIP Protocol.Finally, yesterday, the president posted a message on his personal social media account announcing the launch of the KIP Protocol project, similar to his usual support for many entrepreneurs looking to start projects in Argentina to create jobs and attract investment. Due to the widespread attention the project launch received, and to avoid any speculation and reduce further dissemination, the president decided to delete this post.In light of the above, President Javier Milei has decided to immediately refer this matter to the Anti-Corruption Office (OA) to determine whether there has been any misconduct by any members of the national government, including the president himself, in this incident.Additionally, the national president has decided to establish an investigative task force (UTI) under the presidential office, which will consist of representatives from institutions and departments related to cryptocurrency, financial activities, money laundering, and other relevant fields, to consolidate information for an urgent investigation into the release of the cryptocurrency LIBRA and all related businesses or individuals.All information collected during the investigation will be handed over to the judicial authorities to determine whether any businesses or individuals associated with the KIP Protocol project are suspected of criminal activity.President Milei has demonstrated his commitment to the pursuit of truth through concrete actions and has pledged to thoroughly investigate this incident until the truth is revealed."

Greeks.Live: Focus on the release of US CPI data next week, as the market awaits the fulfillment of various promises made by Trump during his presidency

ChainCatcher news, Greeks.Live analyst Adam posted that Bitcoin has retraced after failing to breach the $100,000 mark, with ETF funds continuing to flow out. Trump is about to officially take office as President of the United States, but major speculative markets are filled with risk-averse sentiment, leading to significant declines in U.S. stocks. Next week (January 13 to 19), the market focus will be on the release of the U.S. CPI data on Wednesday. This will be the most important macro data before Trump's inauguration, and the market is now waiting for the various promises made by Trump to be fulfilled.In the options market, due to ample institutional margins, there is a large sell-off whenever there is an opportunity to sell, resulting in a noticeable decline in short- to medium-term implied volatility (IV). From the options trading perspective, large bullish options trades are active, mainly used to supplement institutional short positions, with January options being relatively undervalued and March options being relatively overvalued.In addition, new EU regulations require cryptocurrency exchanges to comply with travel rule guidelines and strengthen anti-money laundering measures, with exchanges like Deribit needing to improve KYC to operate normally. In the interest rate market, Bitfinex's interest rate market has recently performed steadily, and it is recommended to actively trade at appropriate rates, especially during market volatility.

Opinion: Cryptocurrency investors are closely watching whether Trump can fulfill his promises within the first 100 days of his term

ChainCatcher news, according to Morningstar, investors seeking to continue the cryptocurrency bull market will closely monitor any regulatory changes in 2025, as well as whether Trump's commitments to the crypto industry will materialize. Trump has repeatedly vowed to support the crypto industry during his campaign and has received backing from several key figures in the sector.Fundstrat's head of digital assets, Sean Farrell, explained, "The first 100 days of Trump's term will be very, very important, as analysts often use the 'first 100 days' as a benchmark for measuring the efficiency and influence of an incoming U.S. president." Although the incoming president has yet to outline any specific plans, investors will be watching to see if Trump fulfills his promise to establish a strategic Bitcoin reserve in the U.S., which primarily includes:Clear guidelines on which cryptocurrencies should be classified as securities;Whether Trump will fulfill his commitment to establish a strategic Bitcoin reserve in the U.S.;Any changes to the SAB121 bill, which establishes accounting standards for companies that custody cryptocurrencies, requiring publicly traded companies, including banks, to recognize the cryptocurrencies they hold in custody as liabilities on their balance sheets;Whether the Federal Reserve will significantly lower its key policy interest rates in 2025.

Robert F. Kennedy Jr. promises to establish a Bitcoin strategic reserve: if elected, he will purchase 500 BTC daily until reaching 4 million

ChainCatcher news, independent presidential candidate Robert F. Kennedy Jr. delivered a speech at the Bitcoin2024 event on July 26, Beijing time, highly praising the potential role of Bitcoin in improving the U.S. economy and way of life.He promised to sign multiple executive orders to initiate relevant processes once in office. Kennedy stated that he would request the Department of Justice and U.S. Marshals to transfer the 204,000 Bitcoins held by the U.S. to the Federal Reserve as "strategic assets" and instruct the Treasury to purchase 500 Bitcoins.He predicted that the U.S. would achieve a "dominance that other countries cannot surpass," with the eventual value of its Bitcoin reserves reaching "trillions of dollars."Additionally, Kennedy plans to order that all transactions between Bitcoin and the U.S. dollar do not need to be reported to the IRS and that Bitcoin be included in the 1031 exchange program to encourage investment.He emphasized that the freedom to transact is as important as freedom of speech, and Bitcoin can provide this freedom and help restore the U.S. economy. Kennedy also stated that if the world adopts the Bitcoin standard, there will be no more wars because "Bitcoin cannot be printed."He plans to appoint Space Force Major Jason Lowery as National Security Advisor and has committed to backing U.S. Treasury bonds with hard assets, including precious metals and Bitcoin, to strengthen the dollar, control inflation, and usher in a new era of financial stability.
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