Daily Market BriefFeb 17, 2025

Daily Market Brief 250217

  • $BTC is trading at $96,132.09 while $ETH is at $2,662.80.

  • A major scandal has erupted in Argentina as President Milei faces fraud charges over promoting $LIBRA cryptocurrency. The token, which peaked at a $4.5B market cap, crashed 95% to $232MM after 8 wallets cashed out $107MM. KIP Protocol, the Web3 firm behind the project, denies rug pull accusations.

  • Notable developments in crypto x professional sports: Coinbase has secured a partnership with Aston Martin's Formula One team paid entirely in USDC. Additionally, Tether has purchased a minority stake in Juventus football club.

  • The SEC has requested a 28-day extension until March 14 to respond to Coinbase's appeal, citing its newly formed crypto task force led by Commissioner Hester Peirce.

  • During the last 24 hours, the top three gainers were $GLM, $IP, and $ZEC, while the top three losers were $KET, $SPX, and $AI16Z.

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