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Billionaire and tech mogul Elon Musk stunned the crowd at the Conservative Political Action Conference (CPAC) on Thursday when he took the stage wielding a red chainsaw, a gift from Argentine President Javier Milei. The move symbolized his stance against excessive government spending and bureaucracy.
During his speech, Musk harshly criticized the Democratic administration, accusing it of "betrayal," and vowed to support an audit of the Federal Reserve System (Fed). His remarks further solidified his position as one of President Donald Trump’s most influential advisors.
Criticism of Immigration Policy and Fight Against Government Waste
Musk took direct aim at Biden’s immigration policies, particularly an app that allowed one million migrants to gain two-year work permits in the U.S.. He condemned unchecked migration, warning about its economic and security impact.
Speaking at CPAC, Musk emphasized the urgent need to cut government spending and reduce bureaucracy to keep the U.S. competitive. He compared his vision to that of Argentine President Javier Milei, who is implementing radical economic reforms in Argentina.
Symbol of the Chainsaw: "End Bureaucracy!"
Before the conference, Musk met with Argentine President Javier Milei, who presented him with a chainsaw engraved with the phrase "Viva la libertad, carajo" (English: "Long live freedom, damn it!"). Musk called it a "chainsaw for bureaucracy", making his stance against government inefficiency crystal clear.
He also joked that El Salvador’s President Nayib Bukele was worried about his safety, hinting that he too is battling outdated government structures.
Musk: "My Mind Is Like a Storm!"
When asked about his way of thinking, Musk gave a short but powerful response:
"My mind is a storm. It’s a thunderstorm."
The remark was met with enthusiastic applause from the audience, which increasingly sees Musk not only as a tech visionary but also as a key figure in the fight against overregulation.
Bannon Overshadowed by Musk: "I’m Just a Crazy Irishman!"
Following Musk on stage was former White House strategist Steve Bannon, whose entrance received a far more subdued response. Aware of the contrast, he jokingly remarked:
"How did I get the card to follow Elon Musk? I’m just a crazy Irishman!"
This self-deprecating comment was one of the few moments that elicited genuine audience reaction during Bannon’s speech.
Musk Strengthens His Political Influence
Musk’s electrifying appearance at CPAC 25 was yet another sign of his growing influence in American politics, particularly among conservatives. As a close advisor to Donald Trump, he now plays a key role in shaping economic policy, technological progress, and government regulations.
With a chainsaw in hand and a vision for radical change, Musk made it clear that his political engagement is just beginning. 🚀

#ElonMusk , #JavierMilei , #CryptoNewss , #FederalReserve , #DonaldTrump

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

In the unstable world of cryptocurrencies, celebrities are turning promotion into a gamble. Political figures like Melania Trump and Argentine President Javier Milei have unexpectedly become promoters of meme coins — satirical tokens that thrive on hype rather than utility.
Melania Trump, the First Lady of the United States, launched $MELANIA on Solana in January 2025 through MKT World LLC. An AI video on X promised "a path to the future," causing a stir. However, the token collapsed, losing all its value. A federal lawsuit accuses the creators of a pump-and-dump scheme: they used Melania's image as bait. Investors lost millions due to fake markets and paid influencers.

Amidst the global cryptocurrency boom, Argentina has found itself embroiled in a strong controversy following the public promotion of the cryptocurrency $LIBRA, driven by President Javier Milei. What began as a proposal for financial innovation ended up affecting thousands of people with million-dollar losses.
🧨 What happened to $LIBRA?
The cryptocurrency $LIBRA was announced as a revolutionary solution to combat inflation and decentralize the economy. For weeks, it was intensely promoted by figures from the political and media environment, which rapidly drove up its price.

Argentina’s financial markets took a heavy hit this week. Corruption allegations against officials linked to President Javier Milei shook investor confidence, deepened political uncertainty, and complicated the run-up to October’s midterm elections.

📉 Markets in the Red
On Monday, Argentina’s dollar-denominated bonds dropped to multi-month lows – the 2038 sovereign bond fell 2.4 cents to 67.37 cents on the dollar, its weakest level in more than four months. The 2041 bond lost nearly 3 cents.
The Merval Index (.MERV), the country’s stock market benchmark, sank 4% after a 3.8% decline the previous week. The peso also weakened nearly 3% to 1,356 per dollar. Asian FX markets priced the official rate at 1,358.9. Over the past four weeks, the peso lost more than 5% against the dollar, though it remains up over 43% year-on-year.

🕵️ Bribery Probe: Milei’s Sister Implicated
The scandal erupted after the release of audio recordings allegedly capturing Diego Spagnuolo, former head of Argentina’s disability agency, discussing bribery schemes. The tapes also mention Karina Milei, the president’s sister and chief of staff, as a recipient of illegal payments.
Authorities raided multiple properties, seizing phones and even a money-counting machine. Spagnuolo was swiftly removed from his post, though the authenticity of the tapes has not yet been confirmed. President Milei dismissed the allegations as politically motivated attacks by the opposition.

⚖️ Political Pressure and Loss of Confidence
Opposition lawmakers are demanding testimony from health officials overseeing the disability office. Tensions have also escalated following Milei’s recent veto of disability aid, which Congress failed to override. The upcoming October elections may effectively serve as a referendum on Milei’s market reforms and budget cuts.
“Investors fear the scandal could weaken Milei’s ability to push through tough reforms,” said Marcelo Garcia, director of Horizon Engage. “Without action, it looks like he doesn’t care about the weak and poor.”

⚡ Milei’s Combative Style at Risk
Milei’s confrontational political style once helped pull Argentina out of years of recession. But this time, it could backfire.
“His strategy requires him to remain highly popular,” Garcia explained. “Any scandal that erodes that popularity could seriously complicate his economic agenda.”

👉 Argentina now faces weeks of uncertainty: falling markets, a weakening peso, and a corruption investigation that could undermine the very foundation of Milei’s government and its reform plan.

#JavierMilei , #argentina , #Corruption , #markets , #economy

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Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

The crypto world is wild, unpredictable, and sometimes downright bizarre. This past week, we've witnessed events that even Hollywood screenwriters couldn't dream up. From an unexpected live stream disaster, to a viral dog marketing stunt, and even political turmoil tied to crypto.
Here’s a breakdown of the six craziest moments that rocked the market!
1. NEAR Protocol’s Accidental NSFW Livestream – Token Pumps 6%
In the crypto world, any publicity is good publicity – and NEAR Protocol just proved that.
During a public conference call, a former NEAR Protocol manager accidentally live-streamed explicit content. What was supposed to be a routine meeting turned into an awkward viral moment that spread across the crypto space in minutes.
The result? NEAR’s token pumped 6%.
Apparently, in crypto, scandals make for bullish price action! 🚀📈

2. Vitalik Buterin Tweets About Communism – ETH Pumps 5%
Ethereum’s co-founder, Vitalik Buterin, is known for his deep thoughts on decentralization, but this week, he took things in a different direction. He tweeted:
🟥 "Make communism great again Milady." 🟥
ETH’s price immediately jumped by 5%.
Who would have thought that communism could be bullish?! 😆

3. CZ Doxxes His Dog "Broccoli" – BSC Goes Crazy 🐶🥦
Former Binance CEO Changpeng "CZ" Zhao pulled off a surprise marketing stunt by introducing the world to his dog, Broccoli.
The goal? Bring more liquidity to Binance Smart Chain (BSC).
And it worked like magic – within hours, over 1,000 "Broccoli"-themed meme coins were launched!
Turns out, even a dog can pump the crypto market. 🐕💰

4. Central African Republic President Launches a Token – Then It All Falls Apart 🌍💸
The President of the Central African Republic announced the launch of a new token via Twitter.
Investors rushed in, pumping its value to $500 million.
Then, suddenly:
🚨 The official Twitter account was suspended.
🚨 The project’s website went offline.
🚨 Concerns about token supply manipulation emerged.
Within hours, the token crashed 96% – another reminder that political crypto projects can be risky AF. 🤦‍♂️

5. Argentina’s President Milei Launches LIBRA – The Pump and the Dump
Argentine President Javier Milei launched a new token called LIBRA, which soared to a market cap of $4.5 billion in no time.
But what happened next?
👀 Developer wallets started draining liquidity, pulling out over $87 million.
📉 LIBRA’s price crashed by 90%.
This turned into one of the biggest crypto rug pulls of the year.

6. Impeachment Incoming? Milei Under Investigation for LIBRA
Just days after LIBRA’s collapse, rumors started flying about a possible impeachment for President Milei.
Independent crypto sleuths are investigating potential ties between Milei and crypto insiders who helped launch LIBRA.
The result? One of the biggest political-crypto scandals of the year – and possibly, the first-ever impeachment triggered by a meme coin. 🏛️🔥

What’s the takeaway?
This week in crypto was a rollercoaster of insanity, proving once again that this space has no rules, only vibes.
🔹 Scandals pump tokens.
🔹 One tweet can move markets.
🔹 A dog named Broccoli can spark a meme coin frenzy.
🔹 Politicians are jumping into crypto – and it’s not always ending well.
What do you think about this week’s craziness? Which event shocked or entertained you the most? Drop your thoughts in the comments! ⬇️💬

#CryptoScandal , #CryptoNewss , #nearprotocol , #JavierMilei , #VitalikButerin

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Notice: This article is for educational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry risks and may result in financial losses.

Javier Milei, the president of Argentina, is embroiled in a controversy related to the Libra (LIBRA) cryptocurrency. He had announced the launch of the cryptocurrency on his official X account, promising that it would boost the Argentine economy by funding small businesses and startups.
However, the cryptocurrency collapsed just hours after its launch, losing 89% of its value and raising suspicions of market manipulation. The token’s creators withdrew around $107 million, wiping out nearly 94% of the token’s value in a matter of hours.

Argentina's Congress has officially launched an investigation into the LIBRA cryptocurrency scandal, approving the creation of a special committee to uncover the truth behind a dramatic crash that left tens of thousands of investors in financial ruin — and placed President Javier Milei at the center of controversy.
The storm erupted in February, when Milei publicly promoted the Solana-based memecoin LIBRA on his official X account, calling it a "private initiative" aimed at boosting Argentina's startup ecosystem. The token skyrocketed to a stunning $4.5 billion valuation, only to crash by 90% within 24 hours. The result: over $250 million in losses and around 75,000 affected wallet holders.
Milei quickly deleted the promotional post, claiming he “was unaware of the project’s details.” But the damage was done — and the public demanded accountability.

Investigation Targets Top Government Officials
Congress has now approved the creation of a special commission that will summon high-level officials including Economy Minister Luis Caputo, Justice Minister Mariano Cúneo Libarona, Chief of Staff Guillermo Francos, and National Securities Commission head Roberto Silva. The resolution passed with 128 votes in favor, 93 against, and 7 abstentions.
The committee will also request documentation from the national government to determine whether individuals close to Milei were involved in the alleged scam.

Private Project or Political Trap?
LIBRA is closely linked to Hayden Davis, CEO of Kelsier Ventures, who allegedly pitched the project to Milei in a January meeting. In March, an Argentine attorney called for Davis’ arrest over fraud allegations.
A New York-based law firm has also begun rallying affected investors to join a potential class action lawsuit.

Milei’s Second Crypto Scandal
This isn’t Milei’s first brush with crypto controversy. Back in 2022, he faced a lawsuit for promoting CoinX, an investment platform that promised large returns — but delivered losses and disappointment instead.

#libra , #memecoin , #JavierMilei , #CryptoNewss , #Cryptoscam

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“