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- đź‘® Argentinian President Javier Milei charged with fraud over $LIBRA token scandal
đź‘® Argentinian President Javier Milei charged with fraud over $LIBRA token scandal
Let's Dive Into It!
Happy Monday dear subscribers! Today we’ll be talking about Javier Milei $LIBRA scandal!
In today's bulletin, we are covering:
Surfing the Market, with analysis about DEFI and the AI Index
Don't miss the News about Javier Milei and U.S. State Pension Funds
Polytrade is under the spotlight.
A short article about Changing Mind in Trading.
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Eyes on the DeFi Index, which is performing better than the average and bouncing from the lows. Getting closer to the main downtrend resistance for a final test. This squeeze will be extremely important:
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AI Index facing a challeging scenario here after the last rejection over the main downtrend resistance. Again a really important squeeze to decide the trend for the upcoming weeks:
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Argentina’s President Javier Milei Faces Fraud Charges Over $LIBRA Token Scandal
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Argentinian lawyers have filed fraud charges against President Javier Milei over his alleged role in the $LIBRA token project, which collapsed by 95% in value. Milei denies wrongdoing and has launched an investigation into the matter, while opposition leaders call for impeachment.
Milei is accused of fraud over the promotion of the $LIBRA token, which later crashed.
Plaintiffs include economist Claudio Lozano, a former Central Bank head.
Milei denies involvement and has launched an official anti-corruption probe.
Advisor Hayden Davis blames Milei for the crash, but on-chain data suggests insiders cashed out $107 million before the collapse.
Davis claims he will reinvest up to $100 million into the project by buying and burning the token.
A judge may be assigned to the case as soon as tomorrow.
U.S. State Pension Funds Hold $330M in Strategy (Formerly MicroStrategy) Stock
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Twelve U.S. states hold a combined $330 million in Strategy (formerly MicroStrategy) stock within their state pension funds and treasuries. California leads with the largest exposure, while other states like Florida, Wisconsin, and North Carolina also hold significant amounts. Strategy’s stock has surged 383% over the past year, outperforming the broader crypto market.
12 U.S. states hold Strategy stock in their pension funds and treasuries.
California’s teacher retirement fund holds the most shares, worth $83 million.
Other major holders: Florida ($46M), Wisconsin ($29M), North Carolina ($22M), and New Jersey ($26M).
Strategy owns 478,740 Bitcoin ($46B), making it the largest corporate BTC holder.
The company rebranded to “Strategy” on Feb. 5, emphasizing its Bitcoin focus.
MSTR stock is up 16.5% in 2025 and 383% year-over-year, outperforming the crypto market’s 62% growth.
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Polytrade
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The Origins
Polytrade is a blockchain-based platform focused on trade finance, aiming to bridge the gap between traditional finance (TradFi) and decentralized ecosystems. Founded in 2022, the project seeks to provide small and medium-sized enterprises (SMEs) with access to capital by tokenizing real-world assets (RWAs) such as invoices, treasury bills, commodities, and intellectual property.
The platform’s mission is to address inefficiencies in traditional trade finance, such as delayed payments, lack of transparency, and limited access to credit. By leveraging blockchain technology, Polytrade aims to create a more transparent and efficient system for financing trade-related activities.
Polytrade operates within the real-world asset (RWA) tokenization sector, which focuses on bringing tangible assets onto the blockchain to unlock liquidity and create new investment opportunities.
The Operative
The platform operates through three main business lines:
RWA Marketplace: A platform for trading tokenized real-world assets, including invoices, commodities, and intellectual property.
Trade Finance: Provides SMEs with financing options by connecting them with crypto lenders, offering quicker access to capital compared to traditional systems.
Institutional Technology: Offers blockchain-based solutions for institutional clients, enabling them to tokenize and manage assets securely.
Polytrade’s architecture is built on blockchain technology, with compatibility across multiple chains, including Polygon, Arbitrum, Kinto, Plume, Horizen EON, and Redbelly Network. This cross-chain functionality enables seamless trading of assets across multiple chains, ensuring a smooth and efficient user experience.
Key features of the platform include:
ERC-6960 Standard: Polytrade’s proprietary token standard supports both fungible and non-fungible tokens (NFTs), aiming to address limitations of existing token standards.
Smart Contracts: Automates the financing process, ensuring transparency and trustless execution. Payments are distributed to investors automatically once invoices are settled.
$TRADE Token: The native utility token used for governance, staking, and fee discounts within the ecosystem. Has a market capitalization of $16.23 million, with a circulating supply of 41.3% out of a total supply of 100 million.
Risk Assessment: Incorporates a framework to evaluate the creditworthiness of SMEs and ensure the quality of tokenized assets.
Service Provider Portal: To onboard supply chain finance service providers.
Delegator mechanism: To improve governance and increase community participation.
Partnerships: With entities such as MasterCard, DWF Labs, Ondo Finance, Clearpool Finance, Galileo Protocol, Goldfinch Finance, Maple Finance, MatrixPort, Atlendis, Polygon Labs, Swarm Markets, Defactor, and others.
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Summary & Competitors
Polytrade secured $1.2 millions in funding from investors, including Alpha Wave, Matrix Partners, and Polygon Ventures.
In terms of competition, Polytrade operates in a niche but growing space. Other platforms in the sector include Centrifuge, InvoiceMate or We.trade among others.
RWA tokenization sector continues to expand its services with innovation, contributing to facilitate the broader adoption of blockchain technology in trade finance.
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Changing Mind in Trading
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Keynes famously said, "When the facts change, I change my mind. What do you do, sir?" This phrase highlights a key aspect of every trader: if the initial conditions of a trade change, the strategy must be adjusted. Let's analyze this a bit.
Difference
Every trader must have a plan and, as the saying goes, stick to it. The most important reason is that the strategy is decided during moments of rationality, free from emotions. In other words, the plan must be followed strictly.
Let's suppose we buy at 10 with a SL at 9. If after buying, the price starts to drop to 9.5, we shouldn't close the trade immediately but rather respect the volatility margin we allocated for our position.
However, something rarely mentioned is that this rule applies only when the external conditions of the trade remain the same, and price movements fall within the previously considered parameters that led us to set that specific SL.
Change in Conditions
But what happens if conditions change drastically? In this case, a good trader takes note of what has happened, reviews their analysis, and likely determines that given the new circumstances, the previous strategy is no longer valid and must be modified.
For example, let's say we buy an altcoin with a 10% SL, assuming that BTC will move within a 3% range at its current price (meaning we don’t expect it to drop more than 3% due to support, moving averages, or other indicators in our analysis). However, if BTC starts dropping beyond that 3% range, our strategy becomes invalid, and our SL is likely to be triggered. At this point, we may choose to exit the position earlier or, if the SL is hit, go short, completely reversing our stance.
A similar example in stocks would be buying a stock and holding it as long as the index remains above a certain level. If the index drops below our trigger value, we should sell the stock since the context has changed and will likely affect its price, pushing it far beyond our loss tolerance.
These behaviors define a good trader for several reasons:
Quickly accept when they are wrong
Adjust their strategy
Execute a new plan
Considerations
Traders who excel at this practice are typically those operating on lower time frames (scalpers or day traders), as they are used to rapid and highly volatile movements. As the investment horizon increases, making these adjustments becomes more complex, as reversals may take several days to form.
What I aim to highlight in this article is a trader’s ability to adapt over ego and emotion. However, the line between sticking to the plan and making a sharp adjustment is very thin and takes a long time to master.
To summarize in fewer words:
Sticking to the plan is essential as long as the initial conditions remain valid.
If the initial parameters change, our strategy must change as well, as it was designed for a different market environment.
In a world like the markets, where information and conditions constantly shift, it is crucial to understand our limits and adapt as quickly as possible to new circumstances.
The best trader is not the one who seeks to be right but the one who makes money despite being wrong.
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