Argentine President Javier Milei haș addressed the burgeoning cryptocurrency scandal that has shaken his administration, ignited legal challenges and prompted calls for his impeachment. The debacle affected Argentine markets, leading to a major sell-off.

Elon Musk’s Department of Government Efficiency (DOGE) is setting its sights on the Securities and Exchange Commission, according to Politico. 

Japanese firm Metaplanet has bought an additional 269.43 bitcoin to bring its total cryptocurrency holdings to 2,031.41 BTC valued at around $193.6 million at the time of writing.

CCData, which was acquired alongside CryptoCompare by CoinDesk in November 2024, has today officially rebranded as CoinDesk Data. This move unites CCData’s industry-leading data and indexes under the CoinDesk family, creating a comprehensive crypto intelligence platform to empower market participants within the crypto industry.

Top stories in the Crypto Roundup today:

• Milei’s Crypto Misstep Rattles Argentine Markets
• Elon Musk's DOGE Agency Sets Sights on SEC
• Metaplanet’s Bitcoin Holdings Top 2,000 BTC
• Introducing CoinDesk Data

Milei’s Crypto Misstep Rattles Argentine Markets

Argentine President Javier Milei haș addressed the burgeoning cryptocurrency scandal that has shaken his administration, ignited legal challenges and prompted calls for his impeachment. The debacle affected Argentine markets, leading to a major sell-off.

The controversy stems from Milei endorsing a cryptocurrency called Libra that collapsed, leading to the removal of his endorsement. The President has now said that he didn’t post about the project to get people to buy the token, but rather to raise awareness about an effort to support Argentine businesses.

 “I’m not an expert. My specialty is economic growth, with and without money,” Milei told a local news outlet. Milei’s endorsement of the token saw its value soar, and its collapse has led to a significant fallout.

The Argentine government has launched an internal investigation, and his political adversaries are capitalizing on the crisis. The Argentine president has acknowledged that  his open-door policy, intended to foster solutions to Argentina’s economic woes, may have to be revised.

Economy Minister Luis Caputo has said the incident was an error in a topic that’s “very hard to understand,” and that Milei had no ill intentions. “It’s a world of specialists that’s very hard to understand. I don’t understand crypto either, and it’s been explained to me 800,000 times,” he said.

Investors in Buenos Aires reacted to the debacle by selling shares in major Argentine companies. The benchmark S&P Merval Index experienced its largest single-day drop since July, plummeting around 5.5%.

Elon Musk's DOGE Agency Sets Sights on SEC

Elon Musk’s Department of Government Efficiency (DOGE) is setting its sights on the Securities and Exchange Commission, according to Politico. 

The agency has expanded rapidly, adding more than 30 affiliate pages on X to crowdsource reports of government waste. Among them, a DOGE SEC account posted a call for public tips on “waste, fraud, and abuse” within the commission.

Musk’s longstanding tensions with the SEC are well documented. The regulator recently accused him of underpaying Twitter investors by over $150 million, a charge Musk dismissed, calling the agency a “totally broken organization.”

Democratic lawmakers, including Rep. Maxine Waters, have raised alarms over DOGE’s potential access to sensitive SEC data, particularly the Consolidated Audit Trail, a vast financial tracking system they fear Musk could exploit. 

The White House has sought to ease concerns, with press secretary Karoline Leavitt stating that President Trump will ensure Musk recuses himself from conflicts of interest.

Metaplanet’s Bitcoin Holdings Top 2,000 BTC

Japanese firm Metaplanet has bought an additional 269.43 bitcoin to bring its total cryptocurrency holdings to 2,031.41 BTC valued at around $193.6 million at the time of writing.

The Tokyo-based firm first started buying bitcoin in April 2024 and has now invested a total of 24.9 billion yen into the cryptocurrency, at an average price of 12.2 million yen per coin.

Metaplanet now ranks 16th in terms of the largest stack of Bitcoin holdings among publicly traded companies, according to data from Bitcoin Treasuries.

Introducing CoinDesk Data

CCData, which was acquired alongside CryptoCompare by CoinDesk in November 2024, has today officially rebranded as CoinDesk Data. This move unites CCData’s industry-leading data and indexes under the CoinDesk family, creating a comprehensive crypto intelligence platform to empower market participants within the crypto industry.

CoinDesk Data will integrate CCData’s expertise in financial benchmarks with CoinDesk’s reach in crypto journalism. This includes strengthening CoinDesk Indices with BMR-compliant benchmark products, covering multi-asset indices, reference rates, and investment strategies.

In the coming months, CoinDesk Data expects to introduce new data products, expanded research initiatives, and updates to its index offerings.

Read the full announcement.

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