A social media post by Argentine President Javier Milei endorsing a cryptocurrency has sparked controversy, backlash, and impeachment threats
Argentine President Javier Milei is under fire and facing impeachment threats after promoting a cryptocurrency in a social media post, which later crashed.
Milei posted on X endorsing the little-known crypto coin $LIBRA, causing its value to surge to nearly $5 per token. However, just hours later, the cryptocurrency plummeted to below $1.
Argentina’s fintech chamber has acknowledged that the case could potentially be a "rug pull," a scheme in which developers inflate a token’s value through legitimate investments before selling off their holdings and causing its collapse.
Opposition lawmakers have announced plans to file an impeachment request against the president.
Milei deleted the post after a few hours, claiming he was unaware of the circumstances and had no connection to the cryptocurrency.
Argentina’s Presidential Office has announced the creation of a task force to investigate the launch of $LIBRA and the companies and individuals involved in its operation.
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The death toll from a quarry collapse in Indonesia’s West Java province rose to 19, with six people still missing, officials said on Sunday.
Ukraine has outlined its formal negotiating framework ahead of planned peace talks with Russia, set to take place on June 2 in Istanbul, according to a full document seen by Reuters.
U.S. Treasury Secretary Bessent said on Sunday that he expects President Donald Trump and Chinese President Xi Jinping to speak soon in an effort to resolve a growing dispute over critical minerals.
As Germany considers providing long-range Taurus missiles to Ukraine, military experts warn the move could enable Kyiv to strike targets deep inside Russian territory, including Moscow — a shift that could escalate tensions and draw NATO closer to direct confrontation.
The death toll from a quarry collapse in Indonesia’s West Java province rose to 19, with six people still missing, officials said on Sunday.
Ukraine has outlined its formal negotiating framework ahead of planned peace talks with Russia, set to take place on June 2 in Istanbul, according to a full document seen by Reuters.
U.S. Treasury Secretary Bessent said on Sunday that he expects President Donald Trump and Chinese President Xi Jinping to speak soon in an effort to resolve a growing dispute over critical minerals.
As Germany considers providing long-range Taurus missiles to Ukraine, military experts warn the move could enable Kyiv to strike targets deep inside Russian territory, including Moscow — a shift that could escalate tensions and draw NATO closer to direct confrontation.
Ukraine has carried out one of its largest drone strikes of the war, reportedly hitting more than 40 Russian military aircraft at multiple air bases, a Ukrainian security official told Reuters on Sunday.
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