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According to ChainCatcher, market sources report that Argentine judge Marcelo Giorgi has ordered the freezing of assets related to the Meme coin LIBRA scandal supported by President Milei. An indefinite "prohibition order" has been imposed on the properties and financial assets of Hayden Davis and two cryptocurrency operators (Argentine Orlando Mellino and Colombian Favio Rodriguez). The wallets of these two operators have shown suspicious activity and are currently under judicial review. Federal prosecutor Eduardo Taino requested this measure, which was supported by technical reports from departments related to financial investigation and illegal asset recovery, and recommended prosecution against the three individuals. The judge determined that the case met the requirements of reasonable suspicion and risk of delay, and approved the asset preservation request. Investors have lost approximately $100 millions to $120 millions due to this incident. The judge emphasized that the prohibition order is only valid for the strictly necessary period and also ordered the National Securities Commission to be notified, expanding the scope of the asset freeze to all related platforms within Argentina. In addition, the prosecution found that 42 minutes after Milei posted a tweet with a selfie with Davis, Davis transferred $507,500 through Bitget. These transfers may constitute indirect bribery.

According to ChainCatcher, monitored by GMGN, the market cap of the meme coin FARTCOIN on the Solana chain reached 300 million USD, then briefly dropped by 10%, and is now quoted at 0.306 USD. As a result, in the past hour, total liquidations across the network exceeded 7.87 million USD, ranking first, and in the past 4 hours, liquidations reached 9.56 million USD, with long positions accounting for about 99%. Network-wide liquidations were second only to BTC. In addition, according to HyperInsight monitoring, FARTCOIN liquidations on Hyperliquid accounted for about 47% of the total network, with the largest FARTCOIN long position already showing an unrealized loss of 240,000 USD (97%), a position size of about 2.5 million USD, and a liquidation price of 0.297 USD, only about 2.3% away from liquidation. ChainCatcher reports that the recent volatility in the cryptocurrency market has increased significantly, and investors should pay attention to risk control.