Good Morning Crypto Enthusiasts!

Glad to have you back for another edition of the UseTheBitcoin.com newsletter.

1. Milei Faces Impeachment Over LIBRA: Argentine President Javier Milei is under fire for endorsing the now-collapsed LIBRA token, which lost 94% of its value. Lawmakers call it an "international embarrassment" as insiders allegedly cashed out $107 million.

2. 📈Technical Analysis Masterclass - . Watch UseTheBitcoin’s latest Youtube video “” or join our Official Telegram Channel for more alpha!

3. 🪂Airdrop Essentials🎁: Get the latest airdrop now! Read UseTheBitcoin’s “Royco Protocol Potential Airdrop Guide” to learn more on how to qualify and participate in the Royco Protocol Potential Airdrop!

4. KIP Protocol’s LIBRA Role: KIP Protocol admitted to handling LIBRA fund distribution but denied involvement in tokenomics or insider trading. Despite their claims, blockchain data shows 50% of LIBRA’s supply in one wallet.

5. 💡Feature of the Day - Las Vegas Ponzi Scheme Exposed: Brent Kovar, a Las Vegas resident, has been charged in a $24 million Ponzi scheme, falsely promising AI-driven crypto profits.

   
   All this and more in today’s headlines!

📰 News Highlights:

Milei Faces Impeachment Over LIBRA [Source][Source][Source][Source]

Argentine President Javier Milei is facing impeachment calls after endorsing the now-collapsed Libra (LIBRA) token, which lost over 94% of its value.

Milei’s X post promoted the Solana-based project, briefly pushing its market cap to $4.56 billion before insiders allegedly cashed out $107 million.

Opposition lawmakers condemned the endorsement, calling it an international embarrassment.

Blockchain analysts had previously flagged concerns over the token’s structure, warning that 82% of its supply was unlocked from the start.

Milei has denied any connection to the project, stating that his political opponents are exploiting the situation.

🪂Airdrop Essentials🎁:

Royco Protocol Potential Airdrop Guide

Royco Protocol is revolutionizing DeFi with Incentivized Action Markets (IAMs)—where users can earn rewards for executing on-chain transactions.

This model helps new projects boost liquidity by attracting participants with incentives.

While an airdrop isn’t guaranteed, engaging with the platform could put you in a good position for future rewards.

🔍 Read the full guide here: Royco Protocol Potential Airdrop Guide

KIP Protocol LIBRA Involvement [Source][Source][Source]

KIP Protocol confirmed its involvement in the LIBRA token, stating it was hired to distribute funds but did not create or manage the project’s tokenomics.

CEO Julian Peh denied any role in insider trading, emphasizing that KIP Protocol did not act as a market maker.

Despite their claims, blockchain analytics revealed that 50% of LIBRA’s supply remains in a single wallet, raising red flags about potential fraud.

LIBRA gained investor trust after Milei promoted the project, but his subsequent retraction and the token’s collapse have cast doubt on its legitimacy.

🎁Freebie:

Download your free ebook now and take the first step toward mastering CRYPTO IN UNDER 60 MINS!

💡 Feature of the Day: 

Las Vegas Ponzi Scheme Exposed [Source][Source]

Brent Kovar, a Las Vegas resident, has been charged with running a $24 million crypto-related Ponzi scheme.

His company, Profit Connect, promised 15-30% annual returns through AI-driven crypto mining.

However, authorities allege he misused investor funds to finance a lavish lifestyle.

Kovar is facing multiple fraud and money laundering charges, with a potential prison sentence of 330 years.

Today’s Sponsor:

Crypto tax reports in under 20 minutes!

Koinly calculates your cryptocurrency taxes and helps you reduce them for next year. Simple & Reliable.

• Available in 20+ countries

• Free report preview

• Form 8949 & Schedule D

• TurboTax & TaxAct

• HMRC / ATO / CRA Report

😂 Crypto Meme of the Day: 

Meme of the day provided by @Max Valdés

And that’s it for this today.

Buy, sell, store, and convert crypto with today’s sponsor Gemini, full-reserve and highly-regulated cryptocurrency exchange and custodian!

See you all tomorrow’s edition!

Jonathan Gibson
UseTheBitcoin.com