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An Argentina court has ordered the Central Bank to lift the bank secrecy privileges of country President Javier Milei. This allows an examination of his financial records as federal prosecutors investigate his role in the LIBRA memecoin scandal. Federal Judge Maria Servini made the order on May 16, over three months after the ill-fated X post from Milei. The President promoted the LIBRA memecoin in February, causing the price to soar significantly before it crashed due to a sell-off by insiders. The crash of the LIBRA token led to massive losses for investors, with the token market cap reaching a peak of $4.5 billion. While Milei deleted the post and denies seeing any gains from promoting the token, judicial investigations and legislative inquiries have continued in Argentina. According to local media outlet Pagina 12, the judge’s order affected the President’s sister, Karina Milei, Argentina’s secretary general, and three other associates. In the letter addressed to the Central Bank of the Argentine Republic (BCRA), Servini asked for a report on all banks operating or operating an account for the President, his sister, and the other associates involved. Per media reports, the Central Bank is expected to provide information from 2023 till the present, which will form part of a confidential file on the President as investigations continue. Although President Milei has denied any foul play in the matter, he is currently facing civil and criminal charges for his role in promoting the memecoin. Meanwhile, the court has also ordered the freezing the accounts of three associates linked to the presidents. The three are Mauricio Novelli, a businessman with crypto ties, Manuel Terrones Godoy, a founding partner of Tech Forum, and Sergio Morales, a former advisor of the National Securities Commission. According to reports, Noveli is the connection between Milei and one of LIBRA’s creators, Hayden Davis. Milei, his sister, and the three associates are already facing a civil lawsuit from victims of the incidents. Interestingly, surveillance footage has surfaced showing Novelli’s mother, Maria Pia Novelli, and sister, Maria Alicia Rafaele, taking money from safes belonging to the businessman in a Banco Galicia branch in Buenos Aires on the next business day after President Milei promoted the token. Experts report noted that the two entered the bank with empty bags and left almost an hour later with bags that appeared filled with money. Novelli had hired ten safety deposit boxes at the bank ten days before the Milei post. Meanwhile, the outcome of the investigation could determine whether Milei would be prosecuted, given that criminal charges have been filed against him. Although the President of Argentina has insisted that he promoted it in good faith and has nothing to hide, he has already missed the virtual mediation hearing in the civil lawsuit. Civil organizations and opposition leaders have also been calling for his impeachment. Some of those opposition lawmakers have also asked for an independent inquiry by the parliament to determine whether the President’s actions constitute abuse of office and market manipulation. However, there are concerns that the investigations may not yield any result or justice for the victims, given that three months have already passed with no clear resolutions on the matter. Many believe that Milei’s influence as President could hamper any attempt to prosecute the case. Interestingly, while the President and several associates came under fire, one of the major figures in the incident, Hayden Davis, appears to have escaped any form of investigation. Davis, also associated with other memecoins, including MELANIA, has been relatively quiet since the incident. Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites

The only problem I see if this thesis doesn't play right is that BTC and ETH aren't at any key level which makes it less probable but I see many altcoins taking HTF key levels + USDT.D distributing which is enough for me to take longs and validate a thesis like that. On May 6, the market pumped just like that, USDT.D was distributing while altcoins took HTF key levels:

Opinion: Bitcoin's market dominance is declining, but it does not mean that the "altcoin season" is coming Bitcoin's dominance in the cryptocurrency market has declined recently, and analysts point out that this does not mean that "altcoin season" is coming. Zach Pandl, head of Grayscale Research, said that Bitcoin's dominance may rise when the market focuses on macroeconomic instability and risks facing the US dollar; while Bitcoin's dominance may decline when the market focuses on various applications of blockchain technology and innovations in the crypto field. Zach Pandl added: "In the next 9 to 12 months, Bitcoin's dominance is more likely to stabilize at around 60% to 70% of the overall market rather than a sharp decline. In the next approximately 9 to 12 months, Bitcoin's market share is more likely to stabilize between 60% and 70% of the overall crypto market rather than a sharp decline. This judgment is not easy, because Bitcoin and altcoins each have different positive factors that may play a role. From a macro perspective, we are bullish on Bitcoin; and from the perspective of technological development and user adoption, we are equally bullish on altcoins. My basic assumption is that Bitcoin's dominance rate will stabilize from now on." (Decrypt)

TL;DR Despite its controversial history, which included years of delaying the actual network launch and token release, Pi Network has grown to be one of the most popular and talked-about projects in the cryptocurrency space. After all, it has been in existence, in some form, for roughly half a decade. During the recent appearance at the 2025 Consensus conference in Toronto, Kokkalis was asked about this growing popularity, where it stems from, and if the community is vocal on Pi or decentralization in general. The project’s co-founder, who is also the head of technology, believes the main reason behind this popularity is the concept of value capture. “In the future, where more and more work is being done by agents and AI, it’s important to make sure that the value is not only captured by a few individuals or a few companies. It can be captured by a large number of people. And that’s where blockchain and our projects can come [in]to play.” He added that Pi Network’s popularity can continue rising if all projects within its ecosystem work toward capturing value for a larger number of people. Just over a week ago, PI’s price started to climb aggressively and it surged from $0.6 to $1.7 within days. This massive ascent transpired after the team behind the project hinted about a big announcement coming on May 14. Once that was revealed , which turned out to be a $100 million fund designated for ecosystem investments, PI started to nose dive. Earlier today, it fell below $0.7 after another double-digit daily decline. As such, it has almost erased all gains registered from the hype-driven rally, which makes it another ‘sell the news’ event.

Will be inactive for a week and a bit. Will be very busy 😵‍💫 Play the game level by level and invalidate when you see fit. Don’t forget to watch your trailing SLs for your spot positions. Will be back soon 😁