This is the end of the $LIBRA case

Hayden Davis and his father Tom Davis (who already has a fraud conviction from the 90s)

Since 2024 they have been running the same scheme over and over:

launching memecoins with political or celebrity hype, pumping them to billions, then draining liquidity in hours.

LIBRA was the biggest case.

On Feb 14, Javier Milei own account promoted it.

The market cap went to $4B, and within 24 hours 90% was already dumped.

Onchain showed 57.6M USDC and 249k SOL extracted by insider wallets.

Other tokens followed the same playbook:

MELANIA, HOOD, FRIES, M3M3.

Total damage is estimated at $280M stolen from retail traders.

Class actions in New York froze 57.6M USDC tied to their wallets.

Argentina even requested an Interpol red notice for Hayden Davis.

But today the case was officially dismissed.

The crime is legal in crypto.

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BREAKING: U.S. Nonfarm Payrolls came in FAR BELOW expectations.

Unemployment rate: 4.2% vs 4.1% expected

That is a 68% miss versus expectations and an 82% drop from the previous month.

Markets were already expecting hiring to slow sharply, but this report came in far weaker than expected.

After softer jobless claims and PCE data this week, the latest numbers strengthen the case for the Fed to cut interest rates sooner or more aggressively.

Lower rate expectations generally mean Treasury yields and the U.S. dollar fall, while liquidity conditions become more supportive.

That is typically bullish for stocks and crypto, because lower interest rates make risk assets more attractive and reduce borrowing costs across the economy.

However, the extremely weak jobs number and rise in unemployment also signal that the U.S. economy is slowing materially.

For now, the immediate market impact is more Fed rate-cut expectations and a potential boost for stocks and crypto, but deeper labor-market weakness could eventually bring recession fears back into focus.

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