Argentine Bitfinex Executive Shares Bitcoin Freedom Story

**Ethereum rises while Bitcoin consolidates** as market dynamics shift. According to Bitfinex Alpha, both assets maintain healthy outlooks despite different trajectories. **Key drivers:** - ETH supported by **treasury demand** - BTC backed by **M2 monetary expansion** - **ETF flows** and institutional demand determining market direction This continues Ethereum's recent leadership in the altcoin space, with ETH strength driving capital rotation into higher-beta assets. Bitcoin dominance has declined from 65% to 59% over the past two months as the broader market follows Ethereum's lead. The divergence reflects different fundamental supports for each asset, with treasury buyers favoring ETH while Bitcoin benefits from broader monetary conditions.

**CriptoLatinFest 2025** concluded in Medellín with Bitfinex at the center of two days of institutional networking and education. The event opened with **Bitfinex Business Day**, bringing together Latin American institutions, regulators, and companies. Key highlights included: - Launch of the **Market Inclusion Report** showing tokenization can reduce issuance costs - Panels on digital asset adoption in finance and regulatory frameworks - Interactive booth featuring AI photobooth and trivia games - Keynotes from industry leaders on Bitcoin adoption in LATAM **Day 2** featured panels with industry experts and programming on the Bitfinex Talks stage. The most intriguing development: **Bitfinex announced they will unveil something Monday** that has them "genuinely delighted" - describing it as a "pleasant surprise." The event reinforced Latin America's growing role in digital asset adoption, with discussions on how proper regulation enables trust and attracts foreign capital.

Argentina's economic history reveals the devastating impact of monetary instability on ordinary citizens. **Two major crises** fundamentally broke trust in traditional money: - **2001**: People watched their savings completely disappear - **2008**: Government seized private pensions - **Ongoing**: Relentless inflation continues eroding wealth @paleobit shares firsthand experience of living through these crises that stripped away faith in the monetary system itself. The scale of destruction is staggering - $100,000 worth of Argentine pesos from 1995 would be worth just $310 today. By November 2023, inflation reached **185%**. These experiences highlight why many Argentinians have lost trust in traditional financial systems and seek alternatives. [Watch the full discussion](https://youtu.be/WH1bTvAfKPc)

**Bitfinex announces support for Maker (MKR) token swap and rebrand to Sky (SKY)** The exchange will facilitate the transition to the new Sky ecosystem with specific timeline changes: - **Aug 26**: MKR margin & perpetual positions enter reduce-only mode - **Sep 3**: MKR deposits and withdrawals close - **Sep 4**: MKR trading on Bitfinex ends Traders holding MKR positions should prepare for these changes as the platform transitions to support the new SKY token. [Read full announcement](https://www.bitfinex.com/posts/1134/)