Valve Just Wiped Out $2 BILLION in One Night — CS2 Skins CRASHED!

Sat, 01 Nov 2025 19:27:29 +0000

⁣1⃣ In today’s episode: Valve’s update crashes the Counter-Strike skin market with crypto-like consequences, Japan launches its first yen-backed stablecoin JPYC, a $10 billion inflow fuels XRP growth forecasts to $15, Trump nominates Michael Selig as new CFTC head, and Javier Milei’s party strengthens its position in Argentina’s elections.

🎮 Valve Update Crashes Counter-Strike Market, Echoing Crypto Collapse
After the October 22 update, the CS2 market lost nearly $2 billion as rare item prices fell 25%. Valve changed drop and trading mechanics, flooding the market with previously rare items. Analysts compared it to a “token over-issuance” — one centralised decision crashed an entire ecosystem. Players drew parallels with NFTs and a “hard fork without community consent.” The event reminded everyone that centralised digital assets — whether game skins or tokens — remain vulnerable to sudden policy shifts.

💴 Japan Launches First Yen-Backed Stablecoin — JPYC
Fintech company JPYC Inc officially launched the JPYC token on Ethereum, Avalanche, and Polygon. Each token equals one yen and is fully backed by deposits and government bonds. JPYC is already accepted in retail and corporate payments across 65,000+ locations. The company aims for 10 trillion yen (~$65 billion) in circulation within three years, positioning JPYC as a foundation for Japan’s digital financial infrastructure.

💸 $10 Billion Investment Inflow Pushes XRP Growth Forecasts to $15
XRP’s market cap jumped from $146 billion to $156 billion, though its price dipped 0.6% amid profit-taking and anticipation of Ripple’s upcoming 1 billion token unlock. Despite ETF delays, analysts predict XRP could reach $15, making it one of the top three cryptocurrencies by market cap. The $10 billion inflow signals sustained investor confidence and a potential new bullish phase.

🇺🇸 Trump Nominates Michael Selig as New CFTC Chairman
President Donald Trump nominated Michael Selig, SEC’s chief crypto counsel, to lead the Commodity Futures Trading Commission. The move may unify SEC and CFTC regulatory approaches and streamline US crypto policy. Selig, known for his pragmatic stance on digital assets, is seen as a key architect of the White House’s crypto strategy.

🇦🇷 Javier Milei’s Party Strengthens Position in Argentina’s Elections
Argentina’s libertarian party La Libertad Avanza, led by President Javier Milei, secured 40.68% of votes in the midterms, reinforcing his authority ahead of the 2027 election. His economic liberalisation and pro-crypto policies — including legal Bitcoin contracts — continue to resonate with voters. Despite the LIBRA token controversy, Milei’s victory confirms Argentina’s growing role as a crypto-friendly nation in Latin America.

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#bitcoin #ethereum #xrp #japan #valve #counterstrike #donaldtrump #cftc #argentina #CryptoNews

⏱ Timestamps:
00:00 — Intro
00:17 — Episode overview
00:51 — Valve update crashes CS2 market
02:21 — Japan launches JPYC stablecoin
03:39 — XRP inflows and bullish outlook
05:09 — Ad: MinerLink
06:02 — Trump nominates Michael Selig
07:28 — Javier Milei’s victory in Argentina
09:13 — Ad: CashBanx