As the DeFi and crypto space continues to evolve rapidly, it's essential to stay informed about the latest developments and trends.
Crypto.com to Delist USDT for EU Users
Crypto.com will delist Tether’s USDT for European users starting January 31, 2025, in compliance with the EU’s MiCA regulations. USDT purchases will be suspended this month, and users must convert holdings by March 31. Unconverted funds will be automatically transferred to a MiCA-compliant asset. The move follows Crypto.com’s MiCA licensing in Malta.
Tether Integrates USDT into Bitcoin Ecosystem
Tether has integrated USDT with Bitcoin’s base layer and Lightning Network using the Taproot Assets protocol. This move enables faster, low-cost transactions while leveraging Bitcoin’s security, marking a significant step for stablecoins on the Bitcoin network.
Pump.fun Faces Lawsuit Over Alleged $500M Fraud
Memecoin platform Pump.fun is facing a class action lawsuit in New York, alleging it generated $500 million in fees from unregistered securities. Filed on January 30, 2025, the lawsuit targets Baton Corporation Ltd and executives Alon Cohen, Dylan Kerler, and Noah Tweedale. Plaintiff Diego Aguilar claims financial losses from tokens like Fwog and Griffain, which he says were aggressively marketed with exaggerated profit promises.
Staying updated on the latest happenings in the DeFi and crypto arenas is crucial to adapting to rapidly changing technology and finance landscapes.
