This week in the DeFi and crypto world saw several significant developments. Our recap of the main news helps you stay updated on the latest changes and trends.
Crypto.com to Delist USDT for EU Users
Crypto.com will remove Tether’s USDT from its listing 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 their holdings by March 31. Unconverted funds will be automatically transferred to a MiCA-compliant asset. This decision 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
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.
This week in the crypto and decentralized finance sectors witnessed numerous important events. From USDT delisting in Europe to lawsuits against meme coin platforms, these developments underscore the dynamic nature of this rapidly evolving industry.
