As the DeFi and crypto space continues to evolve rapidly, our weekly recap offers a concise overview of the most important news and trends, keeping you informed about the latest developments.
Crypto.com and USDT Delisting
Starting January 31, 2025, Crypto.com will delist USDT for European users in compliance with the EU's MiCA regulations. USDT purchases will cease this month, and users must convert their holdings by March 31. Unconverted funds will be automatically transferred to a MiCA-compliant asset.
Challenges for Pump.fun
Memecoin platform Pump.fun is facing a class action lawsuit in New York, alleging it raised $500 million in fees from unregistered securities. The lawsuit, filed by Diego Aguilar, targets Baton Corporation Ltd and executives like Alon Cohen and Dylan Kerler.
New Sei Foundation Fund
Sei Foundation has launched a $65 million venture fund to support decentralized science (DeSci) projects on the Sei Network. The fund will invest between $100,000 to $2 million in startups using blockchain for transparent research and funding.
These events highlight the fast-paced evolution and changes in the cryptocurrency and decentralized technology spaces, significantly affecting the entire industry.
