As the DeFi and crypto space continues to evolve rapidly, staying informed about the latest developments and trends is essential. Our weekly recap provides a concise yet comprehensive overview of the most significant news, helping you remain informed and up-to-date.
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 their holdings by March 31. Unconverted funds will automatically be 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.
Legal Issues Facing Pump.fun
Memecoin platform Pump.fun is facing a class action lawsuit in New York, alleging it generated $500M 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.
These events highlight the ongoing changes and legal challenges in the cryptocurrency and DeFi industry. From regulatory shifts to technical integrations and legal battles, the industry continues to evolve, calling for the attention of all market participants.
