This week has been filled with significant events in the crypto and DeFi world. Discover key stories, from USDT delisting to new integrations and investments.
Crypto.com to Delist USDT in Europe
Crypto.com announced the delisting of Tether (USDT) for European users starting January 31, 2025, in compliance with new EU MiCA regulations. USDT purchases will be halted this month, and users must convert their assets by March 31, after which remaining funds will be automatically converted to a MiCA-compliant asset.
USDT Integration in Bitcoin Ecosystem
Tether has integrated USDT with Bitcoin’s base layer and Lightning Network using the Taproot Assets protocol. This enables fast, cost-effective transactions while leveraging Bitcoin's security, marking an important step for stablecoins on the Bitcoin platform.
Lawsuit Against Pump.fun for Securities Violations
The memecoin platform Pump.fun faces a class action lawsuit in New York, alleging it generated $500 million on unregistered securities. Filed on January 30, 2025, the lawsuit targets Baton Corporation Ltd and its executives Alon Cohen, Dylan Kerler, and Noah Tweedale. Plaintiff Diego Aguilar claims financial losses from tokens like Fwog and Griffain, which he states were aggressively marketed with exaggerated profit promises.
This week's news highlights the importance of changes and new initiatives in the cryptocurrency industry. Stay updated with current developments to keep informed.
