Category: crypto

Crypto.com will be delisting Tether’s USDT stablecoin and nine other tokens by Jan. 31 to comply with Europe’s MiCA regulation. Users have until March 31 to withdraw assets, which will be converted to MiCA-compliant stablecoins or other assets. Tether is investing in euro-based stablecoin projects to align with regulations.

Andre Cronje, a well-known figure in the DeFi space, left the sector in 2022 due to legal issues with the SEC. The SEC investigated his projects, including Yearn Finance and Keep3r, for potential securities law violations. Cronje faced challenges providing information to the SEC and ultimately decided to step away from DeFi.

Institutions are reducing their exposure to risk assets, leading to a drop in AlphaFutures open interest. A large sell-off in tech stocks has caused liquidations in Bitcoin futures as institutions look for safer investments to minimize risk.

X, previously known as Twitter, is partnering with Visa to introduce the X Money Account, a digital wallet offering financial services like fund transfers and peer-to-peer payments. CEO Linda Yaccarino confirmed the partnership, with the platform aiming to create a financial ecosystem. The X Money Account is set to launch in 2025, with potential future…

World Liberty Finance (WLFI), a DeFi protocol backed by President Donald Trump’s family, acquired over $1.9 million of MOVE tokens on Jan. 28. This move coincides with reports of Movement Labs discussing blockchain usage with Elon Musk’s Department of Government Efficiency (DOGE). The news caused MOVE’s price to increase by 27% in 24 hours. Movement…

Lawmakers in Kentucky and South Dakota plan to introduce legislation to establish a Bitcoin reserve. This follows similar moves in other states like Wyoming and Massachusetts. If successful, the number of states with Bitcoin reserve legislation will increase to 14. The Satoshi Action Fund emphasizes the importance of turning proposals into actionable policies.

ETF Store president Nate Geraci believes memecoins would take questionable investments packaged into ETFs to a new level. Rex Shares, Osprey, and Bitwise filed for memecoin-based ETFs. Morningstar’s Bryan Armour believes issuers are capitalizing on a shift in the regulatory environment under the Trump administration. Bitwise CIO Matt Hougan defended the legitimacy of memecoins as…

US Senator Cynthia Lummis supports Coinbase in its legal battle against the SEC, criticizing the agency for overstepping its authority. She argues that the SEC’s regulatory strategy violates constitutional principles and creates uncertainty for businesses and consumers. Lummis advocates for a more balanced regulatory framework for digital assets, emphasizing the need for congressional oversight.

Bitwise filed for a Dogecoin ETF with the SEC, while Cboe re-filed for Solana ETFs. Bloomberg analysts noted the uncertainty of approval for the Dogecoin ETF, but highlighted the potential for a Solana ETF in the US. Canada may approve a Solana ETF before the US due to more liberal regulators.

The Sui blockchain is introducing SMS-based transactions to improve accessibility, with advancements planned for finance, gaming, AI, and decentralized applications. The Mysticeti V2 upgrade will enhance consensus mechanisms, while Remora will enable horizontal scaling. Programmable Peer-to-Peer Tunnels, SEAL framework, SCION, and Walrus storage solution are also in development. Abiodun believes Sui will be a top…