USDT & Friends Get the Boot!

Crypto.com will delist USDT and nine other tokens in Europe to comply with MiCA.

Author

Danielle du Toit
January 29, 2025

Here's what we've got for you today:

  • Crypto.com to Delist Tether USDT, 9 Other Tokens in Europe on Jan. 31

  • Electric Vehicle Charging Firm Nuvve Sets Aside Cash to Buy Bitcoin

  • Ripple CLO Sees Hope for Crypto Lawsuit Dismissals in 2025

  • Microsoft Probing DeepSeek-Tied Group Over OpenAI Data Gathering Method: Report

Crypto.com will suspend purchases of Tether USDT and nine other tokens in line with Europe’s MiCA regulations.

  • The exchange will disable deposits and continue supporting withdrawals for the affected tokens until March 31, 2025. After this date, full delisting will occur.

  • A total of 10 tokens, including USDT, WBTC, DAI, PAX, PAXG, PYUSD, CDCETH, CDCSOL, LCRO, and XSGD, will be removed.

  • The delistings align with ESMA's directive for European crypto service providers to restrict non-MiCA-compliant stablecoins by Jan. 31 of 2025.

Nuvve announced plans to allocate up to 30% of its excess cash reserves into Bitcoin.

  • The Nasdaq-listed clean energy EV charging firm plans to invest up to 30% of its excess cash reserves into Bitcoin as part of its diversification strategy.

  • Nuvve will also offer Bitcoin as a payment method for customers and suppliers. After the announcement, Nuvve’s stock (NVVE) gained 1.81%.

  • Currently, 62 publicly traded companies collectively hold 618,615 BTC. MicroStrategy is still the leader of the pack with 471,107 BTC.

Stuart Alderoty believes that, under new leadership, the SEC may drop lawsuits against crypto firms like Ripple.

  • During XRP Community Day 2025, Alderoty suggested that once confirmed, SEC Commissioner Atkins might drop civil suits against crypto firms that don’t involve fraud.

  • The SEC sued Ripple in December of 2020 after alleging that it raised funds using XRP as an unregistered security.

  • Alderoty is also optimistic about the Trump administration’s recent pro-crypto actions, including an executive order on digital asset regulation and the creation of an SEC crypto task force.

Microsoft and OpenAI are investigating whether data from the AI firm’s tech stack was stolen by a group linked to Chinese AI startup DeepSeek.

  • Microsoft detected large-scale data scraping through OpenAI’s API in late 2024, which may have violated OpenAI’s terms of service.

  • As OpenAI’s largest investor, Microsoft alerted the company about the suspicious activity, and suggested the possible removal of data-gathering restrictions.

  • On Jan. 20, China-based DeepSeek launched its AI model, R-1, which rivals ChatGPT at a much lower cost. This triggered a tech and AI stock slump that wiped billions from the US market.

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