❌ - Binance to withdraw USDT in Europe ! - 04/03/2025
But also : SEC drops Kraken investigation, Safe Wallet releases update after ByBit hack and Javier Milei denies involvement in LIBRA
Hello 👋
Welcome to your daily two-minute briefing on the latest developments in the Web3 space.
🔥 TODAY'S HOT NEWS
Binance to withdraw stablecoins that do not comply with MiCA
Binance will withdraw all non-MiCA compliant stablecoin trading pairs for its European Economic Area users as of 31 March 2025. Nine stablecoins will be affected, including USDT, FDUSD, TUSD, USDP, DAI, UST and PAXG.
This decision is in line with MiCA regulations, which impose strict standards on stablecoin issuers to protect consumers and ensure market integrity.
European users will still be able to deposit, withdraw and convert these stablecoins via Binance Convert, but will no longer be able to trade them on Binance. Only MiCA-compliant stablecoins such as USDC and EURI, as well as Euro pairs, will remain available. Binance is therefore encouraging EEA users to convert their non-compliant stablecoins.
Other exchanges such as Coinbase, Kraken and Crypto.com have also announced similar measures to comply with European regulations.
Although MiCA officially came into force on 30 December 2024, its full implementation is still underway, particularly with delegated acts and guidelines clarifying the obligations of crypto companies.
💎 MARKETCAP
🟠 BITCOIN : 83 745 $ 📉
🔵 ETHER : 2 089 $ 📈
🟢 FEAR & GREED : 24 📉
SEC drops Kraken investigation
The SEC drops its case against Kraken, marking a major turning point for crypto in the US. The agreement contains no admission of guilt or penalties and allows Kraken to maintain its model.
Safe Wallet releases update after ByBit hack
The Safe Wallet protocol has fixed a bug following the ByBit hack, in which the Lazarus Group stole $1.4 billion in ETH. The attack exploited a vulnerability in the Safe Wallet user interface that allowed malicious code to be injected.
Ronaldinho launches his memecoin
Ronaldinho has launched his Star10 memecoin on the BNB chain, briefly reaching $397 million in FDV before dropping to $195 million. Concerns remain about the project's tokenomics, with 35% of the tokens held by the team.
FTX missed out on billions of dollars
FTX sold its stake in Anthropic too early, collecting $1.3 billion when its initial $500 million stake would be worth $5 billion today.
🐸 MEME OF THE DAY
SEC drops investigation into Yuga Labs
The SEC has closed its investigation into Yuga Labs, creator of the Bored Ape Yacht Club, without taking action, a victory for the NFT industry. The company celebrates this decision by stating that ‘NFTs are not financial securities’.
Aave officially extends its v3 to the Sonic mainnet, marking its first expansion of the year. The integration aims to strengthen the DeFi ecosystem, with 15 million S tokens and $800,000 in AAVE offered to early adopters.
Polygon to develop real estate tokenisation
The CEO of Polygon wants to accelerate the tokenisation of real estate on the network, which will allow for more liquidity and fewer intermediaries in the sector. A concrete example is the $220 million Lumia Towers project in Istanbul.
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Emma and Ben
