Degen

Crypto Highlights for January 31, 2025 🚀

- Grayscale Introduces Dogecoin Trust: Grayscale Investments has launched a new fund focused on Dogecoin, aiming to capitalize on the growing interest in altcoins beyond Bitcoin. 

- Elliott Management Criticizes Crypto Frenzy: Hedge fund Elliott Management has expressed concerns that the Trump administration is fueling a cryptocurrency frenzy that could harm investors. 
- Republicans Seek to Repeal Crypto Tax Rule: Senator Ted Cruz and Representative Mike Carey are pushing to overturn a tax-compliance rule requiring DeFi platforms to report transactions to the IRS, arguing it exceeds congressional intent. 

- Crypto.com Delists USDT and Other Tokens in Europe: To comply with the EU's Markets in Crypto-Assets Regulation (MiCA), Crypto.com has announced it will delist Tether's USDT and nine other tokens in Europe by January 31, 2025. ([coinmarketcap.com]
Stay informed and trade wisely! 📊