⛔ TikTok Plans For 'Immediate' Shutdown In US This Sunday

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Hey Waivly Crew! 🌊 In today’s edition, we’ve got a variety of topics to explore.

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Here’s what’s on the horizon today:

• TikTok prepares to shut down app in US on Sunday

• Leaked images reveal ultra-thin Samsung Galaxy S25

• US law firm seeks legal action against Pump.fun

• SEC under Trump could drop ongoing crypto cases

Let’s dive in!

STORIES MAKING A SPLASH

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TikTok prepares to shut down app in US on Sunday

TikTok is preparing for a full shutdown in the U.S. this Sunday, Jan. 19, if the Supreme Court does not intervene. According to Reuters, the shutdown would go beyond a simple ban on app downloads, completely disabling the app for U.S. users. This drastic move comes as the app faces a looming ban under a federal law unless ByteDance divests its stake in the company.

If the shutdown occurs, users will receive a pop-up message with details about the ban and an option to download their data. TikTok is reportedly preparing for multiple outcomes, with executives bracing for the worst-case scenario while continuing to monitor the situation closely.

The Supreme Court’s decision could come at any time. TikTok’s lawyer warned that the app would “go dark” without intervention, and the ruling will determine whether the ban is paused or enforced.

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Leaked images reveal ultra-thin Samsung Galaxy S25

Samsung is rumored to be developing a super-thin Galaxy S25 Slim, with renders leaked by OnLeaks and Smartprix. This phone is said to have a sleek 6.4mm depth, 1.2mm thinner than the Galaxy S24, and nearly 2mm slimmer than the Galaxy S25 Ultra. Its design features flat sides, a flat front, and three rear cameras, resembling the Galaxy S24.

The S25 Slim’s camera system is expected to include a 200MP main sensor, a 50MP ultrawide, and a 50MP telephoto lens with 3.5X optical zoom. Notably, the telephoto lens will use Samsung's ALoP (All Lenses on Prism) design, which keeps the phone slim while improving zoom performance.

Equipped with a Snapdragon 8 Elite chip and 12GB of RAM, the S25 Slim is set for a May 2025 release, though it may be showcased at Samsung's Galaxy Unpacked event on January 22.

WEB3 SPECIAL

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US law firm seeks legal action against Pump.fun

Burwick Law, a US-based crypto law firm, plans to take legal action on behalf of investors who lost money due to the Solana memecoin launchpad, Pump.fun. In a January 15 post on X, the firm revealed it is investigating claims from individuals affected by memecoins, rug pulls, and unfulfilled promises on the platform.

Burwick criticized Pump.fun’s anonymous creators for allowing harmful content like drug use, violence, and racism while collecting hundreds of millions in fees. The firm accused the platform and other memecoin creators of exploiting people with false promises, hindering crypto’s true potential.

With only 0.4% of the 14 million wallets interacting with Pump.fun making profits above $10,000, Burwick is urging potential class-action members to join the investigation, potentially involving millions of investors.

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SEC under Trump could drop ongoing crypto cases

In 2025, the U.S. Securities and Exchange Commission (SEC) may reconsider its stance on several crypto enforcement cases, potentially dropping litigation against crypto firms. A Reuters report suggests that, following Donald Trump’s inauguration, the SEC could review cases, particularly those not involving fraud allegations, such as those about securities law violations.

After SEC Chair Gary Gensler and Commissioner Jaime Lizárraga resign, only three SEC members will remain until Trump appoints new ones. Republican commissioners Hester Peirce and Mark Uyeda might lead a review of crypto-related cases and regulations surrounding securities.

The SEC's previous cases include the high-profile Ripple Labs lawsuit from 2020 and ongoing actions against firms like Coinbase and Binance. Although some companies have settled, others, including Ripple, continue to challenge the SEC's decisions in court.

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