SEC’s XRP reversal marks crypto industry victory ahead of SOL futures ETF launch: Finance Redefined
From Cointelegraph
March 21, 2025 3:00:00 pm:
- Ripple CEO Brad Garlinghouse hailed the US SEC’s dismissal of a long-standing lawsuit against Ripple Labs as a "victory for the industry." The lawsuit, which accused Ripple of an unregistered securities offering, had been ongoing for over four years, but was recently dropped, marking a new chapter for the company.
- Solana-based futures exchange-traded funds (ETFs) have made their debut in the US, signaling a potential approval for spot Solana ETFs. Industry experts believe that this move could lead to increased institutional adoption of SOL tokens, potentially closing the gap with Ethereum’s market cap.
- Pump.fun has launched its own decentralized exchange (DEX) called PumpSwap, potentially displacing Raydium as the primary trading venue for Solana-based memecoins. This move aims to streamline the trading process for memecoins and eliminate the complexities associated with migrations.
- Following a historic cybertheft, Bybit’s CEO revealed that over 88% of the stolen $1.4 billion in crypto funds remain traceable. Blockchain investigators are actively working to freeze and recover the funds, despite efforts by the suspected culprits to make the funds untraceable.
- Hayden Davis, the creator of Libra and Melania tokens, launched a new memecoin called Wolf (WOLF) on Solana. However, the coin quickly crashed by 99% within two days of its peak market capitalization, raising concerns about insider trading and token supply distribution.
Read more at Cointelegraph: SEC’s XRP reversal marks crypto industry victory ahead of SOL futures ETF launch: Finance Redefined