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:

  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. 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