Cryptographic investors were pleased this week after the US Securities and Exchange Commission dismissed one of the most controversial lawsuit in the crypto industry.
In another important regulatory development, Solana -based futures exchange transaction funds (ETF) debuted in the United States, which can be seen as the “next logical stage” to members of the National Assembly.
SEC’s XRP reversal “Industry victory”: Ripple CEO
SEC’s dismissal of Ripple Labs, a developer of the XRP director’s blockchain network, said, “The industry’s victory,” said Blockworks’ Digital Asset Summit in New York in 2025.
On March 19, Garlinghouse said the SEC said it would dismiss the legal measures against Ripple, and in 2020, a four -year lawsuit against a blockchain developer for $ 1.3 billion unregistered securities was over.
Garlinghouse said in a summit attended by Cointelewraph on March 19, “It feels like the victory of the industry and the beginning of a new chapter.
Ripple’s CEO said that the SEC is falling in cases of blockchain developers. source: Brad Galling House
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Solana Future ETF to grow institutional adoption despite the limited inflow
According to industry watchers, the encryption industry will debut the first SOL FUTURES ETF, which will be selected as an important development that allows the first SPOL SOL ETF to be packaged as the “next logical stage” of encryption -based trading products.
Volidarity stocks start on March 20 with two Sol Futures ETFs, Volatility Share Solana ETF (SOLZ) and Volatility 2x Solana ETF (SOLT).
Volatility Sharing Solana ETF sec submitted. source: secretary
According to Ryan Lee, the chief analyst of Bitget Research, the debut of the first Sol Future ETF can bring new institutions for SOL tokens.
The analyst said to COINTELEGRAPH.
“The launch of the first Solana ETF in the United States increases the demand and liquidity of SOL, greatly improving the market position of Solana, narrowing the gap with Ethereum’s market cap.”
Solana ETF said, “We will grow institutional adoption by providing regulated investment vehicles, attracting billions of dollars in capital and strengthening Solana’s competitiveness to Ether Leeum.”
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Pump.fun fires his DEX and drops Raydium
PUMP.FUN can launch its own distributed exchange (DEX) called Pumpswap to displacement Raydium into a major trading place for Solana -based memo.
Starting March 20, PUMP.FUN’s liquidity successfully boot strap liquidity or “bond” notes will be migrated directly to pump sway.
Previously, Bonded pump.fun tokens were migrated to raydium and were mainly migrated thanks to Memecoin trading activities that appeared as the most popular DEX of Solana.
According to pump.fun, PumpSwap is designed to be “similar to Raydium V4 and Uniswap V2.”
Pump.fun said, “This is a major friction point. They slow down the momentum of the coin and introduce unnecessary complexity to new users.”
“Now this is happening immediately and for free.”
Raydium’s trading volume surged mainly by Memecoins in 2024. source: Displacement
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BYBIT: After 89%of the $ 1.4B encryption per stolen is still trackable
After the historic cyberto theft, the lion’s share of the hacked BYBIT fund can still be tracked, and the blockchain investigator continues to make efforts to freeze and restore funds.
The encryption industry was shaken by the biggest hack in history on February 21 when BYBIT lost more than $ 1.4 billion in liquid steak ether, Mantle Staked ETH and other digital assets.
Blockchain security firms, including Arkham Intelligence, have been confirmed as the culprit of BYBIT Exploit as North Korean screws continue to exchange funds with attackers cannot track.
According to Ben Zhou, co -founder and CEO of Crypto Exchange BYBIT, more than 88% of $ 1.4 billion can be tracked despite the efforts of the Lazarov.
The CEO wrote on March 20 as follows.
“The total hacking fund of about $ 14 million is about 500K ETH. 88.87%maintained the possibility of tracking, 7.59%darkened and 3.54%frozen.”
The CEO said, “86.29% (440,091 eth, ~ $ 1.23b) has been converted from 9,117 wallets (average 1.41 BTC) to 12,836 BTC.
source: Ben Juwoo
The update of the CEO is almost a month after the exchange was hacked. Cointelegraph took 10 days to move 100%of the stolen funds through the crosschain protocol Thorchain, which was distributed on March 4.
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Libra, Melania Creator’s “Wolf of Wall Street” Memecoin collides 99%.
The creator of Libra Token has launched another note shape, such as the onchain pattern, which refers to an important internal rich trading activity before the collapse of 99% of the coin.
The official Melania Meme (Melania) and the co -producers of Libra Tokens have launched a new Solana -based memo loco with more than 80%of the inner suppliers.
Davis started his token by launching a bank on the rumors of Jordan Belief, known as Wolf of Wall Street, on March 8th.
The token has reached a $ 44 million market cap. However, according to Bubblemaps on March 15, 82%of WOLF’s supply was bundled under the same object.
“The bubble map reveals something strange. $ WOLF has the same pattern as $ HOOD, the token that Hayden Davis started. He was behind this?”
source: Bubble Lab
The Blockchain Analytics platform has released a transmission on 17 addresses that return to Davis’s own “Oxceae” address.
Bubblemaps said, “He spent money on this wallet a few months before Libra and $ WOLF fired, and moved money through 17 addresses and two chains.
source: Bubble Lab
WOLF Memecoin lost more than 99% of its value in two days, from March 8, $ 42.9 million to $ 5,70,000 until March 16.
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Defi Market Overview
According to the Cointelegraph Markets Pro and TradingView data, most of the 100 largest cryptocurrencies by market cap have ended the mains.
Among the top 100 BNB chain native 4 (form) tokens increased by more than 110% to the largest scorer this week, and PancakeSWAP ‘S Cake (CAKE) token increased more than 48% on the weekly chart.
The total value submerged in Defi. Source: Defillama
Thank you for reading the summary of the most influential Defi development this week. Next Friday, get more stories, insights and education about this dynamic development with us.