{"id":125575,"date":"2025-03-21T19:18:04","date_gmt":"2025-03-21T19:18:04","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=125575"},"modified":"2025-03-21T19:18:04","modified_gmt":"2025-03-21T19:18:04","slug":"secs-xrp-reversal-marks-crypto-industry-victory-ahead-of-sol-futures-etf-launch-finance-redefined","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=125575","title":{"rendered":"SEC\u2019s XRP reversal marks crypto industry victory ahead of SOL futures ETF launch: Finance Redefined"},"content":{"rendered":"

Source: Cointelegraph.com NewsCrypto investors rejoiced this week after the US Securities and Exchange Commission dismissed one of the crypto industry\u2019s most controversial lawsuits \u2014 one that resulted in an over four-year legal battle with Ripple Labs.
\nIn another significant regulatory development, Solana-based futures exchange-traded funds (ETFs) have debuted in the US, a move that may signal the approval of spot Solana (SOL) ETFs as the \u201cnext logical step\u201d for lawmakers.
\nSEC\u2019s XRP reversal a \u201cvictory for the industry\u201d: Ripple CEO
\nThe SEC\u2019s dismissal of its years-long lawsuit against Ripple Labs, the developer of the XRP Ledger blockchain network, is a \u201cvictory for the industry,\u201d Ripple CEO Brad Garlinghouse said at Blockworks\u2019 2025 Digital Asset Summit in New York.
\nOn March 19, Garlinghouse revealed that the SEC would dismiss its legal action against Ripple, ending four years of litigation against the blockchain developer for an alleged $1.3-billion unregistered securities offering in 2020.
\n\u201cIt feels like a victory for the industry and the beginning of a new chapter,\u201d Garlinghouse said on March 19 at the Summit, which Cointelegraph attended.\u00a0
\nRipple\u2019s CEO said the SEC is dropping its case against the blockchain developer. Source: Brad GarlinghouseContinue reading
\nSolana futures ETF to grow institutional adoption, despite limited inflows
\nThe crypto industry is set to debut the first SOL futures ETF, a significant development that may pave the way for the first spot SOL ETF as the \u201cnext logical step\u201d for crypto-based trading products, according to industry watchers.
\nVolatility Shares is launching two SOL futures ETFs, the Volatility Shares Solana ETF (SOLZ) and the Volatility Shares 2X Solana ETF (SOLT), on March 20.
\nVolatility Shares Solana ETF SEC filing. Source: SECThe debut of the first SOL futures ETF may bring significant new institutional adoption for the SOL token, according to Ryan Lee, chief analyst at Bitget Research.
\nThe analyst told Cointelegraph:\u00a0
\n\u201cThe launch of the first Solana ETFs in the US could significantly boost Solana\u2019s market position by increasing demand and liquidity for SOL, potentially narrowing the gap with Ethereum\u2019s market cap.\u201d
\nThe Solana ETF will grow institutional adoption by \u201coffering a regulated investment vehicle, attracting billions in capital and reinforcing Solana\u2019s competitiveness against Ethereum,\u201d said Lee, adding that \u201cEthereum\u2019s entrenched ecosystem remains a formidable barrier.\u201d
\nContinue reading
\nPump.fun launches own DEX, drops Raydium
\nPump.fun has launched its own decentralized exchange (DEX) called PumpSwap, potentially displacing Raydium as the primary trading venue for Solana-based memecoins.\u00a0
\nStarting on March 20, memecoins that successfully bootstrap liquidity, or \u201cbond,\u201d on Pump.fun will migrate directly to PumpSwap, Pump.fun said in an X post.\u00a0
\nPreviously, bonded Pump.fun tokens migrated to Raydium, which emerged as Solana\u2019s most popular DEX, largely thanks to memecoin trading activity.\u00a0
\nAccording to Pump.fun, PumpSwap \u201cfunctions similarly to Raydium V4 and Uniswap V2\u201d and is designed \u201cto create the most frictionless environment for trading coins.\u201d
\n\u201cMigrations were a major point of friction – they slow a coin\u2019s momentum and introduce needless complexity for new users,\u201d Pump.fun said.
\n\u201cNow, migrations happen instantly and for free.\u201d
\nRaydium\u2019s trading volumes surged in 2024, largely due to memecoins. Source: DefiLlamaContinue reading
\nBybit: 89% of stolen $1.4B crypto still traceable post-hack
\nThe lion\u2019s share of the hacked Bybit funds is still traceable after the historic cybertheft, with blockchain investigators continuing their efforts to freeze and recover the funds.
\nThe crypto industry was rocked by the largest hack in history on Feb. 21 when Bybit lost over $1.4 billion in liquid-staked Ether (stETH), Mantle Staked ETH (mETH) and other digital assets.
\nBlockchain security firms, including Arkham Intelligence, have identified North Korea\u2019s Lazarus Group as the likely culprit behind the Bybit exploit as the attackers continue swapping the funds in an effort to make them untraceable.
\nDespite the Lazarus Group\u2019s efforts, over 88% of the stolen $1.4 billion remains traceable, according to Ben Zhou, co-founder and CEO of crypto exchange Bybit.
\nThe CEO wrote in a March 20 X post:
\n\u201cTotal hacked funds of USD 1.4bn around 500k ETH. 88.87% remain traceable, 7.59% have gone dark, 3.54% have been frozen.\u201d
\n\u201c86.29% (440,091 ETH, ~$1.23B) have been converted into 12,836 BTC across 9,117 wallets (Average 1.41 BTC each),\u201d said the CEO, adding that the funds were mainly funneled through Bitcoin (BTC) mixers, including Wasbi, CryptoMixer, Railgun and Tornado Cash.
\nSource: Ben ZhouThe CEO\u2019s update comes nearly a month after the exchange was hacked. It took the Lazarus Group 10 days to move 100% of the stolen funds through the decentralized crosschain protocol THORChain, Cointelegraph reported on March 4.
\nContinue reading
\nLibra, Melania creator\u2019s \u201cWolf of Wall Street\u201d memecoin crashes 99%
\nThe creator of the Libra token has launched another memecoin with some of the same concerning onchain patterns that pointed to significant insider trading activity ahead of the coin\u2019s 99% collapse.
\nHayden Davis, co-creator of the Official Melania Meme (MELANIA) and Libra tokens, has launched a new Solana-based memecoin with an over 80% insider supply.
\nDavis launched the Wolf (WOLF) memecoin on March 8, banking on rumors of Jordan Belfort, known as the Wolf of Wall Street, launching his own token.
\nThe token reached a peak $42 million market cap. However, 82% of WOLF\u2019s supply was bundled under the same entity, according to a March 15 X post by Bubblemaps, which wrote:
\n\u201cThe bubble map revealed something strange \u2014 $WOLF had the same pattern as $HOOD, a token launched by Hayden Davis. Was he behind this one too?\u201d
\nSource: BubblemapsThe blockchain analytics platform revealed transfers across 17 different addresses, stemming back to the address \u201cOxcEAe,\u201d owned by Davis.
\n\u201cHe funded these wallets months before $LIBRA and $WOLF launched, moving money through 17 addresses and 2 chains,\u201d Bubblemaps added.
\nSource: BubblemapsThe Wolf memecoin lost over 99% of its value within two days, from the peak $42.9 million market capitalization on March 8 to just $570,000 by March 16, Dexscreener data shows.
\nContinue reading
\nDeFi market overview
\nAccording to Cointelegraph Markets Pro and TradingView data, most of the 100 largest cryptocurrencies by market capitalization ended the week in the green.
\nOf the top 100, the BNB Chain-native Four (FORM) token rose over 110% as the week\u2019s biggest gainer, followed by PancakeSwap\u2019s CAKE (CAKE) token, up over 48% on the weekly chart.
\nTotal value locked in DeFi. Source: DefiLlamaThanks for reading our summary of this week\u2019s most impactful DeFi developments. Join us next Friday for more stories, insights and education regarding this dynamically advancing space.Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"

Source: Cointelegraph.com NewsCrypto investors rejoiced this week after the US Securities and Exchange Commission dismissed one of the crypto industry\u2019s most controversial lawsuits \u2014 one that resulted in an over… <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125575"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=125575"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125575\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125575"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125575"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125575"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}