Crypto investors celebrated this week as the U.S. Securities and Exchange Commission (SEC) dismissed a contentious lawsuit that had embroiled Ripple Labs in a lengthy legal struggle lasting more than four years. This significant ruling has been viewed as a pivotal moment for the crypto industry. In another notable regulatory event, futures exchange-traded funds (ETFs) based on Solana have launched in the U.S., potentially indicating that lawmakers may soon approve spot ETFs for Solana (SOL), marking a progressive step in cryptocurrency trading.
### SEC’s XRP Case Dismissal Seen as a Milestone: Ripple CEO
The SEC’s decision to drop its prolonged lawsuit against Ripple Labs, the company behind the XRP Ledger blockchain, has been deemed a “win for the industry” by Ripple CEO Brad Garlinghouse, who expressed his views during Blockworks’ 2025 Digital Asset Summit in New York. On March 19, Garlinghouse disclosed that the SEC would no longer pursue legal action against Ripple, concluding a four-year battle over an alleged $1.3 billion unregistered securities offering from 2020. He described this outcome as a triumph for the industry and a fresh beginning.
### Institutional Adoption Expected from Solana Futures ETFs
The introduction of the first SOL futures ETF is set to catalyze institutional participation in the crypto market, according to industry experts. Volatility Shares is launching two SOL futures ETFs—Volatility Shares Solana ETF (SOLZ) and Volatility Shares 2X Solana ETF (SOLT)—on March 20. Ryan Lee, chief analyst at Bitget Research, noted that these ETFs could significantly enhance Solana’s market standing by increasing demand and liquidity for SOL, thereby reducing the gap with Ethereum’s market capitalization. He emphasized that these products provide a regulated investment opportunity, potentially attracting substantial capital while enhancing Solana’s competitive edge against Ethereum.
### Pump.fun Introduces New DEX, Challenges Raydium
Pump.fun has unveiled its own decentralized exchange (DEX) named PumpSwap, which could potentially replace Raydium as the main trading platform for Solana-based memecoins. Set to launch on March 20, memecoins that successfully establish liquidity, or “bond,” on Pump.fun will transition directly to PumpSwap. Previously, these tokens migrated to Raydium, which gained popularity primarily through memecoin trading. Pump.fun claims that PumpSwap operates similarly to Raydium V4 and Uniswap V2, aiming to create a seamless trading experience. The platform stated that its new migration process is instant and cost-free, eliminating previous complexities that hindered traders.
### Bybit Reports Most of Stolen $1.4B Crypto Remains Traceable Post-Hack
Following a massive hack on February 21, which saw Bybit lose over $1.4 billion in various digital assets, a significant portion of the stolen funds is still traceable, according to blockchain investigators. This incident marked one of the largest thefts in crypto history. Analysts have pointed to North Korea’s Lazarus Group as the likely perpetrators, who are attempting to obfuscate the stolen funds by moving them through exchanges. Bybit’s co-founder and CEO, Ben Zhou, reported that 88% of the stolen assets are still traceable, with detailed breakdowns of their movements, revealing that a substantial amount has already been converted into Bitcoin using mixers.
### New Memecoin “Wolf of Wall Street” Faces Dramatic Collapse
The creator of the Libra token has recently introduced a new memecoin, which has exhibited concerning patterns reminiscent of prior insider trading activities, leading to its staggering 99% decline. Hayden Davis, known for co-creating the Official Melania Meme (MELANIA) and Libra tokens, launched the Wolf (WOLF) memecoin on March 8, leveraging buzz around the infamous Jordan Belfort, also known as the “Wolf of Wall Street.” Although it achieved a peak market cap of $42 million, data revealed that 82% of WOLF’s supply was held by a single entity. Following a surge in interest, the token plummeted from its peak value, losing over 99% in just two days, highlighting the volatility often seen in the memecoin sector.
### DeFi Market Snapshot
As per Cointelegraph Markets Pro and TradingView data, the majority of the top 100 cryptocurrencies concluded the week positively. Among the notable gainers, the BNB Chain-native Four (FORM) token skyrocketed over 110%, followed closely by PancakeSwap’s CAKE (CAKE) token, which increased by more than 48%. The DeFi landscape continues to evolve rapidly, and we invite you to join us next Friday for further insights and developments in this dynamic sector.
