SEC’s XRP Lawsuit Dismissal & Solana ETF Launch Signal Industry Wins: Crypto Highlights, Mar 20-26

Crypto investors in India have reason to celebrate as the US Securities and Exchange Commission (SEC) dismissed a controversial lawsuit against Ripple Labs, marking a significant victory for the industry. Ripple CEO Brad Garlinghouse hailed the dismissal as a new chapter for the industry during the 2025 Digital Asset Summit. Meanwhile, Solana-based futures exchange-traded funds (ETFs) have made their debut in the US, potentially paving the way for spot Solana (SOL) ETFs. This move is seen as a positive step by lawmakers. The launch of the first SOL futures ETF is expected to drive institutional adoption of the SOL token. In another development, Pump.fun has launched its decentralized exchange (DEX) PumpSwap, potentially displacing Raydium as the primary trading platform for Solana-based memecoins. On the cybersecurity front, the bulk of the funds stolen from Bybit in a historic hack remain traceable, with blockchain investigators working to recover the funds. The launch of the Wolf memecoin by the creator of Libra and Melania tokens saw a 99% collapse due to concerning onchain patterns. Lastly, the DeFi market overview shows positive gains for the top cryptocurrencies by market capitalization, with tokens like FORM and CAKE seeing significant increases. Stay tuned for more updates on the rapidly evolving DeFi space.

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