This recap covers the week's most significant developments in DeFi and crypto, including the SEC's dropped lawsuit against Ripple, PumpSwap's launch, and Uniswap's growth initiatives.
US SEC Drops Lawsuit Against Ripple
The U.S. Securities and Exchange Commission (SEC) has dropped its lawsuit against Ripple Labs, ending a legal battle that began in 2020. This case was one of the first major regulatory challenges to a crypto company, and its conclusion is seen as a victory for Ripple and the broader crypto industry. The event may indicate potential changes in how regulators approach digital assets.
PumpFun Introduces PumpSwap
Solana-based platform PumpFun has announced the launch of its own decentralized exchange called PumpSwap. This news comes amidst a drop in memecoin trading volume and reduced company revenue. PumpSwap aims to streamline the token migration process and reduce reliance on third-party exchanges.
Uniswap Approves $165.5M Growth Plan
The Uniswap community has approved two key governance proposals to expand its ecosystem, as announced by the Uniswap Foundation. The plan includes funding for Ethereum layer-2 Unichain, under the Uniswap v4 protocol, and long-awaited liquidity incentives. The initiative is backed by a $165.5 million budget and aims to drive growth and innovation for the decentralized exchange (DEX).
The past week was filled with significant events in the crypto world, from the conclusion of Ripple's case to new platform launches and expansion plans. These developments could have a substantial impact on the industry's strategy and growth in the near future.
