The DeFi and cryptocurrency world continues to evolve with numerous events, and this week we've gathered the most important and significant news for you.
SEC Drops Lawsuit Against Ripple
The U.S. Securities and Exchange Commission (SEC) has dropped its lawsuit against Ripple Labs, marking a significant victory for the company and the broader crypto industry. This case was one of the first major regulatory challenges to crypto firms, potentially indicating a shift in how regulators approach digital assets.
LaunchPump Introduces PumpSwap on Solana
Solana-based LaunchPump has launched its own decentralized exchange, PumpSwap, aiming to facilitate token migrations and reduce reliance on third-party exchanges. This move comes amid declining memecoin trading volumes and a drop in company revenues, although it remains Solana's seventh-largest protocol.
Uniswap Approves $165.5M Growth Plan
The Uniswap community has approved two key proposals to expand its ecosystem. The plan includes funding for Ethereum layer-2 Unichain, the Uniswap v4 protocol, and liquidity incentives. Supported by a $165.5 million budget, the initiative aims to drive growth and innovation for the decentralized exchange.
These news stories highlight significant achievements and changes in the DeFi and crypto world. The Ripple lawsuit dismissal, the launch of PumpSwap, and the new Uniswap growth plan reflect the industry's continued development and adaptation to new challenges.
