Crypto News You May Have Missed This Week

From U.S SEC resolutions to Studio Ghibli memecoins, here are the news you may have missed this week. By Polymarket Integrates Solana

From U.S SEC resolutions to Studio Ghibli memecoins, here are the news that you may have missed this week.

Polymarket Integrates Solana For Lower Transaction Costs And Improved Accessibility

Polymarket recently announced the integration of Solana (SOL) wallet deposits to reduce transaction costs and improve accessibility for users.

Aiming to optimize the user experience, Polymarket has introduced support for Solana wallet deposits on its platform, presenting a viable alternative to Ethereum (ETH).

The integration of Solana’s fast and low-cost network enables Polymarket to provide nearly instant finality and significantly reduced fees compared to Ethereum, catering to retail traders who may be sensitive to high transaction costs and slow confirmation times.

Key Benefits Of Solana Integration:

Solana’s network is known for its speed, executing transactions in about two seconds on average, while Ethereum transactions can take several minutes or more to confirm.

Solana’s transaction costs are typically lower than Ethereum’s, especially during periods of high network congestion.

Solana’s smaller and more engaged community rallies around a shared passion for the blockchain and its potential.

However, despite the lower transaction costs, it’s important to note that users will still bear the network fees during the Solana deposit process.

Nevertheless, Polymarket aims to pass on the savings from Solana’s efficient network to its users by offering competitive market prices and minimizing platform service charges.

The goal is to make a positive impact on the overall trading costs and make a difference in an industry that can sometimes be focused on maximizing profits at the expense of the community.

Ripple Settles US SEC Case For $50M Fine, Institutional XRP Sales Covered By Securities Law

According to a report by CC XV, Ripple has agreed to pay a $50 million fine and drop its cross-appeal to settle the lawsuit with the U.S. SEC, pending final approval.

In return, the SEC will request the lifting of an injunction that barred Ripple from selling XRP to institutions.

Initially fined $125 million, Ripple will recover $75 million from an escrow account. The lawsuit, dating back to 2020, clarified that XRP sales to retail investors were not subject to securities law, while institutional sales were.

Trump’s WLFI USD1 Stablecoin: Fully Backed, Deep Liquidity For Institutional Use

World Liberty Financial Inc. (WLFI), a decentralized finance (DeFi) platform linked to U.S. President Donald Trump, announced the launch of USD1, a fully backed stablecoin designed for institutional use.

In a statement, WLFI noted that it aims to provide a secure and stable digital dollar alternative for sovereign investors and institutions, ensuring deep liquidity and regulated custody.

Key Features:

The stablecoin is fully backed by a combination of U.S. Treasury bills, short-term commercial paper, and high-yield savings accounts, offering both stability and liquidity.

To ensure maximum transparency and accountability, the stablecoin’s reserves are held in segregated bank accounts and undergo regular audits by a Big 4 accounting firm.

The stablecoin’s liquidity is maintained through a network of market makers and liquidity providers, guaranteeing efficient execution of large trades.

The stablecoin is designed to be easily accessible and usable by institutional clients, with dedicated account managers providing personalized support and guidance.

The stablecoin’s custody is regulated and compliant, ensuring the safekeeping of assets in accordance with the highest industry standards.

Crypto.com CEO: SEC Closes Investigation With No Action, Despite Attempt To 'Silence' Platform

According to a statement by Kris Marszalek, CEO of cryptocurrency exchange Crypto.com, the U.S. Securities and Exchange Commission (SEC) has officially closed its probe into the exchange without taking any action.

This brings to an end a seven-month investigation that began with a Wells notice in December 2024.

While the SEC’s investigation is now over, Marszalek spoke of a broader attempt by the regulator to silence Crypto.com.

He claims that the SEC went to great lengths to hinder the exchange’s operations by making it difficult to access banking services, change auditors, and ultimately raise capital.

This, he says, was part of a broader agenda to stymie innovation in the cryptocurrency industry.

Despite the challenges posed by the SEC, Marszalele expressed pride in the resilience of the Crypto.com team, which managed to continue serving its users and expanding its services throughout this ordeal.

According to Marszalek, the SEC's decision not to pursue any action against Crypto.com is a positive development that will be welcomed by the broader cryptocurrency community.

The regulator's actions have been closely watched by the industry, which is navigating an evolving regulatory landscape in the U.S.

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