SEC drops its lawsuit against Ripple XRP

After years of litigation, the legal battle finally concludes

The legal battle between the SEC and Ripple has finally come to an end, with the SEC officially dropping its lawsuit against the crypto firm. The news comes after years of litigation, which began in 2020 when the SEC sued Ripple for allegedly selling unregistered securities in the form of XRP tokens.

The SEC's complaint also named former executives, who allegedly aided in the purported scheme to flout federal securities law, according to the agency's press statement at the time.

The lawsuit was closely watched by the crypto industry, as it could have had major implications for the regulation of other crypto firms. The SEC's decision to drop the lawsuit is a victory for Ripple and for the crypto industry as a whole.

In other news, Sahara AI has announced Season 3 of its Data Creator Platform, offering new opportunities for AI data contributors. The company is known for its initiative to create a large language model (LLM) in the metaverse, powered by a community of paid contributors.

Following Season 2, which focused on image and video generation, Season 3 will introduce diverse content formats like audio, 3D models, code, and documents, according to the announcement on Wednesday.

Moreover, Binance has announced the first batch of tokens selected for its Vote to List Campaign. The initiative, which grants Binance users the power to decide which tokens get listed on the exchange, is a testament to the Binance chain's commitment to community involvement and a decentralized approach to decision-making.

Each user will receive one vote, with the top-voted tokens advancing to the second stage of the campaign.

In a technical development, Fetch.ai is shifting to SQL to further its efforts in advancing AI Agents for Web3. The move, described by Fetch.ai as a “pivotal adjustment,” aims to enhance the capabilities of its AI Agents.

“This shift will streamline the process of connecting and integrating AI Agents in a decentralized manner,” Fetch.ai stated in a press release on Thursday.

The company explained that the change is a response to the increasing complexity of blockchain ecosystems and the need for a standardized approach to data management.

The developers of Ethereum have announced the termination of support for Molotov clients, a crucial protocol change that will directly affect node operators.

Announced on Thursday, the change, which went into effect with the latest testnet upgrade, aims to enhance the efficiency and security of the Ethereum network.

As explained by the developers, Molotov clients, an early version of the Ethereum node software, are no longer being maintained and could pose risks to the network due to potential vulnerabilities.

MEXC has unveiled DEX+, its new decentralized trading solution, marking a significant addition to its offerings in the DeFi ecosystem.

Announced on Thursday, DEX+ is designed to provide users with a seamless and efficient decentralized trading experience, combining the advantages of centralized and decentralized exchanges.

The launch of DEX+ follows the recent news of MEXC's integration with the Hedera network, expanding the exchange's presence in the DeFi space.

Furthermore, Raydium is set to roll out its token issuance platform, dubbed LaunchLab, on March 28. The platform will be available on the Solana chain and is designed to assist promising projects in rapidly scaling their businesses and reaching a wider audience.

The initiative will enable projects to introduce their tokens to the market in a seamless and compliant manner, leveraging Raydium's expertise and experience in the Solana ecosystem.

Arcium is planning to distribute its tokens through the Coinlist platform, a move that is sure to generate interest among cryptocurrency investors.

The company, which is developing a liquidity network for efficient capital flows, is set to sell 10 billion tokens at a price of $0.001, according to the announcement on Thursday.

The minimum contribution for the token sale will be $50, with a maximum of $50,000 per investor.

PAAL AI has announced the adoption of Chainlink's Cross-Chain Interoperability Protocol (CCIP) standard, a move that will enhance the cross-chain functionality of its AI applications.

The integration of CCIP aims to facilitate the seamless transfer of value and data across multiple chains, expanding the scope and efficiency of PAAL's AI initiatives in Web3.

The Cronos blockchain is set to release 708 SCBO, which was burned back in 2021, according to an announcement on Thursday.

The move, part of Cronos's tokenomics adjustments, will see the remaining Circulating Supply Balance (SCBO) tokens burned, further reducing the total supply and potentially increasing the value of the remaining tokens.

Cronos, the Cronos chain, is a blockchain network that is compatible with the Ethereum Virtual Machine (EVM). It was launched in March 2021 by Crypto.com, the company behind the Cronos ecosystem.

EOS is undergoing a major rebranding as it shifts its focus to Web3 banking, changing its name