From U.S SEC resolutions to Studio Ghibli memecoins, here are the news you may have missed this week.
Polymarket Integrates Solana
Polymarket recently introduced Solana (SOL) wallet deposits, aiming to lower transaction costs and improve accessibility for users.
Starting today, you can now make deposits into your Polymarket wallet using Solana.https://t.co/3sBK0ai3VU
— Polymarket (@Polymarket) March 24, 2025
By integrating Solana’s fast and low-cost network, Polymarket can now offer near-instant finality and significantly reduced fees compared to Ethereum (ETH), making it easier for retail traders to participate.
Key Benefits of Solana Integration:
- Lower Transaction Costs – Solana’s fees are a fraction of a cent, making it more affordable for users.
- Faster Transactions – Near-instant finality enhances the trading experience.
- Increased Accessibility – Lower barriers to entry attract more retail participants.
Ripple Settles US SEC Case for $50M
Ripple agreed to pay a $50 million fine and drop its cross-appeal to settle its 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 securities transactions, while institutional sales were.
Trump’s WLFI USD1 Stablecoin
World Liberty Financial Inc. (WLFI), a decentralized finance (DeFi) platform connected 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:
- Fully backed by short-term US treasuries, USD deposits, and cash equivalents.
- Initially available on Ethereum (ETH) and Binance Smart Chain (BSC), with plans for expansion.
- Regularly audited by a third-party accounting firm for transparency.
- Custodied by BitGo, a leading digital asset security and liquidity provider.
According to Crypto.com’s CEO, Kris Marszalek, the U.S. Securities and Exchange Commission (SEC) officially ended its investigation into Crypto.com with no action taken against the crypto exchange, seven months after issuing a Wells notice. Marszalek framed the decision as a victory, saying it proves the platform’s resilience despite regulatory challenges.
Marszalek accused the SEC of using “every tool available” to stifle Crypto.com, including restricting access to banking, auditors, and investors.
The SEC’s investigation into https://t.co/pFc4Pz9nFR has been closed with no action being taken against https://t.co/pFc4Pz9nFR.
— Kris | Crypto.com (@kris) March 27, 2025
Studio Ghibli AI Craze Fuels Memecoin Boom on Ethereum, Solana
Following the recent trend of AI-generated artwork mimicking Studio Ghibli’s signature style done through OpenAI’s new 4o model, memecoin traders are capitalizing on the hype, launching a wave of Ghibli-inspired cryptocurrencies.
- The hashtag #GhibliAI has racked up millions of views on X and Instagram.
- OpenAI’s 4o model generates images that capture the whimsical, hand-drawn aesthetic of classics like My Neighbor Totoro and Spirited Away.
- Fans are flooding social media with AI-generated selfies and landscapes, seamlessly blending themselves into the Ghibli universe.
GHIBLI Memecoin Surge:
- Market Cap: $21 million
- 24-Hour Trading Volume: Nearly $70 million
- Total Trades: Over 250,000
- Liquidity Pool: $330,000 worth of Solana (SOL)
Other smaller tokens—such as Ghibli Doge, NoFace, and Yutaro—have also surfaced but have yet to gain significant traction.
LG Electronics to Shut Down NFT Marketplace Art Lab
LG Electronics announced the closure of its NFT marketplace, Art Lab, marking another major exit from the struggling NFT sector. The platform, which allowed users to buy, sell, and display NFTs directly on LG smart TVs, will officially shut down on June 17, 2025.
Shutdown Timeline:
- March 10, 2025 – Users will no longer be able to purchase NFTs on the platform.
- April 30, 2025 – LG will automatically transfer users’ NFTs to their wallets.
- June 17, 2025 – Art Lab will cease operations entirely.
- July 18, 2025 – Customer support for Art Lab users will remain available until this date.
In its announcement, LG did not cite a specific reason for shutting down Art Lab, instead stating that the company aims to “shift focus and explore new opportunities.”
This article is published on BitPinas: Crypto News You May Have Misses This Week | March 29, 2025
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