Crypto Headlines Of The Week: Ripple & Sam-Bankman’s Legal Saga Takes New Turn, Solana Meme Coins Echo Frenzy

Another week ends with a riveting turn of events witnessed within the global crypto realm. Among these eye-catching events, Ripple, Sam-Bankman Fried, and Solana meme coins appear to have magnetized substantial attention among crypto market participants.

Some of the top headlines that echoed a sense of frenzy this week are-

Sam Bankman Fried’s Legal Battle Ends With Prison

The epic fall of FTX, a bankrupt cryptocurrency exchange, has finally received its validation, as the founder of the firm, Sam-Bankman Fried, was finally sentenced to 25 years in prison. The 32-year-old was sentenced to prison in a Manhattan federal court under the authority of Judge Lewis A. Kaplan after being convicted on multiple charges, including fraud and money laundering, which caused the notable downfall of FTX.

Following a series of legal battles ever since FTX collapsed, this decision finally offered investors immense relief. With various legal sagas such as impact statements presented in court, the DOJ’s constant push to ensure the convicted is behind bars, and the Sam Coins’ chronicle weighing in this week, the founder of FTX finally faces a decision.

Final Call on Ripple vs SEC Looms?

Meanwhile, another legal chronicle that appears to have endured since historic times, Ripple vs. the US SEC, took an exciting turn this week. The SEC reportedly asked Judge Analisa Torres for a final judgment against Ripple in the XRP lawsuit, eyeing a nearly $2 billion penalty.

This week, the US SEC recalled Ripple’s violations in a federal court, asking Judge Torres to rule a final judgment. It includes permanent injunctions, disgorgement, and prejudgment interest, and nearly $2 billion in civil penalties.

Also Read: Sam Bankman News: 15 Things You Should Know About Sam Bankman, Ex-FTX CEO

Solana Meme Coins Curate Buzz

On the other hand, Solana meme coins appear to be emerging as the hot topic this week, defying broader downtrends by meme coins. Although Dogecoin was another meme coin that defied this downtrend, Solana meme coins, in particular, stood out.

Aligning with SOL’s broader uptrend, meme coins Dogwifhat (WIF) and the newly launched Cat in a Dogs World (MEW) nabbed substantial investor attention. On one hand, WIF noted a weekly surge of roughly 100%, continuing its upward trajectory, whereas MEW sparked speculations with an approximate 140% rally as of press time.

This garnered noteworthy attention among crypto market traders and investors globally, as even Solana whales appear to have been noted shifting focus to MEW. With a whale accumulating over 10% of MEW’s supply, switching its position from BOME to MEW, the Cat in a Dogs World token birthed bullish sentiments across the global crypto horizon, followed by other similar accumulations.

Also Read: Solana Meme Coin MEW Rallies 140%, Here’s Everything