KEYTAKEAWAYS
- SEC's dismissal of the Coinbase lawsuit marks significant policy shift under Trump administration, potentially affecting other pending crypto enforcement actions.
- Major infrastructure improvements as Uniswap introduces direct fiat off-ramps and MetaMask unveils smart contract wallets and debit cards.
- Memecoin activity experiences sharp decline with Pump.fun seeing 80% drop in successful listings amid market controversies and retail sentiment cooling.
CONTENT
Welcome to the CoinRank Crypto News Roundup. CoinRank will provide daily important crypto news in this column series, allowing readers to quickly obtain the latest crucial updates from the cryptocurrency market.
MORNING NEWS
1. SEC Formally Dismisses Coinbase Lawsuit
The U.S. Securities and Exchange Commission on Thursday filed to dismiss its lawsuit against Coinbase, ending a legal battle as the regulator changes course under President Donald Trump. The SEC had sued Coinbase in 2023, alleging the exchange facilitated trading in at least 13 crypto tokens it claimed should have been registered as securities. The lawsuit also targeted Coinbase’s staking program. The dismissal follows Coinbase’s announcement last week that the SEC planned to withdraw the case. The SEC has also paused its lawsuit against Binance after a joint request, citing implications of the agency’s new crypto task force established shortly after Trump took office.
2. Uniswap Launches Native Fiat Off-Ramps
Uniswap, the largest Ethereum-based decentralized exchange, has added its first native fiat off-ramps through integrations with MoonPay, Robinhood, and Transak. This new feature allows users to swap supported ERC-20 tokens into USDC and other stablecoins (or ETH) and withdraw funds directly to their bank accounts “in seconds.” The off-ramp is accessible through the Uniswap wallet on iOS and Android, with planned expansions for the browser extension and website. “Starting today, users in 180+ countries can sell supported tokens to deposit funds directly into your bank account,” Uniswap Labs announced.
3. Stripe Declares Stablecoins “Most Innovative” Financial Technology
Global payments giant Stripe has declared stablecoins one of the most innovative areas of the “internet economy” in their annual letter. After processing $1.4 trillion in total volume in 2024, co-founders Patrick and John Collison emphasized stablecoins’ superiority to traditional money through four key properties: cheaper and faster money movement, decentralization, open access, and programmability. Stripe acquired stablecoin startup Bridge for $1.1 billion in October to solidify its position in the market. The company’s stance on cryptocurrency has evolved since halting Bitcoin payments in 2018, re-entering the space in 2022 by enabling USDC payouts and expanding to accept stablecoin payments on multiple blockchains.
4. FanTV Raises $3M for AI Content Creation on Sui
FanTV, the leading AI agent platform for content on Sui, has raised an additional $3 million in strategic investment from Mysten Labs, Cypher Capital, CoinSwitch Ventures, and Illuminati Capital. This follows an earlier $5.5 million raise from Multicoin Capital and others. The platform boasts over 8 million on-chain wallets, 80,000 creators, and has processed over 30 million transactions, positioning it as the largest AI platform across all blockchains. FanTV offers advanced AI technology for creators to transform text to music, generate AI videos, create podcasts, and more, while enabling monetization through Creator Coins, content tokenization, and innovative reward models.
5. Memecoin Platform Pump.fun Activity Drops 80%
Successful new token listings on memecoin platform Pump.fun have declined more than 80% from January highs, according to Dune Analytics data. The daily number of tokens completing Pump.fun’s “bonding curve” has fallen to about 200 on February 26 from nearly 1,200 in late January. Overall token launches have similarly dropped from over 70,000 to approximately 25,000. This decline follows several memecoin-related scandals that soured retail trader sentiment, including the Libra (LIBRA) incident that erased $4.4 billion in market capitalization within hours of launching, and significant losses for investors in the Official Trump (TRUMP) memecoin.
NOON NEWS
1. BitMEX Launches SHELLUSDT Perpetual Swap with 50x Leverage
BitMEX has announced the launch of a new perpetual swap listing for SHELLUSDT, offering traders leverage of up to 50x. The swap, which began trading on February 28, 2025, allows users to take both long and short positions on the SHELL cryptocurrency. This high-leverage product aims to attract experienced traders looking to maximize their trading strategies, positioning BitMEX competitively in the expanding cryptocurrency derivatives market.
2. OpenAI’s Sora Available to European Subscribers
OpenAI has announced that Sora, its video generation model, is now available to Plus and Pro users in the EU, UK, Switzerland, Norway, Liechtenstein, and Iceland, expanding access to the AI tool’s video creation capabilities.
3. StakeStone Hints at Potential Airdrop
Full-chain liquidity asset protocol StakeStone tweeted that users holding assets such as STONE, SBTC, STONEBTC, or BERASTONE “need to continue holding” accompanied by a camera photo, suggesting an upcoming airdrop snapshot.
4. MetaMask Announces Significant Platform Upgrades
MetaMask, a popular Ethereum ecosystem wallet, has unveiled a new development roadmap focused on optimizing user experience. Planned features include smart contract accounts to improve asset security, ERC-5792 batch transaction functionality to reduce gas fees and operation steps, and MetaMask debit cards set to launch in select U.S. states by mid-March. Additionally, MetaMask will add support for Bitcoin and Solana, enabling users to manage multiple blockchain assets in a single wallet.
5. Seven U.S. States Advance Bitcoin Reserve Legislation Dennis Porter, co-founder of Satoshi Action Fund (SAF), reported that seven U.S. states have passed committee review of the Strategic Bitcoin Reserve Act and are advancing through the legislative process.
EVENING NEWS
1. Pump.fun’s Revenue Plummets 92% Amid Controversy
Pump.fun’s protocol fee revenue has plummeted by 92% as platform activity has waned following recent controversies in the memecoin space, particularly the LIBRA incident involving Argentine President Javier Milei.
2. Four.Meme Addresses Security Rumors
Four.Meme has issued a statement addressing “false rumors” about its security, clarifying that the project has not experienced any security incidents and that all funds are safe. The team explained that all on-chain operations are part of normal internal financial management and promised to provide timely updates on LP revenue usage.
3. RedStone Opens Trading on Binance Pre-Market
RedStone (RED) has begun trading on the Binance Pre-Market, currently quoted at 0.4 USDT and reaching the limit for the first day’s price increase. Binance Pre-Market has implemented a price limit mechanism according to previous announcements.
4. Crypto Market Sees $952M in Liquidations
According to Coinglass data, the total liquidation amount across the cryptocurrency market reached $952 million in the last 24 hours, with long positions accounting for $825 million. A total of 227,621 traders were liquidated globally, with the largest single liquidation occurring on HTX’s BTC-USDT pair, worth $38.007 million.
5. Ronaldinho Warns of Fake Memecoins
Former Brazilian footballer Ronaldinho Gaucho has warned his followers about fake memecoins appearing in his name: “Please be aware of the fake Meme coins currently appearing in my name. Remember, I have not launched any official tokens yet.” He added that significant cryptocurrency-related news would be coming soon.
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