[PRESS RELEASE – Singapore, Singapore, March 20th, 2025]

LBank(lbank.com), a leading global cryptocurrency exchange, has been recognized as the “Top Choice for Meme Investment” by the reputable evaluation platform CoinGape. This accolade underscores LBank’s strong market position and competitive edge in the meme coin sector, earning widespread recognition from the industry.

CoinGape’s latest rating report assessed exchanges based on four key dimensions: platform functionality, ease of use, customer support and security, and fee competitiveness. The report highlighted LBank’s outstanding performance in fast token listings, deep meme liquidity, and its unique pre-market Guarantee policy, cementing its leadership in the sector.

According to LBank’s transparency report, the platform experienced significant user growth in 2024, surpassing 15 million registered users globally and achieving a daily trading volume of over $3 billion. As a pioneer in the meme coin market, LBank continues to solidify its leadership through strategic partnerships, regulatory expansion, and technological innovation.

In 2024, LBank launched several key initiatives, including deep collaborations with top meme projects, advancements in meme ecosystem infrastructure, and an expanded global compliance strategy. Entering 2025, LBank announced its new trading keywords for 2025: Fastest Altcoin Listings, Top1 in MEME Liquidity and Pre-Market Guarantee—has built a comprehensive meme investment ecosystem, offering traders a seamless, efficient, and secure trading experience. Notably, LBank listed 853 assets in 2024, with meme tokens accounting for 43%. Popular projects such as TRUMP, PAIN, and MUBARAK recorded post-listing price surges of 5,675%, 3,329%, and 1,247%, respectively, significantly outperforming industry averages.

LBank has also been recognized with multiple industry awards for its innovation and exceptional service. On December 23, 2024, LBank was honored with the Best Exchange Award at the Crypto.news Awards 2024. Additionally, at the 2024 Hong Kong Wiki Finance Expo, the platform was named “Best Altcoin & Meme Coin Exchange”, solidifying its reputation in diversified asset trading. Furthermore, GB Finance Magazine shortlisted LBank for the “Best Crypto Trading Bank” award, highlighting its comprehensive strength and influence in the global crypto finance sector.

Furthermore, LBank’s recognition by CoinGape as the “Top Choice for Meme Investment” underscores its rapid growth and strong market credibility. With a commitment to transparency, innovative trading mechanisms, and solid asset reserves, LBank stands out as one of the most competitive global cryptocurrency exchanges. This award not only reaffirms LBank’s unrivaled leadership in meme investments but also enhances its brand influence across the global crypto market.

About LBank

Founded in 2015, LBank is a leading global cryptocurrency exchange, serving over 15 million registered users in more than 210 countries and regions. With daily trading volume of more than $3 billion and support for over 800 cryptocurrencies, LBank is committed to delivering a comprehensive and user-friendly trading experience. Through innovative trading solutions, LBank has helped users achieve average returns of over 130% on newly listed assets.

As a pioneer in the Meme coin market, LBank has listed over 240 mainstream Meme coins and 40 Meme gems, with several achieving gains of over 500%. As the industry leader in first-time Meme coin listings, LBank has become the go-to platform for Meme coin investors.

Users can follow LBank for Updates

Website: https://www.lbank.com/

Twitter: https://twitter.com/LBank_Exchange

Telegram: https://t.me/LBank_en

Instagram: https://www.instagram.com/lbank_exchange

LinkedIn: https://www.linkedin.com/company/lbank

For media requests, users can contact via: press@lbank.com

TL;DR

• The SEC dropped its appeal, seemingly marking the end of its lawsuit against Ripple, though certain legal matters remain unresolved.

• Lawyers debate whether Ripple should appeal its $125M fine, with some warning it could be a risky move.

Was This The End?

After more than four years of court battles, countless rulings, and developments, the lawsuit between Ripple and the US Securities and Exchange Commission (SEC) has finally reached its conclusion. The company’s CEO, Brad Garlinghouse, announced the breaking news, stating that the agency has dropped its appeal, which means the case “has ended and it’s over.” 

The disclosure triggered huge excitement across the XRP army, and many X users started celebrating the victory. However, some legal experts noted that the lawsuit has technically not yet been concluded.

The US lawyer Jeremy Hogan (who has been following the case’s development over the past few years) suggested the “bad stuff” is over, but Ripple can now prolong the battle in different ways.

He pointed out the $125 million fine that Judge Torres ordered on the company last year for violating certain securities laws. According to Hogan, there are four possible scenarios from here on.

First, he thinks Ripple can continue its appeal to the penalty and “get a ruling from an appellate court on whether investment contracts require contracts.” Second, the firm might agree to drop its appeal, and then both parties could try to amend the judgment.

The third option includes the two sides entering a mutual agreement without attempting to change Judge Torres’ ruling. Lastly, Hogan believes Ripple might decide to pay the multi-million fine “and move on.”

The Appeal Seems Like an ‘Unnecessary Gamble’

Another popular attorney who touched upon the matter was Fred Rispoli. He described Ripple’s potential appeal as an “unnecessary gamble” for three important reasons. 

First, the US Court of Appeals for the Second Circuit can rule against the company, which could cause serious reputational damage. He also believes that federal legislation “can essentially erase the loss.”

Last but not least, Rispoli claimed that Ripple has already claimed that its operations did not engage in any of the activities that were previously deemed illegal. 

“But: Maintaining it for now IS the legal “consideration” that would sufficiently justify reducing $125M penalty in exchanging for dropping appeal,” he added.

Although the Fed didn’t lower the interest rates, bitcoin’s price actually reacted well following the meeting and shot up to a multi-week peak of over $87,500 where it faced some resistance.

Many altcoins are also well in the green, led by XRP after Ripple’s victory in the legal case against the US SEC.

BTC Above $85K

Last week didn’t go all that well for the largest cryptocurrency, but it had managed to recover some ground by the time the weekend arrived and stood calmly at around $84,000. Following some volatility on Sunday due to large short positions on Hyperliquid, the asset was rejected at $85,000 at the start of the current business week and slumped to $81,200 on Tuesday.

Nevertheless, it recovered two grand by Wednesday in anticipation of the second FOMC meeting for the year. Once that took place and it became known that the US Fed would not change the key interest rates, BTC reacted with immediate volatility, going up and down by $1,000.

Ultimately, though, the cryptocurrency spiked in the following hours and tapped $87,500 for the first time since March 7. It has failed to maintain its run and now sits below $86,000, but it’s still 2.5% up on the day.

Its market capitalization has risen to $1.7 trillion on CG, while its dominance over the alts has taken another minor hit and is down to 58.4%.

XRP on the Rise

The other big news affecting the crypto market yesterday was the statement by Ripple CEO Brad Garlinghouse, who said on X that the US SEC would drop its legal case against the company he runs after more than four years. The native token reacted immediately, with a price surge from $2.3 to $2.6 before retracing to around $2.5.

Other notable gainers from the larger-cap alts include SOL (5%), SUI (5.5%), and UNI (8%). ETH, BNB, ADA, DOGE, LINK, and XLM are also in the green but in a more modest fashion.

The total crypto market cap has added around $70 billion since yesterday and is up to $2.9 trillion on CG.