News
Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.
Litecoin’s 25% rally follows Grayscale’s spot ETF filing, with strong long-term holder support and key levels fueling its bullish momentum.
Share link:In this post: Grayscale has filed with the SEC to launch ETFs for Litecoin and Solana. The firm joins Canary Capital in the race for a Litecoin ETF. There is still uncertainty about approval as the SEC reviews a flood of crypto ETF proposals following Gary Gensler’s resignation.
Bitcoin’s dominance and bullish momentum suggest a rally could be imminent. A breakout above $106,193 may pave the way for record highs.
Gyeonggi Province city confiscates coins from 157 citizens with outstanding fines worth over $690
The SAB 121 gained widespread criticism for asking banks that hold crypto to record them as liabilities in their balance sheets.
MicroStrategy may owe billions under U.S. tax rules targeting unrealized gains. With $47B in Bitcoin holdings, the firm’s case could shape corporate cryptocurrency strategies amid regulatory scrutiny.
- 04:48Bitwise CIO: Currently, the sentiment among retail crypto investors is low, but professional investors are extremely optimistic about the marketIn a message from ChainCatcher, Bitwise Chief Investment Officer Matt Hougan stated that there is currently a huge divergence in sentiment between professional investors and retail investors in the crypto market. Retail investor sentiment is at its lowest level in years, while professional investors are extremely bullish on the market. The Crypto Fear Greed Index shows that this index has fallen 25 points from last month's 69 (greed) to 44 (fear). Bloomberg ETF analyst James Seyffart pointed out that this is because retail investors hold a large amount of altcoins and meme coins which have severely declined. Data shows that the top three meme coins by market cap have all dropped more than 20% in the past seven days, with Pepe down 35.31%, Shiba Inu down 20.82%, and Dogecoin down 24.69%.
- 04:44The US Bitcoin ETF had a net inflow of 171.08 million USD yesterdayGolden Finance reports, according to TraderT monitoring, the net inflow of the US spot Bitcoin ETF was 171.08 million USD yesterday.
- 04:44CryptoQuant CEO: Currently, only a few altcoins maintain a high correlation with BitcoinChainCatcher reports that CryptoQuant founder and CEO Ki Young Ju stated that currently only a few altcoins maintain a high correlation with Bitcoin. Among them, infrastructure tokens such as ETH are underperforming, while tokens related to institutional adoption, stable coins, and memes are more active.