Category: Litecoin News

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Plus Token Ponzi-linked wallet moves $2B ETH after 3.3 years of dormancy

coiner

Update (Aug. 8 at 1:48 am UTC): Lookonchain deleted the X post that is the subject of this article after analysts argued the X post was inaccurate as most of the funds had been sold in 2021. A new article covering that latest development can be found here. Hundreds of cryptocurrency wallets that have remained inactive for over three years have suddenly started shifting large amounts of Ether (ETH).According to onchain analyst Lookonchain, up to 789,533 ETH was linked to the Plus Token Ponzi scheme and has not been moved since April…

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Canary Capital files S-1 for Litecoin ETF

coiner

Asset manager Canary Capital has filed registration documents for a spot Litecoin (LTC) exchange-traded fund (ETF) with United States regulators, according to Oct. 15 documents. The filing is the latest in a proliferation of proposed ETFs holding alternative cryptocurrencies ahead of the US presidential election in November. Canary’s proposed ETF aims to hold spot LTC and closely track the performance of the CoinDesk Litecoin Price Index (LTX), according to the filings. Litecoin is a decentralized peer-to-peer digital currency often pegged as a faster, lower-cost alternative to Bitcoin (BTC) for small…

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SOL, XRP ETF filings are ‘call options’ on Trump win: Bloomberg analyst

coiner

The flurry of filings to list alternative cryptocurrency exchange-traded funds (ETFs) in the United States are “call options on a Trump victory” in the upcoming presidential elections, Eric Balchunas, an ETF analyst at Bloomberg Intelligence, said on Oct. 25. “If [former US president Donald] Trump wins […] he will definitely put in a more libertarian [Securities and Exchange Commission] chair,” Balchunas said during the Plan B Forum conference in Lugano, Switzerland. “So if you see a Trump victory, watch this space, and if you see a [Kamala] Harris victory, just…

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These crypto ETFs are ‘call options’ on the US elections

coiner

The United States presidential election on Nov. 5 may determine the fate of more than a half dozen proposed cryptocurrency exchange-traded funds (ETFs) waiting on a green light from regulators. In 2024, asset managers submitted a flurry of regulatory filings to list ETFs holding altcoins, including Solana (SOL), XRP (XRP) and Litecoin (LTC), among others. Issuers are also waiting on approval for several planned crypto index ETFs designed to hold diverse baskets of tokens. In effect, these filings are “call options on a Trump victory” in the US presidential race,…

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SEC delays Solana ETF as decisions for Polkadot, XRP loom

coiner

The US Securities and Exchange Commission (SEC) has pushed back its decision on a proposed spot Solana exchange-traded fund (ETF), with the cryptocurrency industry now looking to the deadlines for the Polkadot and XRP-based ETFs in June. The SEC pushed its decision on listing Grayscale’s spot Solana (SOL) Trust ETF on the New York Stock Exchange (NYSE) to October 2025, according to a May 13 filing by the securities regulator. Delay on Grayscale’s Solana ETF. Source: SEC The decision came the week after the SEC delayed its ruling on Canary…

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BIT Mining saw 3X profits mining DOGE, LTC instead of just Bitcoin

coiner

Crypto mining company BIT Mining said its move to mine proof-of-work coins Dogecoin and Litecoin has been more profitable than mining only Bitcoin. BIT Mining, which previously only mined Bitcoin (BTC), said on Dec. 4 that its expansion into Dogecoin (DOGE) and Litecoin (LTC) “has proved to be nearly three times more profitable than mining BTC alone.” The company said up until Nov. 27, it had mined 227,908,250.38 DOGE, worth $94.8 million and 84,485.42 LTC, worth $10.7 million. It didn’t say how much of the mined DOGE and LTC it…

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Bitcoin, Ethereum combo fund to lead ‘wave’ of crypto ETFs in 2025: Analysts

coiner

An exchange-traded fund (ETF) tracking both Bitcoin and Ether is expected to be the first in a “wave” of new United States crypto funds in 2025, senior Bloomberg ETF analyst Eric Balchunas said. “We expect a wave of cryptocurrency ETFs next year, albeit not all at once,” Balchunas posted to X on Dec. 17, sharing an analysis from fellow ETF analyst James Seyffart.  The duo anticipates the first new Bitcoin (BTC) and Ether (ETH) combo fund to be followed by ETFs tracking Litecoin (LTC) or Hedera (HBAR). Seyffart noted that…

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Betting markets predict bullish 2025 for crypto

coiner

Bettors are wagering that 2025 will be a banner year for cryptocurrency markets, according to a Cointelegraph review of data from two popular prediction markets.  Traders on Polymarket and Kalshi expect Bitcoin (BTC) and Ether (ETH) to hit record highs in 2025. They also anticipate the United States greenlighting several new types of crypto exchange-traded funds (ETFs) and establishing a strategic Bitcoin reserve.  As of Dec. 26, Kalshi prices more than 60% odds of BTC and ETH reaching at least $125,000 and $5,000 in 2025, respectively. Polymarket sets 50% odds…

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Trump-linked Strive files for ‘Bitcoin Bond’ ETF

coiner

Strive, an asset manager founded by Vivek Ramaswamy, asked United States regulators for permission to list an exchange-traded fund (ETF) investing in convertible bonds issued by MicroStrategy and other corporate Bitcoin buyers, according to a Dec. 26 filing.  The ETF seeks to offer exposure to “Bitcoin Bonds,” described as “convertible securities issued by MicroStrategy” or by other companies that plan to “invest all or a significant portion of the proceeds to purchase Bitcoin,” according to the filing.  The Strive Bitcoin Bond ETF will be actively managed and will gain exposure…

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