Litecoin spikes 25%: What’s behind the sudden surge?
Litecoin spikes 25%: What’s behind the sudden surge?Litecoin, one of the oldest coins in the cryptocurrency ecosystem, has received a sharp boost in price, though the immediate causes are unclear.
Happy Saturday!The global crypto market cap is $1.2 trillion, with a 24-hour volume of $39.22 billion. The price of Bitcoin is $30,555.69, and BTC market dominance is 49.6%. The price of Ethereum is $1,917.92, and ETH market dominance is 19.3%. The best-performing sector is Sports, which gained 107%. The Crypto Fear & Greed Index is currently Greed (59). Top News
Litecoin spikes 25%: What’s behind the sudden surge?Litecoin, one of the oldest coins in the cryptocurrency ecosystem, has received a sharp boost in price, though the immediate causes are unclear. Fidelity, VanEck, and more refile spot Bitcoin ETF applications after reports of SEC rejectionsNews of impending rejection from the SEC over language concerning surveillance agreements have led to a wave of updated refilings. Celsius granted court approval to convert altcoins into Bitcoin and EthereumThe Court further ordered that Bitcoin or Ethereum were the only cryptocurrencies that could be used to pay out creditor claims. Latest Insights
More NewsBitcoin’s breakup with gold may be a sign of crypto’s emerging maturityBitcoin's correlation with gold reached its yearly low on June 30, suggesting a decoupling from other assets. Recent spot Bitcoin ETF applications fall short of SEC’s expectations on a technicality, but are not out of the running yetThe SEC's "rejection" of several spot Bitcoin ETFs, first reported by the Wall Street Journal on June 30, has more to do with clarity of language than rejecting the applications on principle. South Korea passes new crypto legislation focusing on investor protectionsThe legislation combines 19 different crypto-related bills that aim to establish a regulatory framework for the industry and define digital assets that are securities. Italian central bank calls for stablecoin regulations in new reportThe Bank of Italy highlighted TerraUSD's collapse and Tether's lesser depeg. Inside the exclusive Bored Ape Yacht Club Party at BlockDown FestivalBored Ape Yacht Club is ready to anchor in Portugal's Algarve coast this summer, promising a night of unforgettable networking, entertainment, and an exclusive peek into the BAYC culture at the prestigious BlockDown Festival.
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Bitcoin breaks below $30k as WSJ reports SEC will block spot Bitcoin ETFs again
Friday, June 30, 2023
WSJ claims SEC will find spot Bitcoin ETF applications inadequate
Reclusive Binance co-founder Yi He speaks on SEC case
Thursday, June 29, 2023
Yi He is a co-founder and major shareholder at Binance and has a close relationship with CEO Changpeng Zhao. Famous for keeping a low profile, she has broken her silence in an interview with Bloomberg
UK Law Commission proposes classifying crypto as a new type of property
Wednesday, June 28, 2023
Other Law Commission recommendations include creating expert panels and implementing a legal framework around crypto collateral arrangements.
Bitcoin Cash surged 108% over the last week after EDX Markets opened
Tuesday, June 27, 2023
The Bitcoin fork network's coin more than doubled in price over the last week after it became available to institutional traders on a powerhouse-backed exchange.
Japan’s token issuers are now exempt from corporate tax on unrealized gains
Monday, June 26, 2023
The tax break is welcome news for Japan's crypto firms, who still have to pay taxes on paper gains for tokens issued by other firms.
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