Author: admin

Important points Canary Capital filed for a Litecoin (LTC) ETF on October 16th. Litecoin price is trying to regain the lost support level. Could LTC rise above this area towards $100? Litecoin price struggled in 2024. Although the year started on a positive note, LTC has declined since April and moved out of its long-term support trend line. However, there has been a backlash since August 5th. Combined with Litecoin’s positive news regarding the Spotlightcoin ETF filing, this could ultimately trigger a price increase. Let’s analyze the price trend and see how likely this is. Canary Capital Litecoin ETF On…

Digital asset manager Grayscale Investments has filed with the U.S. Securities and Exchange Commission (SEC) to convert its digital large-cap fund into an exchange-traded fund (ETF), the Wall Street Journal reports.The fund currently manages over $520 million in assets and offers exposure to a basket of five cryptocurrencies, including Bitcoin, Ethereum, Solana, Ripple, and Avalanche, with 75.58% and 75.58%, respectively. They account for weights of 17.83%, 4.16%, 1.76%, and 0.66%.“Today, Grayscale filed an application to list the Grayscale Digital Large Cap Fund as a diversified multi-crypto asset ETP on the NYSE Arca. The fund currently trades under the ticker: GDLC…

Stablecoins have become one of the most promising applications of blockchain technology, offering a unique balance between the volatile world of cryptocurrencies and the stability of traditional assets. These digital assets are designed to maintain stable value by pegging to real-world assets and currencies, and are currently attracting attention from regulators around the world. As stablecoins gain momentum, so too do efforts to regulate them to ensure financial stability, consumer protection, and the continued development of blockchain technology. The report, Global Stablecoin Regulation Overview, provides a detailed analysis of how different countries and regions are developing their stablecoin regulatory frameworks.…

There have always been skeptics in the world of meme coins, especially when it comes to real-world usage. But while many tokens like DOGE ride the wave of hype, Cutushi is breaking the mold. Unlike Dogecoin, it is designed with additional DeFi features that could become the next big thing.Cutushi is currently in its second phase of presale, priced at $0.022, and has already raised nearly $500,000 in just a few weeks. After a solid start at $0.015 in Stage 1, fears of missing out on Cutushi are quickly growing. Inspired by the Chinese beckoning cat and the teachings of…

Litecoin price experienced a significant increase on October 15th after news of Canary Capital’s Spotlightcoin ETF filing shocked the crypto industry. LTC price exploded with a huge 8% candlestick on the 30-minute time frame and is still trending up. Litecoin enthusiasts have become saturated with X and used the opportunity to boast about their early predictions that a Litecoin ETF will be born in 2024. The previous highest price for LTC was $410 in May 2021 during the bull market. With ETFs as a backdrop, how high can the 2025 bull market go? Litecoin price if LTC ETF is approved…

Pro-crypto Senate candidate John Deaton highlighted the direct impact of the XRP lawsuit victory in a debate with Sen. Warren. Cryptocurrency regulation was the focus of a heated debate between Sen. Elizabeth Warren and Senate candidate John Deaton, with Deaton citing his victory in the SEC v. Ripple case as a major accomplishment. Deaton, a prominent lawyer well-known in the crypto community, noted that the legal battle to protect small retail investors from SEC overreach in the XRP case had significant consequences beyond the lawsuit itself. Deaton spotlights XRP litigation victory During the discussion, Deaton took the opportunity to highlight…

Asset management company Canary Capital has filed for S-1 registration for its Litecoin ETF product. The company, founded by Stephen McClurg, has filed a Canary Litecoin ETF product with the U.S. Securities and Exchange Commission (SEC). This application focuses on providing exposure to the value of LTC held by the Trust. This comes less than a week after the asset manager took a similar bold step with its XRP ETF application. Canary Capital praises Litecoin’s role in crypto ecosystem According to Canary Capital, the decision to select LTC came from understanding the leading role of altcoins in the cryptocurrency ecosystem.-…

Nashville-based investment firm Canary Capital has filed for a Litecoin exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). This follows Canary and BitWise filing for an XRP ETF earlier this month. After the ETF application was published, Litecoin’s official website released a statement. Canary’s new ETF attempt Nashville-based investment firm Canary Capital today filed for a Litecoin (LTC) ETF with the Securities and Exchange Commission (SEC). This comes less than a week after Canary filed its XRP ETF application, demonstrating a multi-pronged approach. Canary documents show both attempts were filed with CSC Delaware Trust Company. BitWise also…

Bitcoin’s rise above $67,000 was driven by strong spot ETF inflows and increased short selling. Bitcoin (BTC) has risen 2% in the past 24 hours and is trading at around $67,000 at the time of writing. Yesterday, October 15th, the leading crypto asset exceeded $67,500, approaching the $68,000 zone and hitting a two-month high. BTC Price – October 16 |Source: crypto.news BTC’s market capitalization currently stands at $1.32 trillion, with daily trading volume of nearly $50 billion. Increased trading volume indicates increased interest from short-term holders and traders, which could increase Bitcoin price volatility. The market-wide rally came as the…

Ethereum has stabilized but is still below the $2,800 line based on the formation on the daily chart. All that is needed is for the coin to close above this liquidation line to form an uptrend. Until then, ETH remains bearish and may be undervalued not only against Bitcoin but also against other coins such as Solana and Tron. Thus, the bull is confident. As long as ETH remains above the local support at $2,300, the price is likely to move higher. On the lower end, the key support level to watch is $2,100. At the time of this writing,…