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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.
- 10:08Bitget Wallet Launches PUMP Airdrop Campaign, Trade to Receive PUMP TokensOdaily Planet Daily News: From July 7 to July 16, users who trade any token launched on the Pump.fun platform via Bitget Wallet’s “Chain Scanner” feature will receive bgPUMP points (which can be exchanged 1:1 for PUMP tokens). There is no cap on the prize pool, and tens of millions of PUMP rewards have already been distributed.During the event, a single transaction over $20 will earn 500 bgPUMP in one go, and a daily trading volume exceeding $1,000 will grant an additional 500 bgPUMP. After the event ends, eligible users will also receive FOMO Thursday lottery tickets, giving them a chance to win a PUMP grand prize worth up to $6,666 in the fifth FOMO Thursday event launching on July 18.
- 09:58Metaplanet CEO Joins Forces with Multiple Parties to Acquire Korean Firm SGA, Advancing Asia’s Bitcoin Reserve StrategyOdaily Planet Daily reported that Metaplanet CEO Simon Gerovich, together with institutions such as Sora Ventures and KCGI, has formed a consortium to acquire shares of Korean system integrator SGA through a private placement, further advancing the Bitcoin reserve strategy in Asia.According to regulatory approval, SGA will issue more than 58 million new common shares to the consortium, raising approximately 34.5 billion KRW (about 25 million USD), with the new shares expected to be listed on September 24. Upon completion of the transaction, Asia Strategy Partners LLC will become the largest shareholder of SGA, while SGA’s management team will remain unchanged and control will transfer to the new investors. The new shares will be subject to a one-year lock-up period. (Decrypt)
- 09:52MAG7.ssi Returns to 0.9 USDT, Comprehensive Annualized Yield Surpasses 60%According to ChainCatcher, the latest market data shows that as Bitcoin (BTC) reached a new all-time high, surpassing $123,000, the index token MAG7.ssi, launched earlier this year, has rebounded to 0.9 USDT. At the same time, its annualized return on investment (ROI) has outperformed BTC, with stakers enjoying annualized yields of over 60%. MAG7.ssi is a passive index token issued on the Base chain by the SoSoValue index token protocol, designed to capture leading opportunities in the crypto market. The token covers spot synthetic assets of seven major cryptocurrencies, including Bitcoin, Ethereum, and Solana. Built on a native chain with institutional-grade underlying asset custody, it offers investors a diversified asset allocation strategy, effectively spreading investment risk. Through a monthly rebalancing mechanism, MAG7.ssi is able to consistently maintain an optimal investment portfolio, ensuring scientific asset allocation and strong return potential. In addition, MAG7.ssi features unlimited liquidity, making it suitable for investors seeking long-term growth and looking to benefit from the development of the crypto market.