Litecoin and Hedera ETFs Likely to Debut Soon
Litecoin, often referred to as the “silver to Bitcoin’s gold,” has maintained its position as a top-tier cryptocurrency since its inception in 2011. Known for its faster transaction speeds and lower fees compared to Bitcoin, Litecoin has gained traction as a reliable digital currency for payments and transactions. Its longevity and proven utility make it an attractive candidate for an ETF.

The industry’s been busy looking over the fence at alternative platforms, but the heart of decentralization and security still lives with #Bitcoin. What if you didn’t have to choose between ironclad security and cutting-edge capabilities?

#Syscoin is reimagining what Bitcoin can do—turning PoW’s unrivaled trust into a launchpad for advanced functionalities, AI-driven economies, and next-gen DeFi. While others patch over their scaling and security issues, we’re leaning into Bitcoin’s inherent strengths.

Don’t settle for half-measures. The era of building on Bitcoin is here. Keep an eye out as we prepare to unveil what’s next.

Florida Plans Strategic Bitcoin Reserve By Early 2025

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According to Odaily, Florida is poised to establish a strategic Bitcoin reserve by the first quarter of 2025. Samuel Armes, the chairman of the Florida Blockchain Business Association (FBBA), indicated that the state is likely to initiate this reserve during the upcoming legislative session, which is set to begin in early 2025. This initiative is grounded in Florida's existing investments in Bitcoin and other crypto-related assets, managed through its substantial $185.7 billion pension fund, the fourth largest in the United States.

Armes highlighted that Florida has already invested in Bitcoin and crypto-related assets through its pension fund. He proposed allocating 1% of the state's pension fund, amounting to approximately $1.857 billion, towards this strategic Bitcoin reserve. This move reflects Florida's growing interest in integrating cryptocurrency into its financial strategies, leveraging its existing investments to potentially enhance the state's economic resilience and financial innovation.

#BTC
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BIT Mining saw 3X profits mining DOGE, LTC instead of just Bitcoin
BIT Mining attributed its widened profit margins from DOGE and LTC to specialized LD3 mining machines it acquired from Bee Computing in 2021.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
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$97,337
, said on Dec. 4 that its expansion into Dogecoin
DOGE
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and Litecoin
LTC
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$137.86
“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 had held onto, as both cryptocurrencies have surged over the past month.

BIT Mining reported holding 22.6 BTC at the end of 2023, currently worth $2.2 million.BIT Mining’s shares are down 37% year to date, continuing a decline in the stock price since 2014.

The firm started its DOGE and LTC mining operations in May 2023 — two-and-a-half years after it changed its name from 500.com and started mining Bitcoin, moving away from being an online sports lottery.

BIT Mining now has over 5,550 active machines that can mine DOGE, LTC and Bellscoin (BEL), representing 1.32% of the total network hashrate.

Diversifying from Bitcoin isn’t a foreign idea in the mining industry
Bitcoin mining heavyweight MARA Holdings revealed it started mining Kaspa
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$0.1604
tokens last September, mining $16 million worth by June.

Rival miners CleanSpark and TeraWulf told Cointelegraph that they intend to continue mining only Bitcoin in the foreseeable future.

“We are not planning any diversification into other proof-of-work coins,” said CleanSpark senior vice president Harry Sudock, who added Bitcoin’s “long track record” means the company is more comfortable with mining it “for the long term.”