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Canary Capitalās spot Litecoin ETF has appeared on the Depository Trust and Clearing Corporation (DTCC) system under the ticker LTCC, marking a key preparatory step for the fundās potential launch.
The DTCC listing establishes the necessary trading infrastructure for the ETF, though SEC approval remains pending. DTCC serves as the primary clearing and custody service provider for US securities transactions.
Canary Capital filed its spot Litecoin ETF application in October 2024, followed by similar filings from asset managers including Grayscale and CoinShares. The Canary application is expected to be the first to receive an SEC decision.
Bloomberg ETF analysts Eric Balchunas and James Seyffart view the outlook for Litecoin-based funds as more favorable compared to other crypto asset funds. The analysts note that the ETF meets approval requirements, with Litecoin already classified as a commodity by the CFTC.
Litecoinās price has risen over 100% since the first Litecoin ETF filing was submitted to the SEC, according to CoinGecko data. The digital asset is currently trading at around $130, showing a 2% increase in the past hour.
#LitecoinETF
The DTCC listing establishes the necessary trading infrastructure for the ETF, though SEC approval remains pending. DTCC serves as the primary clearing and custody service provider for US securities transactions.
Canary Capital filed its spot Litecoin ETF application in October 2024, followed by similar filings from asset managers including Grayscale and CoinShares. The Canary application is expected to be the first to receive an SEC decision.
Bloomberg ETF analysts Eric Balchunas and James Seyffart view the outlook for Litecoin-based funds as more favorable compared to other crypto asset funds. The analysts note that the ETF meets approval requirements, with Litecoin already classified as a commodity by the CFTC.
Litecoinās price has risen over 100% since the first Litecoin ETF filing was submitted to the SEC, according to CoinGecko data. The digital asset is currently trading at around $130, showing a 2% increase in the past hour.
#LitecoinETF
Web3 gas fees refer to the charges incurred when executing transactions or interacting with smart contracts on blockchain networks within the decentralized web. These fees are essential for compensating network participants, such as miners or validators, who process and validate transactions. In essence, gas fees act as a mechanism to allocate computational resources and ensure the smooth functioning of Decentralized Applications (dApps) and blockchain protocols. The cost associated with gas fees is influenced by various factors, including network demand, transaction complexity, and the gas price set by users. Understanding gas fees is crucial for both developers and users, as it affects transaction costs, network efficiency, and the overall experience in Web3 technology.
The gas price is crucial in the Web3 Consulting Company because it directly impacts the cost and priority of transactions on blockchain networks. Gas price, expressed in smaller units of the networkās native cryptocurrency, determines how much a user is willing to pay per unit of gas required to process a transaction or execute a smart contract. Higher gas prices incentivize miners or validators to prioritize and process transactions more quickly, especially during periods of network congestion. Conversely, lower gas prices can lead to slower transaction times and increased competition among users for faster processing. Therefore, the gas price plays a pivotal role in balancing transaction speed, cost efficiency, and network congestion, making it a fundamental aspect of managing interactions within the decentralized web.
#GasFeeImpact
The gas price is crucial in the Web3 Consulting Company because it directly impacts the cost and priority of transactions on blockchain networks. Gas price, expressed in smaller units of the networkās native cryptocurrency, determines how much a user is willing to pay per unit of gas required to process a transaction or execute a smart contract. Higher gas prices incentivize miners or validators to prioritize and process transactions more quickly, especially during periods of network congestion. Conversely, lower gas prices can lead to slower transaction times and increased competition among users for faster processing. Therefore, the gas price plays a pivotal role in balancing transaction speed, cost efficiency, and network congestion, making it a fundamental aspect of managing interactions within the decentralized web.
#GasFeeImpact
what is Litecoin?
Litecoin is a digital currency purpose-built for everyday use. Launched in October 2011, Litecoin remains decentralized, inflation-resistant and censorship-proof.
What Makes Litecoin Stand Out?
Litecoin stands for it's Reliability & Security.
In 13 years, Litecoin has had zero network downtime. Litecoin, unlike your bank, has never been hacked or compromised, and is open 24/7, every day of the year.
It is one of the best crypto for payments
with fees less than $0.01 and almost instantaneous settlement, Litecoin has become the go-to currency for digital payments, peer-to-peer transfers and cross-border transactions.
It gives Financial Privacy & Freedom.
Opt-in confidential transactions are a feature distinct to Litecoin. Allowing users to obfuscate certain transaction details giving Litecoin ($LTC ) cash-like properties.
$LTC
Litecoin is a digital currency purpose-built for everyday use. Launched in October 2011, Litecoin remains decentralized, inflation-resistant and censorship-proof.
What Makes Litecoin Stand Out?
Litecoin stands for it's Reliability & Security.
In 13 years, Litecoin has had zero network downtime. Litecoin, unlike your bank, has never been hacked or compromised, and is open 24/7, every day of the year.
It is one of the best crypto for payments
with fees less than $0.01 and almost instantaneous settlement, Litecoin has become the go-to currency for digital payments, peer-to-peer transfers and cross-border transactions.
It gives Financial Privacy & Freedom.
Opt-in confidential transactions are a feature distinct to Litecoin. Allowing users to obfuscate certain transaction details giving Litecoin ($LTC ) cash-like properties.
$LTC
FTX Digital Markets is set to begin repaying $1.2 billion to its creditors, marking the first major distribution since the exchange collapsed in 2022. Payments will start with priority given to creditors with claims under $50,000. This is part of the ongoing bankruptcy process following FTXās downfall, which resulted in an estimated $9 billion in losses across the industry.
Repayments are calculated based on cryptocurrency prices from November 2022, when Bitcoin was valued at around $20,000. Since then, Bitcoin has surged over 390%, frustrating many creditors who argue that the payout does not reflect the current market value of their assets. Despite this, the distribution could notably impact market liquidity, with some analysts speculating that a portion of the repaid funds may flow back into crypto investments.
According to FTX creditor Sunil, who is part of the exchangeās largest creditor group, over 1,500 claimants will receive payments in this initial round. However, larger creditors are still waiting for updates on their claims, and it remains unclear when they will be reimbursed. The repayment process is being closely watched as a crucial step in FTXās bankruptcy proceedings and the broader recovery of the cryptocurrency market.
Some experts believe the repayments may only minimally affect crypto prices. While a $1.2 billion injection could boost liquidity, many recipients may use the funds for personal financial recovery rather than reinvesting in digital assets. Nexoās public relations manager Magdalena Hristova stated that, beyond financial compensation, these repayments could help restore confidence in the industry. She noted that retail investors, especially those without diversified holdings, will see this as a sign of stability after the chaos caused by FTXās collapse.
#FTXrepayment
Repayments are calculated based on cryptocurrency prices from November 2022, when Bitcoin was valued at around $20,000. Since then, Bitcoin has surged over 390%, frustrating many creditors who argue that the payout does not reflect the current market value of their assets. Despite this, the distribution could notably impact market liquidity, with some analysts speculating that a portion of the repaid funds may flow back into crypto investments.
According to FTX creditor Sunil, who is part of the exchangeās largest creditor group, over 1,500 claimants will receive payments in this initial round. However, larger creditors are still waiting for updates on their claims, and it remains unclear when they will be reimbursed. The repayment process is being closely watched as a crucial step in FTXās bankruptcy proceedings and the broader recovery of the cryptocurrency market.
Some experts believe the repayments may only minimally affect crypto prices. While a $1.2 billion injection could boost liquidity, many recipients may use the funds for personal financial recovery rather than reinvesting in digital assets. Nexoās public relations manager Magdalena Hristova stated that, beyond financial compensation, these repayments could help restore confidence in the industry. She noted that retail investors, especially those without diversified holdings, will see this as a sign of stability after the chaos caused by FTXās collapse.
#FTXrepayment
Today we see a significant drop in #Sol price and it is dropping since it reached its all time high.
There is a fear developing amongst the invester, wether there's funds are in the right coin or not.
Specifically the retail investors are in most despair. They don't know what to do next.
But from my opinion, I would suggest to hold on with the Solana as it will give huge returns in the future.
Many would say that its not good to be optimistic, but there is a reason to be optimistic with the Solana, As we all know that the meme coins launching these days built over solana blockchain. Also there is a huge number of projects going on with Solana network. Also the gas fee is less in Solana.
So conclusion is this, there is some market correction with each coin, it shouldn't be feared but treated as opportunity to increase holdings with discounted price.
$SOL
There is a fear developing amongst the invester, wether there's funds are in the right coin or not.
Specifically the retail investors are in most despair. They don't know what to do next.
But from my opinion, I would suggest to hold on with the Solana as it will give huge returns in the future.
Many would say that its not good to be optimistic, but there is a reason to be optimistic with the Solana, As we all know that the meme coins launching these days built over solana blockchain. Also there is a huge number of projects going on with Solana network. Also the gas fee is less in Solana.
So conclusion is this, there is some market correction with each coin, it shouldn't be feared but treated as opportunity to increase holdings with discounted price.
$SOL
Argentine President Javier Milei is under federal investigation after endorsing the cryptocurrency $LIBRA, which saw a meteoric rise and collapse within hours, erasing over $4.4 billion in market value. More than 40,000 investors suffered losses, and legal complaints accuse Milei of fraud and illicit association. The scandal has triggered impeachment calls and a stock market decline.
Argentine President Javier Milei is facing growing scrutiny after promoting a cryptocurrency token called $LIBRA, which saw a dramatic rise and crash within hours, leading to significant investor losses.
Federal prosecutors have opened an investigation into whether Milei was complicit in fraud, criminal association, or a breach of duty. Judge MarĆa Servini has been randomly assigned the case following more than 100 complaints filed in Argentina and the United States.
Milei had posted on X (formerly Twitter) on Friday night, endorsing the little-known cryptocurrency, stating that it aimed to stimulate Argentinaās economy by funding small businesses and startups.
The endorsement caused the tokenās value to surge, reaching nearly $5, only for it to plummet within hours . Amid widespread backlash, Milei deleted his post and denied any involvement with the cryptocurrencyās development.
#MileiMemeCoinControversy
Argentine President Javier Milei is facing growing scrutiny after promoting a cryptocurrency token called $LIBRA, which saw a dramatic rise and crash within hours, leading to significant investor losses.
Federal prosecutors have opened an investigation into whether Milei was complicit in fraud, criminal association, or a breach of duty. Judge MarĆa Servini has been randomly assigned the case following more than 100 complaints filed in Argentina and the United States.
Milei had posted on X (formerly Twitter) on Friday night, endorsing the little-known cryptocurrency, stating that it aimed to stimulate Argentinaās economy by funding small businesses and startups.
The endorsement caused the tokenās value to surge, reaching nearly $5, only for it to plummet within hours . Amid widespread backlash, Milei deleted his post and denied any involvement with the cryptocurrencyās development.
#MileiMemeCoinControversy
See original
Argentine President Javier Milei is facing impeachment calls - and legal action accusing him of fraud - over his promotion of cryptocurrency on social media.
Milei posted on X, formerly Twitter, about the $LIBRA coin on Friday, which he said would help fund small businesses and start-ups.
He shared a link to buy it, causing its price to shoot up. But within a few hours, he deleted his post and the cryptocurrency nosedived in value, losing investors most of their money.
Some opposition members of Congress say they plan to start proceedings to impeach Milei. Meanwhile, lawyers filed complaints of fraud in Argentina's criminal court on Sunday.
# MileiMemeCoinControversy
Milei posted on X, formerly Twitter, about the $LIBRA coin on Friday, which he said would help fund small businesses and start-ups.
He shared a link to buy it, causing its price to shoot up. But within a few hours, he deleted his post and the cryptocurrency nosedived in value, losing investors most of their money.
Some opposition members of Congress say they plan to start proceedings to impeach Milei. Meanwhile, lawyers filed complaints of fraud in Argentina's criminal court on Sunday.
# MileiMemeCoinControversy
Ethereum was conceived in 2013 by programmer Vitalik Buterin.Other founders include Gavin Wood, Charles Hoskinson, Anthony Do lorio and Joseph Lubin. In 2014, development work began and was crowdfunded , and the network went live on 30 July 2015. Ethereum allows anyone to deploy permanent and immutable decentralized application onto it with which users can interact. Decentralized finance (DeFi) applications provide financial instruments that do not directly rely on financial intermediaries like brokerages, exchanges, or banks. This facilitates borrowing against cryptocurrency holdings or lending them out for interest. Ethereum also allows users to create and exchange non-fungible tokens (NFTs), which are tokens that can be tied to unique digital assets, such as images. Additionally, many other cryptocurrencies utilize the ERC-20 token standard on top of the Ethereum blockchain and have utilized the platform for initial coin offerings.
On 15 September 2022, Ethereum transitioned its consensus mechanism from proof-of-work(PoW) to proof-of-stake (PoS) in an upgrade process known as "the Merge", which cut the blockchain's energy usage by 99%.
$ETH
On 15 September 2022, Ethereum transitioned its consensus mechanism from proof-of-work(PoW) to proof-of-stake (PoS) in an upgrade process known as "the Merge", which cut the blockchain's energy usage by 99%.
$ETH
Trump's crypto company launches strategic 'token reserve'
World Liberty Financial, the new crypto platform in which President Donald Trump holds a financial stake, announced that it was unveiling a strategic token reserve designed to bolster Bitcoin, Ethereum and other cryptocurrencies "that are at the forefront of reshaping global finance."
WLF said in a statement posted on X on Tuesday that its new token reserve would enable it to mitigate market volatility, empower the company to invest in innovative projects in decentralized finance, and develop a
WLF said in a statement posted on X on Tuesday that its new token reserve would enable it to mitigate market volatility, empower the company to invest in innovative projects in decentralized finance, and develop a
Thereās a 90% chance Litecoin ETFs are approved, followed by 75% odds for a dogecoin ETF.
A shifting regulatory climate has buoyed approval hopes, however, with the SEC already passing initial checks for certain tokens in the past weeks.
āWe're putting out relatively high odds of approval across the board. Mainly focused on Litecoin, Solana, XRP, and Dogecoin for now,ā Bloomberg Intelligenceās Seyffart said. āBig implications/expectations in these odds are that Filings will be acknowledged. Likely this week for XRP and Dogecoin.ā
#LTC&XRPETFsNext?
A shifting regulatory climate has buoyed approval hopes, however, with the SEC already passing initial checks for certain tokens in the past weeks.
āWe're putting out relatively high odds of approval across the board. Mainly focused on Litecoin, Solana, XRP, and Dogecoin for now,ā Bloomberg Intelligenceās Seyffart said. āBig implications/expectations in these odds are that Filings will be acknowledged. Likely this week for XRP and Dogecoin.ā
#LTC&XRPETFsNext?
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