Lighter, a decentralized exchange backed by Peter Thiel, has accelerated its buyback of the LIT token, locking 10 million tokens or 4% of the circulating supply since its launch last December. This aggressive buyback, combined with a new Telegram integration enabling leveraged trading, has driven LIT's price up over 40% from $0.74 to above $1.13. The project is buying back about 1% of the supply monthly, potentially locking all circulating tokens in 10 months. While user registrations surged by 40,000 after the Telegram update, open interest showed only slight growth, though daily revenue tripled, supporting further buybacks and potential price gains.
Lighter (LIT) saw a 13% peak rally driven by nearly $1 million in recent protocol revenue and strong Spot buyer interest totaling $54.6 million inflows. Retail traders led the surge, though whale participation increased, supporting leveraged position...
Zcash surged 10.81% to $554.67, leading the altcoin rally thanks to recent upgrades improving its security features. Other altcoins like Lighter and Pump.fun also posted notable gains, reflecting growing interest in niche crypto projects. Meanwhile, ...
Bitcoin stabilized around $62,600 after a recent drop from $64,400 to $61,800, with significant liquidations mostly affecting long positions. South Korea's KOSPI index has fallen 10% since Friday, causing a massive 1,426% surge in crypto trading volu...
Provenance Blockchain (HASH) led gains on July 14 with a 16.54% price surge to $0.009461, driven by its focus on financial services using distributed ledger technology. Other notable gainers included Beldex (BDX) up 15.97%, NEAR Protocol rising 4%, a...
Bitcoin fell about 1.4% to around $63,000 as renewed US-Iran hostilities caused risk-off sentiment, leading traders to take profits after a recent rally. Despite the drop, Bitcoin remains within its $59,000 to $66,000 trading range and has seen its f...
