Lighter (LIT), a decentralized exchange token, rose 9.48% in 24 hours and nearly 55% in a week following its Q2 Investor Update Call. Key highlights included full protocol revenue used for token buybacks, with 6 million LIT repurchased in Q2, plans for token burns, reduced platform costs, and new trading tools. The token's price momentum remains strong, supported by bullish technical indicators, with potential minor pullbacks but overall positive outlook as the platform works toward regulatory approval with the CFTC.
Bitcoin surged to around $62,800 after dropping below $58,000 earlier in July, signaling renewed confidence in the crypto market and easing concerns of a deeper fall to $50,000. Ether also recovered to about $1,760 following a recent dip. While major...
A crypto trader mistakenly swapped 1,126.44 ETH worth $2.01 million for only 5,776 Lighter (LIT) tokens valued at $14,208, losing nearly $2 million in one transaction. The error occurred as LIT surged 53% weekly and entered Coingecko's top trending l...
This week, crypto markets saw a technical recovery led by Bitcoin reclaiming key support, which boosted sentiment and triggered gains in altcoins. MemeCore surged 110% following a $10 million buyback program, Cardano rallied 33.5% ahead of a major pr...
Lighter (LIT) surged 11.16% to $2.09 with a 98.45% rise in trading volume, signaling strong buying interest. Binance derivatives data shows traders remain bullish, with long positions over twice the shorts and positive funding rates supporting the up...
Lighter has integrated Robinhood Chain collateral, allowing users to deposit assets like the USDG stablecoin from Robinhood Wallet as margin for perpetual futures trading. This integration coincides with the launch of Robinhood's Ethereum Layer-2 cha...
