Lite Strategy has invested $1 million in LitVM, a Layer-2 platform designed to bring smart contracts and decentralized finance to Litecoin. This investment grants Lite Strategy governance rights and potential future tokens, aligning with its strategy to expand Litecoin's utility beyond holding LTC. LitVM aims to enhance Litecoin with Ethereum-compatible smart contracts, zero-knowledge rollups, and trustless bridging, potentially increasing the cryptocurrency's use cases. Despite recent price drops and low transaction volumes, Litecoin whale wallets have increased, signaling growing interest and accumulation among large holders.
Clearstream, a major European post-trade services provider under Deutsche Börse Group, has expanded its cryptocurrency custody services beyond Bitcoin and Ethereum. The new additions include XRP, Stellar (XLM), Cardano (ADA), Solana (SOL), Litecoin (...
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...
