Lite Strategy, a Nasdaq-listed company holding Litecoin as its main treasury asset, has invested $1 million in ZK Innovations, the developer of LitVM. LitVM is building a Layer-2 zero knowledge platform to bring smart contracts, DeFi, tokenized assets, and cross-chain liquidity to Litecoin, which has primarily been used for payments. This investment gives Lite Strategy governance rights and potential future tokens, aligning it more closely with Litecoin's infrastructure development. The upcoming LitVM mainnet will introduce scalability, Ethereum compatibility, and trustless bridging, expanding Litecoin's utility while maintaining its security and decentralization.
U.S. spot ETFs for Solana (SOL) and XRP (XRP) attracted modest inflows on June 18, driven mainly by Bitwise’s ETFs, indicating selective institutional interest. XRP spot ETFs recorded $2.55 million in net inflows, contributing to a cumulative $1.45 b...
Bitcoin, Ethereum, and several other major cryptocurrencies experienced significant price declines exceeding 5% in a recent market downturn. Bitcoin fell to around $62,488, while Ethereum dropped to about $1,679. This widespread sell-off reflects inc...
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...
Nearly $460.9 million in leveraged crypto positions were liquidated in 24 hours as Bitcoin and Ethereum gains caused a broad short squeeze, forcing many traders betting on price drops to close positions. Bitcoin rose 1.09% to $140,697 and Ethereum cl...
Shiba Inu (SHIB) is currently ranked 29th on CoinMarketCap with a market cap of $2.93 billion but may rise significantly due to a potential "mean reversion" trading pattern. This pattern suggests that after a deep price decline, SHIB could experience...
