Altcoin report: Market cap drops to $1.4T as Bitcoin breakdown triggers reaction

Nevin Shetty, former CFO of a software firm, has been found guilty of wire fraud in connection with a $35 million misappropriation of company funds. Secretly, Shetty wire-transferred the funds to his crypto exchange, HighTower Treasury, and used it to fund principle-earning DeFi lending protocols for a promising return. A jury in Seattle found Shetty […]

The post Why Litecoin Rally Is More Likely Than Ever as SEC Issues New Guidelines appeared on BitcoinEthereumNews.com. There’s a new spark in the legacy corners of crypto, and it’s coming straight from Washington. The SEC’s approval of generic listing standards for commodity-based trust shares includes digital assets like Litecoin. It marks a regulatory shift that’s already rippling across markets. For Litecoin, a coin better known for consistent reliability than headline-driven hype, the winds just shifted in its favor. Decrypting the SEC’s Decision Until now, getting a new spot crypto ETF or ETP listed in the U.S. felt like running a marathon blindfolded. Every submission faced a bespoke, months-long review process. It was opaque, slow, and frustrating for issuers and investors alike. With Wednesday’s vote, three major national exchanges can now offer new products tracking commodities, including digital assets, without the drawn-out SEC review for each individual listing. Source: Litecoin Foundation For the first time, listing a Litecoin-based ETF could be as simple as meeting a checklist. This move slashes timelines from months to weeks and opens the floodgates for investment products tied to Litecoin. Institutional investors, many of whom were previously locked out, now have a clearer path to gaining regulated exposure. Jamie Selway, Director of Trading and Markets at the SEC, called it “much needed regulatory clarity and certainty.” Further, Chairman Paul Atkins pointed to maximizing investor choice and fostering innovation. Why Litecoin (LTC) Price Stands to Benefit Litecoin’s fundamentals haven’t changed much over the past decade, and for some, that’s the point. LTC remains fast, cheap, and decentralized, a proven alternative to Bitcoin for payments and cross-border transactions. But the SEC’s new rules could unlock a long-awaited mainstream moment for the digital silver. First, Litecoin is already included in the Grayscale Digital Large Cap Fund, which tracks spot assets on the CoinDesk 5 Index. As new ETF options come online, expect more products to bring…

Wormhole introduces W 2.0 tokenomics with a reserve system, 4% yield, and bi-weekly unlocks, boosting W token price 22% in one day.