Business
SBI Crypto, a wholly owned subsidiary of Japanese financial giant SBI Holdings, is winding down its Bitcoin mining pool services, according to an announcement from the firm. Though a reason was not given, the firm indicated it would cease operations on July 31. “Until then, we expect the pool to continue operating under normal conditions, and customers may continue mining and receiving payouts as usual,” the firm wrote. “Our goal is to continue providing stable and reliable mining pool operat...
Coins
Litecoin was affected by a bug this weekend that allowed an attacker to transfer digital assets to a decentralized exchange, prompting the network to undergo a so-called reorganization to prevent someone from cashing in on crypto’s latest vulnerability. The process, also known as a “reorg,” effectively purged faulty transactions from the network, which stemmed from a security flaw in Litecoin’s MimbleWimble Extension Block (MWEB) privacy layer, the digital asset’s official X account said in a p...
Coins
A draft version of a key U.S. Senate bill could grant major cryptocurrencies like XRP, Solana, and Dogecoin significant regulatory relief by placing them in the same category as Bitcoin and Ethereum, according to text circulating ahead of the official release. The draft of the Senate Banking Committee's "Clarity Act," released by Chairman Tim Scott of the Senate Banking Committee today, includes a provision that would classify certain tokens as "non-ancillary" assets, effectively exempting them...
Opinion
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack. GM! Today’s top news: Crypto majors fall slightly after weekend rally; BTC -1% at $114,500 SOL holds $200 ahead of Bitwise BSOL ETF launch today (with staking) Democrats call for crypto creation and trading to be banned for elected officials ETHZ stock pops 14% after DAT dumps $40M in ETH MegaE...
Markets
Four exchange-traded funds tracking separately Solana (SOL), Litecoin (LTC), and Hedera (HBAR) will list this week, expanding the slate of spot crypto ETFs trading in the U.S. following a long list of altcoin funds proposed to regulators. The Canary Litecoin ETF and Canary HBAR ETF are already effective as of this writing and will begin trading on the Nasdaq on Tuesday. Bitwise said that it's Solana Staking ETF is also effective and will debut on Tuesday, while the Grayscale Solana ETF—a convers...
Markets
The "Uptober" effect is in full swing. Kicking off what has historically been Bitcoin's strongest month, the original crypto has sparked a broad market rally, with capital rotating into older altcoins. The forceful move has caught many traders off guard, triggering a massive wave of short liquidations and flipping overall market sentiment from fear to greed in a matter of days. Litecoin has taken the lead among the top cryptocurrencies, surging 10% over the last 24 hours to trade at $118. Li...
Law and Order
The U.S. Securities and Exchange Commission signed off Wednesday on new generic listing standards for commodity-based trusts, a move that analysts say could swing the door wide open for crypto products beyond Bitcoin and Ethereum. The new standards, approved for Nasdaq, Cboe BZX, and NYSE Arca, allow trusts that meet defined criteria to list without a separate Commission order. They bar leveraged and inverse structures, but create a pathway for commodity or crypto-linked products to qualify more...
Markets
The SEC has pushed back its decision on Nasdaq’s bid to list the Grayscale Hedera Trust as the investment firm filed updated registrations for its Bitcoin Cash and Litecoin trusts. The SEC is designating November 12 as the new deadline, according to an order on Grayscale's Hedera Trust published Tuesday. On the same day, Grayscale submitted registration statements for its Bitcoin Cash Trust and Litecoin Trust, both of which were filed on Form S-3 as existing vehicles that already report to the S...
Business
Canadian crypto infrastructure firm Luxxfolio filed a shelf prospectus on Thursday to raise up to CAD$100 million (US$73 million), months after becoming the first publicly listed company to anchor its treasury in Litecoin following a broader pivot away from Bitcoin mining. Luxxfolio views Litecoin “as hard currency,” CEO and Director Tomek Antoniak said in a statement. “In our sector, scale is critical—the larger our treasury, infrastructure, and ecosystem footprint, the greater our ability to c...
Law and Order
A Nebraska man has been sentenced to one year and one day in prison for running a large-scale illegal "cryptojacking" scheme that defrauded two major cloud computing providers out of more than $3.5 million worth of computing resources, which he used to mine nearly $1 million in cryptocurrency. Charles O. Parks III, 46, also known online as "CP3O," pleaded guilty in December 2024 to wire fraud after being indicted earlier that year. He initially faced a maximum sentence of 30 years. Crypto Influ...
Markets
Litecoin surged to a five-month high of $128.40 Tuesday morning, amid rumors of ETF approval and significant corporate treasury investment. LTC has since pulled back, but is up 5.8% to $123.60 in the past 24 hours and 12.3% in the past week, according to data from CoinGecko—and is up over 41% this month, giving it an overall market cap of $9.4 billion. The odds of a Litecoin ETF being approved in 2025 currently sit at 80%, according to decentralized prediction platform Polymarket. However, on p...
Markets
After a rough weekend that saw cryptocurrencies plunge alongside global risk assets, the crypto market is staging an impressive recovery rally. The total market capitalization has climbed back to $3.76 trillion, up 2.01% from yesterday, with an overwhelming 95% of the top 100 cryptocurrencies posting gains in the past 24 hours. The rebound comes as traditional markets find their footing, with the S&P 500 futures pointing to a positive open after Friday's tariff-induced selloff. Wall Street weigh...
Markets
Old-school cryptocurrencies are surging in the wake of XRP setting a new all-time high, after a painstaking seven-year wait. One expert believes it is an early sign of an altcoin season following Bitcoin’s all-time high on Monday, adding that newer altcoins could be next to pump. Major retro altcoins Ethereum Classic, Litecoin, and Bitcoin Cash have all seen notable gains, with other altcoin such as Uniswap, Dogecoin, and Hedera also jumping in value. “We're seeing early signals of an 'altcoin...
Law and Order
Anti-money laundering reports involving cryptocurrencies rose by 8.2% in Germany last year, according to the annual report from the German Financial Intelligence Unit (FIU). Total crypto-related reports climbed from 8,049 in 2023 to hit 8,711, accounting for a record 3.3% of all suspicious activity reports (SARs) submitted to the FIU, the agency responsible in Germany for combating money laundering. The total figure marks a 23.6% increase since 2020, with Bitcoin predominating in the vast majori...
Technology
For years, Litecoin's narrative as the digital silver to Bitcoin's gold has appeared to be on the wane, with its price down some 76% from its all-time high set more than four years ago. But that doesn’t mean Litecoin has been forgotten. On the occasion of the Litecoin Summit, BitcoinOS has revealed that it's pioneering a trustless ZK rollup for Litecoin. "Litecoin is one of the biggest chains out there with a massive audience," Edan Yago, co-founder and core contributor to BitcoinOS, told Decryp...
Markets
The U.S. Securities and Exchange Commission on Monday stopped short of giving the green light to a new crypto exchange-traded fund that would give investors exposure to Litecoin. The Wall Street regulator instead decided to delay giving an answer to the proposed product—which is a perfectly normal step for such applications. Nashville, Tennessee-based Canary Capital filed the paperwork in October for the Canary Litecoin ETF. The SEC currently has dozens of altcoin ETF applications to consider f...
Markets
Biopharmaceutical and technologies company Coeptis Therapeutics is merging with Dogecoin mining company Z Squared Inc., with the combined stated aim of becoming the largest publicly traded Dogecoin miner. But shareholders don't appear keen on the plan, as shares of Coeptis are down nearly 40% on the day to $7.53 as investors react to the news. The boards of both companies have agreed to the merger, which is subject to closing conditions and both regulatory and shareholder approval. “We are exc...
Markets
Fund manager Fidelity is allowing its clients to invest in Bitcoin, Ethereum and Litecoin via individual retirement accounts. Starting Wednesday, investors have been able to get exposure to three virtual coins, which Fidelity already offers via its crypto trading service, by opening a "crypto IRA." Decrypt reached out to Fidelity for comment. The firm, which is the U.S.'s largest provider of 401(k) savings accounts, will custody the assets with the new service. Bitcoin is the biggest crypto...
Markets
Wall Street’s top regulator is mulling over applications from European asset manager CoinShares to approve the world’s first U.S.-based spot XRP and Litecoin exchange-traded funds, a Wednesday filing shows. The funds would track the performance of XRP, the world’s third-largest cryptocurrency by market cap and Litecoin, which ranks 15th in value. The assets are among the oldest altcoins to enter the market following Bitcoin’s 2009 start. The SEC said in the filing that comments should be submi...
Markets
The price of Litecoin soared by double-digits in the past 24 hours to reach a four-week high of $118, as optimism brews around the potential approval of a Litecoin-based exchange-traded fund. At time of publication, Litecoin is trading at around $117, up 15.1% on the day, per data from CoinGecko. Litecoin's surge followed Canary Capital’s amendment to its S-1 registration form with the U.S. Securities and Exchange Commission (SEC) on January 15, a move analysts interpret as a major step toward r...
