Author: Token Flash

Litecoin’s price surged on Feb. 10, breaking out of its recent consolidation phase, as optimism around the potential approval of a spot LTC ETF this year continues to remain strong. Litecoin (LTC) rallied over 10% to an intraday high of $114.33 on Monday. It has now soared 104% from its lowest point in 2024. The altcoin’s market cap was seated at over $8.5 billion while its daily trading volume doubled to nearly $1 billion. The biggest driver behind LTC’s price surge is the growing anticipation of a spot Litecoin ETF getting the green light from the U.S. Securities and Exchange…

By Omkar Godbole (All times ET unless indicated otherwise)The crypto market remains directionless, with bitcoin (BTC) languishing below $100,000 before the U.S. jobs report. It’s surprising prices have not yet crossed that threshold, especially after President Donald Trump’s son, Eric, encouraged the family-linked WLFI to invest in BTC in a post on X on Thursday.Typically, such endorsements during a bull run lead to substantial gains. That that hasn’t materialized is a sign markets are no longer buoyed by talk alone and Trump needs to walk the walk. Early this week, the administration said it’s evaluating the feasibility of a strategic…

After the recent listing of the BNB Chain’s Test Token on Binance, co-founder Changpeng Zhao criticized the token listing process on centralized exchanges, calling it “broken” and suggesting that exchanges should adopt a more automatic listing approach similar to decentralized exchanges. Binance co-founder and former CEO Changpeng Zhao, widely known as CZ, has shared his thoughts about the recent listing of the Test Token (TST) on Binance, one of world’s largest crypto exchanges. When questioned about the rationale behind TST’s listing on Binance, CZ explained in his post on X that exchanges often list coins based on popularity and demand,…

Cardano (ADA) and dogecoin (DOGE) were down 4% in the past 24 hours, leading losses among major tokens as traders await U.S. payrolls before further positioning in the market.Bitcoin (BTC) traded just over $97,300 in European morning hours Friday, down 1.7% in the past 24 hours. The broad-based CoinDesk 20 (CD20), a liquid index of the largest tokens by market capitalization, fell 2.3%. “Bitcoin failed to reclaim the $99K resistance level last night, triggering a broad selloff in the market and pushing BTC back to a new daily low of $95.6K,” Singapore-based QCP Capital said in a Telegram broadcast. “With…

Ripple is launching in Portugal with Unicâmbio, helping businesses in Portugal and Brazil make cross-border payments. Ripple has partnered with Unicâmbio, a Portuguese currency exchange provider, to offer cross-border payments between Portugal and Brazil, the company said in a Feb. 10 blog announcement. The partnership is the first time Ripple’s payment solution is available in Portugal, marking a new step in its European expansion. By collaborating with Unicâmbio, Ripple will allow corporate customers to send funds and settle payments, “reducing the time and friction to make moving value dramatically more efficient,” the announcement reads. Ripple has been working in Brazil…

Bitcoin (BTC) snapped a three-day decline after January job growth in the U.S. fell short of expectations.The largest cryptocurrency rose above $100,000 for the first time since Feb. 4, according to CCData, after the Bureau of Labor Statistics said the economy added 143,000 jobs in January, below the forecast 170,000 and down from 256,000 in December.Still, the unemployment rate dropped to 4%, compared with an expected 4.1% and December’s 4.1% and growth in average hourly earnings blew past estimates coming in at 0.5% compared with the expected at 0.3%.”Relatively high wage inflation and a low unemployment rate mean that the…

Strategy (MSTR), the company formerly known as MicroStrategy, is an appealing investment for equity investors looking for levered bitcoin (BTC) exposure, investment bank KBW said in a research report Thursday.KBW assumed coverage of Strategy with an outperform rating and a $560 price target. The shares were 1% higher at around $329 in early trading.Once Strategy, the company co-founded by Michael Saylor, adopts the Financial Accounting Standards Board (FASB) updated accounting treatment for bitcoin holdings in the first quarter of this year, it will shift from an “outdated measurement approach to fair value accounting, with unrealized gains/losses flowing to net income,” analyst…

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.The CoinDesk 20 is currently trading at 3233.37, up 2.6% (+83.05) since 4 p.m. ET on Thursday.All 20 assets are trading higher.Leaders: LTC (+4.9%) and DOT (+4.8%). Laggards: BTC (+1.6%) and ETH (+1.8%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally. Source link

Ether’s (ETH) price action is mirroring a pattern seen during the early August bottom, hinting at a renewed bull run ahead.Ether has faced a steep decline of 32%, dropping to $2,770 since mid-December and has lagged significantly behind its larger rival, bitcoin (BTC). The volatility reached new heights on Monday when prices plummeted to nearly $2,000 on several exchanges, only to rebound to $2,700 on the same day, the biggest one-day swing since September 2021 .The dramatic two-way price action resulted in a surge in trading volumes on platforms like Coinbase (COIN) and Bitstamp, hitting levels not seen since August.The…

Caroline Pham, who is running the U.S. Commodity Futures Trading Commission on an acting basis, is pursuing a stablecoin-backed tokenization pilot program, and an upcoming summit will include the heads of Coinbase, Ripple, Circle, Crypto.com and other digital assets firms.Pham had suggested the idea for a so-called regulatory sandbox on tokenization through her advisory committee, the Global Markets Advisory Committee, in November, but that hadn’t been embraced by the agency’s previous leadership.“I’m excited to announce this groundbreaking initiative for U.S. digital asset markets,” Acting Chairman Pham said in a statement on Friday. “I look forward to engaging with market participants…