Litecoin (LTC) has surged 20% to $124.19 after a drop to $106, showcasing a strong V-shaped recovery while the broader crypto market declines. Analysts highlight its potential for new all-time highs, with resistance at $140 and a bullish sentiment among traders, indicating fresh long positions. A weekly close above $133 could signal further upward momentum.
about Litecoin Shows Strong Recovery Amidst Wider Crypto Market DeclineTyler
0 posts last weekSolana Faces Increased Short Positions Amid Memecoin Scandals and Losses
Traders are increasingly bearish on Solana’s SOL coin, with the long-to-short position ratio dropping significantly amid memecoin scandals. The price of SOL has fallen nearly 6%, as insider selling and substantial retail losses sour sentiment in the memecoin ecosystem, which had previously seen a surge in activity. Despite these challenges, Solana continues to outperform Ethereum in revenue generation.
about Solana Faces Increased Short Positions Amid Memecoin Scandals and LossesGemini Boycotts MIT Graduates Over Gary Gensler’s Return to Teaching
Gemini has announced it will not hire graduates from MIT as long as Gary Gensler, former SEC chair known for his aggressive regulation of the crypto industry, remains a professor there. This decision follows conflicts between Gemini and the SEC, including a $21 million settlement over unregistered securities. The boycott has sparked mixed reactions within the crypto community, with some supporting the stance while others argue it unfairly punishes students.
about Gemini Boycotts MIT Graduates Over Gary Gensler's Return to TeachingUTXO and Sora Ventures Acquire Majority Stake in HK Asia Holdings
UTXO Management and Sora Ventures have acquired a 70.26% stake in HK Asia Holdings, which will be rebranded as Moon Inc., aiming to drive Bitcoin adoption in Asia. The partnership plans to establish a MicroStrategy-style model, integrating Bitcoin as a reserve asset in corporate treasuries, supported by a $150 million fund to enhance Bitcoin’s role in corporate finance across the region. Moon Inc. will also invest in blockchain and digital assets while issuing convertible notes to increase ownership to over 74%.
about UTXO and Sora Ventures Acquire Majority Stake in HK Asia Holdings