Schlagwort: crypto business

• Litecoin price jumped more than 10% to breach resistance at $130
• The altcoin is trending among top gainers today as traders ride spot exchange-traded funds sentiment.
• If LTC goes parabolic amid ETF approval, analysts target gains to $400 and higher in coming months.

Litecoin (LTC) has posted a decent intraday gain of over 10%, climbing from lows of $115 to hits of $132.

The uptick in the altcoin’s price signals fresh investor enthusiasm amid broader cryptocurrency market bullish sentiment.

However, LTC is taking bears to the edge as anticipation surrounding regulatory approval of LTC exchange-traded funds ticks up.

Crypto analysts say profit reallocation to legacy coins could combine with the anticipated nod post-US government shutdown to send Litecoin price past its all-time high above $400.

Litecoin price surges 10% to retest $130

Litecoin’s price action today has been marked by renewed vigor.

After falling to lows of $115 as Bitcoin gave up gains to near $120,000, bulls have pushed up more than 10% to see the asset retest the psychologically significant $130 resistance level.

It’s a move that has Litecoin looking to break above highs last seen in December 2024.

Gains have come amid surging institutional buying, with on-chain metrics showing a 15% uptick in large wallet accumulations.

Per data the Litecoin Foundation shared on X, the network also hit another key milestone – it has processed over 3 million transactions in the past two weeks.

The Litecoin Network just processed over 3,000,000 transactions in ~two weeks. Litecoin is not slowing down. Being used more than ever. #PaywithLitecoin ⚡️ pic.twitter.com/Uk35nVjVJ1

— Litecoin Foundation ⚡️ (@LTCFoundation) October 9, 2025

LTC’s resurgence has investors aggressively positioning and daily trading volume has jumped more than 170% to over $2.02 billion as of writing.

Litecoin ETF decision imminent – Is $400 next?

Macroeconomic tailwinds, including US Federal Reserve’s minutes and commentary on interest rates, have helped bulls. But that’s not all.

Despite the partial US government shutdown briefly stalling the Securities and Exchange Commission (SEC) activities, latest developments suggest an approval for the first spot Litecoin ETFs is on deck as soon as the shutdown ends.

The impending SEC decision on spot Litecoin ETFs looms as a major catalyst for LTC’s price trajectory. Analysts have pointed to the approval as being largely a done deal.

Bloomberg ETF analysts James Seyffart and Eric Balchunas have pointed this out this week, noting that Canary Capital’s amended S-1 filing for Litecoin and Hedera ETFs includes details that are usually the last inclusions before the greenlight.

INTERESTING: Canary just filed S-1 amendment for Litecoin and HBAR spot ETFs and they include the fees (95bps each) and the tickers (LTCC and HBR). which is typically the last thing updated bf go-time. With shutdown tho who knows but these docs look pretty finalized to me. pic.twitter.com/xSahgxzhtl

— Eric Balchunas (@EricBalchunas) October 7, 2025

With SEC’s recent adoption of generic listing standards for crypto products live, the market is abuzz that the highly anticipated approvals are next.

ETFs and corporate treasuries are therefore a likely massive confluence of bullish catalysts for Litecoin.

In terms of price prediction, Litecoin has to breach $140 and successfully flip the zone into a demand reload area.

Gains to highs of $200 are likely to elevate buying pressure across the market and a technical breakout could allow for a run towards $350 and then the highs of $400.

Litecoin’s all-time peak currently holds at $412, reached in May 2021.

The post Litecoin ETF decision imminent: Is $400 next for LTC? appeared first on CoinJournal.

• Crypto exchange Gemini has officially launched its Australian operation.
• The move is a bid to tap into the country’s growing demand for crypto.
• Australia’s crypto adoption rate has risen to 31 percent as of early 2025.

Fresh off a triumphant public debut on the Nasdaq, the cryptocurrency exchange Gemini is embarking on the next chapter of its global expansion, planting its flag firmly in the fertile and rapidly growing market of Australia.

The move, which will see the firm led by the billionaire twins Tyler and Cameron Winklevoss offer its full suite of digital currency services locally, is a powerful bet on the nation’s burgeoning appetite for digital assets.

A new frontier, a local focus

The new operation, officially named Gemini Intergalactic Australia, marks a significant strategic shift for the company.

While Australian customers were previously able to use Gemini’s platform, they were serviced through the firm’s global arm.

Now, with a formal registration with the Australian Transaction Reports and Analysis Centre (AUSTRAC) as a digital currency provider, the company is establishing a dedicated and localized presence.

This is a move driven by clear and compelling market data.

According to a report from the Australian Independent Reserve Cryptocurrency Index, the crypto adoption rate in the country has surged to 31 percent as of early this year, a clear sign of a crypto-savvy population that represents a major market opportunity.

The power of a local presence

For Gemini, the decision to build a local operation is about more than just capturing market share; it’s about building a tailored and optimized experience for Australian users.

The company has already seen promising growth from the region, particularly from its institutional clients.

“We think that there’s enough market opportunity for us to build a local platform,” Saad Ahmed, head of APAC at Gemini, told Reuters on the sidelines of the TOKEN2049 crypto conference.

We have some institutional customers from Australia, and I think that is another area where we’ve seen some growth. So having a team on the ground, building a business which is localised, which is optimised for Australian users… makes sense for us.

The launch is the latest major milestone for the New York City-based company, which successfully raised 425 million dollars in an initial public offering last month.

For the Winklevoss twins’ crypto empire, the move down under is a clear and powerful signal that the era of global expansion has just begun.

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• Polygon price eyes gains as the community cheers the Rio upgrade going live on the mainnet.
• Rio introduces stateless validation, reducing node storage needs and enabling broader participation.
• The upgrade also mitigates the risk of chain reorganizations with near-instant finality.

Polygon price rose as the Rio hardfork, a major upgrade aimed at redefining global payments on decentralized networks, went live on the mainnet.

 The Polygon Labs team announced the milestone on October 8, 2025, noting in a blog post that the upgrade is the network’s biggest ever.

Speed, near-instant finality, and lightweight nodes are key features that will go live amid the Rio upgrade, which could see Polygon play a major role in web3 payments and real-world asset markets. 

According to the team, Rio empowers developers, enterprises, and users to build and deploy payment solutions with confidence.

Polygon co-founder and CEO of Polygon Foundation Sandeep Nailwal commented via X:

BIG Shipping Announcement!

This is a pivotal moment in the history of Polygon.

The Rio upgrade, a payments-focused network rehaul, is live on Polygon PoS mainnet.

– Near instant finality
– Eliminates Reorgs from Polygon POS, single biggest devX and UX complaint is now… pic.twitter.com/mTXtkPjKoe

— Sandeep | CEO, Polygon Foundation (※,※) (@sandeepnailwal) October 8, 2025

Rio upgrade: what else to know

At the centre of the Rio upgrade lies a suite of meticulously engineered improvements encapsulated in three Polygon Improvement Proposals.

PIP-64 introduces the Validator-Elected Block Producer (VEBloP) model. 

This is a novel architecture where validators collaboratively select a limited pool of block producers to handle extended production cycles.

The aim is to eliminate the inefficiencies of simultaneous block creation by multiple validators, which is key to network throughput.

Complementing VEBloP, PIP-65 refines the economic incentives by redistributing transaction fees and maximum extractable value.

This ensures that even participants operating modest hardware can reap proportional rewards, fostering a more inclusive validator ecosystem. 

On the other hand,PIP-72 pioneers witness-based stateless validation, a groundbreaking feature that allows nodes to verify blocks using compact cryptographic proofs rather than maintaining exhaustive state data. 

These enhancements deliver near-instant finality, where blocks are treated as immutable upon validation.

It’s an update that mitigates the risks of transaction reversals or reorganisations that can significantly impact a network. 

With changes to underlying block production and validation, it’s now easier and lower-cost than ever to participate in the network.

Rio enables 5k TPS on the network and makes nodes lightweight, slashing the cost of compute.

By removing the risk of reorgs, Rio provides a step function improvement in the reliability of finality. 

What does this mean for POL?

POL, formerly MATIC, is Polygon’s native token.

Its value has recently fluctuated largely lower since hitting highs of $0.71 in December 2024.

However, bulls have ticked up by about 5% in the past week and POL traded 3% up in the past 24 hours with its price near $0.24.

In terms of what the Rio upgrade means for the ecosystem, the potential impact extends beyond technical prowess.

Polygon now encompasses a network that is for both builders and end-users.

Developers now face significantly reduced barriers to entry, with lightweight nodes requiring minimal compute and storage resources.

That means better integration experiences for agentic payment systems among others.

Beyond NFTs, there’s a rapidly expanding market across real-world assets and cross-border payments.

Rio not only elevates Polygon but also accelerates the mainstream adoption of web3 payments.

Polygon token’s price could ride tailwinds around these developments as bulls target gains.

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