Bloomberg analysts predict that Litecoin and Hedera ETFs will launch before those for Solana and XRP, citing fewer regulatory hurdles. However, market demand for these ETFs remains uncertain, with limited issuer interest compared to the multiple filings for XRP and Solana. Regulatory challenges, particularly for Solana and XRP due to ongoing legal issues, may further delay their approval. Litecoin is currently trading at $122.41, having increased by 4.95% in the past day and 10.69% over the past week.
Bitcoin's price is on the rise, driven by increasing demand in the spot market as long-term investors step in, while speculative activity in the futures market cools. This shift suggests a more sustainable buying pressure, potentially stabilizing the market and supporting long-term growth. The funding rate remains balanced, indicating that price movements are not solely influenced by leveraged positions, reducing the risk of sudden reversals.
Vishal Mega Mart made a remarkable debut on the NSE, listing at a 33.33% premium over its IPO price of Rs 78, opening at Rs 104 and later reaching Rs 111.19, marking a 42% increase. The Rs 8,000-crore IPO was oversubscribed over 27 times, with significant backing from major anchor investors.
Viva Leisure is expanding into international markets, focusing on its Plus Fitness brand and acquiring a 25% stake in World Gym, positioning itself as Australia's second-largest gym operator. However, the company faces challenges in a saturated industry, with stagnant share prices and financial concerns amid economic pressures affecting consumer spending on gym memberships. Despite an attractive valuation and projected growth for 2025 and 2026, investors are advised to adopt a cautious approach while monitoring earnings growth.
IG
Bitcoin (BTC) has seen a slight decline, indicating a potential short-term correction, with Ethereum (ETH) and Ripple (XRP) following suit. XRP is up 3% after significant profit-taking post-RLUSD launch, struggling near the $2.58 resistance level. Meanwhile, ETH is down 3%, with predictions suggesting that RWA tokenization could enhance its appeal by 2025.
The meme coin market is thriving, with new contenders like BTFD Coin, Shiba Inu, Osaka Protocol, COQ Inu, and Peanut the Squirrel capturing investor interest. BTFD Coin leads with a booming presale and innovative features, while established players like Shiba Inu continue to evolve with community-driven initiatives. As the landscape shifts, these coins present opportunities for high-risk, high-reward investments.
Binance Coin (BNB) serves as a utility token within the Binance ecosystem, offering trading fee discounts and a deflationary token burn mechanism that enhances its value. As BNB gains traction for payments in various sectors, emerging projects like Lightchain AI are integrating AI with blockchain, presenting new investment opportunities. This evolution highlights the growing intersection of technology and finance, positioning both BNB and innovative platforms for potential long-term growth.
Bitcoin's price slightly declined after reaching an all-time high of $108,353, indicating potential short-term correction. Ethereum also faced resistance around $4,000, while Ripple showed indecisiveness after a rally, trading down around $2.53. Market indicators suggest a cautious outlook for these cryptocurrencies.
XRP price has surged above $2.50, currently consolidating gains with support at $2.53. A breakout above the $2.620 resistance could propel it towards $2.80, while dips may find support near $2.520 and $2.440. The bullish trend remains intact as technical indicators show positive momentum.
Pressure is mounting on SEC Chairman Gary Gensler to release an inspector general report regarding former chairman Jay Clayton, amid allegations of ethics violations by William Hinman. A recent letter highlights concerns over the SEC's inconsistent treatment of XRP and Ethereum, with legal experts demanding transparency. SEC Commissioner Joseph Grundfest criticized the lack of distinction between the two cryptocurrencies, questioning the fairness of the SEC's actions against XRP while Ether remains unscathed.
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