Litecoin Rallies 20% on ETF Hopes

GM Defiers!

Crypto markets rallied after Donald Trump was sworn in as the 47th President of the United States, with Bitcoin soaring to $107,000. Meanwhile, Litecoin is up 20% over the past week on ETF hopes.

A crypto developer is suing the DoJ to have his protocol declared legal before launching it, and a Bitget survey shows that Gen Z and Alpha are more open to crypto pensions.

✍️ In today’s newsletter:

LTC rallies on ETF speculation
Babylon drives surging Bitcoin DeFi TVL
Crypto developer preemptively sues DoJ
Younger generations favor crypto pensions: Bitget

📈 Markets in the last 24 hrs:

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🚀Litecoin Surges on ETF Speculation

Litecoin’s LTC is rallying after Canary Capital took an important step toward creating an exchange-traded fund (ETF) for the digital asset. LTC has jumped 20% since news leaked that the firm might be close to filing a form 19b-4, starting the clock on the SEC’s decision on the ETF.

📈Bitcoin DeFi TVL Doubles in a Month Fueled by Babylon Staking Platform

The Bitcoin decentralized finance (BTCFi) ecosystem exploded last month, with its TVL more than doubling to $7.5 billion. The growth was driven by the Bitcoin staking protocol Babylon opening up its third round of deposits from Dec. 10 to Dec. 17. $3.8 billion of the $4 billion added to BTCFi TVL that week came from Babylon.

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Web3 is often fragmented, with users struggling to manage multiple blockchains, wallets, and bridges. Okto is addressing this by adopting ERC-7683, a proposed Ethereum standard that simplifies cross-chain interactions. Instead of dealing with complex processes, users can express their goals—like swapping tokens—in a single message. Specialized "fillers" then handle the technical details, executing these tasks across chains. This reduces confusion, lowers costs, and improves efficiency. Okto is integrating ERC-7683 into its platform to create a more unified and decentralized Web3. Although still in draft status, ERC-7683 has gained support from major protocols like Across Protocol, Uniswap Labs, and Polygon Labs, aiming to make cross-chain transactions as seamless as browsing the internet.

🧑‍⚖️Crypto Developer Sues DoJ to Have Software Declared Legal

Crypto developer Michael Lewellen is suing the federal government to preemptively prevent it from deeming his upcoming crowdfunding protocol illegal.

📃Bitget Research Claims 20% of Gen Z and Alpha are Open to Crypto-based Pensions

According to the research division of cryptocurrency exchange Bitget, 20% of Generation Z and Alpha are more willing to receive their pensions in cryptocurrency and prefer crypto for their retirement plans over alternatives such as real estate, private retirement plans, and savings accounts.

🌍 ELSEWHERE

Bitcoin No Longer a Niche Investment as Institutional Adoption Takes Off: WisdomTree (Coindesk)
MicroStrategy Buys $1.1 Billion of Bitcoin Before Share Vote (Bloomberg)
Wall Street regulator forms cryptocurrency task force (Reuters)