Litecoin Surges 10%; Will $100M Bet by Nasdaq-Listed Company Fuel a Larger Rally?

Description

Litecoin (LTC) jumped 10% on Wednesday, extending its July rally, as a little-known biotech firm unveiled plans to raise $100 million through a private stock sale to fund a new litecoin-focused treasury strategy. The move came as part of a broader altcoin rally fueled by the House passage of the GENIUS Act, which aims to expand blockchain innovation incentives and is expected to be signed into law by President Trump at a White House ceremony Friday at 2:30 p.m. ET. Traders are also anticipating ...