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After experiencing a sharp downturn earlier this month amid broader market turbulence, Litecoin (LTC) has rebounded strongly. The cryptocurrency has climbed nearly 10% in a day, trading at $119 at press time, as growing speculation over a potential exchange-traded fund (ETF) drives renewed investor interest. With regulatory momentum growing, analysts and traders are closely watching Litecoin’s next move as anticipation builds around its potential for further gains. Litecoin one-day price chart. Source: Finbold ChatGPT sets Litecoin price for Q1 2025 To assess Litecoin’s potential in early 2025, Finbold analyzed market data and consulted OpenAI’s advanced ChatGPT-4o model for insights. Picks for you Will gold finally hit $3,000 this week? 59 mins ago ...

The Australian treasury has released a consultation paper proposing a new regulatory framework for crypto currency exchanges. The new legal framework will require crypto currency companies to apply for a financial services license. The primary purpose of the new regulatory framework will be to protect investors without harming the growth of the crypto currency ecosystem in Australia. The consultation paper explained that the country would regulate cryptocurrency players under pre-existing financial services laws. Cryptocurrency exchanges that hold over $3.2 million, or more than $946 per individual, must now register with the Australian Securities and Investment Commission (ASIC) and obtain an operating license. You might also like: Mastercard explores CBDC use in Australia Australia’s crypto stance The Australian government has taken several legislative actions to support the mainstream adoption of crypto currencies. For example, the Australian treasurer...

Dean Skurka stated that although regulations have increased costs, they have also led to greater interest in crypto from institutions. Canadian financial institutions are increasingly taking an interest in crypto as regulatory clarity emerges in the country, according to WonderFi CEO Dean Skurka, who met up with Cointelegraph at the Blockchain Futurist Conference in Toronto. Skurka claimed that his exchange had seen an uptick in trading by institutions as opposed to retail investors. “What we have seen in the first half of this year is growth in our OTC institutional segment,” he stated, referring to over-the-counter trades. “These institutional investors, more sophisticated investors, are [more] immune to sentiment and trends in the market, and they’re more fundamental in their investment approaches. [...] We’re starting to see, [...] through clear regulation, that the segment of our client base is shifting quite a bit.” Cointelegraph’s Sam Bourgi (left) and WonderFi CEO Dean Sk...