bitgo

Litecoin (LTC) is up 16.4% to $117 after Canary Capital filed an amended S-1 registration statement for the Litecoin ETF with the SEC.

The statement includes an updated custody agreement between Coinbase Custody Trust and #Bitgo . Analysts believe the amendments point to SEC involvement, but caution that the approval process is still in its early stages.
#Litecoin (LTC) recently suffered from the approval of the Litecoin #ETF , which Price has risen significantly due to growing optimism around the opportunity. Canary Capital's recent amended registration statement on Form S-1 filed with the U. S. Securities and Exchange Commission has caused the cryptocurrency market to rebound, and the value of #LTC has risen significantly.
January 15, 2025, Canary Capital filed an amended registration statement on Form S-1 for the proposed Litecoin ETF. A registration statement on Form -1 was filed. The amendment is seen as an important step toward obtaining approval from the SEC.
The amendment includes an update to the custody agreement between Coinbase Custody Trust and BitGo, stating that the custody agreement meets SEC standards. While the amendment itself does not guarantee approval, it indicates that the SEC is actively reviewing the proposal.
news of the amendment filing had an immediate impact on the price of Litecoin. After the announcement, LTC rose by 16.4% to reach $117. This price jump reflects the market's optimism about the likelihood of ETF approval and positive sentiment about Litecoin's future. He noted that the SEC's feedback on Form S-1 supports the possibility of Litecoin becoming the next cryptocurrency to get ETF approval. However, both analysts cautioned that the approval process is still in its early stages and a formal 19b-4 filing is required for a formal SEC decision.
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Binance's support for the Kava EVM and native USDT integration is a major milestone, enhancing Kava's ecosystem and liquidity. This partnership strengthens Kava’s position as a key player in the DeFi space.
Key Benefits:
Why Binance Supports Kava EVM and USDT Integration:Binance's support enables seamless onboarding to the Kava ecosystem, leveraging its massive user base. The integration of USDT, the largest stablecoin, provides a stable value anchor, crucial for trading and DeFi activities.Benefits for Kava’s Ecosystem:The integration increases liquidity, particularly through the addition of USDT and WBTC. It offers Kava users access to a wider range of digital assets and trading options.WBTC's Role in Liquidity:WBTC, with over $6.5B in liquidity, bridges Bitcoin with the Ethereum DeFi ecosystem. Its inclusion in Kava enhances liquidity and trading options, providing users with secure and efficient access to Bitcoin's value.BitGo's Contribution:BitGo, the custodian for WBTC, ensures high security standards. It adheres to ERC-20 standards, facilitating smooth transactions and boosting user confidence in using WBTC on Kava.Future Expectations:This integration is expected to drive further adoption of Kava-native products, enhance liquidity, and strengthen the overall DeFi ecosystem. The collaboration promises a virtuous cycle of growth, benefiting both Binance and Kava users.
Conclusion: The Kava EVM and Binance integration sets a new standard in cross-chain interoperability and liquidity provision, marking a pivotal moment in the evolution of DeFi.
#KAVA $KAVA #BitGO #WBTC #EVM

BitGo, the leading cryptocurrency custody and settlement company in the US, is considering an initial public offering (IPO) in the second half of 2025. The move comes as the US government is taking more open steps towards crypto regulation, creating great opportunities for companies in this field to expand their operations.
Strategic Moves in Favorable Context
#BitGo is currently in discussions with investment banks to prepare for an IPO, although no final decisions have been made. If successful, it would be one of the largest IPOs in the cryptocurrency space, putting BitGo in direct competition with Coinbase and traditional financial firms such as Fidelity Digital Assets and Fireblocks.

Crypto.com has launched a cryptocurrency custody service for institutional investors in the United States as part of a broader plan to expand its presence in the country, the cryptocurrency exchange said Dec. 23

"Crypto. com Custody Trust An authorized trust named "Crypto. com Custody Trust Company" is authorized to hold the assets of U. S. institutional investors and high net worth individuals, Crypto. com said in a statement.
Crypto. com CEO Chris Marszalek said in a statement that "this move reflects our confidence in the North American market.
It also furthers Crypto. com's plan to "grow our business and presence in two of the most important and active #cryptocurrency markets in the world - the U. S. and Canada, Marszalek said. BREAK In December, U. S. President-elect Donald Trump met with Marshalek at Trump's Mar-a-Lago home to discuss cryptocurrency policy.
The same day Crypto. com withdrew its lawsuit against the U. S. Securities and Exchange Commission (SEC), saying it "will . and has expressed a willingness to work with the incoming administration on a framework.
President Trump has said he wants the U. S. to become the "cryptocurrency capital of the world" and has nominated industry-backed leaders to head key regulatory agencies when his presidency begins in January.
Crypto. com is headquartered in Singapore and began operating in the U. S. in 2022, initially only for institutional investors. The company suspended services in the country in 2023, but has since changed course.
In October, Crypto. com acquired SEC-registered broker-dealer Watchdog Capital to expand its U. S. presence.
In the U. S. , the number of digital asset custodians is growing: in September, U. S. cryptocustodian #BitGo launched a regulated platform for storing and managing native #Web3 protocol tokens; In August, CoinTelegraph reported that Fireblocks, a company known for its financial management products, received permission from the New York financial regulator to store assets of U. S. clients.
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#FinTechInnovations #BlockchainFuture

Public offering of shares (IPO) will help to "ensure confidence in digital assets". This was stated by BitGo CEO Mike Belshe, writes Cointelegraph.
In his opinion, the components are due diligence, related processes and supervision of the U.S. Securities and Exchange Commission.
CEO Bitgo welcomed the latest changes in the leadership of the SEC and CFTC. He added that political steps may take time, "but they are ready for big changes".
Belshe reminded that in the case of FTX, interaction with Wall Street was unsuccessful. On February 18, the bankrupt exchange announced the next round of payments to creditors.
The top manager hinted at the possibility of the company gaining public status at the end of this year, but did not specify the terms.
Recall that in February, Bloomberg sources reported on the consideration of IPO by Gemini and Bullish Global platforms.#CryptoLovePoems #Squar2earn #Write2Earn #BitGo #MileiMemeCoinControversy $USDC

Singapore is stepping up efforts to become a leader in digital assets in 2024, while Hong Kong is struggling in the race to attract cryptocurrencies, reports

Bloomberg, Singapore has issued 13 #cryptocurrency licenses to various businesses in 2024. These include large companies such as OKX and Upbit, as well as global companies such as Anchorage, #BitGo and GSR. This is a significant spike, more than double the number of licenses issued in the previous year. Hong Kong, on the other hand, has been slow to develop a similar licensing program,
Both cities are trying to attract digital asset companies by offering favorable terms, #tokenization initiatives and regulatory sandboxes. Authorities in both cities see #cryptocurrencies as a way to cement their status as global business centers. However, progress has been uneven, and Angela Ang, senior policy advisor at TRM Labs, explains that Hong Kong's regulations are stricter in areas such as custody of client assets and tokenization policies, which may have helped attract Singapore.
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#DigitalCurrency

Galaxy Digital has reached a $200 million settlement with the New York Attorney General (NYAG) over allegations related to the collapse of Terra LUNA. However, the agreement has sparked controversy, with BitGo CEO Mike Belshe openly criticizing the firm’s actions, calling them “not ethical.”
Mike Belshe Condemns Galaxy Digital’s Practices
Belshe, known for advocating deregulation in crypto, expressed surprise at the allegations outlined by the NYAG. In response to a post by Anthony Scaramucci on X, Belshe accused Galaxy Digital of engaging in pump-and-dump tactics, specifically:
Offloading vested tokens while publicly encouraging investors to hold (HODL).Engaging in misleading promotional strategies that could harm market integrity.
Despite his critique, Belshe acknowledged his respect for Galaxy Digital’s CEO, Mike Novogratz, and his contributions to the crypto industry. However, he emphasized that such practices could lead to “overregulation”, which the industry has been striving to avoid.
Call for Principles-Based Regulation
Belshe suggested that crypto regulations should follow principle-based guidelines, ensuring that companies adhere to ethical standards. He outlined:
Transparency in asset promotion—firms should not mislead investors about their holdings.No deceptive selling tactics—companies must disclose when they are selling assets they are promoting.
Crypto Regulation Under Trump vs. Biden
Belshe’s comments also touched on the changing regulatory landscape in the U.S.
Under the Biden administration, major crypto firms, including Ripple (XRP), Coinbase, Kraken, and Consensys, faced aggressive legal action from the SEC.Under Trump’s influence, the regulatory stance appears to be shifting, with Paul Atkins, a nominee for SEC Chair, pledging a rational and coherent approach to crypto oversight.
This shift suggests that future regulations could be more industry-friendly, potentially reducing legal battles and encouraging innovation.
The post appeared first on CryptosNewss.com
#BitGo $BTC