Litecoin Price Soars 11% After CFTC Calls It a Commodity Alongside Bitcoin and Ether

2024/03/29 21:16

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Litecoin Gains Nearly 11% in 24 Hours, Second Only to WIF The most significant non-technical event that led to Litecoin's spike was a recent statement from the U.S. Commodity Futures Trading Commission (CFTC). In a lawsuit against cryptocurrency exchange KuCoin, the CFTC declared Litecoin a commodity. This declaration is crucial because it places Litecoin outside the jurisdiction of the SEC, which regulates securities and imposes stricter liability on token issuers.

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The international benchmark Brent crude oil futures price has increased by 5% during the day, currently quoted at $95.02 per barrel. As one of the key global benchmarks for oil pricing, sharp fluctuations in Brent prices often have a chain effect on refined oil pricing, the cost of chemical industry supply chains, and global inflation expectations.

智通财经•2026/09/01 18:51

The price of WTI crude oil futures for October delivery rose by $4.46, an increase of 5.20%, closing at $90.22 per barrel. Crude oil futures of Murban from Abu Dhabi in the Middle East saw an even higher increase of 7.30%, closing at $105.64 per barrel. NYMEX natural gas futures for October delivery settled at $2.9040 per million British thermal units. At the same time, NYMEX gasoline futures for October closed at $3.1351 per gallon, while heating oil futures for October closed at $4.6773 per g

智通财经•2026/09/01 18:46