Grayscale Launches Pyth Trust to Offer Exposure to Solana’s Leading Oracle Network

Daily Top Performer — Litecoin (LTC)

The S&P 500 rose 0.24% to a new record high, with eight of 11 sectors gaining, led by energy, materials, and utilities. Gold nears record highs at $2,930, driven by peace talks and low inflation, with bullish momentum and resistance at $2,942.75. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 1.31%, with Bitcoin and Ether dropping by 1.93% and 4.50%, respectively in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this link.

Today’s top performer is LTC, which surged nearly 5.6% following the announcement of Harvin Singh from Kakr Labs as a speaker at Litecoin Summit 2025.

Litecoin (LTC), launched in 2011, is a fast, low-cost cryptocurrency forked from Bitcoin, using Scrypt-based proof-of-work for secure, scalable transactions. The Litecoin Foundation announced that Harvin Singh from Kakr Labs will speak at the Litecoin Summit 2025 in Las Vegas. Singh expressed excitement about sharing insights on blockchain advancements with Kakr Labs and LiaaS.

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Talk of the Town

Grayscale Investments has launched the Grayscale Pyth Trust, offering accredited investors exposure to PYTH, the governance token of the Pyth network. Pyth provides real-time data feeds and plays a key role in the Solana ecosystem, with 95% of Solana dApps relying on its price feeds. The trust operates similarly to Grayscale’s other single-asset investment trusts and is now open for daily subscription. However, investments are speculative, illiquid, and subject to high risk.

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Bitcoin Spot ETF Flows

Yesterday, BTC Spot ETFs saw a $129.1M outflow, entirely from non-GBTC funds, while GBTC remained unchanged.

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Airdrop to Watch

Caldera has announced its $ERA token with a retroactive airdrop on the way, but the official launch won’t happen until later this year. Those who have interacted with Caldera may have a strong chance of qualifying. Stay tuned for updates on tokenomics and distribution.