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Here’s some more information about the tokens:

Cardano (ADA) is a research-driven cryptocurrency. Cardano is the first proof-of-stake blockchain platform to be founded on peer-reviewed research. It’s powered by Ouroboros, a protocol that its proponents claim has improved upon security, scalability and energy efficiency versus other proof-of-work predecessors, like Bitcoin. ADA is the native token of Cardano and can be staked to earn rewards.

Chainlink (LINK) is a decentralized oracle that provides external data to smart contracts. Using reputation and validation systems to reward honest behavior among tamper-proof oracles, the Chainlink network connects smart contracts to real world data, events and payments. The cryptocurrency that powers the network is LINK, an ERC-20 token that incentivizes oracles – third party blockchain data sources – to maintain service level agreement (SLA) standards.

Avalanche (AVAX) is a system that serves as a foundation for a new wave of decentralized applications (or dApps). Consisting of three interoperable blockchains, it aims to deliver high throughput without sacrificing scalability.

Sui Network (SUI) is a scalable, low-latency smart contract platform powered by a permissionless set of validators. Sui Network allows transactions to be processed in parallel thanks to its unique data model and approach to consensus. The SUI token allows network users to pay gas fees, while also helping to ensure smooth transaction execution and reliable storage of operations on the network.

Litecoin (LTC) is a BTC fork with faster transaction confirmations. Litecoin (LTC) was released in 2011 as a fork of Bitcoin with the primary difference being a decreased block processing time, 2.5 minutes as opposed to Bitcoin’s 10 minutes, allowing for faster confirmation of transactions. Litecoin also features improved storage efficiency and a slightly different proof-of-work mining mechanism than Bitcoin.

Before you start, what you should know:

In order to trade using margin, you will need to hold at least one collateral currency.

The availability of margin trading services is subject to certain limitations and eligibility criteria.

Margin trading incurs additional fees for opening, closing and holding a position. Learn more about the different rates and fees.

Trade with caution

There is no guarantee that a limit order will execute. There is no guarantee of margin pool availability at all times. There is also no guarantee of a market order executing at a certain price. The availability and liquidity of the particular digital asset will impact these types of orders.

Ready to trade but don’t have a Kraken account yet? Sign up today!

Ripple’s XRP token has once again been dragged into crypto’s ongoing tribal battles after being ridiculed as “unwanted” by the Litecoin (LTC) official X account.

The jab triggered a storm of reactions, with traders, analysts, and community members pushing back, pointing to XRP’s top-three position in global market cap rankings as evidence that there’s still lots of love for it.

Community Clash Rekindles Old Divides

The exchange began when the Litecoin account shared a tongue-in-cheek post declaring XRP “weighed and found unwanted.” The quip, complete with a gavel emoji, was criticized even by some LTC supporters. “You win by promoting yourself, not attacking others,” one user wrote, while others called the stunt “cringe.”

Analyst CrediBULL Crypto also weighed in, dismissing the argument as “unwanted,” “silly and nonsensical.” He further stated:

“If the prevailing attitude towards $XRP was that it is a ‘scam’ or ‘useless’ or ‘unwanted’ it wouldn’t still be the 3rd largest crypto in existence.”

The expert argued that market participants usually vote with their dollars, noting the Ripple token’s $168.4 billion market cap utterly dwarfs LTC’s $8.6 billion. This vast difference in scale was not lost on other commentators either, with one user, Phil, posting, “170.54B Mc $XRP vs 8.60B $LTC Mc… We’re done.”

The episode highlights a long-running fault line in crypto. Last month, attorney John Deaton claimed that XRP was “the most hated by institutions, most loved by retail,” with critics arguing that its pre-mined supply and governance structure make it overly centralized. However, supporters insist the skepticism is rooted in rivalry from Bitcoin and Ethereum advocates.

Litecoin’s diss also arrives as the project celebrates its own milestones. As of July, the network had processed over 300 million transactions in 2025, seen a record hashrate of 2.7 PH/s, and secured new integrations across PayPal, Venmo, and Telegram Wallet. Institutional interest is also growing, with ETF applications pending in the U.S.

Market Reality

Despite LTC’s strong fundamentals, XRP remains the more valuable asset by a wide margin. At the time of this writing, XRP was trading at $2.83, down 5.6% over the past week and underperforming the broader market’s 1.6% decline.

Still, its nearly $170 billion capitalization makes it the third-largest cryptocurrency globally, with only BTC and ETH ahead. Technical analysts see potential for further gains, with traders such as CRYPTOWZRD projecting a move toward $4.50 if current support at $2.47 holds.

Meanwhile, Litecoin is currently changing hands at $111.27 after slipping 1.9% in the last seven days, placing it at #28 by market cap. It has gained nearly 70% over the past year but remains more than 70% below its 2021 all-time high of $410.

As anticipation builds across the crypto market over which altcoin exchange-traded funds (ETFs) will receive a go-ahead from the U.S. Securities and Exchange Commission (SEC), Bloomberg analyst James Seyffart has raised the odds for it happening.

According to his latest forecast, the chances for Solana (SOL) and Litecoin (LTC) spot ETFs being greenlighted stand at 90%.

Approval Odds

The analyst shared the updated forecasts in a June 10 X post. XRP is not far behind with 85% odds, followed by Dogecoin (DOGE) at 80%. Other tokens, such as Cardano (ADA), Polkadot (DOT), Hedera (HBAR), and Avalanche (AVAX), are each sitting at 75%.

The SEC has been actively reviewing proposals for spot Solana ETFs. According to a report from Blockworks, the agency has reportedly asked issuers to submit updated S1 registration forms next week with plans to review and comment on the filings within 30 days.

Sources cited also said it requested that they clarify how they would handle staking and in-kind redemptions. These updates suggest that the SEC is now more open to allowing staking as part of a Solana ETF structure. One source estimated that these changes could speed up the process, possibly putting the investment vehicles on track for approval within the next three to five weeks.

Several major firms are in the race to launch a Solana ETF, including Grayscale, VanEck, 21Shares, Canary Capital, Bitwise, and Franklin Templeton.

Seyffart mentioned in a note that the financial watchdog may begin reviewing their 19b4 filings sooner than expected, especially those involving staking. He added that issuers have likely been working closely with the SEC and its crypto task force to fine-tune the details.

Expert Says Delays Are Normal

The regulator had formally acknowledged Grayscale’s Solana ETF proposal in February. However, it later delayed its decision in May, citing unresolved issues. More recently, the agency also postponed decisions on proposals from Bitwise and 21Shares. This was due to the need for more time to examine technical, legal, and investor-protection aspects.

Commenting on this trend, the Bloomberg analyst said that such delays are expected in the approval process. He explained that if the SEC were to greenlight any altcoin ETFs early, it would not happen before late June or early July. According to him, a more realistic timeline would be sometime in the fourth quarter of 2025.

While the U.S market waits, other countries are setting the pace. In August 2024, Brazil moved ahead with its first spot Solana ETF offered by QR Asset, with a similar product from Hashdex following shortly after.

Bitcoin (BTC) clawed its way back to nearly $82,000, staging a relief rally after dipping below $78,000 late Sunday, leading to a slight run-up in major tokens.

Ether (ETH), BNB Chain’s BNB, XRP and Cardano’s ADA rose as much as 3%, alleviating some losses from the past 7 days. The broad-based CoinDesk 20 (CD20) added nearly 4%.

Elsewhere, the U.S. Securities and Exchange Commission (SEC) delaying decisions on XRP, Dogecoin, and Litecoin filings. Bloomberg analysts had previously pegged Litecoin’s odds at 90%, Doge at 75%, and XRP at 65% for an ETF approval by year-end, yet the regulator’s hesitation is keeping the market on edge.

Traders still eye a pullback to the $74,000 level, and below, before an eventual push higher.

“Previously, a similar decline would complete a corrective pullback, attracting buyers,” Alex Kuptsikevich, FxPro chief market analyst, told CoinDesk in an email.

“However, the chances of such an outcome are now lower than in previous years due to the powerful influence of traditional financial companies, which has strengthened the link between the crypto market and stock dynamics.The scenario of a pullback to the $70-$74K area still looks the most probable for us. This is all the truer as the consolidation and rebound in early March has taken the short-term oversold stance out of the market,” Kuptsikevich added.

Gains in BTC came as Senator Cynthia Lummis reintroduced the BITCOIN Act, pushing for the U.S. to scoop up 1 million BTC as a strategic reserve. The bill, which Lummis first introduced last year, would direct the government to purchase 1 million bitcoins over five years.

The first $6 billion in remittances from reserve banks would be set aside each year between 2025 and 2029 to build up the reserve and rely on the Fed’s gold certificates.

Some speculated the possible inclusion of major tokens in such a reserve in the future.

“Altcoins such as XRP, SOL, and ADA pumped higher than expected as pro-crypto Senator Lummis reintroduced her strategic Bitcoin reserve bill to purchase 1 million Bitcoins, and there’s speculation that previously announced altcoins will later be included in the reserve purchases,” Nick Ruck, director at LVRG Research, told CoinDesk in a Telegram message.

Below is more information about the token:

Solana (SOL) is a blockchain platform aimed at improving user scalability. Solana is a blockchain platform aimed at improving user scalability through faster transaction payment times and flexible infrastructure. Sol Cryptocurrency plays a key role in maintaining and operating the Solana ecosystem and is used to execute smart contracts, send transactions, and incentivize actors to support the network.

XRP (XRP) is a digital asset built for payments. XRP ledger, open source, decentralized blockchain technology that is not permitted. Created exclusively for payments in 2012, XRP can resolve ledger transactions in 3-5 seconds. Ripple is a company that exists independent of XRP. Ripple is one of many players who utilized XRP in its products and built on the XRP ledger.

Cardano (ADA) is a research-driven cryptocurrency. Cardano is the first Shoof-of Stake blockchain platform based on peer-reviewed research. It is driven by Ouroboros, a protocol that its supporters have improved security, scalability and energy efficiency over its other work predecessors like Bitcoin. ADA is Cardano’s native token and you can bet on your reward.

Dogecoin (Doge) is a decentralized, peer-to-peer cryptocurrency that uses “Doge” memes as mascots. Dogecoin (Doge) is a peer-to-peer cryptocurrency widely used to lean content creators across a variety of social media platforms. Dogecoin features a portrait of Shiba Inu Dog, popularized in the “Doge” meme, and was first introduced in 2013 as a marketing experiment. Lots of amazing. Doge is pleased.

Litecoin (LTC) is a BTC fork that allows for fast transaction checking. Litecoin (LTC) was released in 2011 as a Bitcoin fork. The main difference is the 2.5 minute block processing time reduction in Bitcoin, rather than 10 minutes, allowing you to quickly check transaction confirmations. Litecoin also features improved storage efficiency and a slightly different proof of work mining mechanism than Bitcoin.

ChainLink is a distributed Oracle that provides external data to smart contracts. Using reputation and verification systems, the ChainLink network connects smart contracts to real-world data, events, and payments to reward honest actions between tamper-proof oracles. The cryptocurrency that runs a network is a link. This is an ERC-20 token that incentivizes Oracle (third-party blockchain data source) to maintain Service Level Agreement (SLA) standards.

Polkadot (DOT) is a blockchain network designed to facilitate quick transaction verification. Polkadot is a blockchain that seeks to connect the blockchain ecosystem, and introduces many new technological features towards this goal. The Polkadot network consists of two types of blockchains. In a main chain called a relay chain, all transactions are permanently agreed and user-generated chains (called parachines).

Before you begin, what you need to know:

To trade using margins, you must hold at least one collateral currency.

The availability of margin trading services is subject to certain restrictions and eligibility criteria.

Margin trading involves an additional fee to open, close and hold positions. Find out more about the various pricing and rates.

Does Kraken offer more pairs in margins?

yes! However, our policy is to never reveal any details before launching. All listed margin pairs of Kraken are available on our website. Client engagement specialists are unable to answer questions about which pairs they list in the future.

I’ll trade with caution

There is no guarantee that the restriction order will be implemented. There is no guarantee of margin pool availability at all times. There is also no guarantee for market orders executed at a specific price. The availability and liquidity of a particular digital asset affects these types of orders.

Ready to trade, but don’t have a Kraken account yet? Sign up today!