Lighter’s Rally Is Back! Regulation Clarity Driving Rotation? 🔥
Bankless co-founder David Hoffman just tweeted that *Lighter’s rally is back!*
He made this comment during Lighter's Q3 investor call live stream on its regulatory efforts.
The Update:
Lighter is applying for CFTC DCM (Designated Contract Market) + DCO (Derivatives Clearing Org) licenses.
CEO Vladimir Novakovski mentioned that initial talks with CFTC have been quite positive and the agency acts fast, but the actual timeline will depend on CFTC’s queue – might be within the 180-day review period.
Why Does It Matter:
Once approved, Lighter will be one of the few compliance-focused on-chain perpetuals platforms in the US – very important for institutional DeFi.
Smart Money Move?
As Odaily previously noted, Hoffman has sold ETH and rotated into $LIT, $ZEC, $NEAR – and all of them outperformed ETH significantly this week.
ETH is down ∼5.1% while his picks are in double-digit green.
Narrative:
Compliance = Pump?
Market rewards those who comply with regulations. $LIT , $ZEC (NU7 upgrade), and $NEAR (Intents + Chain abstraction) are ahead of the pack.
Are you following the rotation or are you still holding ETH?
#Lıt #zec #Near #ETH
Bankless co-founder David Hoffman just tweeted that *Lighter’s rally is back!*
He made this comment during Lighter's Q3 investor call live stream on its regulatory efforts.
The Update:
Lighter is applying for CFTC DCM (Designated Contract Market) + DCO (Derivatives Clearing Org) licenses.
CEO Vladimir Novakovski mentioned that initial talks with CFTC have been quite positive and the agency acts fast, but the actual timeline will depend on CFTC’s queue – might be within the 180-day review period.
Why Does It Matter:
Once approved, Lighter will be one of the few compliance-focused on-chain perpetuals platforms in the US – very important for institutional DeFi.
Smart Money Move?
As Odaily previously noted, Hoffman has sold ETH and rotated into $LIT, $ZEC, $NEAR – and all of them outperformed ETH significantly this week.
ETH is down ∼5.1% while his picks are in double-digit green.
Narrative:
Compliance = Pump?
Market rewards those who comply with regulations. $LIT , $ZEC (NU7 upgrade), and $NEAR (Intents + Chain abstraction) are ahead of the pack.
Are you following the rotation or are you still holding ETH?
#Lıt #zec #Near #ETH