LTC Joins Broad Crypto Rally as CoinDesk 20 Index Surges 6.2%

The cryptocurrency market witnessed a significant uptick on May 9, 2025, as the CoinDesk 20 Index jumped 6.2% to 2,869.91, marking one of its strongest single-day performances this year. The rally was broad-based, with every constituent in the index trading higher. Layer-1 blockchain SUI led the gains with a 16.4% surge, followed closely by Bitcoin Cash at 15.6%. Even typically stable assets like Bitcoin and Litecoin participated, advancing 3.3% and 4.5%, respectively. This bullish momentum underscores the growing investor confidence in digital assets, with Litecoin (LTC) emerging as a notable performer in the rally.

CoinDesk 20 Index Jumps 6.2% as Crypto Rally Lifts All Assets

The CoinDesk 20 Index surged 6.2% to 2,869.91, marking one of its strongest single-day performances this year. Every constituent in the basket traded higher, with layer-1 blockchain SUI leading gains at 16.4% and Bitcoin Cash close behind at 15.6%.

Even typically stable assets participated in the rally, with Bitcoin advancing 3.3% and Litecoin gaining 4.5%. The broad-based index, which tracks liquid digital assets across multiple global trading platforms, reflects renewed risk appetite across crypto markets.

High ROI Cryptos Gain Traction as BlockDAG Leads with Breakout Potential

Investors are aggressively scouting for high-return cryptocurrencies, with BlockDAG emerging as a standout candidate. Its rapid development milestones and limited-time pricing model suggest explosive post-launch upside. The project’s momentum contrasts with—and complements—resurgent interest in established players like Litecoin, Hedera, Bitcoin Cash, and Stellar.

These legacy altcoins are demonstrating renewed bullish momentum, fueled by network upgrades and resilient price action. Market participants increasingly view them as dual-threat assets: technically oversold yet fundamentally strengthened by protocol improvements. The convergence of speculative interest and infrastructure development creates fertile ground for potential double-digit rallies across the sector.

Frankfurt Authorities Seize $38.2M in Crypto from eXch Over Money Laundering Allegations

Frankfurt prosecutors have dismantled crypto exchange platform eXch, confiscating digital assets worth €34 million ($38.2 million) in a major anti-money laundering operation. The seizure—ranked as the third-largest in German federal police history—included Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Dash (DASH).

Authorities allege eXch functioned as a criminal trading hub, facilitating fund laundering for high-profile crypto heists such as the Bybit and Multisig breaches. The platform’s operations remain suspended pending further investigation.