LIT breaks $5.3 to set new high as Bitwise launches BLIT

LIT broke above $5.3 and continued setting new highs, reaching $5.3022 with a 4.68% gain over 24 hours, according to OKX market data cited by PANews on Sept. 23. Earlier, Bitwise launched BLIT, a Lighter staking (locking crypto to earn rewards) exchange-traded product that tracks the Kaiko Lighter Reference Rate Index.