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Avalanche News Today

Every Avalanche story we summarized, newest first.

3 Avalanche stories in the last 7 days

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The Block

Ethena launches Ethena Pay app on Avalanche, offering up to 6% yield and 10% cashback

Ethena Labs has launched the beta of Ethena Pay, a new self-custodial money app built on Avalanche, across 48 countries.

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CoinDesk

Ethena pushes stablecoins into everyday banking with high-yield savings, cards and payments

Ethena Pay offers a 6% dollar savings rate and 5% card cashback, using Avalanche for settlement.

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Decrypt

Charles Schwab Expands Crypto Trading Beyond Bitcoin and Ethereum

The brokerage will expand Schwab Crypto trading to Solana, Avalanche, and Chainlink, but has not given a launch date for the three tokens.

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The Block

Charles Schwab to add Solana, Avalanche and Chainlink to crypto trading platform

Schwab Crypto began rolling out to clients in May with direct access to BTC and ETH trading and charges 75 basis points per transaction.

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CoinDesk

South Korea trade giant POSCO brings trade receivables to Avalanche in latest tokenization move

The $22 billion trading company worked with Olea and Intain on the transaction, following an Injective pilot with LG CNS last month.

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The Block

Avalanche’s Nahas: Token prices are down, but ‘I’ve never seen more opportunities’ in crypto

Ava Labs CBO John Nahas says crypto prices are down, but real-world adoption is creating more opportunities across the sector.

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The Block

Securitize brings Neuberger’s $230 billion fixed-income platform onchain with new tokenized fund

HINC will be available across Avalanche, Ethereum, Solana and Sui, as Securitize expands its push to bring fixed-income strategies onchain.

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CoinTelegraph

Neuberger teams with Securitize on multi-chain tokenized fixed-income fund launch

The $613 billion asset manager will subadvise a high-yield fund tokenized across Ethereum, Solana, Avalanche and Sui.

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The Block

Securitize brings Neuberger’s $230 billion fixed-income platform onchain with new tokenized fund

HINC will be available across Avalanche, Ethereum, Solana and Sui, as Securitize expands its push to bring fixed-income strategies onchain.

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CoinTelegraph

Kenya moves 30 million academic credentials onto Avalanche blockchain

Kenya is moving 30 million academic credentials onto the Avalanche blockchain, a digital verification platform aimed at reducing forged certificates. Employers and universities can now authenticate academic records onchain, ensuring legitimacy and preventing counterfeiting. This initiative is expected to streamline academic verification processes and provide a secure environment for academic credentials, benefiting the education sector and the economy.

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The Block

Ethereum, Solana and Avalanche get busier and cheaper even as token prices fall: Bitwise

Ethereum, Solana, and Avalanche are experiencing increased network activity and lower transaction fees despite their token prices plummeting over 50% in the past year. This trend is observed by Bitwise, which notes rising activity but declining revenues. The shift suggests a growing adoption of these networks, potentially offsetting their declining token values.

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The Block

Stani Kulechov on Aave V4, Avalanche, and why RWAs will hit $100 billion this year

Aave Labs founder Stani Kulechov announces the successful debut of Aave V4 on Avalanche, a move expected to disrupt traditional prime brokers. This integration is part of Kulechov's vision to expand decentralized finance, with Repayable and Withdrawable Assets (RWAs) projected to reach $100 billion by December, doubling the current market value.

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CoinTelegraph

Aave launches V4 on Avalanche, laying groundwork for tokenized credit markets

Aave launches V4 on Avalanche, marking its first expansion beyond Ethereum and introducing lending infrastructure for tokenized real-world assets. This move enables the creation of markets for credit and other financial instruments, potentially unlocking new use cases and revenue streams for Aave, a leading decentralized finance (DeFi) platform, expanding its reach and influence in the crypto market.

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CoinTelegraph

Thai scammer's $122M wallet, Japan embraces crypto credit: Asia Express

Japan is embracing cryptocurrency with open arms, with Bitcoin-backed mortgages and stablecoin yields gaining traction. Hyundai is testing Avalanche for global stablecoin transfers, a move that could revolutionize cross-border transactions. Meanwhile, a Thai scammer's wallet containing $122 million in cryptocurrency is being targeted by authorities, highlighting the need for increased security measures in the industry.

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The Block

Japan’s largest security token platform moves nearly $3 billion to Avalanche blockchain

Progmat, Japan's largest security token platform, is moving nearly $3 billion in assets to the Avalanche blockchain. This significant shift accounts for 64.6% of Japan's total security token market issuance value, underscoring Progmat's dominance in the Japanese market. The move to Avalanche is expected to enhance security and scalability, benefiting Japan's burgeoning security token ecosystem.

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Decrypt

Avalanche Treasury Firm AVAX One Reclaims Nasdaq Compliance After Reverse Stock Split

Avalanche Treasury Firm AVAX One has reclaimed Nasdaq compliance following a reverse stock split, allowing it to regain its listing on the exchange. The company's stock price has increased significantly, with a 1:10 reverse split implemented to meet Nasdaq's minimum price requirement of $4 per share. This move will likely boost investor confidence and liquidity in the AVAX One stock.

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The Block

Why this Wall Street veteran is betting on Avalanche

Avalanche Treasury Company CEO Bart Smith is betting on Avalanche, citing its robust treasury functions and scalability. He believes Avalanche's decentralized finance capabilities will drive adoption, making it a prime target for institutional investors. Smith's thesis hinges on Avalanche's ability to process high transaction volumes, positioning it for significant growth in the crypto market.

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The Block

AVAX One launches CEO search after leader of its Avalanche treasury pivot steps down

AVAX One is currently searching for a new CEO following the departure of its leader, who spearheaded the $550 million Avalanche treasury pivot supported by SkyBridge founder Anthony Scaramucci. This strategic shift aims to bolster the Avalanche ecosystem, with Scaramucci's backing potentially injecting fresh capital and credibility into the project, influencing the overall crypto market dynamics.

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CoinTelegraph

Securitize gains on NYSE debut with tokenized stocks live on Solana, Avalanche

Securitize successfully issues tokenized versions of its shares on Solana and Avalanche, a historic first for a newly public company on its NYSE debut. The tokenized stocks are now live on both blockchain platforms.

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Decrypt

Securitize Begins Trading on NYSE as Tokenized Shares Land on Solana, Avalanche

Securitize begins trading on the New York Stock Exchange, marking a significant milestone in the tokenization space. The BlackRock-backed firm also offers tokenized shares on Solana and Avalanche, expanding its reach to decentralized finance platforms. This development brings tokenized securities to a broader audience, potentially increasing mainstream adoption and liquidity in the crypto market.

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CoinDesk

Securitize tokenizes $295 million of its own stock on Solana and Avalanche amid NYSE debut

Securitize tokenizes $295 million of its own stock on Solana and Avalanche, marking the largest issuer-sponsored tokenized stock at launch, as the company makes its NYSE debut. This move positions Securitize against rival third-party stock token issuers, highlighting the potential for issuers to directly tokenize their shares, a significant development in the stock tokenization space.

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The Block

Avalanche Treasury stock plunges 73% since debut as company’s AVAX holdings lose value

Avalanche Treasury stock plunges 73% since its debut, a significant decline that raises concerns about the company's financial stability. The company's management raised substantial doubt about its ability to continue operations at the end of the first quarter, citing a decline in its AVAX holdings value. This decline has severe implications for the company's future prospects.

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CoinDesk

FIFA wanted Avalanche's blockchain to help curb World Cup ticket scalping. Here's how it's going

FIFA is currently utilizing Avalanche's blockchain to test a new ticketing system aimed at reducing World Cup ticket scalping. The system uses smart contracts to ensure authenticity and prevent counterfeiting. Approximately 1,000 tickets have been issued for the test, with FIFA hoping to roll out the system globally by 2026. This move could significantly impact the global ticketing market.

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CoinTelegraph

Avalanche Treasury Co. falls 16% as it debuts on Nasdaq

Avalanche Treasury Co. experiences a 16% decline in its market value upon its debut on the Nasdaq, with investors likely reacting to the company's holdings of approximately 15 million AVAX tokens, which are currently trading at a five-year low, potentially affecting the overall sentiment and valuation of Avalanche's native cryptocurrency, AVAX.

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The Block

Avalanche Treasury shares fall 38% on Nasdaq debut after $675 million merger

Avalanche Treasury shares plummet 38% on their Nasdaq debut following a $675 million merger, marking a significant drop in valuation. The company aims to accelerate the growth of the Avalanche ecosystem, with plans to acquire over $1 billion worth of AVAX tokens over time, fueling expansion and potentially boosting the native cryptocurrency's value in the process.

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