Ava Labs, the developer of the Avalanche blockchain, has promoted Charley Cooper to president and Lydia Chiu to permanent chief financial officer. Cooper, previously COO, brings extensive regulatory experience from his time at the Commodity Futures Trading Commission, consolidating executive leadership. Chiu, with a background in finance and corporate development, moves up from business development roles. These leadership changes come as Ava Labs scales its Avalanche network toward institutional and enterprise markets, leveraging its multi-chain subnet architecture to address blockchain congestion issues.
Avalanche's price hovers near $6.35 following the launch of the Neuberger Securitize High Income Tokenized Fund (HINC), a new fixed-income tokenized fund on its blockchain. The fund, sub-advised by Neuberger Berman, includes high-yield bonds, collate...
Avalanche (AVAX) price fell 2.39% to $6.34 as most altcoins weakened, making AVAX one of the poorest performers despite a flat overall crypto market. The decline lacks a specific catalyst and reflects broad market risk-off sentiment. However, whale a...
Avalanche (AVAX) has extended its bullish run for three consecutive days after bouncing off pennant support around $6.14. This price recovery coincides with a 360% increase in real-world asset (RWA) transaction volume on the Avalanche network, reachi...
