Avalanche Treasury Co. debuted on NASDAQ under ticker AVAT, closing down 16% at $1.85 on its first day, reflecting investor skepticism. The company holds about 15 million AVAX tokens, which are trading near five-year lows around $6.50 to $6.70, far below the $675 million valuation set during its SPAC merger. AVAT aims to actively manage and grow its AVAX treasury, benefiting from discounted token purchases and priority sales from the Avalanche Foundation. However, the steep drop highlights market doubts about crypto treasury stocks' value in a weak token market and raises concerns about liquidity and competition from similar vehicles like AVAX One.
Ethereum remains the largest platform for tokenized real-world assets (RWAs) with about $14.65 billion, but it lost nearly $1.63 billion in RWA value over the past 30 days. Meanwhile, Stellar surged by 63% adding $810 million, and other networks like...
Avalanche Treasury Co. dropped 38.1% to $1.85 on its Nasdaq debut following a $675 million SPAC merger. The company plans to acquire over $1 billion worth of AVAX tokens and invest in Avalanche ecosystem development, including validator infrastructur...
Bitwise CIO Matt Hougan reports that financial advisors remain interested in crypto but are increasingly focusing on stablecoins and tokenization rather than Bitcoin. This shift reflects advisors' growing interest in real-world applications of crypto...
Financial advisors are shifting their focus from Bitcoin to stablecoins and tokenization, driven by blockchain's growing practical applications in payments and capital markets. Despite the bear market, interest in crypto remains strong, with advisors...
Bitwise CIO Matt Hougan reported that financial advisors are increasingly interested in stablecoins and tokenization rather than just Bitcoin, based on recent discussions with over 40 advisory teams. This shift reflects a growing focus on practical c...
