AVAX One Technology regained compliance with NASDAQ's $1 minimum bid price by executing a 1-for-12 reverse stock split effective June 15, clearing the threshold on July 9. The company, holding about 14 million Avalanche (AVAX) tokens and generating over $11 million annualized revenue from staking and Bitcoin mining, avoided delisting. Leadership changes include a new interim CEO, and the company plans to expand into AI-focused data centers. This move allows investors, especially those restricted from holding crypto directly, to gain exposure to AVAX through a NASDAQ-listed stock.
Harmony blockchain suffered an exploit where an attacker minted about 4 billion ONE tokens, roughly 26% of its supply, causing the token to drop 40% to a record low. Bitcoin remains stable near $64,000 as markets await the U.S. July inflation report,...
Tokenized U.S. Treasuries have grown to $15.2 billion across multiple blockchains, with Ethereum holding the largest share at $6.6 billion or 43% of the market. Despite rising competition from chains like BNB, Stellar, Solana, and Avalanche, Ethereum...
Major cryptocurrencies saw price declines, with Bitcoin dropping 2.1% to $63,925 and Ethereum falling 2.8% to $1,873.93. Other notable coins like Binance Coin and Solana also declined, reflecting a broad market pullback. Stablecoins remained steady n...
Ethereum, Solana, and Avalanche blockchain networks have increased transaction volumes significantly compared to a year ago. However, their native tokens—ETH, SOL, and AVAX—have fallen about 50% or more in value during the same period. This decline i...
