Laughing Hyena
  • Home
  • Hyena Games
  • Esports
  • NFT Gaming
  • Crypto Trends
  • Game Reviews
  • Game Updates
  • GameFi Guides
  • Shop
Tag:

Avalanche

AVAX price prediction for september 17
Crypto Trends

AVAX price prediction: Will Avalanche Hit $50?

by admin September 17, 2025



Summary

  • AVAX trades near $29.8, just below key $30 resistance after a recent rally.
  • A breakout above $30–$33 could trigger a move toward $50–$60 according to this AVAX price prediction.
  • ETF filings by Bitwise, Grayscale, and VanEck boost institutional interest.
  • Avalanche Foundation aims to raise $1B, signaling long-term confidence.

Avalanche is hanging around $29.8 after pulling back just a bit from its recent rally. On September 16, it made a solid push to break past the important $30 mark, a level AVAX price prediction analysts have been watching closely.

Now, the big question on everyone’s mind: is this the start of a bigger move? Some folks are hopeful AVAX could break out and head toward $50 sooner rather than later.

Current AVAX price prediction info

Right now, Avalanche (AVAX) is trading in a pretty narrow range between $29.60 and $30.50. The momentum has slowed down a bit, but overall, traders are still leaning bullish — just with some caution. If AVAX can close above $30, that might be the green light for more buyers to jump back in.

AVAX 1-day chart, September 2025 | Source: crypto.news

Even with the recent pullback, AVAX has stayed above key support levels, showing that buyers still have the upper hand, though they’re playing it safe. Some ups and downs are normal in the short term, but the bigger picture still looks solid.

Upside outlook

Breaking above $30 cleanly could lead AVAX toward a much bigger move, especially if it also clears the next big resistance at $33. That would likely spark a strong rally, with a realistic projection between $50 and $60 in the coming weeks.

The bullish projection is backed by several key factors. The Avalanche Foundation recently announced plans to raise $1 billion from institutional investors, signaling heavy interest from the big players.

Also, just two days ago, Bitwise filed an application for an Avalanche-based ETF, joining Grayscale and VanEck. This growing list of ETF filings reflects increasing institutional demand, which could give AVAX a big boost if any get the green light.

Add Avalanche’s ongoing progress in cross-chain tech, DeFi, and scalable dApps, and the Avalanche coin price forecast looks pretty optimistic.

Downside risks

However, the bullish outlook relies on AVAX maintaining its position above $30. If it drops below, the next critical support is at $28.40, with the possibility of further declines if selling pressure increases. Such a move could dampen short-term sentiment, particularly in a risk-off macro environment or during low trading volume. 

Given crypto’s volatility, traders should remain vigilant around these levels to minimize risk from stop-outs or forced liquidations.

AVAX price prediction based on current levels

Technically, AVAX is bouncing between $28 and $31 right now. If it manages a strong move above $30, the AVAX price prediction turns bullish, with $50 as a realistic next target.

The Avalanche outlook is upbeat but measured. Most analysts have the expectation that institutional interest and possible ETF approvals will provide the fuel for a larger rally. Even though there’s short-term resistance, the medium-term trend looks set for a breakout.

In short, $30 is a key test for AVAX. Passing it could bring the $50 level within reach, especially as both fundamentals and market interest align nicely.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.



Source link

September 17, 2025 0 comments
0 FacebookTwitterPinterestEmail
Decrypt logo
Crypto Trends

Avalanche, Sui, and Bonk ETFs Test SEC as Issuers Push Into Riskier Territory

by admin September 17, 2025



In brief

  • Bitwise, Defiance, Tuttle, and T-Rex filed five new crypto ETFs, from Avalanche and Sui to memecoin Bonk and leveraged Orbs.
  • Analysts say AVAX and tokenization funds have the strongest approval odds, while memecoin and basis-trade ETFs face “more scrutiny.”
  • The filings add to a queue of over 90 crypto ETF applications infront of the SEC.

A flood of crypto ETF applications hit the Securities and Exchange Commission on Tuesday, with five distinct filings spanning everything from Avalanche infrastructure to Bonk (BONK) in what one analyst called “wild” territory.

The lineup includes Bitwise’s spot Avalanche ETF and a Stablecoin & Tokenization ETF, Defiance ETFs built around Bitcoin and Ethereum basis trades, Tuttle’s “Income Blast” funds covering Bonk (BONK), Litecoin (LTC), and Sui (SUI), and T-Rex’s leveraged 2x Orbs ETF, according to ETF Institute co-founder Nate Geraci.

Together, they expand an already swelling roster of more than 90 crypto ETF applications pending before the regulator.



“The spot AVAX ETF should have the highest chance of approval because it’s a simple product relative to others,” Pratik Kala, head of research at Apollo Crypto, told Decrypt. 

Bitwise joins VanEck and Grayscale in pursuing institutional-grade exposure to AVAX ETFs.

But Kala expressed skepticism about more exotic products, saying that “Basis Trade ETF will be the first of its kind, to my knowledge, and will have more scrutiny.” 

He was referring to Defiance ETFs’ market-neutral Bitcoin and Ethereum funds that execute hedge fund arbitrage strategies by buying spot ETFs while shorting futures contracts.

Sudhakar Lakshmanaraja, founder of Digital South Trust, echoed Kala’s assessment, telling Decrypt that the SEC is “far likelier to greenlight AVAX and stablecoin/tokenization ETFs,” while “meme coin-linked products face a steeper climb” due to concerns over “volatility and liquidity.”

Tuttle Capital Management, managing over $3.6 billion in assets, became the second U.S. fund manager to file for a spot Bonk (BONK) ETF, alongside “Income Blast” products covering Litecoin and Sui. 

“Income Blast ones on long-tailed altcoins are also difficult as the options volumes for those are slim,” Kala told Decrypt. “It would be fair for the SEC to draw a harder line for memecoin-based ETFs due to the long-term sustainability of some of these coins, along with a poorer liquidity profile.”

Pav Hundal, lead analyst at Swyftx, told Decrypt that “infrastructure coins like Avax are close enough to Ether” to have strong approval odds, and “the same holds true for Sui.” 

He noted the SEC provided “clarity” in February that “meme coins aren’t securities,” suggesting more applications will follow. 

But Hundal showed particular enthusiasm for the basis trade ETF, calling it a “standout” since “a market neutral product hasn’t been launched yet” and predicting “these types of yield-bearing funds could be big.”

The filing blitz comes as REX-Osprey’s Dogecoin ETF prepares to debut this week after clearing its SEC review period. 

Kala said it’s “wild that ETF applications on long-tailed crypto and memecoin assets are being considered” as issuers position for “the largest wealth transfer” from boomers to younger generations who see “memetics plays a large role in investing.”

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.



Source link

September 17, 2025 0 comments
0 FacebookTwitterPinterestEmail
Decrypt logo
Crypto Trends

Bitwise Files for Avalanche ETF Ahead of US XRP, Dogecoin Fund Debuts

by admin September 16, 2025



In brief

  • Bitwise has filed to debut an ETF giving investors exposure to AVAX, the 19th-biggest digital coin by market cap.
  • The S-1 filing comes as Dogecoin and XRP ETFs are expected to hit the market this week.
  • Asset managers are hoping to get the green light for a number of altcoin ETFs.

Crypto asset manager Bitwise has filed the paperwork to debut an Avalanche exchange-traded fund just as new altcoin investment vehicles are expected to hit the U.S. market. 

A Monday S-1 filing with the Securities and Exchange Commission shows that the “Bitwise Avalanche ETF” would use America’s biggest exchange, Coinbase, to custody the digital assets. 

Avalanche is the crypto network behind AVAX, the 19th-largest digital asset by market cap. Avalanche rivals Ethereum by offering a cheaper and faster blockchain that developers can use to build applications upon.

AVAX was recently trading for over $30 per coin after rising by more than 6% over a 24-hour period, CoinGecko data shows. VanEck and Grayscale have also filed with the SEC to launch AVAX ETFs.

Bitwise’s filing comes as other altcoin ETFs are nearing their U.S. market debut. ETFs giving investors exposure to XRP and Dogecoin are expected to list this week, courtesy of REX Shares and Osprey Funds. 



Unlike the Bitcoin and Ethereum ETFs that hit the market last year in the U.S., or the fund Bitwise wants to debut, these altcoin ETFs will offer investors exposure to Dogecoin and XRP via a subsidiary registered in the Cayman Islands that is wholly owned and controlled by the fund.

The Rex-Osprey funds were registered via the Investment Company Act of 1940, unlike the current crop of Bitcoin and Ethereum ETFs, which were registered like commodity trusts under the Securities Act of 1933.

The Bitcoin and Ethereum ETFs give investors exposure to the two largest digital coins by market cap via the fund managers who hold the cryptocurrencies.

The SEC last year approved Bitcoin ETFs after a decade of denials. The funds had the most successful debut in the history of ETFs. The 12 funds now manage combined assets worth nearly $152 billion, according to SoSoValue data. 

Later in 2024, it gave the green light to fund managers wanting to release Ethereum ETFs. 

Now, the regulator has a long list of altcoin funds to approve from asset managers wanting to debut smaller cryptocurrencies.

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.



Source link

September 16, 2025 0 comments
0 FacebookTwitterPinterestEmail
Avalanche
GameFi Guides

Avalanche Targets $1 Billion Fundraising Goal For Two AVAX Treasuries

by admin September 12, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The Avalanche Foundation, a non-profit organization that supports the Avalanche (AVAX) blockchain ecosystem, is reportedly seeking to raise $1 billion through a major fundraising campaign to create two AVAX treasuries. 

This initiative aligns with a broader trend in the cryptocurrency space, where various organizations and traditional finance firms are experimenting with crypto treasury models to strengthen their financial stability and operational capabilities.

Avalanche Foundation To Offer Discounted AVAX Tokens

According to the Financial Times, the Avalanche Foundation is in advanced talks to create two crypto treasuries in the United States. These moves come at a time when the foundation is gaining traction among institutional investors, with firms like BlackRock and Visa already utilizing the Avalanche blockchain for their operations. 

The foundation’s strategy involves launching one digital asset treasury company while converting an existing firm into a treasury vehicle. The goal is to secure approximately $1 billion, with the expectation to finalize these deals within weeks.

The funds raised are earmarked for the acquisition of millions of AVAX tokens, which will be offered at a discounted price directly from the Avalanche Foundation. 

This approach is aimed to not only support the foundation’s growth but also to enhance the liquidity and market presence of AVAX amid an increasingly competitive treasury companies landscape. 

AVAX Price Approaches $30 

Per the report, the first fundraising deal aims to secure up to $500 million through a private investment led by Hivemind Capital, with expectations to finalize the agreement by the end of the month. Notably, Anthony Scaramucci, a crypto investor and former White House press secretary, is advising on this initiative. 

The second funding endeavor involves a special purpose acquisition vehicle (SPAC) sponsored by Dragonfly Capital, which is also targeting a $500 million raise. This deal may take longer to conclude, potentially stretching into October. 

Both initiatives will focus on purchasing discounted AVAX tokens held by the Avalanche Foundation, which has a total supply of 720 million tokens, with approximately 420 million currently circulating.

The broader cryptocurrency market has seen a surge in fundraising activities this year. Companies have raised over $16 billion to stockpile crypto assets, often inspired by the successful Bitcoin (BTC) treasury model of Strategy (formerly MicroStrategy). 

Tokens associated with other blockchains, such as Ethereum (ETH) and Solana (SOL), have also seen significant price increases. These tokens were selected by major publicly traded companies in the US for their respective crypto-focused treasuries.

Although AVAX has not experienced the same upward momentum, CoinGecko data shows that it has recorded gains of up to 17% in the weekly time frame. As of this writing, the AVAX price is approaching the key $30 mark, a level not seen since February of this year.

The daily chart shows AVAX’s price rise. Source: AVAXUSDT on TradingView.com

Featured image from DALL-E, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



Source link

September 12, 2025 0 comments
0 FacebookTwitterPinterestEmail
Avalanche activity driven by DEXs, trading bots, whale memecoin speculation
NFT Gaming

Avalanche activity driven by DEXs, trading bots, whale memecoin speculation

by admin September 3, 2025



Smart contract blockchain Avalanche recorded a consistent surge in blockchain activity, as analysts pointed to growing decentralized trading activities and returning crypto whale speculation on the next emerging memecoin.

Avalanche’s transaction growth surpassed all other blockchains the past week, rising 66% to 11.9 million transactions across more than 181,000 active addresses, signaling growing investor mindshare focusing on the blockchain.

The milestone occurred after a “landmark effort” of the US Department of Commerce, which adopted Avalanche, along with nine other public decentralized blockchains, to publish its real gross domestic product (GDP), Cointelegraph reported on Friday.

Despite Avalanche’s growing institutional and governmental adoption, we “cannot at this point attribute this to the US Government adopting Avalanche for its GDP data,” said Nicolai Sondergaard, research analyst at the Nansen crypto intelligence platform.

The network’s increasing blockchain activity was mainly driven by decentralized finance (DeFi) traders, miner extractable value (MEV) trading bots and whales speculating on the next big memecoin launch, the analyst told Cointelegraph, adding:

“The transaction surge is driven by: 60% DeFi protocol activity (Trader Joe, Aave, Benqi), 25% Automated trading bots and MEV, and 10% Whale trading and memecoin speculation […].”

The research analyst explained that the additional 5% of blockchain activity was attributed to blockchain gaming and non-fungible tokens (NFTs).

Avalanche, top 5 entities by blockchain users, 180 days. Source: Nansen

Related: Avalanche, Toyota Blockchain designing autonomous robotaxi infrastructure

DEX trading, “high-balance” whales drove the majority of Avalanche blockchain activity: Nansen

Cryptocurrency trading on decentralized exchanges drove the lion’s share of Avalanche’s blockchain activity, with Trader Joe DEX as the “primary driver,” which saw over $333 million worth of Avalanche Wrapped Ether (WETH.e) volume during the past seven days.

“Key players” driving this activity included traders on Nansen’s top 100 leaderboard, who made multiple six-figure trades, Sondergaard said.

Aave lending protocol was the secondary driver with $624,000 worth of flash loan activity through DEX aggregators, while the Benqi Protocol was another significant driver, after receiving over $650,000 worth of deposits from cryptocurrency trading bots.

Automated trading activities and “high balance” whale addresses drove the rest of the blockchain activity, with the Black (BLACK) token seeing $14 million in trading volume, with multiple whale addresses amassing up to $95,000 worth of the token.

Related: Kanye West’s YZY token: 51,000 traders lost $74M, while 11 netted $1M

Top blockchains by key metrics, change in weekly transactions. Source: Nansen

Looking at one of Avalanche’s main competitors, the Solana blockchain saw a 6.7% decrease in weekly transactions, including 433 million transactions across 18.9 million active addresses, Nansen data shows.

Solana top entities by weekly transactions. Source: Nansen

Similar to Avalanche, DEX trading drove the majority of blockchain activity, including Raydium DEX with 12.4 million users and 297 million transactions, followed by Fluxbeam DEX with 7.3 million users and 178 million transactions.

Magazine: Altcoin season 2025 is almost here… but the rules have changed



Source link

September 3, 2025 0 comments
0 FacebookTwitterPinterestEmail
Toyota And Avalanche To Build Blockchain Robotaxis In Japan
Crypto Trends

Toyota and Avalanche to Build Blockchain Robotaxis in Japan

by admin September 2, 2025



Toyota Blockchain Lab and Avalanche have teamed up in Japan to build blockchain-powered robotaxis. The two companies are designing the Mobility Orchestration Network (MON), a proof-of-concept that uses Avalanche’s multichain technology and Interchain Messaging (ICM). 

According to their research, the mission is to build a reliable and efficient system that supports self-driving robotaxi fleets and transforms the way people think about vehicle financing, insurance, and tracking.

This initiative is rooted in the Mobility Orchestration Network (MON), a proof-of-concept that leverages Avalanche’s multichain and Interchain Messaging (ICM) technology. The MON is designed to manage everything from vehicle financing and insurance to ride-sharing and carbon credit tracking, all while making ownership transfers in secondary markets a breeze.

Understanding Mobility, Source: Toyota-Blockchain-Lab

Building Blockchain-Powered Robotaxi Models

Toyota and Avalanche believe robotaxis could become the most disruptive use case for blockchain within transportation. Roi Hirata, head of Japan at Ava Labs, explained that on-chain fundraising and leasing models could empower anyone to launch a robotaxi service. 

He stated, “The payments, the leasing, you can actually start your own robotaxi services by raising funds on-chain, with some kind of security token system.”

This design allows investors to manage their fleets entirely on-chain, tracking performance and ownership records without relying on intermediaries. Hence, blockchain becomes the backbone of the business model.

Industry Barriers and Wider Opportunities

Despite progress, the vision requires regulators and manufacturers to align. Hirata noted that manufacturers are the toughest group to onboard. He emphasized, “There’s always an official record in different countries, different formats. So having that and the manufacturer working together on a blockchain is the most key task that we have to tackle.”

Besides robotaxis, the MON highlights blockchain’s potential to tokenize mobility itself. Vehicle tracking remains complex, but blockchain could streamline it through decentralized applications and standardized records. Consequently, investors are eyeing tokenized mobility as a future growth market.

Additionally, Avalanche is expanding real-world asset (RWA) tokenization. Grove, backed by Steakhouse Financial, aims to tokenize $250 million worth of RWAs on Avalanche with Janus Henderson, a $373 billion asset manager. 

Meanwhile, Avalanche just confirmed on X that the Foundation network has now processed over four billion transactions.

Toyota and Avalanche are testing robotaxis and also pushing blockchain into real mobility markets, where adoption could change transportation forever.

Also Read: SonicStrategy Secures $40M Boost Toward Nasdaq Listing Ambitions



Source link

September 2, 2025 0 comments
0 FacebookTwitterPinterestEmail
Scaramucci's Skybridge Capital to Tokenize $300M in Hedge Funds on Avalanche
GameFi Guides

Scaramucci’s Skybridge Capital to Tokenize $300M in Hedge Funds on Avalanche

by admin August 20, 2025



SkyBridge Capital, Anthony Scaramucci’s investment management firm, plans to tokenize $300 million worth of its hedge funds on the Avalanche

network.

The firm is bringing its Digital Macro Master Fund and Legion Strategies on-chain in partnership with tokenization provider Tokeny and its parent, Apex Group, which manages more than $3.5 trillion in assets, according to the press release shared with CoinDesk on Tuesday. Apex acquired Tokeny earlier this year.

The initiative uses the ERC-3643 token standard with operational support from Apex’s Digital 3.0 platform, which handles issuance, administration, and distribution.

SkyBridge’s decision underlines the growing appeal of using blockchain rails to transfer and record ownership of traditional financial instruments like bonds, funds and stocks, a process often dubbed tokenization of real-world assets (RWA). Global banks and asset managers are exploring this technology to cut settlement times, increase transparency and keep markets open around the clock.

Securitization firm VERT Capital announced to tokenize $1 billion of debt and receivables on XDC network and debuted a tokenized credit platform on XRP Ledger, while tokenization specialist Securitize also offers tokens of various funds by Hamilton Lane, Apollo and KKR.

The tokenized RWA market has doubled over the past year, surpassing $26 billion, per RWA.xyz data, and is projected to grow into a trillion-dollar market by 2030, according to reports by McKinsey, Ripple, BCG and others.

“We look forward to bringing our hedge funds into the digital, on-chain era, improving transparency, liquidity, and accessibility for our investors, and demonstrating how traditional finance and blockchain can work together to create smarter, more efficient investment solutions,” SkyBridge Capital founder and CEO Anthony Scaramucci said in a statement.

Avalanche increasingly aims to position itself as a hub for tokenized assets. Bergen County in New Jersey uses the network to digitize property deeds of $240 billion in real estate, combating fraud and cutting processing time.

Read more: Stellar Development Foundation Invests in Archax, Aiming to Boost Tokenization



Source link

August 20, 2025 0 comments
0 FacebookTwitterPinterestEmail
Skybridge Capital To Tokenize $300M On Avalanche Blockchain
GameFi Guides

SkyBridge Capital to Tokenize $300M on Avalanche Blockchain

by admin August 20, 2025



Anthony Scaramucci, the founder and CEO of SkyBridge Capital, said on Tuesday that his company will move around $300 million from two funds into tokenized form on the blockchain. This is about 10% of SkyBridge’s total assets under management 

Tokenization is a topic that has been picked up in the finance space recently. It simply creates digital versions of real-world assets that can be traded on a blockchain just like Bitcoin or stablecoins. This is meant to make them easier and faster to exchange.

“I’m basically seeing 2026 into 2027 as the age of real-world tokenization,” Scaramucci said in an interview. He also predicted that more assets will shift to the blockchain in coming years.

$300 Million Set for Tokenization on Avalanche Blockchain

According to reports, SkyBridge will place its tokenized funds on Avalanche, a blockchain network that currently holds close to $2 billion worth of assets.

To carry out the plan, the firm will work with Tokeny, a company that helps investment managers turn traditional funds into blockchain-based products for wider access and easier trading.

One of the funds set for tokenization invests in cryptocurrencies such as Bitcoin, which the Securities and Exchange Commission has not categorized as securities, according to SkyBridge’s latest investor disclosure.

The second fund is described as a “fund of funds,” combining SkyBridge’s other vehicles, including its venture fund and its crypto-focused investments, giving token holders access to multiple strategies.

Tokenization is believed to cut costs and remove middlemen who usually check, process, and charge fees whenever financial products change hands.

Because blockchains act as decentralized databases, every transaction and asset record is transparent and verifiable, allowing anyone on the network to confirm ownership without needing outside verification.

A Future Without Spreadsheets and Bank Calls

Moveover, tokenization is gaining momentum among corporate companies, For instance, firms like BlackRock, Franklin Templeton, and VanEck recently launched tokenized money market funds on blockchains like Solana and Aptos.

Those who support this move picture a future where investors easily buy, sell, and move fund stakes on blockchain platforms without spreadsheets, wire transfers, or repeated communication with banks and financial middlemen.

According to John Wu, president of Ava Labs, the company behind Avalanche. “Ultimately, we want to achieve two things: bring activity on-chain from the traditional finance world and show the world that this technology can benefit them in terms of cost savings.”

Also Read: Ethereum Whales Panic-Sell as $ETH Price Drops



Source link

August 20, 2025 0 comments
0 FacebookTwitterPinterestEmail
Decrypt logo
NFT Gaming

Wyoming’s ‘Frontier’ Stablecoin Debuts on Ethereum, Solana and Avalanche

by admin August 19, 2025



In brief

  • Wyoming’s Frontier Stable Token debuted on seven networks, including Ethereum, Solana, and Avalanche.
  • The token could offer a yield in the future, while funding local education.
  • It could theoretically be issued on more than 110 networks through LayerZero.

Wyoming’s stablecoin debuted across seven blockchains on Tuesday, a new milestone for the Cowboy State as it officially enters the $285 billion sector.

Issued in partnership with LayerZero, the Frontier Stable Token (FRNT) will operate across Ethereum, Solana, and Avalanche, along with four Ethereum scaling networks—Polygon, Arbitrum, Optimism, and Base—the blockchain infrastructure provider and Wyoming Stable Token Commission said in a joint statement.

Although the stablecoin sector has been dominated for years by crypto-native firms like Tether and Circle, FRNT, previously known as the Wyoming Stable Token (WYST), represents the first state-backed token issued in the U.S. Wall Street firms, meanwhile are mulling their own offerings. 

The Commission and LayerZero described FRNT as a “constitutionally-protected public asset” that’s not subject to “arbitrary usage restrictions,” unlike many alternatives.



Like most stablecoins, FRNT will be backed by cash and U.S. Treasuries—but instead of benefiting a business, interest generated by FRNT’s reserves will be diverted to Wyoming’s School Foundation Fund on a quarterly basis, serving its citizens as a public good.

Individuals tied to FRNT’s introduction told Decrypt last month that the token will be unique because it’s not regulated under the GENIUS Act. The framework for stablecoins that passed last month does not apply to FRNT because Wyoming is a sovereignty—not a business—they said.

That means FRNT could eventually share a portion of the revenue its reserves generate with holders. That feature won’t be enabled on Tuesday, as it’s still being ironed out, Wyoming Democratic State Senator Chris Rothfuss told Decrypt in July.

The initiative has caught flack from some U.S. conservatives., who have compared FRNT to a central bank digital currency, but Anthony Apollo, executive director of Wyoming’s Stable Token Commission, has pushed back against concerns over users’ financial sovereignty.

Apollo has maintained, for months, that FRNT is not a CBDC because it can’t be issued in the same way that central banks create cash. On top of that, the state may challenge requests to seize or freeze funds, if they conflict with the state’s constitutional mandates.

One example: A company issuing a stablecoin could change their policies to prohibit the purchase of firearms with their token, while Wyoming wouldn’t be able to do the same because of its obligation to uphold the Second Amendment, Apollo said.

The stablecoin’s debut came amid the Wyoming Blockchain Symposium, an invite-only event at Four Seasons Resort and Residences Jackson Hole in Teton Village, where U.S. Securities and Exchange Commission Chair Paul Atkins is expected to speak.

FRNT was built using LayerZero’s Omnichain Fungible Token (OFT) standard, which also powers PayPal’s PYUSD stablecoin. Tokens issued under the standard can theoretically exist on over 110 blockchains that LayerZero supports.

A constitutionally-protected asset may not mean much to someone purchasing a cup of coffee in New York, but it could matter to people overseas who face high inflation or authoritative governments, LayerZero co-founder and CEO Bryan Pellengrino told Decrypt.

Not long ago, it was unclear whether something like FRNT would even be allowed in the U.S., he said, pointing to the regulatory scrutiny that followed the $40 billion collapse of Terra’s ecosystem in 2022—marked by the meltdown of its TerraUSD (UST) algorithmic stablecoin.

“It’s a crazy bellwether for the industry that I’m not sure people fully recognize,” he said, referring to FRNT’s debut. “Just a couple of years ago, all that people were talking about is that stablecoins are going to be banned.”

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.



Source link

August 19, 2025 0 comments
0 FacebookTwitterPinterestEmail
Avalanche gains momentum as monthly transactions surge 326% but this chart signals a cold front
NFT Gaming

Avalanche activity spikes despite AVAX price pullback

by admin August 18, 2025



Avalanche network activity continues to show robust growth despite the native token hitting a snag and slipping from highs above $25 as a pullback across the crypto market engulfed most coins. 

Summary

  • Avalanche price pulled back from highs above $25, retreating slighty amid broader market sell-off pressure.
  • Nansen data however shows Avalanche’s onchain growth momentum remains.

The Avalanche (AVAX) token rose to highs of $25.64 on Aug. 18, extending the uptick that had bulls off support levels around $23.40 over the past week. 

However, with cryptocurrencies down in the past 24 hours amid widespread profit taking, AVAX pared gains to hover around $23.61. The altcoin was down 5% in 24 hours as Bitcoin (BTC) fell below $115k and Ethereum (ETH) retreated to near $4,200.

Avalanche network activity rises

While Avalanche’s price is facing the same downside pressure that currently engulfs the broader risk-asset market, data shows network strength that supports the long-term outlook. Other than the key metric of stablecoin growth, onchain data from Nansen suggests the past two weeks have been huge for Avalanche in terms of transactions.

An update by the multichain artificial intelligence-powered analytics platform shared on August 18 shows that Avalanche’s daily transactions grew by more than 100% in the past month. From about 500,000 transactions per day, Nansen data shows the network rose to hit over 1.3 million in daily transactions.

Avalanche activity is on the rise. 🔺

Over the last 30 days, transactions jumped from ~500K/day lows to 1.3M+ daily transactions, more than doubling in just two weeks!

Momentum on @avax is definitely heating up. pic.twitter.com/iDIW8Vihw3

— Nansen 🧭 (@nansen_ai) August 18, 2025

Notably, most of the uptick came in a two-week period in which Avalanche witnessed significant network growth.

Momentum for AVAX is cooling, but with the bullish fundamentals in place, analysts say Avalanche’s price setup suggests a breakout. Stablecoin growth and decentralized finance traction are driving this outlook.

TVL and other metrics 

As the onchain metrics point to increased user activity, DeFiLlama data indicates total value locked is ticking up from April 2024 lows.

The TVL aside, Avalanche is also attracting attention as a platform for real-world asset tokenization. In the tokenization market, the latest development related to Avalanche is the move by Bowmore, among the oldest distilleries in Scotland, to launch its first-ever tokenized whisky bottles on the AVAX blockchain.

In July 2025, Avalanche attracted headlines as it announced that $250 million in RWAs was coming onchain via Grove. The platform also struck a deal with Visa for global stablecoin settlement.





Source link

August 18, 2025 0 comments
0 FacebookTwitterPinterestEmail
  • 1
  • 2

Categories

  • Crypto Trends (1,098)
  • Esports (800)
  • Game Reviews (737)
  • Game Updates (906)
  • GameFi Guides (1,058)
  • Gaming Gear (960)
  • NFT Gaming (1,079)
  • Product Reviews (960)

Recent Posts

  • Broken Sword sequel gets Reforged treatment after last year’s “reimagining”, out next year
  • Samsung Offloads Its Old T7 External SSDs, Now Selling for Pennies on the Dollar at Amazon
  • Voila! Nintendo quietly shares new details on Samus’s motorbike in Metroid Prime 4
  • Jimmy Fallon Is Trying To Make Wordle Into A Game Show
  • Marathon still lives, as Bungie announces new closed technical test ahead of public update

Recent Posts

  • Broken Sword sequel gets Reforged treatment after last year’s “reimagining”, out next year

    October 8, 2025
  • Samsung Offloads Its Old T7 External SSDs, Now Selling for Pennies on the Dollar at Amazon

    October 8, 2025
  • Voila! Nintendo quietly shares new details on Samus’s motorbike in Metroid Prime 4

    October 8, 2025
  • Jimmy Fallon Is Trying To Make Wordle Into A Game Show

    October 8, 2025
  • Marathon still lives, as Bungie announces new closed technical test ahead of public update

    October 8, 2025

Newsletter

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

About me

Welcome to Laughinghyena.io, your ultimate destination for the latest in blockchain gaming and gaming products. We’re passionate about the future of gaming, where decentralized technology empowers players to own, trade, and thrive in virtual worlds.

Recent Posts

  • Broken Sword sequel gets Reforged treatment after last year’s “reimagining”, out next year

    October 8, 2025
  • Samsung Offloads Its Old T7 External SSDs, Now Selling for Pennies on the Dollar at Amazon

    October 8, 2025

Newsletter

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

@2025 laughinghyena- All Right Reserved. Designed and Developed by Pro


Back To Top
Laughing Hyena
  • Home
  • Hyena Games
  • Esports
  • NFT Gaming
  • Crypto Trends
  • Game Reviews
  • Game Updates
  • GameFi Guides
  • Shop

Shopping Cart

Close

No products in the cart.

Close