avalanche

According to The Block, Ethena Labs announced the launch of the beta version of its self-custody payment application Ethena Pay on Avalanche, covering 48 countries.The application integrates Ethena's synthetic dollar USDe, allowing users to earn rewards on their account balance, including up to 6% annual yield and up to 10% cash back when using designated merchants.The founder of Ethena stated that this is the first bank-like application to integrate the issuer's own stablecoin products with banking applications. Users can hold USDe, receive fiat currency through international bank accounts or directly deposit in cryptocurrency, and can also send funds to others and settle in the recipient's local currency.The application supports "instant" global transfers, with free transfers for USD, EUR, and other currencies, while other bank transfers incur certain fees. The application offers three membership tiers: standard users can enjoy a 5% annual yield, and by depositing 2000 USD in USDe or inviting 10 users, they can upgrade to VIP status, enjoying a 6% yield; depositing 10,000 USD or inviting 50 people allows for further upgrades. Cash back is paid in AVAX.The beta version of Ethena Pay is now available on iOS and Android, initially covering countries such as Brazil, Mexico, South Africa, the Philippines, Singapore, the UAE, and Australia, with the US, EU, Canada, and South Korea to follow. Currently, the circulating supply of USDe is approximately 4 billion USD.

Financial services giant Charles Schwab announced on Thursday that it plans to add Solana, Avalanche, and Chainlink to its cryptocurrency trading platform in the coming months, further expanding beyond Bitcoin and Ethereum, but did not provide specific launch dates. This addition comes about three months after Charles Schwab introduced direct trading of Bitcoin and Ethereum to some retail clients, who previously could only gain exposure to cryptocurrencies through exchange-traded products and stocks of companies like Coinbase and Strategy, without the ability to directly purchase cryptocurrencies.Joe Vietri, head of digital assets at Charles Schwab, stated that this expansion will provide clients with more options for digital asset allocation. Solana focuses on fast, low-cost transactions, Avalanche supports businesses and developers in creating custom blockchains, and Chainlink connects blockchains with external information, providing data such as asset prices for smart contracts. Clients can buy and sell these cryptocurrencies on the official website, mobile app, and thinkorswim platform, with a fee of 75 basis points (0.75%) per transaction.

Charles Schwab announced plans to add trading services for Solana (SOL), Avalanche (AVAX), and Chainlink (LINK) to its Schwab Crypto platform in the coming months.Schwab Crypto began offering clients direct trading in Bitcoin and Ethereum in May 2026. Charles Schwab stated that it will continue to gradually add more cryptocurrencies and digital assets.

According to businesswire, Nasdaq-listed Avalanche Treasury Company (AVAT) disclosed that as of June 30, it held approximately 15.3 million AVAX, with a book value of about 100 million dollars; the net staking income for the second quarter was 1.5 million dollars, totaling 3.6 million dollars for the first half of the year.The company reported a net loss of 44.7 million dollars in the second quarter, of which approximately 35.7 million dollars came from the fair value changes, realized losses, and impairments of its AVAX holdings, while about 15.2 million dollars were one-time transaction costs incurred from completing the business combination. The company's board also approved a Class A common stock repurchase plan of up to 10 million dollars.

Avalanche development company Ava Labs CEO Emin Gün Sirer announced a leadership adjustment. Charley Cooper has been appointed as the President of Ava Labs, who will drive the transformation of technological foundations into broader global adoption through operational discipline, regulatory experience, and institutional perspective. Former President John Wu has transitioned to Senior Advisor, where his judgment, connections, and business knowledge will continue to play a role.Lydia, who previously served in an interim capacity, has been officially appointed as Chief Financial Officer. Emin Gün Sirer stated that his CEO responsibilities remain unchanged, and he will continue to lead Ava Labs' long-term vision, ensuring that Avalanche becomes an advanced and reliable platform for developers, institutions, and enterprises. He pointed out that the company already possesses the technology, team, and opportunities, with the next focus on execution.

According to Cryptopolitan, the Kenya National Examinations Council has begun writing the country's academic records onto the Avalanche C-Chain for instant online certificate verification. Currently, over 15 million records have been put on-chain, and the system is expected to expand to about 35 million records, covering junior high school, high school, advanced diplomas, and teacher certification.Previously, verifying paper certificates took weeks to months and there were issues with forgery. The project is being implemented by a local tech company on the LegitDoc platform.

According to the official blog of Ava Labs, the Kenya National Examinations Council (KNEC) announced that through a local technology service provider, it has anchored national academic certification data to the Avalanche C-Chain, officially establishing a national electronic certification system.The system has already recorded over 15 million historical academic records on-chain, dating back to 1989, and nearly 1 million KCSE candidates' certificates for 2025 have now been exclusively issued through this platform.In the future, the system is expected to cover approximately 35 million verifiable records, encompassing various educational levels including primary school, secondary school, higher diplomas, and government teacher training certifications. The new system will significantly compress the verification time from the original weeks or even months to seconds, completely replacing the old processes that relied on manual reviews and traditional databases, effectively preventing fraud such as certificate forgery and counterfeit verification websites.KNEC CEO David Njengere stated that candidates can now securely access, download, and verify their KCSE certificates online without having to rely on physical certificates.

Aave V4 has been deployed to the Avalanche network, marking the first multi-chain deployment of the Aave V4 Hub & Spoke architecture. This deployment includes a core liquidity hub and three sub-markets: the main market supports lending of assets such as WAVAX, BTC.b, USDC, USDT, and WETH.e; the AVAX-related market focuses on AVAX liquidity staking strategies, allowing users to deposit sAVAX with a 95% collateral rate and borrow WAVAX; the foreign exchange market supports mutual collateralization and lending among three stablecoins: EURC, USDC, and USDT.The core liquidity hub adopts a shared liquidity pool design, with all sub-markets sharing the same pool to avoid liquidity fragmentation. Aave stated that since its deployment on Avalanche in 2021, the historical cumulative inflow for V2 and V3 has exceeded $15 billion, and the current stablecoin utilization rate in the V3 market is over 90%.

Japan's largest securities token issuance and management platform, Progmat, has completed its migration to the Avalanche blockchain, transferring all managed tokenized assets worth over 452 billion yen (approximately 2.7 billion USD) from a Corda 5-based permissioned chain to a dedicated Avalanche Layer 1. This migration was announced in February this year and was completed as scheduled, without affecting the normal operations of financial institutions.Progmat stated that the new architecture no longer relies on a single blockchain and can support future multi-chain expansion. All smart contracts have been migrated to the EVM environment, and while maintaining the original functionality, the speed of asset rights transfer processing has increased by 3 to 5 times, with the final confirmation time for transactions reduced to under 2 seconds. Progmat was initially incubated by Japan's largest bank, Mitsubishi UFJ Trust and Banking Corporation (MUFG), and became an independent operation in 2023. It currently has the support of major Japanese financial institutions such as Mizuho Bank, Tokyo Stock Exchange, and SBI, holding a 53% market share in Japan's securities token market and accounting for 64.6% of the total issuance scale of securities tokens, covering most tokenized real estate and corporate bond projects.In addition, Progmat established a working group for the tokenization of Japanese government bonds and on-chain repurchase (Repo) in May this year, collaborating with asset management institutions, banks, and securities companies to research the tokenization of Japanese government bonds and explore application scenarios such as 24/7 trading and T+0 real-time settlement.

Data from Rwa.xyz shows that BUIDL on the Avalanche chain has surpassed $900 million, with a weekly growth of 105%.The current total scale of BUIDL has reached $2.869 billion, with a 30-day increase of 21.11%.

According to The Defiant, Nasdaq-listed company Avalanche Treasury Corp (AVAT) warned in its SEC quarterly report of significant doubts about its ability to continue as a going concern. The company's stock price has dropped 93% over the past month, falling from over $10 in early June to below $0.73 on June 29. AVAT went public on June 11 through a merger with Mountain Lake Acquisition Corp, planning to establish a $1 billion AVAX position, but the approximately $265 million cost of purchasing AVAX has now shrunk to about $123 million. AVAX has fallen 47% this year, with a Wednesday quote of about $6.72. AVAT has staked about 7.8 million of its 13.8 million AVAX as collateral for loans, with an operating loss of over $26 million in the first quarter, almost entirely due to the impairment of the fair value of its AVAX holdings. AVAT's market capitalization has fallen to less than $30 million.

Avalanche Treasury Company officially listed on Nasdaq under the code AVAT on Thursday, but faced a sell-off on its first day of trading, with the stock price dropping 16% from the opening to close at $1.85.The company completed its listing through a merger with SPAC Mountain Lake Acquisition, with a total transaction size of approximately $675 million, and received support from institutions such as Dragonfly, Pantera, ParaFi Capital, VanEck, Galaxy Digital, and Kraken.Avalanche Treasury holds approximately 15 million AVAX tokens, aiming to provide investors with exposure to the Avalanche ecosystem without the need to hold the tokens directly. CEO Bart Smith stated that this strategy is not a direct bet on price, but rather a long-term investment in the potential for institutional financial restructuring.Although the Avalanche ecosystem has attracted over 550 projects and more than $1 billion in institutional funds since its launch in 2020, its native token AVAX has recently faced significant pressure, with prices falling back to near five-year lows.Market data shows that AVAT's first-day performance continued the generally weak trend of crypto "Digital Asset Treasury (DAT)" companies. Previous related listings such as Strategy, Bitmine, and SOL Strategies have all experienced significant pullbacks, reflecting ongoing valuation pressure for such assets in the crypto bear market environment.

According to CNBC, Avalanche Treasury, a company focused on the Avalanche ecosystem, has officially announced its listing on NASDAQ under the stock ticker AVAT. The company is led by former Susquehanna and AllianceBernstein executive Bart Smith and achieved its listing through a $675 million merger with SPAC Mountain Lake Acquisition Corp.Reportedly, unlike most reserve companies that only hold crypto assets, Avalanche Treasury allocates funds to Avalanche network infrastructure, applications, and ecosystem projects, rather than simply hoarding AVAX tokens, attempting to create additional returns through staking yields, ecosystem investments, and capital allocation. AVAT currently holds approximately 15 million AVAX, accounting for about 3.5% of the circulating supply.

CME Group announced that it has launched futures contracts for Avalanche (AVAX) and Sui (SUI) for investors to trade.

The global stablecoin payment infrastructure platform WasabiCard has announced that it now supports Avalanche (AVAX) network top-ups. Users can now directly recharge their WasabiCard accounts on-chain through the AVAX network.It is reported that this integration aims to leverage the high performance, low latency, and low-cost underlying architecture of the Avalanche network to enhance the efficiency of on-chain funds entering the real commercial payment system and reduce friction costs during the transfer process. The official statement indicates that this move will further improve WasabiCard's multi-chain payment infrastructure layout and continuously promote the flexible application of on-chain assets in real global payment scenarios.

The Avalanche Foundation stated on the X platform that it supports DeFi United. This is a coordinated effort aimed at restoring rsETH collateral support. DeFi is undergoing public stress testing, with transparent accounts and real accountability, while traditional financial systems often take months or years to complete such repairs.The Avalanche Foundation expressed support for Aave and the broader DeFi ecosystem.

OKX will delist the USDT and USDC AAVE (Avalanche network) on-chain earning products on April 21, 2026. New subscriptions for related products have been suspended and removed from the product list. Starting from April 21, 2026, users will gradually redeem their principal and accumulated earnings, which will be returned to their funding accounts. The redemption may need to be completed in batches.

Bitwise Asset Management announced that its launched Avalanche spot exchange-traded product Bitwise Avalanche ETP (BAVA) will be listed on the NYSE in 2026. This product aims to provide investors with exposure to AVAX and participate in staking through Bitwise's on-chain solutions division, aiming to maintain liquidity while achieving an average staking yield of approximately 5.4% from Avalanche to enhance overall returns.