Avalanche Launches $40M Retro9000 Grants to Empower Blockchain Devs on New Testnet

Avalanche’s $40M Retro9000 program incentivizes blockchain developers to build Layer 1 chains on its new testnet. Developers earn grants through community votes, promoting transparent and community-driven blockchain innovation. As predicted earlier by CNF, Avalanche (AVAX) might retract in October after unlocks. On September 26, the Avalanche Foundation announced a $40 million grant program aimed at…

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Avalanche Gets Boost as Citi Files Patent—Can This Drive AVAX?

Citi has filed a new patent detailing a system for facilitating a double-layer restriction subnet architecture related to the bank’s development on Avalanche. AVAX has been consolidating right below the key resistance level at $28, which analysts say indicates an impending bullish breakout. Citi, one of the world’s largest financial institutions, is expanding a project…

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Franklin Templeton Launches $1.53 Trillion Tokenized Fund on Avalanche—Will AVAX Prices Surge?

Franklin Templeton has launched its on-chain money market fund on the Avalanche network. The fund allows investors to use USDC stablecoin for investments and enables peer-to-peer share transfers. Franklin Templeton, a global investment firm managing $1.6 trillion in assets, has deepened its involvement in blockchain technology by extending its on-chain money market fund to the…

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Avalanche Revenue Down Over 40% In Q2

Este artículo también está disponible en español. Avalanche (AVAX) has had a terrible Q2 2024 by several standards, going by a significant decline in market capitalization coupled with low revenue generation. Related Reading Messari’s recent report indicated that AVAX faced a fierce correction after two quarters of growth on the trot. Market capitalization dipped by…

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Can Avalanche (AVAX) Reclaim $30? Top Analyst Predicts A Dip Before A Bounce

Este artículo también está disponible en español. Avalanche (AVAX) is currently trading at a crucial level after a 24% retrace that began last week. The crypto market is experiencing extreme fear and uncertainty, with most altcoins hovering near yearly lows. Analysts and investors closely monitor AVAX’s price action as the market remains volatile.  Related Reading…

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Top 2 Coins To Buy If You Like XRP And Cardano

The cryptocurrency world is ever-expanding and intriguing. The realm is constantly producing new coins that are establishing new milestones with each passing day. With XRP and Cardano showing extraordinary potential in their budding Web3 anatomy, here are the top two coins cryptocurrency fans must stash to secure long-term gains. Also Read: ASEAN Currencies Hit Global…

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763K Trades, $2.7B Volume Boost

Avalanche’s ecosystem saw a 23.5% trading volume increase in August, with ~53K traders active on the network. Trader Joe led the Avalanche ecosystem with ~$2 billion in traded volume and 27.9K active traders in August. In August, according to Flip Side, Avalanche had a significant increase in activity, with 763.7K deals across several decentralized exchanges…

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Discord Hacks Spread as Avalanche and ZkSync Servers Compromised

The official Avalanche account reported a hacked Discord server. The official ZkSync Discord was also infiltrated hours later of the Avalanche exploit. Less than two days after the hack of Polygon’s Discord, hackers have now impacted Layer 2 blockchain ZKsync’s and Layer-1 network Avalanche’s official servers. The official Avalanche account reported a hacked Discord server…

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Avalanche Discord Compromised—Fake Token Scammers Strike Again

Following the hack of the Polygon Discord server, Avalanche’s official X account (@avax) alerted the public that their Discord channel had also been breached. “SECURITY ALERT,” Avalanche announced. “The official Avalanche Discord has been compromised. Please do not interact with any accounts or click any links until further notice.” Just like the Polygon Discord breach…

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Avalanche Gains Momentum as $1.6T Investment Firm Expands Blockchain Presence—AVAX Surge Imminent

Franklin Templeton’s $1.6T asset expansion into Avalanche’s blockchain signals institutional confidence, boosting AVAX’s bullish momentum. The launch of AUSD on Avalanche strengthens the network’s ecosystem, increasing its attractiveness and potential for an AVAX price surge. Avalanche (AVAX) was one of the Top 7 Hottest Crypto Picks for 2024, as CNF previously highlighted. On Thursday, AVAX…

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4 Cryptocurrencies Set to Explode in 2024: BlockDAG (BDAG), Cardano (ADA), Avalanche (AVAX), and Tron (TRX) 

Cryptocurrencies are buzzing with potential, and 2024 is shaping up to be a thrilling year for those looking to ride the wave. As the market twists and turns, certain digital assets are emerging as frontrunners, thanks to their groundbreaking tech and eye-catching growth prospects. Whether you’re a seasoned crypto enthusiast or just dipping your toes…

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Franklin Templeton Expands Tokenized Money Market Fund to Avalanche Network

Franklin Templeton has extended its blockchain initiatives by launching its tokenized U.S. Government Money Fund on the Avalanche network. This move marks another expansion of the firm’s onchain financial products. Avalanche Adds Franklin Templeton’s Tokenized Money Fund to Its Blockchain Ecosystem Franklin Templeton, an investment firm with $1.6 trillion in assets under management, has integrated…

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AVAX rebounds 7% as Grayscale and Franklin Templeton join network

Avalanche’s AVAX token surged nearly 7% to around $25 following the announcement that major institutional firms — Grayscale and Franklin Templeton — were expanding their products to the blockchain network’s ecosystem. The price increase helped reverse the recent downtrend for AVAX, which has fallen 20% over the past month amid broader market stagnation. Despite the recovery,…

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CCIP Set for Mass Adoption with Enhanced Security and Simplified Transfers in Blockchain Communication

August 21, 2024 at 03:40 PM GST updated: August 21, 2024 at 03:06 PM 2 mins read News CCIP has launched Mainnet Early Access on Avalanche, Ethereum, Optimism, and Polygon. Key features include programmable and simplified token transfers with active risk management. CCIP’s potential for mass adoption is underscored by its integration with leading DeFi…

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These 5 Altcoins Could Make You a Millionaire by Year’s End

Five altcoins are gaining attention as 2024 ends, with Toncoin leading due to its ecosystem growth. Avalanche and Solana are attracting institutional interest and expanding through strategic partnerships. The crypto market is surging in 2024, and investors are keen to identify the next major opportunities. A few altcoins are emerging with remarkable profit potential, offering…

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Avalanche (AVAX) Consolidation Continues As Funding Rate Signals Possible Market Shift

Avalanche (AVAX) has needed help recovering its losses in this volatile crypto market. Compared to other Layer-1 (L1) blockchains, AVAX consolidation could have been faster, raising concerns about its future performance. Related Reading Despite this uncertainty, recent price action shows AVAX consolidation above the $19.80 support, trading at $22.11 when writing and creating a positive…

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