Avalanche news

Bitcoin’s recent decline has weighed on the crypto market, pulling altcoins into a sluggish week. Amid the broader weakness, several U.S.-originated tokens have attracted attention as traders search for opportunities. Zebec Network (ZBCN) surged 23% in 24 hours, with trading volume up 136% to $33.38 million. The rally could push the token toward $0.005028, but a loss of momentum may pull it back to $0.0041. Meme coin Bertram The Pomeranian (BERT) gained 7% over the week, its RSI climbing to 52.92, suggesting buying strength and a possible rise to $0.0757—or a dip to $0.0651 if demand stalls. Avalanche (AVAX) climbed 10% yesterday, with positive Elder‑Ray readings that could drive it above $35 or pull it near $30.23.

AVAX rallied 10% to above $33, rising 21.5% from its low amid a crypto sell‑off. The move follows Avalanche Foundation’s plan to raise $1 billion through US crypto treasuries that will buy discounted AVAX, plus new institutional products like Vitune’s ETP, VanEck’s ETF filing and Grayscale’s trust conversion. Octane upgrade slashed C‑Chain fees by 98%, lifting daily transactions to 1.4 million in Q2 and peaking at 2.22 million on Aug. 31. TVL doubled to $2.23 billion. A rounded‑bottom chart suggests a short‑term target of $55 and a longer‑term goal of $212, though RSI nears overbought.

A World Liberty Financial adviser opened a $2.2 million long position on Avalanche’s AVAX token using 10‑fold leverage, following AgriFORCE Growing Systems’ announcement of a $550 million AVAX corporate treasury that will grow to $700 million. The position, entered at $33.88, would liquidate if AVAX falls below $15.50. The move follows a 10.8 % rise in AVAX after the treasury news, with the token trading near $34.45. Despite corporate enthusiasm, AVAX remains 76 % below its all‑time high. Other whales, Grayscale, and the Avalanche Foundation also signaled expanding interest.

Altcoins Mantle and Avalanche are the only tokens in the top‑100 to post double‑digit gains this week, as the market stays flat. Mantle rose 12.1% to a $5.9 billion market cap after a partnership with Bybit, while Avalanche jumped 10.7% to $14.5 billion, boosted by a $550 million purchase from a rebranded mining firm and record trading volumes. Aster, a new Binance Smart Chain perpetual‑futures exchange, gained 7% to a $2.8 billion cap as its TVL leapt from $378 million to $1.46 billion; Bitcoin and Ethereum traded flat.

Anthony Scaramucci, former White House communications director and SkyBridge Capital founder, invested in Avalanche, praising it as a versatile Layer‑1 platform and citing enterprise use cases. He highlighted adoption by BlackRock, Visa, and others, and reaffirmed a bullish outlook on Bitcoin. Avalanche’s subnet feature lets firms create custom blockchains for tokenized assets, and the platform plans to raise $1 billion via U.S. treasury vehicles, with $500 m from Hivemind Capital and $500 m from a Dragonfly‑backed SPAC. As of Sept 23, AVAX traded $33.18, up 3.7 % on the day.

Shares of AgriFORCE Growing Systems rose more than 200% at Monday open after announcing a pivot to an AVAX digital asset treasury model while rebranding as AVAX One. The company plans to raise $550 million, targeting over $700 million in AVAX tokens, through a $300 million private equity deal and an additional $250 million via equity-linked instruments. Hivemind Capital leads the round with more than 50 backers such as ParaFi, Galaxy Digital, Kraken, and FalconX, and the advisory board includes crypto investor Anthony Scaramucci and Coinbase Institutional head Brett Tejpaul. Zhang of Hivemind noted that staking, which yields a 6.7% annual return, will generate approximately $46.9 million annually, making the treasury business profitable from day one. The announcement follows a surge in AVAX’s popularity, highlighted by record transaction growth, ETF filings, and a U.S. Commerce Department move to publish GDP data on blockchains, positioning the token at roughly $31.76 today.

AgriFORCE Growing Systems announced it will rebrand as AVAX One and launch a $550 million capital‑raising program. The company will become the first NASDAQ‑listed entity devoted to the Avalanche blockchain and intends to accumulate more than $700 million of its native AVAX token. Its strategy begins with disciplined AVAX accumulation and later targets acquisitions of fintech firms to migrate them to Avalanche. The raise will comprise a $300 million private placement in public equity, contingent on shareholder approval, along with up to $250 million of additional equity‑linked financing. Over 50 institutional investors—including Galaxy Digital, Kraken, ParaFi and Digital Currency Group—have joined the effort. Advisors from SkyBridge Capital and Coinbase Institutional are guiding the initiative, which the company frames as “the Berkshire Hathaway of the onchain economy.”

AgriFORCE Growing Systems announced that it will rename itself AVAX One and pursue a $550 million fund‑raising program to buy and hold the Avalanche token AVAX, creating the first Nasdaq‑listed firm to commit to a blockchain treasury. The company will raise $300 million through a PIPE led by HiveMind Capital and plans an additional $250 million via equity‑linked instruments, with participation from over 50 investors including ParaFi, Galaxy Digital, Digital Currency Group and Kraken. HiveMind founder Matt Zhang will serve as chairman of the board, while the advisory board now includes Anthony Scaramucci and Coinbase Institutional head Brett Tejpaul. The announcement sent AgriFORCE’s shares soaring more than 200 percent, trading around $6.64, while AVAX fell about 4.5 % on the day but remains up roughly 9 % for the week. AgriFORCE’s stated goal is to own more than $700 million of AVAX, though it has not confirmed whether it will continue Bitcoin mining operations.

PayPal has expanded its PayPal USD (PYUSD) stablecoin to eight blockchains via LayerZero’s Stargate Hydra, creating a permissionless, fungible PYUSD0 for cross‑chain use. New links include Tron, Avalanche, Aptos, and upgrades to PYUSD0 on Berachain and Flow, while a separate rollout added PYUSD to Stellar. LayerZero will mint, burn and deploy PYUSD0, with Stargate Hydra handling transfers, building on PayPal’s support for Ethereum, Solana, Arbitrum and Stellar to boost cross‑chain use. The expansion follows forecasts that the stablecoin market could grow from $295 billion in 2023 to $2 trillion by 2028, buoyed by the GENIUS Act. Despite this, PYUSD sits 11th with a $1.3 billion cap, far below Tether and USDC, and USDT runs on 12 chains.

PayPal is expanding its USD‑stablecoin, PYUSD, to eight new blockchains—Tron, Avalanche, Aptos, Abstract, Ink, Sei, Stable, and Stellar—via a LayerZero Stargate Hydra bridge, creating a permissionless and fully fungible variant called PYUSD0. The integration will allow users to mint, burn and transfer PYUSD0 across chains, while Stargate Hydra handles cross‑chain transfers and LayerZero manages smart‑contract deployment. Existing permissionless versions on Berachain (BBYUSD) and Flow (USDF) are being upgraded to PYUSD0, consolidating PayPal’s presence on more networks. Despite this expansion, PYUSD remains far behind dominant stablecoins, ranking 11th in market cap at about $1.3 billion, compared to Tether’s $171 billion and USDC’s $74 billion. The move follows a projected growth of the stablecoin market to $2 trillion by 2028 and a favorable regulatory backdrop under the U.S. GENIUS Act, signalling broader adoption and cross‑border utility.