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avax

AVAX is the native token of the Avalanche blockchain platform, developed by Ava Labs. Avalanche is a high-performance, scalable blockchain platform that supports smart contracts and decentralized applications. The AVAX token is used to pay transaction fees, participate in network governance, and serve as a staking asset to ensure network security. Avalanche has gained widespread attention in decentralized finance (DeFi) and enterprise-level applications due to its fast transaction confirmation times and strong scalability.
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first_img The New York Stock Exchange selected Avalanche to build a tokenized securities platform, experts say the value capture of AVAX remains to be observed

This week, the New York Stock Exchange chose Avalanche to provide infrastructure for its upcoming tokenized securities platform. On Monday, Ava Labs announced that Avalanche will serve as the "core ledger technology" for the tokenized securities platform being developed by the NYSE's parent company, Intercontinental Exchange. The product is designed to support 24/7 trading, clearing, and settlement of tokenized securities, pending regulatory approval.Market maker GSR research analyst Carlos Guzman stated that this is a "significant victory for the project," as the NYSE's choice of its technology for settlement greatly enhances institutional credibility and validates the value that blockchain technology brings to traditional financial infrastructure through instant settlement and programmability. Luther Maday, North America head of crypto payment company Mercuryo, mentioned that this decision was made after approximately a year of testing on Avalanche, indicating that the network has passed tests for performance, reliability, and control.Experts also remind that providing infrastructure does not necessarily mean the long-term value of the AVAX token will rise. Guzman pointed out that while the NYSE will use Avalanche infrastructure for clearing and settlement, actual transactions will still occur off-chain, with related activities running on dedicated infrastructure rather than the public C-Chain that carries most of the network's activities. Misha Putiatin, founder of Symbiotic, stated that the main challenge for Avalanche is whether it can achieve "value capture" that is difficult for other blockchains. According to Decrypt data, AVAX rose 3.6% in the past 24 hours to $8.64.

Bitdeer produced 1,190 BTC in July with a hash rate exceeding 81 EH/s, and AVAT disclosed holding 15.3 million AVAX

According to BBX data, yesterday global publicly listed companies in the U.S. stock market disclosed the latest official ledgers on cryptocurrency asset mining operations, ecological treasury financial reports, and on-chain data infrastructure. The core updates are as follows:Bitdeer (NASDAQ: $BTDR) July production surged 322% year-on-year, total exclusive computing power reached 81.7 EH/s: Nasdaq-listed Bitcoin mining company and AI infrastructure company Bitdeer released its production and operation update for July 2026. In terms of mining, the company mined a total of 1,190 Bitcoins that month (a year-on-year increase of 322%). In terms of computing power scale, self-operated computing power reached approximately 76.7 EH/s, other exclusive computing power 5.0 EH/s, and joint mining computing power 18.7 EH/s, totaling an exclusive computing power of 81.7 EH/s. As of the end of July, the company's balance sheet held a total of 257 Bitcoins (excluding customer deposits).Avalanche Treasury Company AVAT (NASDAQ: $AVAT) holds 15.3 million AVAX, plans to repurchase $10 million in stock: Avalanche ecological cryptocurrency treasury company Avalanche Treasury Company released its financial report for the second quarter of 2026. The company reported a net loss of $44.7 million for the quarter (loss per share of $1.54), of which approximately $35.7 million (about 80%) was a non-cash accounting loss due to changes in the market value of AVAX holdings, and approximately $15.2 million was a one-time cost incurred from business mergers, with core administrative expenses of about $3.5 million. The company's board has approved a $10 million repurchase plan for Class A common stock. As of June 30, the company held approximately 15.3 million AVAX (book value of about $100 million), with net staking income of about $1.5 million for the second quarter (cumulative approximately $3.6 million for the first half of the year).Solana Treasury Company DFDV (NASDAQ: $DFDV) launches State of Solana data dashboard: Nasdaq-listed SOL treasury company DeFi Development Corp announced the launch of the public real-time data research platform State of Solana. This platform integrates Solana's market price, network performance, staking rate, validator distribution, on-chain revenue, and ecological indicators into a unified dashboard, aiming to provide investors with a comprehensive fundamental perspective beyond price fluctuations, and will continue to expand the dataset and visualization analysis tools in the future.

Avalanche Treasury fell 16% on its first day of trading, putting pressure on the concept of crypto asset vaults

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.
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