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AVAX
Sam Bankman-Fried Trial Kicks off With Opening Arguments; Why is AVAX Climbing?
"CoinDesk Daily" host Jennifer Sanasie breaks down the hottest crypto headlines today, including the latest legal developments with FTX founder Sam Bankman-Fried's criminal trial. A founder of bankrupt crypto hedge fund Three Arrows Capital is under arrest, according to the New York Times. And, a closer look at why Avalanche's AVAX is rallying.
Bitcoin Briefly Breaks Above $28K Amid Lackluster Ether Futures ETF Debut
Bitcoin (BTC)'s price briefly climbed above $28,000 as ether (ETH) is stabilizing from a multi day drop, and Avalanche's AVAX is climbing. Innovating Capital General Partner Anthony Georgiades discusses his crypto markets analysis and the potential impact of a spot bitcoin ETF approval in the U.S.
AVAX Falls After Self-Described Whistleblower Alleges Avalanche Weaponized Litigation Against Rivals
AVAX token dropped to its lowest level since July 13 on Monday after self-described "whistleblower" website Crypto Leaks accused Ava Labs, the company behind its parent smart-contract blockchain Avalanche, of paying lawyers to hurt competitors and keep regulators at bay. Emin Gün Sirer, Ava Labs founder and CEO, dismissed the piece as "conspiracy theory nonsense."
Avalanche Submits Subnet Proposal for ApeCoin DAO’s Metaverse Migration
Avalanche (AVAX) developers have asked the ApeCoin (APE) community to consider building out the Bored Ape Yacht Club (BAYC) metaverse as an Avalanche subnet. This comes weeks after the BAYC metaverse Otherside faced issues on Ethereum. "The Hash" squad discuss the pros and cons of the Ethereum mainnet and why this is a continuing story to watch.
Avalanche Says Luna Foundation Guard Has ‘No Plans' for AVAX Tokens
Smart-contract blockchain Avalanche said in a tweet that Luna Foundation Guard (LFG), the entity behind Terra blockchain's failed UST stablecoin, has “disclosed no plans” for the 2 million AVAX tokens currently sitting in its treasury. "The Hash" hosts discusses the "collaboration gone wrong" and why this is a developing story to watch.
Bitcoin Breaks $43K Despite Powell's Call for New Regulations on Crypto
Marc Lopresti, The Strategic Funds' managing director, discusses the recent upswing in the crypto markets amid Fed Chair Jerome Powell’s statements on a digital dollar and Terra Luna’s purchase of $125 million worth of bitcoin. Plus, a conversation about investor interest in various altcoins like Solana, AVAX, and ether, and traditional finance’s ongoing effort to enter the DeFi space.
Ava Labs Founder & CEO on Rapid Growth and Future Ambitions
Emin Gun Sirer explains why the Avalanche network has seen sizable growth in token value and active wallets, attributing it the merits of their technology such as high transaction speed. Gun Sirer also shares plans for the network’s future expansion, exploring potential use cases for subnets.
Bank of America: Avalanche’s Scaling Capability Offers Viable Alternative to Ethereum
In its latest research report, Bank of America said smart contract platform Avalanche's ability to scale while remaining secure and decentralized makes it a credible alternative to Ethereum for DeFi projects, NFTs, gaming, and other assets. This comes as Avalanche's AVAX token is now the 12th largest by market value. "The Hash" hosts discuss the outlook for Avalanche and whether it could be the next Wall Street chain.
Bitcoin Eyes 200-Day Moving Average Support as $2B Options Expiration Nears
Bitcoin is again experiencing moderate price turbulence while heading into the monthly options expiration. CoinDesk's Damanick Dantes discusses his assessment and outlook for bitcoin as the cryptocurrency has reversed Wednesday’s gains and exposed the widely tracked 200-day moving average (MA) line located at $46,040. Plus, his take on the explosive growth of altcoins, including Cardano (ADA) and Avalanche platform's AVAX token.