Latest news with #AVAX
Yahoo
30-07-2025
- Business
- Yahoo
CoinDesk 20 Performance Update: Bitcoin and Ethereum Trade Flat as Index Declines
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 3924.15, down 1.1% (-42.13) since 4 p.m. ET on Tuesday. One of 20 assets are trading higher. Leaders: BTC (+0.0%) and ETH (-0.1%).Laggards: AVAX (-3.7%) and FIL (-3.5%). The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally. Sign in to access your portfolio
Yahoo
28-07-2025
- Business
- Yahoo
CoinDesk 20 Performance Update: Avalanche (AVAX) Surges 16.2% as All Assets Rise
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 4105.18, up 5.0% (+194.55) since 4 p.m. ET on Friday. All 20 assets are trading higher. Leaders: AVAX (+16.2%) and HBAR (+11.9%).Laggards: LTC (+1.8%) and BTC (+1.8%). The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
25-07-2025
- Business
- Yahoo
Public Shell Firms Ramping Up Altcoin Buys Draws Skepticism: FT
A number of public companies may be about to build hoards of altcoins in an attempt to pump their share prices. Such companies are attempting to replicate the model mastered by Michael Saylor's Strategy (MSTR) which has now accumulated 2.9% of all the bitcoin (BTC) that will ever exist. Since it embarked on its BTC treasury strategy in 2020, MSTR share price has increased by over 3,000%. The bitcoin treasury strategy has been copied by a string of different companies and in recent months there has been several doing something similar with ether. However, the possibility of this model being used with other altcoins (a general term for any cryptocurrency that isn't bitcoin) has been met with skepticism by some commentators, the Financial Times reported on Friday. Blockchain platform Avalanche is exploring the possibility of selling a batch of its AVAX token to a publicly-listed shell company, which it would then use to earn yield and attract an investor base, according to the report, citing people familiar with the matter. Canadian investment group RSV Capital is looking to raise $200 million of equity using a shell company that will be deployed to buy TON, the FT's reported. This method does appear to have brought some short-term gains where it has been tried. Charlie Lee, co-founder of litecoin, invested $100 million into MEI Pharma (MEIP) for the company to buy LTC on July 18. MEIP shares jumped 17% following the announcement before falling back and are around 4.9% higher in the last week, as of writing. However, such a business plan will not yield any long-term benefits, according to Eric Benoist, tech and data research specialist at Natixis CIB, who described it as "hugely speculative." "That's not going to save them for a very long time," he said. "At the end of the day they'll be worth whatever [crypto] they have on the balance sheet and that's it." Geoff Kendrick, Standard Chartered's global head of digital assets, described a move into smaller altcoin treasuries as a "a flash in the pan." He added that if the prices of the token collapsed, the companies would "have pain in either equity holder or bondholders."
Yahoo
24-07-2025
- Business
- Yahoo
Fartcoin Jumps to Top 10 Based on Derivatives Open Interest, Signals Speculative Frenzy in the Solana-Based Memecoin
Need evidence of speculator fervor. Look no further than Coinglass' crypto derivatives leaderboard, which shows that fartcoin (FARTCOIN), the Solana-based memecoin, is now the 10th largest token based on derivatives open interest. As of writing, notional open interest in futures tied to fartcoin totaled over $1 billion, placing the joke cryptocurrency ahead of well-established coins, such as Litecoin (LTC), Chainlink's LINK (LINK), Avalanche's AVAX (AVAX), and several others. The other tokens play pivotal roles in decentralized finance (DeFi), blockchain oracles and payments. Notional open interest refers to the dollar value locked in the number of open or active derivative contracts at a given time. What's more alarming is that fartcoin's open interest now equals 65% of its market capitalization of $1.62 billion. By market value, fartcoin ranks 83rd in the world. Meanwhile, the $84.7 billion open interest in bitcoin derivatives amounts to just 3.5% of the leading cryptocurrency's market value of $2.36 trillion. Fartcoin's unusually high open interest relative to its market cap indicates a buildup of speculative excesses typically seen during the crypto market bull runs, which drives retail investors to take significant risks in cheaper tokens. A similar trend is seen in other smaller coins, according to data tracked by Alphractal. "From the Top 300 down, Open Interest becomes disproportionately high compared to Market Cap — a strong risk signal. What does this mean? These altcoins will eventually liquidate 90% of traders, whether they're long or short. They are also much harder to analyze with consistency," founder and CEO of Alphractal, noted on lors de la récupération des données Connectez-vous pour accéder à votre portefeuille Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données
Yahoo
21-07-2025
- Business
- Yahoo
Avalanche's AVAX ‘Breakout Finally Happened' After 30% Monthly Price Jump
Avalanche's AVAX token rallied 30% in the past month, showing strong momentum and outperforming bitcoin (BTC), which rose around 13.4% over the same period. In the last 24-hour period, AVAX's price dipped around 0.5% to $23.63, but moving the timeline to 30 days shows a major 30.3% rise, slightly outperforming the wider crypto market as measured by the CoinDesk 20 (CD20) index, which rose 30.1%. During the rise, AVAX's volatility was accompanied by above-average volume, according to CoinDesk Research's technical analysis model. This kind of price action, where buyers step in quickly at key levels, suggests a growing confidence among traders. The token has recently exited a multi-month descending channel, a technical pattern many traders interpret as a bullish reversal. Some market analysts, including OKX-partnered trader Ted Pillows, have floated $32 to $35 as a possible short-term target, citing improved sentiment and chart structure. Per Pillows, the 'AVAX breakout has finally happened.' AVAX's steady climb also comes amid a broader rebound in decentralized finance (DeFi) activity. Total value locked on its protocols, measured in AVAX, has risen from 37 million tokens in early 2025 to around 76.4 million, according to DeFiLlama data. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
