The World Liberty Financial adviser, Ogle, bet on a rising AVAX price following AgriFORCE’s $550 million Avalanche treasury pivot announcement. Large cryptocurrency investors and a major crypto project adviser have bet millions on price appreciation of the Avalanche smart contract blockchain’s native utility token following the latest corporate treasury announcement and Avalanche exchange-traded fund (ETF) filings. Popular crypto sleuth and World Liberty Financial (WLFI) adviser, Ogle, opened a $2.2 million long position with 10x leverage, betting on the Avalanche (AVAX) token’s price increase. The position was opened at an entry price of $33.88 and faces liquidation if the AVAX token falls below $15.50, according to blockchain data platform Lookonchain. Read more
Can stablecoins disrupt Visa and Mastercard? Explore how blockchain payments may capture billions in fees from US credit card networks. Stablecoins reduce settlement time, cross-border costs and enable programmable rewards. They outpace traditional credit card systems. US merchants pay over $100 billion in card fees yearly. In comparison, stablecoins offer much cheaper, faster payments. Ripple’s RLUSD, Gemini’s XRP Card and Moca’s Air Shop show stablecoins moving into mainstream commerce. Read more
Forward Industries plans to tokenize its shares and allow users to utilize them as collateral within Solana’s DeFi lending ecosystem. Forward Industries, the Nasdaq-listed company holding the largest corporate Solana treasury, wants to bring its own equity to the blockchain. On Monday, the company announced a partnership with fintech firm Superstate to tokenize Forward Industries (FORD) stock on Solana through Superstate’s Opening Bell, a regulated onchain issuance platform that lets public companies tokenize equity on Solana. If the plan moves forward, shareholders will be able to bridge their common stock between brokerage accounts and Solana, potentially unlocking 24/7 trading, near-instant settlement and new pools of global liquidity. Read more