The bank plans to start conducting experiments in the second half of this year for a potential stablecoin launch in 2026.

Cryptocurrency prices have slumped this year leading to a $1 trillion wipeout of their market value. Bitcoin has crashed from the year-to-date high of $109,300 to $85,000, while the market cap of all coins has slumped from over $3.8 trillion to $2.7 trillion today.

TL;DR KOR Protocol will launch a blockchain on Avalanche to modernize the registration, management, and monetization of intellectual property. The infrastructure will allow creators to register their works on the blockchain, set permissions, and improve usage traceability.

Sumitomo Mitsui Financial Group, the parent company of Japan's second-largest bank, Sumitomo Mitsui Banking Corporation, plans to launch its own stablecoin.

Cryptocurrencies will likely be volatile this week once President Donald Trump's reciprocal tariffs go into effect and the U.S. publishes nonfarm payroll data. The week started on a dull note, with most coins remaining in a bear market.

The price of Avalanche (AVAX) has been fluctuating since the end of its downtrend on March 10.

The Nasdaq exchange filed a formal request with the U.S. Securities and Exchange Commission seeking permission to list and trade shares of Grayscale's spot Avalanche (AVAX) exchange-traded fund (ETF).

Digital asset management giant Grayscale hopes to launch an Avalanche (AVAX) exchange-traded fund (ETF) in the US. The Nasdaq Stock Market submitted a proposal this week to the U.S.

AVAX may be in line for more gains in the short term.

Nasdaq's filing for Grayscale's Avalanche (AVAX) ETF highlights growing institutional interest in altcoin investment products, signaling a shift toward broader crypto adoption and accessibility in traditional financial markets. The post Nasdaq Files 19b-4 for Grayscale Avalanche (AVAX) ETF Listing appeared first on Cryptonews.

The crypto market was volatile this week as investors tried to make sense of the current economic environment and risk tolerance of the market. Tariffs were announced for the auto industry, which a few weeks ago may have crushed the market, but overall the news was met with a bit of a shrug.

Nasdaq has submitted a 19b-4 filing to the US Securities and Exchange Commission (SEC), proposing to list a spot Avalanche ETF managed by Grayscale Investments. This filing underscores the surging interest in regulated crypto investment vehicles, extending beyond the realm of Bitcoin (BTC) and Ethereum (ETH).

Bitcoin (BTC) is moving farther away from the crucial $90,000 mark, indicating that buying dries up at higher levels. Market participants seem nervous about the fresh round of US trade tariffs and the renewed inflation pressure as US Personal Consumption Expenditures data came in hotter-than-expected.Traders are divided about Bitcoin's price trajectory in 2025.

Grayscale files for an Avalanche ETF with Nasdaq, aiming to offer regulated AVAX exposure. Despite the filing, AVAX price sees a correction.

Grayscale is the next issuer to file a 19b-4 form for an Avalanche (AVAX) ETF. The filing enters a 90-day review period with the SEC.

The application comes as issuers aim to launch funds tracking a range of altcoins.

TL;DR Gelato has integrated its blockchain-as-a-service on Avalanche to facilitate the deployment of sovereign networks for institutions. The solution reduces costs and deployment times with interoperability through Avalanche InterChain Messaging. Companies like Kraken, Animoca Brands, Fox News, and eBay have already used Gelato's technology for blockchain solutions.

Avalanche e Gelato have introduced a new solution blockchain-as-a-service designed for financial institutions, public entities, and companies that wish to create customizable, interoperable, and highly reliable blockchain networks. The system drastically simplifies the creation and management of new Layer-1 networks, serving as a strategic infrastructure to support the adoption of blockchain technology by institutional players.

The global electronic stock exchange and marketplace Nasdaq has submitted a proposal to the U.S. Securities and Exchange Commission (SEC) to list Grayscale Avalanche Trust (AVAX), a spot ETF tracking the Avalanche blockchain's native token, marking a pivotal step toward expanding crypto-based exchange-traded products (ETPs).

TL;DR Nasdaq requested SEC approval for an Avalanche (AVAX) ETF managed by Grayscale, converting its trust into a regulated investment product. VanEck also filed for an AVAX ETF, reflecting the growing institutional interest in regulated crypto investments.

Nasdaq has submitted an official request to the Securities and Exchange Commission (SEC) to list the Grayscale AVAX Trust as a spot ETF. The objective of the proposal is to transform the closed-end fund AVAX, active since August 2024, into an exchange-traded and fully regulated fund.

Grayscale Investments is moving forward with its efforts to introduce a spot Avalanche exchange-traded fund (ETF) product to the market. On March 27, Nasdaq applied to list and trade the Grayscale Avalanche Trust shares as an exchange-traded fund with the US Securities and Exchange Commission (SEC).

According to a recent analysis, the AVAX price is eyeing a rebound to as high as $44. This comes just as asset manager Grayscale files to offer an Avalanche ETF, which will list and trade on the Nasdaq exchange.

Nasdaq has filed a 19b-4 form with the U.S. Securities and Exchange Commission to list and trade shares of Grayscale's proposed spot Avalanche exchange-traded fund.

Blockchain developer platform Gelato is launching a new blockchain-as-a-service solution on Avalanche to meet the growing demand for sovereign blockchain infrastructure during a crucial “tipping point” for institutional adoption.Gelato, which previously developed blockchain solutions for companies such as Kraken and Animoca Brands, unveiled the new upgrade that aims to let developers deploy fully sovereign chains faster and cheaper with full interoperability via Avalanche InterChain Messaging (ICM). Gelato emphasized that its service is ideal for advanced applications such as financial technology (fintech) requiring identity verification (KYC) and specialized gaming economies, according to a March 28 announcement shared exclusively with Cointelegraph.

Grayscale follows VanEck in seeking the SEC's approval to launch an Avalanche ETF alongside a slew of recent crypto fund proposals.

If approved, the ETF would provide investors with a path to access AVAX through conventional brokerage accounts.

The approval could enhance mainstream adoption of crypto investments, offering diversified exposure and potentially stabilizing AVAX's market presence. The post Nasdaq seeks SEC approval to list Grayscale's spot Avalanche ETF appeared first on Crypto Briefing.

Avalanche (AVAX) has been one of the standout performers in recent weeks, surging more than 53% since March 11 as bulls attempt to kickstart a broader recovery rally. The strong rebound follows a brutal correction in which AVAX lost over 72% of its value since mid-December 2024, triggering widespread capitulation and fear across the market.

Wyoming has taken a major step forward in the race to become a blockchain policy leader in the United States. The state has officially begun testing its own government-backed stablecoin, the Wyoming Stable Token (WYST), across several major blockchain networks.

Bitcoin (BTC) bulls have maintained the pressure and are attempting to push the price above the $90,000 resistance. A positive sign in favor of the bulls is that the US spot Bitcoin exchange-traded funds have witnessed net inflows for eight successive trading days, according to SoSoValue data.

The Avalanche crypto ecosystem is buzzing with excitement as the AVAX price surges toward new heights. After hitting a low of $15.27 on March 11, 2025, the Avalanche cryptocurrency price has rebounded impressively, climbing over 35% in just two weeks.

Since its low on March 10th, AVAX has surged to $22.12, posting a 1.30% gain in the last 24 hours, fueling market optimism. The RSI is sitting in the overbought zone (77), while both the MACD and EWO indicate bullish momentum.

A few days ago, Backed Finance announced the launch of the tokens Coinbase Stock (bCOIN) and S&P 500 (bCSPX) on the Avalanche C-Chain network. Thanks to these tokens, eligible DeFi users will be able to gain on-chain exposure to both the S&P500 and Coinbase.

Made in USA cryptos are back in focus as several key tokens show fresh activity heading into the last week of March. Among them are PENGU, AVAX, Pi Network (PI), Official Trump (TRUMP), and RENDER, each drawing attention for different reasons.

Avalanche's AVAX climbed 12% in the last 24 hours, with a 185% spike in daily trading volumes to nearly $400 million.

With Bitcoin (BTC) surging in price on Monday, the rest of the crypto market is also beginning to stir. Solana (SOL), Render (RENDER), and Avalanche (AVAX) are among the leaders of the crypto pack.

​In the developing blockchain world, where emerging innovations face challenges in funding and development, Scytale Digital aims to reshape the future of decentralized technology by launching the Scytale Fund to support the Polkadot ecosystem.​

SOL, LINK, and SUI are the other notable gainers today.

Bitcoin (BTC) bulls are trying to make a comeback by maintaining the price above the 200-day simple moving average ($84,899) over the weekend. Bitget Research chief analyst Ryan Lee told Cointelegraph that Bitcoin needs to close above $85,000 this week to signal strength and “prevent a drop to $76,000.

AVAX traders are cautious right now, but might that change soon?

The price of Avalanche (AVAX) has rallied from its low of $15.00 on Feb. 3 to its low on March 10 before rebounding.

DOT's JAM upgrade has sparked renewed optimism, boosting scalability and efficiency. As DOT's price surges, investors watch key resistance levels to gauge its next move.

Bitcoin and crypto tokens dropped after a disappointing speech by Donald Trump at a closely-watched summit. They have also pulled back after the FOMC decision and ahead of the upcoming triple-witching event in the US.

The U.S. Securities and Exchange Commission has officially acknowledged Nasdaq's filing for 21Shares' Polkadot exchange-traded fund, marking a key step in the approval process. The SEC has confirmed 21Shares Polkadot (DOT) ETF filing by Nasdaq, dated March 20.

Cryptocurrency prices remain under pressure this month as the crypto fear and greed index moved to the fear zone and Bitcoin imploded to the bear market. They also dropped as concerns about the impact of Donald Trump's tariffs on the US economy.

Polkadot (DOT) was also an underperformer, declining 3.7%.

Cryptocurrencies have been volatile lately.