AVA WEEKLY UPDATE (16 May–22 May)
Welcome to this week’s $AVA and market update!
MARKET UPDATE
The top stories from the broader market:
💸 Bitcoin Reaches All-time High: $BTC peaked just shy of $112,000 this week, surpassing the previous high of $109,000 set in January. This surge represents an increase of over 25% in the last 30 days alone, with continued institutional investment, Bitcoin ETF inflows, and positive legal developments all contributing to its strong performance.
⚖️ GENIUS Act Advances: The US Senate voted 66-32 to advance the GENIUS Act to a Senate debate. The act would require stablecoins to be backed 1:1 by USD or other liquid assets, with annual audits for large issuers that have market capitalizations greater than $50 billion.
✍️ $XRP, $SOL & $DOGE ETFs Delayed: The SEC delayed its decision on XRP, SOL, and DOGE ETF applications filed by multiple companies this week amid deliberations on whether the proposals meet regulatory standards. Experts say that a delayed decision was expected, with a decision likely to be reached in Q4 this year.
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KEY UPDATES
In this week’s round-up of $AVA news:
🖥 Website Expansion: The AVA Foundation website has been expanded with new pages and information!
💻 Job Opening: We’re hiring a new Lead Growth Contributor to join the team!
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WEEKLY METRICS
Below are the key $AVA metrics from the last 7 days:
💼 Total AVA holders (Travala + on-chain): 40,570 (+0.30%)
🤝 Total AVA Smart Program members: 64,530 (+1.19%)
🔒 Total AVA locked in the AVA Smart Program: 9,346,550 (+0.30%)
💰 AVA givebacks last 7 days: 28,713 AVA worth $17,900 (+9.03%)
🛍 Total saved via Smart discounts last 7 days: $10,383 (+67.90%)
✈️ Number of room nights & flights booked with AVA last 7 days: 177 (+80.61%)
💱 Dollar value of AVA travel bookings last 7 days: $57,299 (+81.06%)
For full links, see here 👇
https://t.co/jNf86HpRzK