Archive for the 'News' Category

Weekly AVA Update (22 Aug ’25)

Aug 22 2025 Published by under News

Welcome to this week’s AVA update! This update covers news from 15 August-21 August 2025.

AVA Updates

In this week’s round-up of AVA news:

🏆 Bonus Task Winners: Congratulations to the 3 winners of the bonus Contributor Tasks! 3x $100 Travel Credit prizes have been distributed. View winners

💵 Binance Earn: Enjoy up to 6% APR with AVA Flexible Products on Binance Earn. More info

Weekly AVA Metrics

Below are the key $AVA metrics from the last 7 days:

💼 Total AVA holders (Travala + on-chain): 41,830 (+0.24%)

🤝 Total AVA Smart Program members: 76,967 (+1.58%)

🔒 Total AVA locked in the AVA Smart Program: 9,520,800 (+0.18%)

💰 AVA givebacks last 7 days: 42,587 AVA worth $24,236 (+6.90%)

🛍 Total saved via Smart discounts last 7 days: $6,956 (-24.04%)

✈️ Number of room nights & flights booked with AVA last 7 days: 214 (-8.55%)

💱 Dollar (USD) value of AVA travel bookings last 7 days: $46,284 (-54.88%)

 

Tune in next week for the latest news!

AVA Foundation

 

The information provided in this article is for general informational purposes only and is not intended to be, nor should it be construed as, financial, investment, trading, legal, or tax advice. Nothing contained herein constitutes an offer to buy, sell, or hold any cryptocurrency or asset, nor does it recommend any specific investment strategy or financial instrument.

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Weekly AVA Update (15 Aug ’25)

Aug 15 2025 Published by under News

Welcome to this week’s AVA update! This update covers news from 7 August-14 August 2025.

AVA Updates

In this week’s round-up of AVA news:

📈 AVA Bookings Soar: Trips payed with AVA on Travala soared this week, surpassing $100,000 in the last 7 days—an increase of over 230%! Book with AVA

🏝 Travel Drop: Congratulations to Travel Tiger #512 on winning the latest travel drop package! The winner and one guest will enjoy a luxury 5-night stay at Fairmont Chateau Lake Louise, Canada! View post

💵 Binance Earn: Enjoy up to 6% APR with AVA Flexible Products on Binance Earn. More info

Weekly AVA Metrics

Below are the key $AVA metrics from the last 7 days:

💼 Total AVA holders (Travala + on-chain): 41,728 (+0.27%)

🤝 Total AVA Smart Program members: 75,770 (+1.56%)

🔒 Total AVA locked in the AVA Smart Program: 9,503,550 (+0.06%)

💰 AVA givebacks last 7 days: 37,571 AVA worth $22,671 (+4.36%)

🛍 Total saved via Smart discounts last 7 days: $9,158 (-0.06%)

✈️ Number of room nights & flights booked with AVA last 7 days: 234 (+36.05%)

💱 Dollar (USD) value of AVA travel bookings last 7 days: $102,590 (+232.64%)

 

Tune in next week for the latest news!

AVA Foundation

 

The information provided in this article is for general informational purposes only and is not intended to be, nor should it be construed as, financial, investment, trading, legal, or tax advice. Nothing contained herein constitutes an offer to buy, sell, or hold any cryptocurrency or asset, nor does it recommend any specific investment strategy or financial instrument.

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Weekly AVA Update (8 Aug ’25)

Aug 08 2025 Published by under News

Welcome to this week’s AVA update! This update covers news from 1 August-7 August 2025.

AVA Updates

In this week’s round-up of AVA news:

🎁 Claim Bonuses: The Claim Period for the AVA Smart Bonus & Ambassador Bonus is OPEN until 12 August. Claim now

🏦 Monthly Buyback: 153,248 AVA was repurchased as part of the July 2025 Buyback. View transaction

🏝 Travel Drop: We’re sending a lucky Diamond member on a 5-night luxury trip to the Fairmont Chateau Lake Louise in Canada! The prize will be drawn on 13 August. See package

💵 Binance Earn: Enjoy up to 6% APR with AVA Flexible Products on Binance Earn. More info

Weekly AVA Metrics

Below are the key $AVA metrics from the last 7 days:

💼 Total AVA holders (Travala + on-chain): 41,617 (+0.22%)

🤝 Total AVA Smart Program members: 74,607 (+1.12%)

🔒 Total AVA locked in the AVA Smart Program: 9,497,550 (+0.03%)

💰 AVA givebacks last 7 days: 40,088 AVA worth $21,724 (+7.14%)

🛍 Total saved via Smart discounts last 7 days: $9,164 (-26.30%)

✈️ Number of room nights & flights booked with AVA last 7 days: 172 (-24.89%)

💱 Dollar (USD) value of AVA travel bookings last 7 days: $30,841 (-55.23%)

 

Tune in next week for the latest news!

AVA Foundation

 

The information provided in this article is for general informational purposes only and is not intended to be, nor should it be construed as, financial, investment, trading, legal, or tax advice. Nothing contained herein constitutes an offer to buy, sell, or hold any cryptocurrency or asset, nor does it recommend any specific investment strategy or financial instrument.

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AVA Monthly Update: July 2025

Aug 05 2025 Published by under News

Welcome to the new AVA monthly update for July!

Read on for the key news across the AVA ecosystem in the past month.

Key Events

🎁 Claim Bonuses: The Claim Period for the AVA Smart Bonus & Ambassador Bonus is OPEN until 12 August. Claim now!

🤝 New Contributor: We welcomed Chester Szeen as the new Lead Growth Contributor at the AVA Foundation! Read more

🏦 Monthly Buyback: 153,248 AVA was repurchased as part of the July 2025 Buyback. View transaction

🏝 Travel Drop: Announced the upcoming 14th Travel Drop for Diamond members to Canada! See package

Development Progress

AVA Membership Trial

Design complete, frontend and backend in development.

■■■■■■□□□□

🫴 AVA+ Rewards

Smart contract, frontend and backend development in progress.

■■■■□□□□□□

🛍 AVA Deals

Logic and design in progress.

■■□□□□□□□□

ICYMI

📈 AVA Bookings: +50% MoM increase in travel bookings paid with $AVA directly from Travala account wallets, the highest in 6 months. View post

🎉 Member Milestone: We reached 70,000 Smart members in July! View post

📊 Q2 Report: The Q2 2025 report containing Travala updates and AVA Smart Program stats was published. View report

July Stats

💰 Givebacks: $131K ($89K AVA | $22K BTC | $20K TCs)

🛍 Member Discounts: $34K

🤝 Smart Members: $73.9K (+187% YoY)

🔒 AVA Locked: 9.49M (13.78% of circulating supply)

🐯 NFT Volume: $122K

🏦 AVA Buybacks: 153K AVA

 

🔗 View more AVA stats in Travala’s July Update

 

Tune in next month for the monthly update!

AVA Foundation

 

The information provided in this article is for general informational purposes only and is not intended to be, nor should it be construed as, financial, investment, trading, legal, or tax advice. Nothing contained herein constitutes an offer to buy, sell, or hold any cryptocurrency or asset, nor does it recommend any specific investment strategy or financial instrument.

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Weekly AVA & Crypto Market Update (1 Aug ’25)

Aug 01 2025 Published by under News

Welcome to this week’s AVA and crypto market update! This update covers news from 25 July-31 July 2025.

Crypto Market Update

The top stories from the broader market:

🛒 PayPal Launches ‘Pay with Crypto’: PayPal’s new Pay with Crypto product will allow 30 million US merchants to accept 100+ cryptocurrencies and instantly receive USD. The introductory transaction rate of 0.99% reduces transaction costs by up to 90% in comparison to international fees, with the option to settle in PYUSD and grow funds by 4% annually when held in PayPal.

⚖️ SEC Permits New ETP Rules: The SEC announced the approval of in-kind creations and redemptions of crypto exchange-traded products (ETP) on Wednesday. This allows investors who invest in approved crypto ETFs to redeem their shares for the underlying asset (such as BTC or ETH) instead of cash, while the ETPs themselves can now also be created with crypto. This increases efficiency, reduces selling pressure on the market, and may help reduce transaction costs.

✍️ White House Releases Crypto Report: A 168-page report containing recommendations for establishing a regulatory framework for crypto was released by the White House this week. The report, part of President Trump’s Executive Order issued in January, made recommendations related to banking, payments, stablecoins, compliance, and taxes to encourage regulation that boosts confidence across the board and embraces innovation.

AVA Updates

In this week’s round-up of AVA news:

🎁 Claim Bonuses: The Claim Period for the AVA Smart Bonus & Ambassador Bonus is OPEN until 12 August. Claim now!

🏝 Travel Drop: We’re sending a lucky Diamond member on a 5-night luxury trip to the Fairmont Chateau Lake Louise in Canada! The prize will be drawn on 13 August. See package

💵 Binance Earn: Enjoy up to 6% APR with AVA Flexible Products on Binance Earn. More info

Weekly AVA Metrics

Below are the key $AVA metrics from the last 7 days:

💼 Total AVA holders (Travala + on-chain): 41,524 (+0.29%)

🤝 Total AVA Smart Program members: 73,782 (+1.29%)

🔒 Total AVA locked in the AVA Smart Program: 9,494,300 (-0.17%)

💰 AVA givebacks last 7 days: 34,102 AVA worth $20,277 (-18.14%)

🛍 Total saved via Smart discounts last 7 days: $12,434 (+138.11%)

✈️ Number of room nights & flights booked with AVA last 7 days: 229 (+13.93%)

💱 Dollar (USD) value of AVA travel bookings last 7 days: $68,893 (-9.30%)

 

Tune in next week for the latest news!

AVA Foundation

 

The information provided in this article is for general informational purposes only and is not intended to be, nor should it be construed as, financial, investment, trading, legal, or tax advice. Nothing contained herein constitutes an offer to buy, sell, or hold any cryptocurrency or asset, nor does it recommend any specific investment strategy or financial instrument.

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Weekly AVA & Crypto Market Update (25 Jul ’25)

Jul 25 2025 Published by under News

Welcome to this week’s AVA and crypto market update! This update covers news from 18 July-24 July 2025.

Crypto Market Update

The top stories from the broader market:

🏦 PNC Bank Partners with Coinbase: PNC Bank, one of the leading US banks, announced they will “develop an initial offering that will allow clients to buy, hold and sell cryptocurrencies” in partnership with Coinbase. PNC Bank will also provide its banking services to Coinbase, ensuring seamless on-ramp and off-ramp access for Coinbase clients.

💵 JPMorgan Chase Exploring Crypto-secured Loans: JPMorgan Chase customers may be able to borrow against their crypto holdings and crypto ETFs as early as next year, according to the Financial Times. The product would require regulatory approval. Full details of the product have not yet been released.

✍️ BitGo Files for US IPO: BitGo, one of the largest crypto custody providers, is the latest crypto company to file for an IPO in the US. In 2023, the company raised $100 million at a $1.75 billion valuation.

AVA Updates

In this week’s round-up of AVA news:

🤝 NEW Contributor: We welcomed Chester Szeen as the new Lead Growth Contributor at the AVA Foundation! Read more

🎁 Claim Bonuses Next Week: The Claim Period for the AVA Smart Bonus & Ambassador Bonus will open on 29 July and run for 2 weeks until 12 August.

🏝 Travel Drop: We’re sending a lucky Diamond member on a 5-night luxury trip to the Fairmont Chateau Lake Louise in Canada! The prize will be drawn on 13 August. See package

💵 Binance Earn: Enjoy up to 6% APR with AVA Flexible Products on Binance Earn. More info

Weekly AVA Metrics

Below are the key $AVA metrics from the last 7 days:

💼 Total AVA holders (Travala + on-chain): 41,402 (+0.27%)

🤝 Total AVA Smart Program members: 72,843 (+1.68%)

🔒 Total AVA locked in the AVA Smart Program: 9,510,300 (-0.04%)

💰 AVA givebacks last 7 days: 38,014 AVA worth $24,771 (+25.95%)

🛍 Total saved via Smart discounts last 7 days: $5,222 (-34.28%)

✈️ Number of room nights & flights booked with AVA last 7 days: 201 (-0.98%)

💱 Dollar (USD) value of AVA travel bookings last 7 days: $75,955 (-1.17%)

 

Tune in next week for the latest news!

AVA Foundation

 

The information provided in this article is for general informational purposes only and is not intended to be, nor should it be construed as, financial, investment, trading, legal, or tax advice. Nothing contained herein constitutes an offer to buy, sell, or hold any cryptocurrency or asset, nor does it recommend any specific investment strategy or financial instrument.

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AVA Foundation Welcomes Chester Szeen as Lead Growth Contributor

Jul 22 2025 Published by under News

The AVA Foundation is delighted to announce that Chester Szeen has joined the Foundation as the Lead Growth Contributor. Chester is a Web3 advocate and FinTech entrepreneur, and was named on the Forbes 30 Under 30 List in 2020.

As the Lead Growth Contributor, Chester will drive the strategic and tactical initiatives that will fuel user acquisition, engagement, and retention. His extensive background in data science, business development, and growth hacking will help shape the future of the Foundation’s key offerings: the AVA Smart Program, AVA token, and Travel Tiger NFTs.

Prior to the AVA Foundation, Chester co-founded Mellow—a neobank for building kids’ money habits—in 2019 and served as the CEO until 2021. The project received support from MetLife, Accenture, Mizuho Bank, New World Development, and Cyberport, Hong Kong’s digital tech hub and incubator.

In recent years, Chester harnessed his experience as a founder to help incubate Web3 projects, working as the Head of Growth Ops for Seedify and as a mentor at Outlier Ventures.

Chester also lends his expertise as an advisor and committee member for several organisations, including The Chinese University of Hong Kong, the Trade and Industry Advisory Board of Hong Kong, and GLG.

Additionally, he sits on the Global Panel for the MIT Technology Review and Advisory Council of the Harvard Business Review, contributing his insights and opinions on the latest tech trends.

He also previously served as an Impact Officer for the Global Shapers Community’s Hong Kong Hub, an initiative under the World Economic Forum.

As Chester becomes a key figure within the Foundation, he will be increasingly involved in the strategic and decision-making processes alongside his contributions to the AVA community.

The AVA Foundation is excited to welcome Chester to the team and looks forward to achieving many significant milestones together.

About AVA Foundation

The AVA Foundation’s overarching mission is to create a decentralised and self-sufficient blockchain-based loyalty ecosystem with AVA at its core. The AVA token functions as the key to accessing web3 loyalty programs and provides perks to end users, such as AVA payment discounts, AVA loyalty rewards, gated access benefits, and more. AVA tokenises the concept of loyalty reward programs using blockchain technology, bringing web3 to traditional loyalty models.

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Weekly AVA & Crypto Market Update (18 Jul ’25)

Jul 18 2025 Published by under News

Welcome to this week’s AVA and crypto market update! This update covers news from 11 July-17 July 2025.

Crypto Market Update

The top stories from the broader market:

⚖️ US Crypto Week Legislation: It was a landmark week for crypto legislation in the US, with ‘Crypto Week’ resulting in the House of Representatives passing two key bills: the GENIUS Act and the CLARITY Act. The GENIUS Act sets out stablecoin-related provisions, while the CLARITY Act functions as a broader cryptocurrency framework. A third bill, the Anti-CBDC Surveillance State Act, was also added and passed following a group of Republicans flipping sides over the lack of provisions banning CBDCs in the CLARITY Act, which the third bill now addresses separately. The three bills are expected to be signed into law by President Trump today.

📈 $4 Trillion Crypto Market Cap: The crypto market crossed the $4 trillion mark for the very first time on Thursday. The market first crossed $3 trillion in November 2021 amidst pandemic-fuelled interest and the peak of the NFT market. Bitcoin maintains about 60% dominance, with Ethereum at 11% at the time of writing. Bitcoin’s market cap also surpassed $2.4 trillion mid-week, pipping Amazon to make it the world’s fifth-largest asset.

💸 BTC ETF Inflows Surge: Over $2.7 billion in BTC ETF inflows were recorded last week (7-11 July), making it the third-largest week of inflows this year, despite the rising price of BTC. For the first time, over $1 billion in net inflows took place on back-to-back days: 10 and 11 July. It marks the fifth consecutive week of net positive inflows into BTC ETFs, with over $2 billion already recorded this week (14-17 July) and one day left.

AVA Updates

In this week’s round-up of AVA news:

🏝 Travel Drop: We’re sending a lucky Diamond member on a 5-night luxury trip to the Fairmont Chateau Lake Louise in Canada! The prize will be drawn on 13 August. See package

🎁 Contributor Tasks: Contributor Tasks for the Ambassador Bonus & AVA Smart Bonus CLOSE SOON on 22 July! Go to tasks

💵 Binance Earn: Enjoy up to 6% APR with AVA Flexible Products on Binance Earn. More info

Weekly AVA Metrics

Below are the key $AVA metrics from the last 7 days:

💼 Total AVA holders (Travala + on-chain): 41,289 (+0.05%)

🤝 Total AVA Smart Program members: 71,639 (+1.45%)

🔒 Total AVA locked in the AVA Smart Program: 9,514,300 (+0.00%)

💰 AVA givebacks last 7 days: 33,077 AVA worth $19,668 (+7.46%)

🛍 Total saved via Smart discounts last 7 days: $7,946 (+36.90%)

✈️ Number of room nights & flights booked with AVA last 7 days: 203 (+16.00%)

💱 Dollar (USD) value of AVA travel bookings last 7 days: $76,856 (+102.03%)

 

Tune in next week for the latest news!

AVA Foundation

 

The information provided in this article is for general informational purposes only and is not intended to be, nor should it be construed as, financial, investment, trading, legal, or tax advice. Nothing contained herein constitutes an offer to buy, sell, or hold any cryptocurrency or asset, nor does it recommend any specific investment strategy or financial instrument.

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Weekly AVA & Crypto Market Update (11 Jul ’25)

Jul 11 2025 Published by under News

Welcome to this week’s AVA and crypto market update! This update covers news from 4 July-10 July 2025.

Crypto Market Update

The top stories from the broader market:

💸 Bitcoin Hits New All-time High: Bitcoin has surged 6% in the last 24 hours to set a new all-time high of over US$118,000. This move more than doubles its value from this time last year, with a 40% increase in the last 90 days alone.

✍️ Emirates Signs MoU with Crypto.com: Emirates have signed a memorandum of understanding with Crypto.com to explore crypto payments for flights with Crypto.com Pay, with an integration expected next year. Additionally, the airline will explore promotional campaigns to create awareness and encourage adoption of the new feature.

💭 Proposed Ethereum Gas Cap: Vitalik Buterin co-authored the EIP-7983 proposal that aims to introduce a gas cap on transactions to “split large transactions into smaller chunks” and “reduce the risk of DoS attacks caused by excessively high-gas transactions”. Ethereum currently has a per-block gas limit of approximately 36 million, but no limit on individual transactions. The proposed gas limit per transaction is approximately 16.77 million.

AVA Updates

In this week’s round-up of AVA news:

🎁 Contributor Tasks: Contributor Tasks for the Ambassador Bonus & AVA Smart Bonus are LIVE until 22 July! Go to tasks

🎉 Member Milestone: Celebrating 70,000 Smart members! Thank you to our community and a big welcome to all our new members! View post

📊 Q2 Report: Read the latest quarterly report containing AVA Smart Program stats and Travala updates. View report

💵 Binance Earn: Enjoy up to 6% APR with AVA Flexible Products on Binance Earn. More info

Weekly AVA Metrics

Below are the key $AVA metrics from the last 7 days:

💼 Total AVA holders (Travala + on-chain): 41,267 (-0.19%)

🤝 Total AVA Smart Program members: 70,615 (+1.78%)

🔒 Total AVA locked in the AVA Smart Program: 9,514,550 (+0.11%)

💰 AVA givebacks last 7 days: 36,642 AVA worth $18,302 (+14.44%)

🛍 Total saved via Smart discounts last 7 days: $5,804 (-23.02%)

✈️ Number of room nights & flights booked with AVA last 7 days: 175 (+1.15%)

💱 Dollar (USD) value of AVA travel bookings last 7 days: $38,041 (-28.30%)

 

Tune in next week for the latest news!

AVA Foundation

 

The information provided in this article is for general informational purposes only and is not intended to be, nor should it be construed as, financial, investment, trading, legal, or tax advice. Nothing contained herein constitutes an offer to buy, sell, or hold any cryptocurrency or asset, nor does it recommend any specific investment strategy or financial instrument.

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Weekly AVA & Crypto Market Update (4 Jul ’25)

Jul 04 2025 Published by under News

Welcome to this week’s AVA and crypto market update! This update covers news from 27 June-3 July 2025.

Crypto Market Update

The top stories from the broader market:

✍️ Big Beautiful Bill Passes: Trump’s controversial ‘Big Beautiful Bill’ passed Congress yesterday, with the sprawling domestic policy bill set to be signed into law by the president today. The bill encompasses cuts to taxes, healthcare, food benefits, renewable energy, and more, while allocating billions of dollars for defence and immigration enforcement. The same day, US Senator Cynthia Lummis unveiled a draft bill for an exemption of capital gains of $300 or less on crypto transactions, up to $5,000 annually.

⚖️ “Crypto Week” for US Legislation: It was announced that 14-18 July will be “Crypto Week” in the US Republican House, which will see the House consider three key pieces of crypto legislation: the CLARITY Act, Anti-CBDC Surveillance State Act, and GENIUS Act. The announcement comes after Trump stated he wants the GENIUS Act passed “lightning fast” last month. Congress will break for a month in August.

🔗 XRPL EVM Sidechain Launches: Ripple’s XRPL EVM Sidechain went live this week, expanding Ethereum compatibility with Ripple. The sidechain enables EVM smart contracts to be deployed and interacted with, alongside the use of XRP as the gas token. Wallets, infrastructure providers, and dapps are expected to join progressively.

AVA Updates

In this week’s round-up of AVA news:

🗓 Contributor Tasks: Mark your calendars, Contributor Tasks for the Ambassador Bonus & AVA Smart Bonus go live 8 July!

🏦 Monthly Buyback: 129,430 AVA was repurchased as part of the Monthly AVA Buyback for June 2025. View transaction

💵 Binance Earn: Enjoy up to 6% APR with AVA Flexible Products on Binance Earn. More info

Weekly AVA Metrics

Below are the key $AVA metrics from the last 7 days:

💼 Total AVA holders (Travala + on-chain): 41,348 (+0.30%)

🤝 Total AVA Smart Program members: 69,376 (+0.90%)

🔒 Total AVA locked in the AVA Smart Program: 9,503,800 (+0.47%)

💰 AVA givebacks last 7 days: 31,576 AVA worth $15,993 (-6.34%)

🛍 Total saved via Smart discounts last 7 days: $7,540 (-23.40%)

✈️ Number of room nights & flights booked with AVA last 7 days: 173 (+40.65%)

💱 Dollar (USD) value of AVA travel bookings last 7 days: $53,057 (+97.45%)

 

Tune in next week for the latest news!

AVA Foundation

 

The information provided in this article is for general informational purposes only and is not intended to be, nor should it be construed as, financial, investment, trading, legal, or tax advice. Nothing contained herein constitutes an offer to buy, sell, or hold any cryptocurrency or asset, nor does it recommend any specific investment strategy or financial instrument.

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