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30 May 2025

Weekly AVA & Crypto Market Update (30 May ’25)

Welcome to this week’s AVA and crypto market update! This update covers news from 23 May-29 May 2025.

Crypto Market Update

The top stories from the broader market:

⚖️ SEC Moves to Drop Binance Litigation: A joint motion filed by the SEC and Binance on Thursday seeks to dismiss the lawsuit brought against Binance in 2023. The court filing made reference to the SEC’s new crypto task force, which was formed to develop a regulatory framework for crypto assets. A Binance spokesperson called the dismissal a ‘landmark moment’.

📈 Circle Announces IPO Details: The issuer of the world’s second-largest stablecoin, USDC, has provided details about its upcoming IPO, targeting a raise of up to $624 million at a valuation of around $6 billion.

💸 PSG Announces Bitcoin Treasury: The head of PSG Labs revealed that Paris Saint-Germain F.C. has been accumulating BTC since last year at the Bitcoin 2025 conference yesterday. PSG had the third-highest revenue in football last season at over $800 million, with the club valued at over $4 billion. The announcement comes ahead of the prestigious Champions League final between PSG and Inter Milan this weekend.

AVA Updates

In this week’s round-up of AVA news:

✍️ New Perk – Draft Proposal: We want to hear from you! A draft proposal has been put forward which would enable Smart members to lock up to 200,000 additional AVA via their on-chain wallets within a smart contract and receive up to 7.5% per year in AVA rewards. View draft proposal

📊 New Perk – Name Poll: Vote on your favourite name for the new perk by 1 June in our Telegram channel! Vote here

💻 Job Opening: We’re hiring a new Lead Growth Contributor to join the team! View job

Weekly AVA Metrics

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

💼 Total AVA holders (Travala + on-chain): 40,690 (+0.29%)

🤝 Total AVA Smart Program members: 65,447 (+1.42%)

🔒 Total AVA locked in the AVA Smart Program: 9,353,550 (+0.07%)

💰 AVA givebacks last 7 days: 28,337 AVA worth $16,979 (-5.14%)

🛍 Total saved via Smart discounts last 7 days: $7,272 (-29.96%)

✈️ Number of room nights & flights booked with AVA last 7 days: 164 (-7.34%)

💱 Dollar (USD) value of AVA travel bookings last 7 days: $47,977 (-16.27%)

 

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.