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.
