Welcome to this week’s AVA and crypto market update! This update covers news from 30 May-5 June 2025.
Crypto Market Update
The top stories from the broader market:
👊 Trump-Musk Feud: Elon Musk and Donald Trump have entered into a heated X debate stemming from continuing disagreements about the US budget bill. The feud culminated in Musk accusing Trump of being in the Epstein files and claiming that Trump should be impeached. The Tesla share price plummeted more than 14% following the tweets.
📈 Circle Begins Trading: Circle (CRCL) shares opened trading on Thursday at about $69 and closed at $83 on the first day of trading — a 167% increase following the IPO price of $31. The question now turns to whether CRCL can maintain positive momentum without following in the footsteps of Coinbase’s IPO in 2021, which opened at $381 and fell to below $200 within a month before falling to lows of around $33 at the beginning of 2023.
🛞 Uber Considering Stablecoins: The Uber CEO revealed at the Bloomberg Tech Summit that the company is exploring the use of stablecoins as a payment method, citing that stablecoins have “a practical benefit other than crypto as a store of value”. The CEO has commented on the potential of cryptocurrencies before, stating back in 2021 that Uber may accept bitcoin and other cryptocurrencies if there is sufficient demand and benefit to the company.
AVA Updates
In this week’s round-up of AVA news:
✍️ AVA+ Rewards Perk Proposal: Voting for the new perk is open until 10 June! Vote now
🏦 Monthly Buyback: 153,288 AVA was repurchased as part of the Monthly AVA Buyback for April 2025. View transaction
📊 Monthly Report: View the May monthly report with key AVA Smart Program and Travala stats! View report
💻 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): 40,824 (+0.33%)
🤝 Total AVA Smart Program members: 66,246 (+1.22%)
🔒 Total AVA locked in the AVA Smart Program: 9,368,050 (+0.15%)
💰 AVA givebacks last 7 days: 29,959 AVA worth $16,119 (-5.06%)
🛍 Total saved via Smart discounts last 7 days: $5,722 (-21.31%)
✈️ Number of room nights & flights booked with AVA last 7 days: 201 (+22.56%)
💱 Dollar (USD) value of AVA travel bookings last 7 days: $53,145 (+10.77%)
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.
