AVA WEEKLY UPDATE (16 May-22 May)
Welcome to this weekโs $AVA and market update!
MARKET UPDATE
The top stories from the broader market:
๐ธ Bitcoin Reaches All-time High: $BTC peaked at just shy of $112K this week, surpassing the previous high of $109K 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.
โ๏ธ 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 capitalisations greater than $50 billion.
โ๏ธ $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 weekโs round-up of $AVA news:
๐ฅ Website Expansion: The AVA Foundation website has been expanded with new pages and info!
๐ป Job Opening: Weโre 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:
๐ผ Total AVA holders (Travala + on-chain): 40,570 (+0.30%)
๐ค Total AVA Smart Program members: 64,530 (+1.19%)
๐ Total AVA locked in the AVA Smart Program: 9,346,550 (+0.30%)
๐ฐ AVA givebacks last 7 days: 28,713 AVA worth $17,900 (+9.03%)
๐ Total saved via Smart discounts last 7 days: $10,383 (+67.90%)
โ๏ธ # of room nights & flights booked with AVA last 7 days: 177 (+80.61%)
๐ฑ $ value of AVA travel bookings last 7 days: $57,299 (+81.06%)
For full links, see here ๐
