AVAX One Technology, the Nasdaq-listed Avalanche treasury and bitcoin-mining company, said Chief Executive Jolie Kahn resigned effective July 3, with Chief Operating Officer Pete Wylie stepping in as interim CEO, according to an 8-K filing with the Securities and Exchange Commission.

Avalanche Treasury Corp told the SEC its ability to continue as a going concern is in doubt after its Nasdaq-listed stock lost 93% of its value in a month, with its AVAX position now worth less than half of what it paid.

BAVA is the third U.S.-listed AVAX ETP and highlights in-house staking as a competitive edge.

The new fund, VAVX, offers spot exposure to AVAX and may generate staking rewards.

Galaxy CLO 2025-1 totals $75 million and brings a private credit deal onchain.

In the second episode of Ecosystems: Avalanche, we track the protocol’s trajectory, which included a peak valuation of $13 billion, followed by a period of consolidation and strategic redevelopment.

While the fund's total value hasn't changed, BUIDL is now more evenly distributed across Aptos, Polygon, and Avalanche, instead of the vast majority being on Ethereum.

Avalanche says it can finally square the circle: sub‑second finality, a large decentralized validator set, and thousands of sovereign L1s connected through native messaging for shared liquidity.

The deal includes $460 million in assets and a discounted purchase of AVAX tokens from the Avalanche Foundation.

The Layer 1 network’s key metrics and token price are on the rise in anticipation of digital asset treasuries accumulating AVAX.