Avalon Labs Accelerates AVL Coin Burn with Strategic Buyback

PANews reported on June 19 that according to Jinshi, US President Trump said that Federal Reserve Chairman Powell should cut interest rates by 250 basis points.

PANews reported on September 10th that according to CoinDesk, cryptocurrency mining and artificial intelligence-related stocks rose across the board on Tuesday, driven by Nebius Group's $17.4 billion GPU supply agreement with Microsoft. The CoinShares Bitcoin Mining ETF (WGMI) rose 12% to a record high of $33.13. The ETF has risen 44% year-to-date, surpassing its listing price of approximately $30. Year-to-date, the fund's top two holdings have been particularly strong performers: IREN (IREN) has surged 188%, while Cipher Mining (CIFR) has gained 90%. WGMI manages $175.7 million in assets and has an expense ratio of 0.75%. The AI boom has also boosted Oracle (ORCL), which surged 30% in pre-market trading on Wednesday.

The market focuses on stablecoins, AI and crypto reserve businesses; the crypto AI project Freysa AI completed a $30 million financing through its affiliated entity Eternis AI, with participation from Coinbase Ventures and Selini Capital.