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Avalon Labs has burned 80 million AVL tokens, permanently removing them from circulation in a move that reduces the circulating supply by roughly 44%. Announced on X on June 9, the tokens, worth an estimated $16 million, were mostly unclaimed airdrop allocations from a March 2024 campaign. Avalon framed the burn as the start of … Read more
YZi Labs, a venture capital and investment firm with over $10 billion in assets under management, has invested in Avalon Labs, a Bitcoin-focused on-chain capital markets platform. YZi Labs announced the investment on May 26, 2025, prompting a sharp rally in Avalon’s native token, AVL, which traded around $0.27, just below its intraday high of … Read more
Key Takeaways YZi Labs has invested in Avalon Labs, which focuses on Bitcoin-backed financial services. Avalon Labs aims to become the first fully regulated on-chain Bitcoin financial institution. Share this article YZi Labs, the venture arm previously known as Binance Labs, announced Monday that it has invested in Avalon Labs, an on-chain capital markets platform … Read more
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