The Department of Government Efficiency (DOGE) was created by President Donald Trump with a clear goal: to make government operations 15% more efficient.
The proposed ETF, managed by Grayscale, seeks to transition the existing Grayscale Avalanche Trust into a regulated investment product, offering easier access to $AVAX for institutional and retail investors.
As part of the agreement, Galaxy Digital will pay the settlement in four instalments over three years.
The crypto market is shifting as tokens like $ETH, $IMX and $FLOKI gain traction from upgrades, regulations, and trends.
On 26 March, Ethereum developers launched the Pectra upgrade on the Hoodi testnet, and the network successfully forked and finalised the upgrade within just 30 minutes.
Recently, major crypto companies, including Gemini, Robinhood, OpenSea, and Yuga Labs, have also seen investigations against them dropped.
Mass investor exodus, ETF outflows, Mt. Gox repayment concerns, and market-wide declines has fuelled a bearish sentiment for Bitcoin.
After several weeks of upward momentum, the cryptocurrency market has recently seen a notable decline. Its overall market capitalisation has decreased by more than 3% in a single day.
Recently, Ethereum has experienced a bullish surge, crossing the crucial $3,000 mark. This uptick is largely due to major stakeholders withdrawing and staking significant amounts of $ETH.