Japan's second-largest bank, SMBC, is partnering with Ava Labs and Fireblocks to develop a stablecoin, leveraging blockchain technology for cross-border payments.

Standard Chartered thinks the price of Avalanche's AVAX token could dramatically increase over the next few years, outpacing Bitcoin's gains.

The price of Toncoin (TON) has rallied as buyers have pushed it above the daily chart's moving average lines. Price analysis by Coinidol.com.

Standard Chartered's Geoffrey Kendrick said he likes Avalanche's approach to scaling, particularly after the recent Etna upgrade.

Japanese TradFi giant Sumitomo Mitsui Financial Group announced plans to launch a fiat-backed stablecoin on the Avalanche network in collaboration with US-based Ava Labs and blockchain infrastructure firm Fireblocks.

Avalanche (CRYPTO: AVAX) could deliver the strongest gains among major digital assets in the coming years, according to Geoffrey Kendrick, Head of Digital Assets Research at Standard Chartered. What Happened: In a research note, Kendrick said he expects AVAX to rise tenfold by the end of 2029, outperforming both Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) in relative price growth.

When it comes to crypto gaming, is there any point in taking on the risk that comes with building a “AAA” game — or should studios just focus on simpler mobile games with dynamic economies instead?

Bitcoin (BTC) bulls have pushed the price above the $87,000 level even as US trade tariffs are slated to kick in on April 2. Bitcoin may remain volatile in the near term, but analysts remain bullish for the long term.According to Fidelity analyst Zack Wainwright, Bitcoin is currently in an acceleration phase, which “can conclude with a sharp, dramatic rally” if history repeats itself.

Improved scalability should drive activity and value to the Avalanche network, said Geoff Kendrick.

TL;DR Sumitomo Mitsui Financial Group is collaborating with Ava Labs and FireBlocks to develop a stablecoin with blockchain infrastructure. The supply of stablecoins on Avalanche increased by 70% in one year, but the lack of DeFi usage prevented it from boosting AVAX demand.

Sumitomo Mitsui Financial Group (SMBC), a Japanese banking and financial services conglomerate, along with business systems firm TIS Inc, Ava Labs — the developer of the Avalanche network — and digital asset infrastructure company Fireblocks, have signed an agreement to explore a framework for commercializing stablecoins in Japan.Under a Memorandum of Understanding, the companies will focus on developing strategies around issuing and circulating stablecoins pegged to the US dollar and Japanese yen, according to a joint announcement. Additionally, the collaboration will explore stablecoins as a settlement mechanism for tokenized real-world assets such as stocks, bonds, and real estate.

VanEck has filed for approval for a new spot exchange-traded fund (ETF) tracking the price of BNB, the native crypto of the Binance-linked BNB Chain.

Sumitomo is the latest example in a roster of firms eyeing the booming stablecoin market, which has grown 50% to around $230 billion in a year.

According to a report by Nikkei, SMFG, which operates Japan's second-largest bank, SMBC, is partnering with Ava Labs and Fireblocks to develop a new stablecoin. The stablecoin project aims to make cross-border payments faster and cheaper.

Over the course of the last year, the Avalanche (AVAX) network has experienced a growing wave of liquidity in the form of stablecoins, recording an increase of over 70%, rising from 1.5 billion to over 2.5 billion dollars in circulation as of March 31, 2025. This growth, highlighted in an official post on X by the Avalanche foundation, would seem, at first glance, a clear sign of increased investor confidence and imminent bull pressure on the market.

Avalanche price has dropped to a crucial support level and created an early bullish signal, pointing to a potential rebound.

Avalanche saw a significant surge in stablecoin supply over the past year, but the onchain deployment of this capital points to passive investor behavior, which may be limiting demand for the network's utility token.The stablecoin supply on the Avalanche network rose by over 70% over the past year, from $1.5 billion in March 2024, to over $2.5 billion as of March 31, 2025, according to Avalanche's X pos Market capitalization of stablecoins on Avalanche. Source: Avalanche Stablecoins are the main bridge between the fiat and crypto world and increasing stablecoin supply is often seen as a signal for incoming buying pressure and growing investor appetite.

Japan's Sumitomo Mitsui Banking Corporation (SMBC), the nation's second-largest bank, is set to explore the launch of its own stablecoin.

SMFG is preparing to launch a stablecoin in partnership with blockchain firm Ava Labs and crypto infrastructure provider Fireblocks. The post SMBC Parent Sumitomo Mitsui Plans Stablecoin Launch with Ava Labs and Fireblocks appeared first on Cryptonews.

The bank plans to start conducting experiments in the second half of this year for a potential stablecoin launch in 2026.

Toncoin's large transaction volume has surged to 9.03 billion, worth $34.28 billion.

TL;DR KOR Protocol will launch a blockchain on Avalanche to modernize the registration, management, and monetization of intellectual property. The infrastructure will allow creators to register their works on the blockchain, set permissions, and improve usage traceability.

Toncoin has jumped by 7% in the past 24 hours, with the revelation that VC firms have invested more than $400 million in the coin likely to send it even higher. The post Is This the Next Solana? $400 Million Toncoin Investment Signals Explosive Upside appeared first on Cryptonews.

Sumitomo Mitsui Financial Group, the parent company of Japan's second-largest bank, Sumitomo Mitsui Banking Corporation, plans to launch its own stablecoin.

Toncoin (TON) investors have committed $12.22 million to the cryptocurrency's derivatives market, anticipating a bullish run for the coin. Per CoinGlass data, TON's open interest surged by a massive 35.86% in the last 24 hours as investors renewed interest in the asset.

On-chain data shows the Toncoin (TON) whales have stepped up their activity level recently as their transaction volume has set a new high. Toncoin Large Transactions Volume Has Crossed $34 Billion According to data from the market intelligence platform IntoTheBlock, the Large Transactions Volume on the Toncoin network has continued to set new highs recently.

Toncoin is expected to flip the $4 level to support soon, and the high buying pressure and on-chain activity supported this idea.

Bitcoin (BTC) fell 4.29% last week, but the bulls started a recovery by pushing the price back above $83,500 on March 31. However, traders are likely to remain on edge until April 2, when new US trade tariffs are set to kick in.

BTC remained range-bound as markets weighed in recession signals.

Toncoin (TON) is one of the few cryptocurrencies that have performed positively lately.

Despite bears' pressure, buyers are not going to give up so easily, according to CoinStats.

Wall Street giant Goldman Sachs has predicted that the US Federal Reserve will trim interest rates three times this year, which could bode well for Bitcoin and altcoins. Amid this forecast, below are the top 4 altcoins to buy to enjoy significant returns.

From anxiety to denial – Is TON's uptrend still intact?

Bitcoin (BTC) bulls are trying to start a recovery but selling at higher levels continues to disarm each attack of the range highs. Veteran trader Peter Brandt said in a post on X that Bitcoin has broken down from a bear wedge pattern, giving it a target objective of $65,635.The current macroeconomic environment and the fears of a prolonged trade war have created a 40% possibility of a recession in 2025, according to Coin Bureau founder Nic Puckrin.

The price of Avalanche (AVAX) has been fluctuating since the end of its downtrend on March 10.

The Nasdaq exchange filed a formal request with the U.S. Securities and Exchange Commission seeking permission to list and trade shares of Grayscale's spot Avalanche (AVAX) exchange-traded fund (ETF).

Digital asset management giant Grayscale hopes to launch an Avalanche (AVAX) exchange-traded fund (ETF) in the US. The Nasdaq Stock Market submitted a proposal this week to the U.S.

TON's strong March is good news, but is it enough for holders?

AVAX may be in line for more gains in the short term.

Nasdaq's filing for Grayscale's Avalanche (AVAX) ETF highlights growing institutional interest in altcoin investment products, signaling a shift toward broader crypto adoption and accessibility in traditional financial markets. The post Nasdaq Files 19b-4 for Grayscale Avalanche (AVAX) ETF Listing appeared first on Cryptonews.

The crypto market was volatile this week as investors tried to make sense of the current economic environment and risk tolerance of the market. Tariffs were announced for the auto industry, which a few weeks ago may have crushed the market, but overall the news was met with a bit of a shrug.

Nasdaq has submitted a 19b-4 filing to the US Securities and Exchange Commission (SEC), proposing to list a spot Avalanche ETF managed by Grayscale Investments. This filing underscores the surging interest in regulated crypto investment vehicles, extending beyond the realm of Bitcoin (BTC) and Ethereum (ETH).

Bitcoin (BTC) is moving farther away from the crucial $90,000 mark, indicating that buying dries up at higher levels. Market participants seem nervous about the fresh round of US trade tariffs and the renewed inflation pressure as US Personal Consumption Expenditures data came in hotter-than-expected.Traders are divided about Bitcoin's price trajectory in 2025.

Toncoin (TON) has gone up by 2.5% in the past 24 hours and has managed to overturn its downtrend for now and defy the market's gravity today as most crypto assets are dropping sharply.Trading volumes for TON have gone up by 82.

Grayscale files for an Avalanche ETF with Nasdaq, aiming to offer regulated AVAX exposure. Despite the filing, AVAX price sees a correction.

Toncoin's RSI and MACD indicate bullish momentum, with key resistance at $4.67. A $400M investment and Telegram's deeper integration are driving strong demand for TON.

Grayscale is the next issuer to file a 19b-4 form for an Avalanche (AVAX) ETF. The filing enters a 90-day review period with the SEC.

The application comes as issuers aim to launch funds tracking a range of altcoins.