Core Viewpoint - Grayscale Investments has launched the Grayscale Avalanche Staking ETF (Ticker: GAVA), providing a regulated investment vehicle for exposure to AVAX, the native token of the Avalanche network, while participating in the staking process to earn economic rewards for investors [1][2]. Group 1: Product Launch and Features - GAVA began trading on NASDAQ on March 12, offering investors a way to gain exposure to AVAX beyond simple price tracking [1]. - The product is designed to participate in the staking process, which helps secure the blockchain network and aims to earn economic rewards for investors [2]. - GAVA complements Grayscale's existing suite of over 40 digital asset products, targeting investors looking for simple ways to incorporate digital assets into their portfolios [2]. Group 2: Avalanche Network Overview - Avalanche is a platform designed to meet the demands of scalability, security, and decentralized finance, having processed over 11.4 billion transactions since its launch in 2020 [3]. - The platform supports real-world applications at scale, enabling financial services, enterprise platforms, and tokenized real-world assets through a customizable architecture [4][5]. - John Wu, President of Ava Labs, emphasized that Avalanche is built specifically for institutional requirements, providing the necessary performance, security, and control for production deployment [5]. Group 3: Regulatory and Risk Considerations - GAVA is not registered under the Investment Company Act of 1940, which means it lacks the same regulatory protections as traditional mutual funds [6]. - Grayscale has highlighted that investments in GAVA are subject to significant risk and high price volatility [6].

上市区块链基础设施公司 TenX Protocols 宣布与 Tezos Foundation 达成战略质押合作，购入约 550 万枚 XTZ，总成本约 325 万美元；TenX 将通过自营验证节点对 Tezos 进行质押以获取持续性收入。作为合 作的一部分，Tezos Foundation 计划在完成尽职调查和内部审批后，将部分 XTZ 委托给 TenX 运营的验 证节点，但不涉及任何治理安排，TenX 将继续独立参与协议治理。（CoinDesk） （来源：吴说） ...