Exodus Movement launched Exodus Markets on June 12, adding trading for over 200 tokenized US stocks, ETFs, and real world assets inside the Exodus wallet on Solana. Built with Ondo Finance's Ondo Global Markets, it offers onchain tokenized representations of equities and is available only to eligible users in select non US jurisdictions.

Ethena Labs plans to allocate $250 million to STAC, a tokenized AAA-rated CLO fund launched by Securitize that is now available on Solana, The Block reported. Developed by Securitize in collaboration with BNY, STAC invests in U.S. dollar-denominated, AAA-rated collateralized loan obligations. The fund currently manages $102 million from four investors. Ethena said the investment is intended to broaden the collateral base supporting its USDe and USDtb tokens.

Avalanche Treasury Co. [NASDAQ: AVAT] began trading on Nasdaq on June 11, pitching itself as a publicly listed vehicle built to deploy capital across the Avalanche ecosystem rather than simply stockpile AVAX. The listing arrives as crypto treasury companies try to broaden the Bitcoin-centric playbook popularized by Strategy and other corporate BTC holders. The market response was swift. AVAT shares sank more than 20% on June 12, adding to earlier-week declines as investors sized up the company's long-horizon ecosystem strategy amid ongoing weakness across Avalanche-related assets. AVAX also stayed under pressure. TradingView data shows the token sliding toward multi-month lows, while its daily RSI dropped into oversold territory near 24. Ecosystem-focused treasury pitch In a June 11 statement, AVAT said it aims to give public-market investors exposure to the "full Avalanche value chain" as institutional blockchain adoption accelerates. The company said it is structured without redemption pressure or forced liquidation, giving it the flexibility to hold positions and recycle capital through market cycles. "AVAT intends to deploy capital deliberately to compound Avalanche's ecosystem value over time, much like a corporate treasury," Chief Executive Officer Bart Smith said. AVAT stressed that its approach is not a pure bet on AVAX price appreciation. It plans to allocate capital across validators, infrastructure, institutional finance applications, and broader ecosystem growth initiatives. Avalanche leans into institutional adoption narrative The debut also aligns with Avalanche's push to frame the network as institutional-grade infrastructure. The company said more than $1.65 billion of real-world assets have been tokenized on Avalanche, with over $1.02 billion in institutional funds deployed across the network. Ava Labs founder Emin Gün Sirer said sustained, ecosystem-oriented capital participation could support long-term infrastructure growth. Post-listing pressure on AVAT and AVAX Despite the institutional messaging, both AVAT and AVAX remained under pressure after the Nasdaq launch. TradingView data shows AVAT fell more than 20% on June 12, extending a five-day slide of over 50% as investors reacted cautiously to an ecosystem-based treasury model. AVAX has also struggled, dropping toward multi-month lows around the $6 area after breaking key support earlier this month. Its daily RSI fell to about 24, pointing to oversold conditions and weak near-term momentum despite a modest stabilization attempt. The price action suggests investors are still weighing not only Avalanche's outlook, but also whether public markets are ready to embrace crypto treasury structures built around ecosystem deployment rather than Bitcoin-focused strategies. Final Summary AVAT entered Nasdaq as a public company designed to deploy capital across the Avalanche ecosystem instead of simply holding AVAX. The debut has been met with selling pressure in both AVAT and AVAX, reflecting broader skepticism toward emerging crypto treasury models.

A total of 131,390,219 USDC, valued at 131,436,929 USD, was transferred from Kraken to an unknown wallet.

PumpFun deposited 67,482 SOL valued at about $4.51 million to Kraken, continuing its treasury liquidation trend, according to Lookonchain. The meme coin launchpad has now offloaded a cumulative 4.53 million SOL worth about $784.7 million at an average execution price of $173 per token.

Avalanche Treasury Co. made a rough start on Nasdaq on Thursday, opening at $2.99 and finishing its first session at $1.85 under the ticker AVAT, a 38% slide. Shares touched an intraday low of $1.75. The drop is striking given the vehicle was marketed at roughly 0.77x mNAV, implying about a 23% structural discount versus buying AVAX directly. The timing has also worked against the deal: AVAX itself is trading around $6.6, down 33% over the past month and more than 95% below its all-time high, as the broader altcoin market endures one of its weakest stretches in two years. AVAT reached public markets via a $675 million SPAC merger with Mountain Lake Acquisition Corp., announced in October 2025. The company says it is not intended to function as a passive token-holding proxy. Instead, it aims to operate an active crypto treasury, allocating capital across the Avalanche ecosystem. At launch, AVAT reported holding about 15 million AVAX tokens—around 3.5% of circulating supply—supported by an initial treasury capital base of $460 million. It also secured an exclusive arrangement with the Avalanche Foundation for discounted AVAX purchases, along with an 18-month priority window on Foundation token sales to U.S. institutional crypto vehicles. CEO Bart Smith, formerly of Susquehanna and AllianceBernstein, has positioned AVAT as an institutional operating business rather than a simple AVAX tracker, stating: "It is not a bet on price. We believe it is an investment into Avalanche that represents meaningful potential for the repositioning of institutional finance." The gap between that narrative and a $1.85 close highlights how quickly sentiment has turned. With AVAX at $6.6, the treasury's mark-to-market value has already moved materially against the company before any ecosystem deployments are executed. The "active allocator" thesis will likely require time and a visible pipeline of deals to gain credibility with public-market investors. On the chart, traders are watching $6.00 as a near-term floor. A weekly close below that level would put the $5.20–$5.40 zone in focus, the last notable demand cluster before prices revisit territory not seen since late 2020. Overhead resistance sits near $7.80, where AVAX briefly consolidated in May. A sustained reclaim of $8.50 on strong volume would shift the short-term setup from broken to neutral, while heavier resistance around $10.50 aligns with the 2025 accumulation band and would likely require a broader improvement in altcoin sentiment. Weekly RSI remains in oversold territory, resembling conditions seen ahead of AVAX's 2023 recovery, but that historical parallel depends on macro and market tailwinds that have not yet re-emerged. For now, the technical structure remains damaged; a close above $8.20 is viewed as the minimum threshold to challenge that assessment.

Ethena Labs is set to invest $250 million in Securitize's Tokenized AAA CLO Fund (STAC), according to a report citing The Block. The fund is already live on Solana. Issued by Securitize in partnership with BNY Mellon, STAC invests in U.S. dollar–denominated, AAA-rated collateralized loan obligations (CLOs). It currently manages about $102 million in assets, posts a seven-day annualized yield of roughly 2.42%, and charges a 0.3% management fee. Ethena said the allocation is intended to broaden the collateral base supporting USDe and USDtb, shifting part of its backing from crypto-native positions toward institutional-grade real-world assets. The firm is also working with managers including Janus Henderson to add its AAA-rated CLO fund, JAAA, to the USDe reserve portfolio.

Dinari has expanded its dShares catalog to the Avalanche CChain, offering 24 7 access to tokenized U S equities for users in more than 85 countries. The rollout brings over 350 stocks, ETFs and REITs onchain, with each dShare backed 1 to 1 by underlying securities held in regulated custody to preserve shareholder rights and corporate actions.

Ethena Labs plans to allocate $250 million to Securitize's Tokenized AAA CLO Fund STAC, now live on Solana. Issued by Securitize with BNY Mellon, the fund invests in USD denominated AAA rated CLOs and currently manages about $102 million, with a 7 day annualized yield near 2.42% and a 0.3% management fee.