Avalon Labs announced the creation of a Bitcoin-backed public debt fund aimed at integrating digital assets into traditional financial systems in compliance with SEC regulations.
Integrating Cryptocurrency into Financial Systems
As revealed in a press release by journalist Colin Wu, Avalon Labs plans to offer an easy gateway for cryptocurrency market participants and institutional investors to enter Bitcoin-based decentralized finance (DeFi). The company recognizes potential in the expansion of Bitcoin-backed products as traditional investment portfolios increasingly integrate Bitcoin through exchange-traded funds and other financial instruments.
Long-Term Goals for Blockchain Market
Avalon Labs aims to become a key player in Bitcoin-based capital market operations. The firm is establishing significant infrastructure so that Bitcoin becomes an indispensable part of financial asset management, transforming it from an investment-only product to a core element in financial management.
Stabilizing Bitcoin Prices
The current price of Bitcoin stands at $96,336.78, with recent shifts showing a 2% drop over the past 24 hours. However, there is potential to reach a $100,000 resistance level if it surpasses the 20-day exponential moving average. Technical analysis indicates Bitcoin price stabilization, which may lead to breakouts in either direction.
These actions by Avalon Labs contribute to positioning Bitcoin as a key component of the mainstream financial market, evolving from merely an investment tool to an integral part of the global economy.
