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After support from Bybit and Kraken, Backed’s xStocks tokenized stock volume reached $1.338 million on June 30, with over 1,200 unique traders. Despite offering 61 stock tokens, only six—NVDA, MSTR, TSLA, CRCL, SPY, and AAPL—have on-chain volume. xStocks tokens have minting and freezing permissions. Backed is the tokenization issuer, while Broker and Custodian services are provided by third parties. https://t.co/AZKijd2Lox
After support from Bybit and Kraken, Backed's xStocks tokenized stock volume reached $1.338 million on June 30, with over 1,200 unique traders. Despite offering 61 stock tokens, only six—NVDA, MSTR, TSLA, CRCL, SPY, and AAPL—have on-chain volume. xStocks tokens have a default total supply of 6,000, with minting and freezing permissions. Backed is the tokenization issuer, while Broker and Custodian services are provided by third parties. https://t.co/AZKijd2dyZ
AVA WEEKLY UPDATE (30 May-5 June) Welcome to this week’s $AVA and market update! MARKET UPDATE The top stories from the broader market: 🥊 Trump-Musk Feud: @elonmusk and @realDonaldTrump have entered into a heated @X debate stemming from continuing disagreements about the US budget bill. The feud culminated in Musk accusing Trump of being in the Epstein files and claiming that Trump should be impeached. The @Tesla share price plummeted more than 14% following the tweets. 📈 Circle Begins Trading: @circle (CRCL) shares opened trading on Thursday at about $69 and closed at $83 on the first day of trading — a 167% increase following the IPO price of $31. The question now turns to whether CRCL can maintain positive momentum without following in the footsteps of Coinbase’s IPO in 2021, which opened at $381 and fell to below $200 within a month before falling to lows of around $33 at the beginning of 2023. 🚗 Uber Considering Stablecoins: The @Uber CEO revealed at the Bloomberg Tech Summit that the company is exploring the use of stablecoins as a payment method, citing that stablecoins have “a practical benefit other than crypto as a store of value”. The CEO has commented on the potential of cryptocurrencies before, stating back in 2021 that Uber may accept bitcoin and other cryptocurrencies if there is sufficient demand and benefit to the company. --- KEY UPDATES In this week’s round-up of $AVA news: 🗳️ AVA+ Rewards Perk Proposal: Voting for the new perk is open until 10 June! 🏦 Monthly Buyback: 153,288 AVA was repurchased as part of the Monthly AVA Buyback for April 2025. 📊 Monthly Report: View the May monthly report with key AVA Smart Program and @travalacom stats! 💻 Job Opening: We’re hiring a new Lead Growth Contributor to join the team! --- WEEKLY METRICS Below are the key $AVA metrics from the last 7 days: 💼 Total AVA holders (Travala + on-chain): 40,824 (+0.33%) 🤝 Total AVA Smart Program members: 66,246 (+1.22%) 🔒 Total AVA locked in the AVA Smart Program: 9,368,050 (+0.15%) 💰 AVA givebacks last 7 days: 29,959 AVA worth $16,119 (-5.06%) 🛍 Total saved via Smart discounts last 7 days: $5,722 (-21.31%) ✈️ # of room nights & flights booked with AVA last 7 days: 201 (+22.56%) 💱 $ value of AVA travel bookings last 7 days: $53,145 (+10.77%) 🔗 Link: https://t.co/h7SaWI4ruN
The best assets want to be everywhere. Internet capital markets enable that — and @krakenfx is moving fast. @marklg revealed Kraken’s plans to bring tokenized equities such as Tesla and NVIDIA shares to Solana in partnership with @BackedFi via @XStocks.
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🔸 Elizabeth Warren says Elon Musk's Twitter buy shows need for wealth tax in U.S. Sen. Warren says rich are only paying a 'tiny' fraction of their wealth in taxes Sen. Elizabeth Warren renewed her calls for a wealth tax Thursday, following arguments in a Supreme Court case…
Twitter bought Vine and missed out on a huge potential by shutting it down. Maybe @elonmusk finds a way to bring it back and bring in $ for X. https://twitter.com/debarghya_das/status/1728967883961807328 Quote [@debarghya_das](https://www.twitter.com/debarghya_das/status/1728967883961807328) > Most people do not understand the sheer scale of ByteDance. > > Meta has $127B revenue growing 10% while ByteDance has $110B+ at 40%. > > Meta is worth ~$870B which means ByteDance could in soon be the first private company to have a TRILLION dollar valuation!
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