ChainCatcher news, according to The Block, ASIC miner manufacturer Canaan's Singapore subsidiary has signed a procurement agreement for Avalon A1566 miners with HIVE Digital. Following the announcement, Canaan's stock price surged by 40%.According to the agreement, Canaan will provide HIVE with 6,500 units of the A1566 miners with a computing power of 185 TH/s, of which 500 units have been delivered and are planned for installation, while the remaining 6,000 units will be delivered in four batches from December 2024 to March 2025.In addition, HIVE Digital's 100 MW expansion project in Paraguay has commenced, expected to be operational in the third quarter of 2025, targeting a computing power of 12.5 EH/s, with a mining farm efficiency of 17.6 J/TH. As of now, Canaan (CAN) stock price has risen by 38% to $1.74, with a market capitalization of $499 million; HIVE Digital (HIVE) stock price has increased by 17% to $5.44.

ChainCatcher news, according to The Block, ASIC miner manufacturer Canaan has signed a procurement agreement with HIVE Digital to provide 6,500 Avalon A1566 miners, with an average hash rate of 185 TH/s. Currently, the first batch of 500 miners has been delivered and is scheduled for installation, while the remaining 6,000 will be delivered in batches from December to March 2025. As a result of this news, Canaan's Nasdaq stock (CAN) rose 38% to $1.74.It is reported that HIVE Digital has announced the commencement of a new 100 MW expansion project in Paraguay, which is expected to be fully operational by the third quarter of 2025, with a target hash rate of 12.5 EH/s and equipment efficiency of 17.6 J/TH.

ChainCatcher message, the Bitcoin ecosystem lending protocol Avalon Labs (formerly Avalon Finance) has launched on-chain CeDeFi lending, and by collaborating with CeFi institutions, it offers unlimited stablecoin lending with a fixed lending rate of 8%. The collateral is held by professional institutions, and the supported collateral includes FBTC and Bitcoin.Avalon Labs operates two business segments focused on Bitcoin: CeDeFi and DeFi lending, and will launch its lending stablecoin. Avalon Labs will serve both retail and institutional users, establishing a more comprehensive on-chain lending system.

ChainCatcher news, the decentralized lending protocol Avalon Labs has launched an on-chain CeDeFi lending platform, offering stablecoin supply at a fixed interest rate of 8%. The platform allows borrowers to repay loans at any time without penalties.According to RootData, Avalon Finance is a decentralized lending protocol based on the Merlin Chain. It consists of three key components: over-collateralized lending, derivatives trading related to lending, and algorithmic stablecoins based on lending.

According to ChainCatcher news, BNB Chain announced Bedrock and Avalon Finance as the winners of the second round of BIA. The former is a multi-asset re-collateralization protocol, while the latter is a liquidity hub for BTC LSDFi and CeDeFi lending. These two projects will enter the MVB program and gain access to the Launch-as-a-Service (LaaS) package.

According to ChainCatcher's message, Avalon Finance has now integrated with the OKX Web3 wallet, as shown on their official website. Users can engage in lending, trading, and more on Avalon Finance through the OKX Web3 wallet. According to the official introduction, Avalon Finance is a one-stop DeFi lending protocol based on the Bitcoin ecosystem, offering services such as lending, algorithmic stablecoins, RWA, and derivatives trading, aimed at promoting the development of the Bitcoin DeFi ecosystem.It is reported that the OKX Web3 wallet, as an industry-leading one-stop Web3 entry point, now supports over 100+ public chains and provides a unified user experience across app, plugin, and web. The OKX Web3 wallet encompasses five major sectors: wallet, DEX, DeFi, NFT marketplace, and DApp exploration, and has launched a Bitcoin inscription and rune trading market, dedicated to providing users with comprehensive Web3 services.

ChainCatcher news, according to the official website of Bitlayer, the native Layer 2 network of Bitcoin, the current total value locked (TVL) on the Bitlayer chain has surpassed 500 million USD, now standing at 534 million USD, with an increase of over 40% in the past 30 days. The top five ecological protocols by Bitlayer TVL are Avalon, Pell Network, bitCow, bitSmiley, and Macaron. According to official data, nearly a hundred ecological projects have been deployed on Bitlayer, with the number of active on-chain transactions exceeding 1 million, making it the fastest-growing Bitcoin Layer 2 in terms of ecosystem growth.Recently, Bitlayer will jointly launch the second phase of the mining festival event with the OKX Web3 wallet, where users can share rewards worth over 1.2 million USD in BTR by experiencing the Bitlayer ecosystem through the OKX Web3 wallet.

ChainCatcher news, the Bitcoin native Layer 2 network Bitlayer has announced the upcoming two-week Mining Gala event, which will take place from May 27 to June 10. The Mining Gala is a token airdrop event initiated by Bitlayer in collaboration with seven project parties: Lorenzo, Bitsmiley, Avalon, Bitcow, Pell, Enzo, and Bitparty, with a total token reward value of up to 23.24 million dollars. Most projects are expected to have their TGE within 1 to 2 months.In addition, the seven project parties have committed to distributing 100% of the airdrop rewards obtained from the Bitlayer Dapp leaderboard competition to users. Users can participate in any project interactions, such as adding liquidity, trading, staking, and borrowing assets, to receive dual airdrop rewards from both the projects and Bitlayer. Users can participate in the main event through the Bitlayer official website or join the event on the People's Launchpad platform to obtain an exclusive badge SBT, which can be exchanged for Bitlayer ecological rights in the future.

ChainCatcher news, the original Merlin Chain ecological lending protocol Avalon Finance announced its expansion to the BNB Chain and Arbitrum chain. In addition, it has partnered with Solv Protocol to launch an event that offers a 1.5x Avalon points boost for SolvBTC deposits, lasting for one week.

ChainCatcher news, according to official sources, the AI metaverse game AVALON has completed a $10 million financing round, led by BITKRAFT Ventures and HASHED, with participation from Coinbase Ventures, Foresight Ventures, Delphi Digital, Spirit DAO, Sanctor Capital, DEXT Force Ventures, Follow the Seed, LVT Capital, Andromeda Capital, FocusLabs, LiquidX, and Momentum6.It is reported that the studio plans to release a massively multiplayer online game, Avalon, with a closed early access version set to launch later this year. The Avalon metaverse will combine technologies such as Unreal Engine 5 with an AI-assisted user-generated content system. In addition, the upcoming NFT series for Avalon will introduce AI-driven avatar NFTs.

ChainCatcher news, according to official sources, the first lending protocol of Merlin Chain, Avalon Finance, has surpassed a TVL of 100 million USD just one week after its launch, with over 7,000 users, making it the largest lending protocol in both Merlin Chain and the entire BTC ecosystem. It also set the record for the fastest TVL growth of any DeFi lending protocol in DeFi history. Avalon Finance has launched a community airdrop plan, with an airdrop ratio of up to 20%.According to the crypto data platform RootData, Avalon Finance completed a 1.5 million USD seed round financing in March, with participation from SNZ Capital, Summer Capital, Matrixport Ventures, Spark Digital Capital, and Web3Port Foundation.

ChainCatcher news, the Merlin Chain lending protocol Avalon Finance has launched a community airdrop plan, with an airdrop ratio of up to 20%.It is reported that this airdrop will serve as a reward for the community upon the launch of Avalon Finance. Users can deposit mainstream assets such as BTC, ETH, USDT, USDC into the Main Pool, and deposit inscription assets and NFT assets into the Innovation Pool.

ChainCatcher news, the Merlin Chain ecological lending protocol Avalon Finance announced the completion of a $1.5 million seed round financing, with participation from SNZ Capital, Summer Capital, Matrixport Ventures, Spark Digital Capital, and Web3Port Foundation. The funds from this round will be used for platform development and technological innovation.It is reported that Avalon Finance is a one-stop DeFi lending protocol based on the Bitcoin ecosystem, providing services such as lending, algorithmic stablecoins, RWA, and derivatives trading. Avalon Finance will introduce on-chain and off-chain liquidity to help the development of the Bitcoin DeFi ecosystem.

ChainCatcher news, the community of the Cosmos ecosystem smart contract platform Injective is voting on the Avalon mainnet upgrade proposal, which will optimize L1 scalability, sub-second block times, and PoS delegation transformation.It is reported that the current support rate for the proposal is 99.61%, and the number of voters has reached the effective threshold. Voting will end on June 1. If the vote passes, the upgrade is expected to take place later this week. (Source link)

ChainCatcher news, the metaverse gaming platform Avalon Corp has completed a $13 million financing round, led by Bitkraft Ventures, Hashed, Delphi Digital, and Mechanism Capital, with participation from Coinbase Ventures, Yield Guild Games, Merit Circle, Avocado Guild, and Morning Star Ventures.It is reported that Avalon Corp, headquartered in Florida, will build an interoperable digital world using game engines and blockchain technology, addressing issues such as real-time interaction and scalability. (source link)