Avalon Labs Launches AVL Token on Bybit with Staking and Rewards

Daily Top Performer — AI Rig Complex (ARC)

The S&P 500 rose 0.03% as investors awaited the CPI report and Powell’s testimony, with no imminent rate cuts expected. Gold regained $2,900 amid USD weakness, maintaining a bullish trend despite overbought conditions. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 2.11%, with Bitcoin and Ether dropping by 2.15% and 1.64%, respectively in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this link.

Today’s top performer is ARC, which surged nearly 16.6% following the unveiling of its streamlined token launch mechanism.

AI Rig Complex (ARC), launched in 2024, is a high-performance AI framework built with Rust, enabling intuitive, context-aware interactions. Its core platform, Playgrounds, integrates multiple LLMs and AI workflows, streamlining development while eliminating vendor lock-in. ARC introduces a new token launch mechanism that optimizes liquidity and fees while focusing on ecosystem potential. Prioritizing simplicity and integration, it avoids arbitrary constraints, enabling a more curated and deliberate value creation process.

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Talk of the Town

Avalon Labs is launching its AVL token on Bybit’s Spot trading platform on February 12, 2025, with deposits opening on February 11 and withdrawals on February 13. AVL serves as a governance token within Avalon’s ecosystem, offering staking rewards, governance participation, and fee discounts. The launch includes a trading contest and deposit event with a total prize pool of 1.8 million AVL. Avalon’s ecosystem also features USDa, a Bitcoin-backed stablecoin designed for stability and DeFi utility. Bybit’s listing aims to enhance AVL’s liquidity and adoption while supporting Avalon’s broader financial products.

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Bitcoin Spot ETF Flows

Yesterday, BTC Spot ETFs had a net outflow of $80.5M, entirely from non-GBTC funds, while GBTC remained unchanged.

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Airdrop to Watch

Story Protocol will airdrop 10% of $IP supply—5% via Direct Claims on Mainnet launch and 5% to Ecosystem Projects for user distribution. Eligibility includes Odyssey Badge, Chronicles & Kaito Genesis NFT holders, active community members, and Story Yappers. Sybil detection used clustering algorithms and Gitcoin Passport.

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