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- Avalanche transactions surged 66% to 11.9M across 181,300 addresses in one week.
- US banks processed $312B for suspected Chinese money launderers, exceeding crypto’s illicit volume.
- CFTC now allows offshore exchanges to legally serve US investors, boosting market liquidity.
Avalanche (AVAX) has surged ahead as the fastest-growing blockchain this week, recording a remarkable 66% increase in transactions. At the same time, US regulators are reshaping the crypto landscape, tackling traditional finance money laundering and opening pathways for offshore crypto exchanges to legally serve American investors. These developments highlight a pivotal moment for both blockchain adoption and regulatory evolution.
Avalanche Sees Record Transaction Activity
According to crypto analytics firm Nansen, Avalanche recorded 11.9 million transactions across 181,300 active addresses over the past week—a 66% surge from previous levels. The spike underscores the growing adoption of Avalanche’s smart contract-focused network, designed for enhanced scalability and usability.
Investor confidence has been further bolstered by the US government’s recognition of Avalanche technology and renewed ETF filings tied to AVAX. These catalysts position Avalanche as a blockchain network increasingly embraced by both retail and institutional participants.
US Banks Facilitate Billions in Suspected Money Laundering
While crypto often faces scrutiny over illicit activity, a recent FinCEN report paints a stark picture for traditional finance. Between 2020 and 2024, US banks reportedly processed $312 billion for suspected Chinese money launderers.
FinCEN noted that these networks often cooperate with Mexico-based drug cartels, forming a cross-border money laundering pipeline. In contrast, the total illicit crypto volumes over the same period were approximately $189 billion, according to Chainalysis. The data emphasizes that traditional banks remain a significant channel for illegal financial activity, challenging common crypto stereotypes.
Offshore Exchanges Gain Regulatory Clarity
The US Commodity Futures Trading Commission (CFTC) announced a pathway for offshore crypto exchanges to legally serve American clients via the Foreign Board of Trade (FBOT) framework. Acting Director Caroline Pham highlighted that this move will increase market liquidity, allow efficient trading for US investors, and integrate global exchanges with US regulations.
“This framework is a win for American traders who seek safe, compliant access to offshore platforms,” Pham stated, signaling a broader regulatory embrace of cross-border crypto operations.
Also Read: Cointel Raises $7.4M in Strategic Round Led by Avalanche and Sugafam Inc.
Avalanche’s transaction surge, coupled with evolving US regulatory measures, signals a transformative period for the crypto ecosystem. Investors and users are now navigating a landscape where blockchain growth and regulatory oversight intersect, potentially shaping the future of both digital assets and global financial flows.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
