PANews reported on October 2 that according to Businesswire, digital asset treasury company Avalanche Treasury announced that it has reached a $675 million merger transaction agreement with Mountain Lake Acquisition, which is a Nasdaq-listed company, but needs to obtain approval from regulators and shareholders. Avalanche Treasury expects to be listed on the Nasdaq exchange in the first quarter of 2026 through this merger transaction.


Market participants are eagerly anticipating at least a 25 basis point (BPS) interest rate cut from the Federal Reserve on Wednesday. The Federal Reserve, the central bank of the United States, is expected to begin slashing interest rates on Wednesday, with analysts expecting a 25 basis point (BPS) cut and a boost to risk asset prices in the long term.Crypto prices are strongly correlated with liquidity cycles, Coin Bureau founder and market analyst Nic Puckrin said. However, while lower interest rates tend to raise asset prices long-term, Puckrin warned of a short-term price correction. “The main risk is that the move is already priced in, Puckrin said, adding, “hope is high and there’s a big chance of a ‘sell the news’ pullback. When that happens, speculative corners, memecoins in particular, are most vulnerable.”Read more
