The post Anthony Scaramucci Backs Avalanche as ‘Swiss Army Knife’ of Layer-1 Platforms appeared on BitcoinEthereumNews.com. SkyBridge Capital founder describes Avalanche’s subnet functionality and enterprise appeal Former White House communications director maintains $180-200K Bitcoin price targets Platform advances $1 billion fundraising through Hivemind Capital and Dragonfly partnerships Anthony Scaramucci, founder of SkyBridge Capital and former White House communications director, has expressed strong confidence in Avalanche’s blockchain technology through direct investment. During a September 22 CNBC interview, Scaramucci characterized the platform as “a Swiss Army knife of Layer-1 blockchain platforms,” emphasizing its flexibility and enterprise applications. The investor’s endorsement focuses on Avalanche’s subnet functionality, which allows organizations to create customized blockchains for tokenized funds, securities, and digital assets. This capability helps companies manage operational and regulatory requirements more efficiently compared to single-purpose blockchain solutions. Institutional Adoption Drives Investment Thesis Scaramucci highlighted major institutional adoption by companies including BlackRock and Visa as evidence of Avalanche’s growing credibility alongside established platforms like Ethereum and Solana. This enterprise adoption provides practical validation of the blockchain’s long-term viability in finance and tokenized asset management sectors. The SkyBridge founder’s investment approach prioritizes platforms that combine technical capabilities with practical business applications. Avalanche’s architecture supports low-latency transaction processing, customizable subnets, and high throughput, helping financial firms and payment processors explore blockchain solutions effectively. While backing Avalanche, Scaramucci maintains his optimistic Bitcoin outlook with year-end 2025 price targets between $180,000 and $200,000. He previously described this projection as “cautious” during remarks at the Wyoming Blockchain Symposium, indicating his broader confidence in digital asset markets. Scaramucci’s endorsement coincides with Avalanche’s strategic expansion efforts. The platform plans to raise $1 billion through two U.S.-based cryptocurrency treasury vehicles, according to Financial Times reporting. The first deal involves Hivemind Capital leading a private investment of up to $500 million in a Nasdaq-listed company. The second vehicle targets $500 million through a SPAC structure backed by Dragonfly Capital, with… The post Anthony Scaramucci Backs Avalanche as ‘Swiss Army Knife’ of Layer-1 Platforms appeared on BitcoinEthereumNews.com. SkyBridge Capital founder describes Avalanche’s subnet functionality and enterprise appeal Former White House communications director maintains $180-200K Bitcoin price targets Platform advances $1 billion fundraising through Hivemind Capital and Dragonfly partnerships Anthony Scaramucci, founder of SkyBridge Capital and former White House communications director, has expressed strong confidence in Avalanche’s blockchain technology through direct investment. During a September 22 CNBC interview, Scaramucci characterized the platform as “a Swiss Army knife of Layer-1 blockchain platforms,” emphasizing its flexibility and enterprise applications. The investor’s endorsement focuses on Avalanche’s subnet functionality, which allows organizations to create customized blockchains for tokenized funds, securities, and digital assets. This capability helps companies manage operational and regulatory requirements more efficiently compared to single-purpose blockchain solutions. Institutional Adoption Drives Investment Thesis Scaramucci highlighted major institutional adoption by companies including BlackRock and Visa as evidence of Avalanche’s growing credibility alongside established platforms like Ethereum and Solana. This enterprise adoption provides practical validation of the blockchain’s long-term viability in finance and tokenized asset management sectors. The SkyBridge founder’s investment approach prioritizes platforms that combine technical capabilities with practical business applications. Avalanche’s architecture supports low-latency transaction processing, customizable subnets, and high throughput, helping financial firms and payment processors explore blockchain solutions effectively. While backing Avalanche, Scaramucci maintains his optimistic Bitcoin outlook with year-end 2025 price targets between $180,000 and $200,000. He previously described this projection as “cautious” during remarks at the Wyoming Blockchain Symposium, indicating his broader confidence in digital asset markets. Scaramucci’s endorsement coincides with Avalanche’s strategic expansion efforts. The platform plans to raise $1 billion through two U.S.-based cryptocurrency treasury vehicles, according to Financial Times reporting. The first deal involves Hivemind Capital leading a private investment of up to $500 million in a Nasdaq-listed company. The second vehicle targets $500 million through a SPAC structure backed by Dragonfly Capital, with…

                                                                               Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle.                     Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more