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As global authorities continue to wrestle with how to regulate cryptocurrencies, the U.K. Law Commission on Thursday proposed changes to clarify how property laws apply to digital assets in England and Wales.
Avalanche (AVAX) is leading the gains among the top-20 largest cryptocurrencies by market capitalization.
AVAX, the coin powering the layer-1 blockchain, gained 14.18% and has seen a 23% uptick in trading volume over the past 24 hours.
The coin currently trades at around $29.
Coinbase claims it had “no financing exposure” to failed crypto firms Celsius Network, Three Arrows Capital (3AC), or Voyager Digital, hoping to soothe concerns that the exchange might have been at risk of a liquidity crunch.