Despite the broader crypto market seeing a downturn on Monday, Avalanche AVAX/USD emergedas the highest gainer in the top 20cryptocurrencies, up over 6% in the past 24 hours.
Avax is up over 76% in the past 7 days, which is the highest reported gain among the top 20 cryptocurrencies for the past week.
What Happened: Based on Coinshares data, digital asset investment products recorded their 11th consecutive week of inflows with $43 million. The digital asset manager highlighted thatSolana SOL/USD and Avalanche saw inflows of $3 million and $2 million respectively, remaining firm favorites in the altcoin space.
Meanwhile, Crypto Analyst, Jacob Canfield, took to his X handle on Dec. 6 to share his bullish take onAVAX.I think this will be a big winner in the coming weeks. It's got a great narrative with GameFi right now, he tweeted.
Notably, data from IntoTheBlock highlighted transactions greater than $100,000 stood at $1.12 billion in the past 7-day period. On Dec. 6, the AVAX token witnessed almost 1000 transactions which were bigger than $100,000.
Why Does It Matter: The Block quotedCoinShares analyst Max Shannon, saying, In November, JPMorgan and Apollo also announced news that Avalanche would be used to test real-world asset tokenization, which is likely supportive of price action.
AVAX was recently listed by Coincheck highlighting the tokens progress. Also, Avalanche allocated more than $275 million, as of Dec. 7, in AVAX for rewarding its validators in the past year, CCN reported.
Meanwhile, AVAX generated only $11.5 million in user fees. This highlights the communitys efforts topreservea strong and decentralized network infrastructure.
Also Read:What's Going On With Crypto Markets? Board Bleeds Red, 2023 Rally Witnesses Drop
The Pope has said he is “deeply saddened” by the deaths of three people in an Israeli strike on the only Catholic church in Gaza.
A further nine people were wounded when the Gaza’s Holy Family Church was hit, the Latin Patriarchate of Jerusalem said in a statement.
“On behalf of the entire Church of the Holy Land, we extend our deepest condolences to the bereaved families, and from here, we offer our prayers for the swift and full recovery of the wounded,” the statement reads.
“The Latin Patriarchate strongly condemns this tragedy and this targeting of innocent civilians and of a sacred place.
“However, this tragedy is not greater or more terrible than the many others that have befallen Gaza.”
Parish priest Father Gabriele Romanelli, an Argentinian who used to regularly update the late Pope Francis about the conflict in Gaza, was lightly injured in the attack.
Image: Parish priest of the Church of the Holy Family, father Gabriele Romanelli, receives medical attention.
Pic: Reuters
In a telegram for the victims, Pope Leo said he was “deeply saddened” and called for “an immediate ceasefire”.
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The Pope expressed his “profound hope for dialogue, reconciliation and enduring peace in the region,” according to the telegram, which was signed by the Vatican Secretary of State Cardinal Pietro Parolin.
Cardinal Pierbattista Pizzaballa, the Latin Patriarch of Jerusalem, told the Vatican News website that the church was shelled by a tank.
“What we know for sure is that a tank, the IDF says by mistake, but we are not sure about this, they hit the Church directly, the Church of the Holy Family, the Latin Church”, he said
The church was sheltering both Christians and Muslims, including a number of children with disabilities, according to Fadel Naem, acting director of Al-Ahli Hospital, which received the wounded.
Image: Pope Leo XIV. File pic: Reuters
The Israel Defence Forces (IDF) said it was “aware of reports regarding damage caused to the Holy Family Church in Gaza City and casualties at the scene. The circumstances of the incident are under review”.
“The IDF makes every feasible effort to mitigate harm to civilians and civilian structures, including religious sites, and regrets any damage caused to them,” the statement added.
Israel’s foreign ministry said in a statement on X that the results of the investigation would be published.
It also said the country did not target churches or religious sites and regretted harm to them or civilians.
The previous pope, Francis, spoke almost daily with Gaza church. In the last 18 months of his life, Francis would often call the church in the Gaza Strip to see how people huddled inside were coping with a devastating war.
At least 20 more people were killed on Thursday by Israeli attacks across the besieged enclave, medics said.
Throughout the 21-month war, more than 58,000 Palestinians have been killed by Israel’s military campaign, according to Gaza’s health ministry, which does not distinguish between civilians and combatants in its count.
Israel launched a retaliatory campaign against Hamas following the militant group’s 7 October 2023 attacks, during which 1,200 people were killed and about 250 taken hostage.
Syria’s president has said protecting the rights of the Druze population is “our priority” after Israel warned it would destroy forces attacking the minority.
In a televised statement early today, Ahmed al Sharaa told the Druze “we reject any attempt to drag you into hands of an external party”.
Several hundred people have reportedly been killed this week in the south of Syria in violence involving local fighters, government authorities and Bedouin tribes.
Following the president’s announcement and a ceasefire agreement, Syrian government forces on Thursday largely withdrew from the volatile southern province of Sweida.
Under the terms of the agreement, Druze factions and clerics have been appointed to maintain internal security.
Benjamin Netanyahu’s government has pledged to “act resolutely against any terrorist threat on its borders”.
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The Druze population follow an offshoot of Islam and are estimated to number about one million, spread between Syria, Lebanon and Israel.
Sharaa – Syria’s interim leader after President Assad fled last year – gave a televised statement on Wednesday telling the Druze “we reject any attempt to drag you into hands of an external party”.
“We are not among those who fear the war,” he added.
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Moment Israel strikes Syrian military HQ
“We have spent our lives facing challenges and defending our people, but we have put the interests of the Syrians before chaos and destruction,” said the president.
He also claimed Israel has “consistently targeted our stability and created discord among us since the fall of the former regime”.
Israel has accused the Syrian regime of being barely disguised jihadists – despite warming ties with Western countries such as the UK and US.
The UK-based Syrian Observatory for Human Rights said, as of Wednesday morning, more than 300 people had been killed in the flare-up of violence.
Around 1,000 Druze people broke through a fence into southern Syria on Wednesday in a bid to help, according to The Times of Israel.
Prime Minister Netanyahu urged people not to cross into Syria and Israeli military chief of staff Eyal Zamir warned they would not “allow southern Syria to become a terror stronghold”.
The UN Security Council will discuss the situation today, despite the US secretary of state saying yesterday that America had brokered an end to the violence.
“We have engaged all the parties involved in the clashes in Syria,” Marco Rubio said on social media.
“We have agreed on specific steps that will bring this troubling and horrifying situation to an end tonight.”
Image: Syrian soldiers were seen pulling out of Sweida overnight. Pic: Reuters
The intervention appeared to have an immediate effect.
The situation was calm on Thursday morning, according to Reuters sources in the area.