AVALANCHE FOUNDATION BUYS BACK $52 MILLION WORTH OF AVAX TOKENS FROM DO KWON'S DEFUNCT 'LUNA FOUNDATION GUARD'

Summary from the TLDR Crypto newsletter

The Avalanche Foundation has repurchased $52M worth of AVAX tokens from the defunct Luna Foundation Guard, closing its involvement with Do Kwon's failed Terra stablecoin project. The tokens will support grants, incubators, and events to boost the Avalanche ecosystem.