Key Highlights: Wallets linked to Arthur Hayes withdrew 14.15 million USDC from cryptocurrency trading platforms, signaling an active reverse transfer of stablecoins. On-chain analyst EmberCN tracked $28.81 million in total multi-asset transfers across two days, interpreting the transactions as an ongoing token liquidation process. The monitored portfolio includes Ethereum, ENA, UNI, ETHFI, AERO, PENDLE, and ...
Key Highlights: Approximately $50 million worth of $ENA tokens moved to centralized exchanges following a recent token unlock. On-chain data indicates the large-scale transfers occurred within a week of the unlocking event. Transacting wallets have been linked to prominent venture firms, including YZi Labs, D1 Ventures, and Tron VC. Major Inflows to Centralized Exchanges Following ...
Key Highlights: Standard Chartered expects Ethena’s $USDe supply to reach $40 billion as the stablecoin expands beyond its traditional crypto basis trade. Ethena’s fee switch directs 95% of net revenue toward $ENA buybacks after specified $USDe supply milestones are reached. The bank forecasts the tokenized-asset market will grow from about $350 billion to $4 trillion ...
Key Highlights Standard Chartered says Ethena’s $ENA token could rise sevenfold if $USDe reaches $40 billion in supply and buybacks normalize. Ethena’s approved buyback program begins when $USDe supply reaches $7.5 billion, with revenue allocation rising to 20% at $20 billion. Remaining investor unlocks will be released on Oct. 5, while about 12% of $ENA ...
Key Highlights Ethena launched its RWA basis trading expansion on Binance, utilizing bStocks and USDT-denominated perpetuals to target an 11% average yield—nearly double short-term U.S. Treasury returns. The protocol’s basis trade allocation has surged from 1% during the 2024 crypto winter to approximately 20% of $USDe’s yield backing, with Ethena projecting the equity perpetuals market ...
Key Highlights Ethena Protocol will halt all $USDe token incentives and inflation by end of September, marking a full transition to a sustainable yield model. $ENA token price surged to $0.28, leading altcoin gains, as markets reacted to the incentive wind-down and a new Binance partnership. Ethena is expanding its basis trade strategy into tokenized ...
Key Highlights Arthur Hayes purchased 25.33 million $ENA tokens for $5.53 million and now holds an unrealized profit of $3.28 million. The prominent crypto trader has set a bullish price target of $0.50 for the Ethena Labs governance token. Market data shows $ENA currently trading with zero reported 24-hour volume, suggesting a thin market that ...
Ethena ($ENA) is expanding beyond its yield-generating dollar business with Ethena Pay, a consumer finance app designed to package stablecoins into a bank account-like experience….
Ethena Foundation Announces Major Ecosystem Updates: Buyback Proposal, End to VC Overhang, and IP Realignment The Ethena Foundation has unveiled four significant ecosystem updates that…