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…