Key Highlights: MemeCore (M) rallied nearly 44% over the past week to trade near $0.97, facing critical resistance at $0.976 with potential expansion toward $1.75. Ethena ($ENA) recorded an 8% gain into late October, with narrowing Bollinger Bands around $0.205 signaling an imminent volatility breakout. Zcash ($ZEC) climbed 7% to $1,228, bolstered by $41.1 million ...
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: Large token movements from a major Ethena holder were confirmed to be protective asset migrations rather than sell-offs, following recent hardware wallet security issues. The precautions stem from a physical supply-chain breach affecting Ledger hardware wallets distributed by Southeast Asian reseller CryptoBilis, where covert chips intercepted seed phrases. Hardware wallet security concerns have ...
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 Ether.fi is partnering with Ethena to introduce a native stablecoin, dubbed ether.fi USD, leveraging Ethena’s Whitelabel infrastructure. The new dollar token aims to support over $300 million in existing stablecoin deposits and integrate directly with ether.fi Cash, which has surpassed $1 billion in total spend. Ether.fi follows platforms like Jupiter, MegaETH, and Sui ...
Key Highlights An estimated gross total of nearly 1.5 billion $ENA tokens—equivalent to 10% of total supply and roughly 14.9% of circulating supply—is scheduled to unlock on October 5. Tracking services display conflicting figures ranging from 171.88 million to over 1.57 billion $ENA following a schedule modification that compressed monthly investor releases into a single ...
Key Highlights: Quant rallied after The Clearing House selected the firm to support its On-Chain Money Initiative for clearing tokenized bank deposits by the first half of 2027. Midnight surged 96.5% following the launch of permissionless smart contract deployments on mainnet and upgraded wallet features. Lighter plummeted 28.7% amid Robinhood’s perpetual-futures expansion, while Ethena slipped ...
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 ...
Crypto Market Shifts to Defensive Posture Amid Rising Yields and Rate-Hike Fears This week, the cryptocurrency market adopted a more defensive setup. Rising Treasury yields, climbing oil prices, and growing expectations for Federal Reserve rate hikes pressured risk assets, pushing Bitcoin (BTC) below the $77,000 threshold. However, the sell-off was not uniform across the board. ...
Ethena is expanding the collateral backing for its yield-bearing synthetic dollar, $USDe, into basis trades on equity perpetuals, also known as real-world asset (RWA) tokenization…
Ethena is expanding its funding trade into equity perpetuals as the protocol seeks new sources of returns after the supply of $USDe fell below $5…