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Ethena today is one of the hottest altcoins you can buy today. As it has registered a stunning 14% gain in the past 24 hours, while keeping its monthly gain at 145.61%. Priced at $0.6445, ENA’s market cap has grown to $4.09B, ranking it among the top rising DeFi tokens. Talking about drivers, the ma…
Ethena is currently retesting its previous breakout zone between $0.37 and $0.45, a key level that could define its next major move. The price action remains structurally bullish, with strong support holding after a multi-phase correction. If the ENA price sustains momentum above $0.46, it could in…
The Decentralized Finance (DeFi) space has recently witnessed a surge in activity, with protocols like Hyperliquid and Ethena gaining attention and proving successful. Despite their growth, many have questioned whether these protocols are truly decentralized. Are these successes a fluke or a sign of…
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.It's Friday! Bankrupt crypto exchange FTX began distributing over $5 billion this morning, with eligible creditors set to receive funds via Bitgo or Kraken within one to three business days…
Yield-bearing stablecoins have soared to $11 billion in circulation, representing 4.5% of the total stablecoin market, a steep climb from just $1.5 billion and a 1% market share at the start of 2024.One of the biggest winners is Pendle, a decentralized protocol that enables users to lock in fixed yi…
Ethena's app update could lead to a price surge for ENA and SENA, as it allows users to onboard fiat directly and swap stablecoins to USDe. Bridging USDe to 22 chains enhances accessibility and utility, attracting more users. These updates simplify the overall transaction process, making Ethena's ec…
Today in crypto, a new report from crypto exchange Coinbase paints a grim picture of a shrinking crypto market but expects a potential rebound later in 2025, Strive is urging Inuit to buy Bitcoin after it successfully convinced GameStop to do so, and Ethena Labs exited Germany after regulators flagg…
Today in crypto, Ethena Labs has exited the German market after regulators flagged “deficiencies” in its USDe stablecoin. In El Salvador, new data from the central bank shows that only 11% of registered Bitcoin service providers are currently active. Meanwhile, Emblem Vault CEO Jake Gallen claims he…
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.Happy Tuesday! While a dovish surprise from the Fed tomorrow could provide a short-term boost, bitcoin will likely continue consolidating in the absence of clear catalysts, 21Shares Crypto …
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.I hope you had a good weekend, folks. Prices fell this morning as the memecoin frenzy continues to cool and crypto participants digest Bybit's record-breaking exploit, but we'll still do ou…
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.It's Friday! Just when things were starting to look a little brighter, with the crypto crackdown era continuing to fade, the industry faces its biggest hack yet! Never a dull moment in this…
Reeve Collins, one of the original founders of Tether, is launching his own stablecoin, Bloomberg reported on Tuesday. Like some new entrants into the stablecoin fold, such as Ethena and M^0, Collin’s Pi Protocol will offer holders yield likely earned on tokenized real-world assets. This stands apar…