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Ethena Labs has unveiled its latest product, $USDtb, a stablecoin backed by BlackRock’s BUIDL. Designed to maintain a 1:1 peg, each $USDtb token is supported by cash or cash-equivalent reserves, ensuring its stability. Users can freely transfer $USDtb tokens without facing any restrictions. A standout feature of $USDtb is its backing by BlackRock’s BUIDL, which … Read more
On Sunday, the crypto market economy has held steady at a whopping $3.66 trillion, climbing roughly 1.82% in the last day. Today’s star performer is Ethena’s ENA, which skyrocketed by 23.08% over the past 24 hours. Meanwhile, the Bitcoin-based meme coin known as dog go to the moon (DOG) has leaped 15.41%. Crypto Market Holds … Read more
The CeDeFi stablecoin has attracted billions of inflows due to double-digit staking yields. Go to Source
In a significant transaction, an address linked to Amber Group withdrew 6.92 million ENA tokens from Binance approximately 10 hours ago. The withdrawal, valued at $4.78 million, has been split between two wallet addresses. Notably, the tokens sent to the receiving address have yet to be sold or transferred further. Amber Group 关联地址 10 小时前从 … Read more
BitMEX founder Arthur Hayes has made headlines again, withdrawing 10.36 million ENA tokens worth $7.49 million from Binance. Over the past two days, Hayes has accumulated a total of 16.79 million ENA from Binance, Bybit, and Wintermute Trading. His average purchase price for the tokens is estimated at $0.666, translating to an investment of $11.19 … Read more
According to Deribit, the exchange will include USDe in its cross-collateral pool as of early January 2025, pending regulatory approval. Go to Source
The Ethena Foundation has announced that the proposal by @wintermute_t to activate a fee switch for $ENA has been approved by the Risk Committee. This marks a significant development for the token, with the Foundation now collaborating with the committee to finalize the parameters for activation by November 30. Details on the precise implementation mechanics … Read more
Now the protocol is working on a value accrual mechanism for ENA stakers. Go to Source
The decentralized application (DApp) space continued to show impressive revenue growth in Q3 2024, with a range of platforms across various blockchain ecosystems generating millions. Here’s a closer look at some of the highest-earning DApps this quarter. Leading the charge is Pump.fun, a Solana-based platform for minting memecoins, which saw record-breaking growth, generating $262 million. … Read more
In a significant move, a newly active wallet, 0xc04—associated with Anchorage Digital—made a notable withdrawal of 10.7 million $ENA (worth approximately $3.96 million) from Binance just 8 hours ago. This transaction stands as Anchorage Digital’s largest single $ENA trade to date, positioning $ENA among its top assets. The fresh wallet 0xc04 (linked with Anchorage Digital) … Read more