Ethena Labs Transforms into Institutional DeFi Powerhouse Amid Expanding Product Suite

Once known just as a synthetic dollar provider in the DeFi world, Ethena Labs is on an important transformation path. The protocol is becoming an institutional DeFi platform that’s focused on compliance and traditional finance (TradFi) in order to bridge that space and the blockchain economy. Ethena will soon unveil a multi-product suite, and compliant … Read more

$ENA Token Unlock: The Potential Impact on the Market

The decentralized stablecoin protocol Ethena has associated with it the $ENA token. This token is just about to unlock a very large number of tokens and to do so is expected to have many effects—some deleterious, we suspect—for the project and its investors. In the next few days, approximately 2.06 billion $ENA tokens unlocking will … Read more

Whale Dumps $ENA Tokens After Huge Losses: A Deep Dive into One of the Largest $ENA Stakeholders’ Move

In the turbulent realm of cryptocurrency, large investors—large holders of a token, known as whales—usually cause a stir when they make a move. Just recently, a whale known by the wallet address 0x8f9 made a big one by unstaking all of their 17.875 million $ENA tokens (worth about $8.78 million) and transferring them to Binance … Read more