Anchorage Digital Boosts $ENA Holdings As Ethena Labs Faces Scrutiny And $USDe Gains Momentum

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

The Big Role Ethena’s USDE Could Play in Hyperliquid’s Upcoming Mainnet

Ethena has proposed integrating its liquidity and hedging engine into Hyperliquid, a layer one (L1) blockchain set to launch its EVM mainnet. The proposal includes adding USDE, Ethena’s stablecoin, within the Hyperliquid ecosystem upon mainnet launch. Ethena Eyes Hyperliquid’s Rapid Growth for Next Phase of USDE Expansion The proposal outlines a cautious approach to integrating … Read more

$ENA Sees Strong Accumulation As Smart Traders Dive In, Price Surges 55% In A Week

$ENA has entered the Accumulation Zone according to Smart Dex Traders, signaling a strong buy trend. Over the past seven days, these savvy traders have acquired 1.34 million $ENA tokens, worth around $506,100, at an average price of $0.32. As of now, the price of $ENA has surged to $0.40, reflecting a solid return for … Read more

Ethena Revises Airdrop Conditions: Key Changes And Market Implications

Ethena has recently updated the claim conditions for the second phase of its ENA airdrop, introducing several significant changes that may impact both token holders and the broader market. First, the original requirement that 50% of the airdropped ENA tokens must be re-staked has been canceled, allowing participants to withdraw all their airdropped tokens without … Read more

USDE Drops to 5th Place Among Stablecoins as FDUSD Jumps Ahead

Current stablecoin metrics show that USDE, the popular yield-bearing stablecoin, has slipped to fifth place among the top U.S. dollar-pegged tokens by market capitalization. Over the past three days, Ethena’s USDE supply has decreased by 130 million, pushing First Digital’s FDUSD into the fourth largest spot. Stablecoin Shakeup: USDE Slips to 5th, FDUSD Rises to … Read more