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A fresh swell of activity is washing over decentralized finance (DeFi) as WLFI—an outfit that appears to be backed by the Trump family—makes news with significant movements of digital assets. In the past 24 hours, WLFI has done a big sale of 184,000 ENA tokens (don’t ask; we don’t know what ENA tokens are, either). … Read more
Amber Group, one of the most influential market makers in the crypto space, has made headlines with its latest token moves. In a surprising turn of events, the firm has deposited a jaw-dropping $10.35 million worth of tokens to Binance over the past 15 hours. This massive influx of tokens into the exchange has left … Read more
Ethena, a rapidly growing venture in decentralized finance (DeFi) that is known for its USDe stablecoin, has recently been weathering a storm. The theft of funds from the Bybit exchange has caused Ethena’s share of USDe derivative hedging positions on the platform to plummet. At present, Ethena has a mere 14% of its USDe positions … Read more
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
In a surprising yet confident declaration, a whale has thrown 8 million USDC into the Hyperliquid platform over the past 17 hours—a stake that signals a potent belief in the future of $HYPE, the platform’s native token. This sizable investment appears to come on the back of some substantial losses that this whale had suffered. … Read more
A DeFi project named WLFI, backed by the Trump family, has undertaken some aggressive moves in the cryptocurrency space. In what can only be described as a strange twist in the world of politically motivated cryptocurrency projects, WLFI is making waves in the crypto space by spending the equivalent of $308.7 million buying up a … Read more
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
In a dramatic move, World Liberty Financial (WLFI) has significantly increased its cryptocurrency holdings, adding assets worth over $46 million in a single hour. This announcement aligns with the celebration of the newly elected 47th President of the United States, showcasing a unique blend of ceremony and strategic financial maneuvering. Breakdown of Holdings Update WLFI’s … Read more
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
