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

Ethena Labs Launches $USDtb Stablecoin Backed By BlackRock’s BUIDL

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

Ethena’s $USDe Supply Nears $6 Billion Amid Explosive Growth And Rising On-Chain Demand

Ethena’s $USDe stablecoin is rapidly approaching a supply of $6 billion, marking a remarkable 140% increase since its October lows. While this growth is significant, $USDe still holds just a 2.83% market share, highlighting its potential for further expansion as it continues to gain traction in the stablecoin sector. Although far from challenging dominant players … Read more

Ethena Labs Launches Stablecoin Backed by Blackrock’s BUIDL Fund 

Ethena Labs has introduced USDtb, a stablecoin that’s got the backing of Blackrock’s USD Institutional Digital Liquidity Fund (BUIDL). Ethena Unveils USDtb, a New Stablecoin With Blackrock Support Crafted in collaboration with Securitize, a top dog in real-world asset (RWA) tokenization, USDtb brings cash-backed steadiness and the magic of cross-chain operations to the table. This … Read more