Ethena’s ENA Token Shows Promise Despite Recent Volatility

Ethena’s ENA token has experienced a dynamic week, rising 19% over the past seven days. However, recent market movements have seen GSR Markets, a key market maker for ENA, deposit 5.5 million ENA tokens worth $4.84 million into Gate.  This action coincided with a 5.4% drop in ENA’s price over the past 24 hours and … Read more

Ethena Surges 9% As Galaxy Digital Initiates Major Purchase Amid Airdrop Dynamics

Excitement brews in the cryptocurrency community as Ethena experiences a notable 9% surge in value today. However, amidst this upward momentum, significant developments regarding token distribution and market dynamics have come to light. In a move to enhance token distribution and decentralization, Ethena has implemented a phased airdrop strategy. The top 2000 Ethena holders will … Read more

USDE and FDUSD Experience Brief Depegs Amid Saturday’s Crypto Market Shake-Up

The fifth-largest stablecoin in the crypto economy by market capitalization, Ethena’s USDE, temporarily detached from its peg on Saturday amid market declines. Data reveals that the token, designed to mirror the U.S. dollar’s value, declined to $0.965 each. Similarly, the market witnessed the fourth largest stablecoin, FDUSD, fall to a low of $0.9557 per coin. … Read more

Arthur Hayes Introduces New ‘Risk Radar’ for Ethena’s USDE Stablecoin

Following criticism of Ethena’s USDE stablecoin, which brought back memories of the Terra blockchain’s Anchor protocol failure, Ethena backer Arthur Hayes introduced a risk tracker by intotheblock.com that monitors aspects like the token’s adherence to its U.S. dollar peg. Intotheblock.com’s Ethena Risk Radar Dashboard At the time of reporting, Ethena’s recently launched USDE stablecoin boasts … Read more

Ethena Surges To New All-Time Highs Amidst Strong Investor Interest

Ethena, a crypto-native solution built on the Ethereum blockchain, continues to impress as it achieves new all-time highs, reaching $1.497 with a remarkable 15% gain today alone. In a flurry of recent activity, two Wintermute addresses received a substantial amount of ENA tokens from the Ethena project, totaling 8.43 million ENA, valued at $10.3 million. … Read more

Ethena Token $ENA Surges Past $1 Mark, Whales Show Increased Accumulation

In the past 24 hours, the price of Ethena ($ENA) has experienced a significant surge, surpassing the $1 milestone and climbing over 11% to reach an all-time high of $1.341. Recent on-chain reports suggest a growing trend of whale accumulation of the token, indicating heightened investor interest. Whale 0x4f6 made headlines by withdrawing a substantial … Read more

Ethena Labs Adopts Bitcoin to Back USDE Stablecoin; Supply Surpasses 2 Billion

On Thursday, Ethena Labs unveiled its new strategy to back USDE with bitcoin, enhancing the stablecoin’s foundation. The stablecoin, known for delivering yields in the double digits, has rapidly ascended to become the fifth-largest stablecoin by market capitalization, now valued at over $2 billion. USDE to Utilize Bitcoin as Collateral An update shared by Ethena … Read more

Ethena’s ENA Token Soars 80% Since Launch, Now a Top 100 Crypto Asset Amid Defi Buzz

Since its launch on April 2, the Ethena governance token ENA has experienced an 80% climb in value against the U.S. dollar, ascending from an all-time low of $0.532 per token. Currently, it ranks among the top 100 coins by market capitalization, boasting a total valuation of $1.36 billion at the time of reporting. Rapid … Read more

Blockchain Sleuth Warns About Unrevealed ‘Critical Flaws’ in Ethena

Tardfiwhale, a pseudonymous blockchain sleuth who predicted the fall of Luna and UST, has warned about critical flaws in Ethena, a rising blockchain synthetic dollar stablecoin protocol. Tardfiwhale is asking for donations to certain entities before revealing these alleged flaws, as Ethena has no bug bounty program. ‘Critical Flaws’ Present in Ethena According to Pseudonymous … Read more

Ethena Details ENA Airdrop for Shard Holders, Announces Bitcoin Sats Campaign

Ethena, the protocol for the synthetic crypto native dollar, has announced an airdrop of its governance token, ENA, for participants in its shard campaign. The platform has stated that after a 6-week shard operation, 750 million ENA (which is 5% of the total supply) will be airdropped, with the number of shards held by each … Read more