YZi Labs, previously recognized as Binance Labs, has deepened its stake in Ethena Labs as USDe hits $13 billion TVL. The $10 billion funding arm is backing the protocol behind the third-largest USD-denominated crypto asset amid mounting regulatory scrutiny and speedy institutional adoption of the artificial, yield-bearing digital {dollars}. USDe achieved the quickest progress trajectory…
Ethena Labs has withdrawn its proposal to subject Hyperliquid’s upcoming USDH stablecoin, following vocal opposition from the neighborhood and ecosystem validators. Key Takeaways: Ethena Labs has withdrawn its USDH proposal after neighborhood pushback over alignment and focus. The transfer clears the best way for Native Markets, whereas Ethena shifts focus to different Hyperliquid-based merchandise. Paxos…
Revenue-taking and a shakeout of weak palms have despatched Ethena spiralling, with unsure market sentiment over the previous week weighing closely on ENA price predictions. The altcoin ranks among the many high 3 losers within the high 100, down 17%, fueled by unsuccessful Russia-Ukraine peace talks and hotter-than-expected U.S. PPI inflation information, which dent hopes…
A golden cross on the daily chart has flipped the mid-term trend bullish for Ethena (ENA), setting the stage for a potentially much larger move ahead. In just the past week, ENA has jumped 33%, making it one of the strongest performers in the top 100 as retail liquidity pours back into altcoins. These gains…
The $2.3 trillion market cap crypto progenitor, Bitcoin ($BTC) climbed to an unprecedented price high of $122,838 last month, intensifying speculation that a post-halving bull run could be imminent. This morning UTC it came close to setting a new record, peaking at $122,227. The price surge has reignited interest across the crypto sector, from major…
Ethena (ENA) has delivered a remarkable 21% single-day performance, with trading activity spanning from a session low of $0.465 to reach a six-month peak of $0.5885. This explosive move has pushed the token’s monthly gains beyond 113%, elevating its market capitalization to approximately $3.6 billion and securing a position among the top 32 cryptocurrencies by…