Changpeng Zhao’s YZi Labs ‘deepens’ Ethena bet – What it means for ENA
Key Takeaways
Why did YZi Labs back Ethena again?
Early investor reinforced support as USDe supply hit $13B and TVL reached $14.22B, signaling strong stablecoin adoption.
What’s next for the ENA price?
ENA failed at $0.85…
Ex-FTX Exec’s Plea Deal Still at the Center of Court Case
Nearly three years after the collapse of crypto exchange FTX, courtroom battles tied to its executives and their associates are still unfolding. This week, Michelle Bond, spouse of former FTX Digital Markets co-CEO Ryan Salame, will return…
Congressional Leaders Support Trump’s EO Opening 401(k)s to Alternative Investments Led by Crypto
A group of Congress members have urged the United States Securities and Exchange Commission (SEC) to facilitate seamless crypto adoption. In a letter on Monday sent to the SEC, the group of lawmakers urged the agency to help implement…
AI Protocol 0G Labs Debuts Mainnet to Power Decentralized AI Infrastructure
Decentralized artificial intelligence (AI) protocol 0G Labs has launched its Aristotle mainnet, transitioning it into a fully operational and foundational layer for AI-native applications. 0G Labs Launches Aristotle Mainnet to Democratize…
Weekend Flash Crash📉Crypto Market Update
A massive sell-off has swept across the broader crypto market, with Bitcoin and altcoins crashing, leading to more than $1.7 billion in liquidations.
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Markets brace for September’s endgame as Bitcoin leads post-Fed crypto Rally
Bitcoin reclaims $117K as the Fed’s…
US First-Ever XRP, DOGE ETFs Surpass Volume Expectations
Investors piled into the first Dogecoin (DOGE) and XRP (XRP) exchange-traded funds in the US on their debut trading day, blasting through analysts’ trading volume expectations.Bloomberg ETF analyst Eric Balchunas said on X that most new…
Ethena at a crossroads: Will ENA fall from $0.60 or climb above it?
Key Takeaways
What’s impacting the price of ENA?
The current valuation of ENA was weak due to the decreasing volume, potential structure shift, and spot selling.
What are the strong fundamentals?
Ethena’s TVL, active addresses,…
Low Risk DeFi Could Drive Ethereum Fees While Keeping Values Aligned
Ethereum co-founder Vitalik Buterin said revenue from low-risk decentralized finance protocols could give the network economic stability — much like Google Search supports Google — while letting nonfinancial apps uphold Ethereum’s cultural…
APX Holder Turns $226K Into $7M Amid ASTER Swap Surge
A crypto investor who bought $226,000 worth of APX two years ago is now sitting on more than $7 million, thanks to APX’s explosive rally this week.According to data from Arkham Intelligence, wallet 0x9d22 accumulated 3.62 million APX tokens…