Ethena


Finance

Ethena Joins Race for Hyperliquid's Stablecoin With BlackRock-Backed Proposal

Ethena's proposed stablecoin promises to return 95% of revenue to Hyperliquid’s ecosystem.

Digitally altered photo of a dollar bill (Ryan Quintal/Unsplash, Modified by CoinDesk)

Markets

Ethena's ENA Rallies to 7-Month High on Binance Listing Fueling $500M Buyback Hopes

Listing the protocol's USDe token on major exchanges like Binance is a key requirement to enable a mechanism to share protocol revenues with token holders.

Charts signal 2024-like massive BTC bull run ahead. (NASA-Imagery/Pixabay)

Finance

MegaETH Unveils Native Stablecoin with Ethena, Aiming to Keep Blockchain Fees Low

The yield earned on the reserve assets would cover the blockchain's sequencer fees, helping keeping the transaction costs low, MegaEth said.

(MegaLabs)

Finance

StablecoinX Secures $530M Investment to Back Ethena-Linked Treasury

The funds will be used to acquire an expected 3 billion ENA, according to StablecoinX, a dedicated treasury vehicle for the stablecoin protocol.

Seed Funding Investment coins in a jar (Towfiqu barbhuiya/Unsplash/Modified by CoinDesk)

Finance

Mega Matrix Files $2B Shelf to Fund Crypto Treasury Bet on Ethena

The firm eyes to benefit from the rapid growth of Ethena's digital dollar USDe, fitting into a broader trend of listed companies accumulating cryptocurrencies.

Roulette wheel

Markets

Lido, Ethena Rally More Than 10% as Traders Snap Up Cheap Staking Tokens Amid ETH's Surge

Lido and ethena surged double digits Friday as both tokens look to return to last week's highs.

Lido chart (TradingView)

Markets

Ethena's USDe Outpaces BlackRock’s Bitcoin, Ether ETFs With $3.1B Inflow Surge

In just 20 days, USDe added over $3.1B in supply, eclipsing inflows into BlackRock’s IBIT and ETHA combined. Reflexive market dynamics and rising yields are fueling the stablecoin’s explosive growth.

An open bank vault door reveals the stacked locked storage boxes inside.

Finance

Ethena Taps Anchorage to Issue $1.5B USDtb Stablecoin Under GENIUS Act

Ethena's token ENA was up 10%, outperforming the broader crypto market that saw many altcoins plunging overnight.

Digitally altered photo of a dollar bill (Ryan Quintal/Unsplash, Modified by CoinDesk)

Finance

Crypto Treasury Fever Spreads to Ethena as $360M SPAC Deal Targets ENA Accumulation

A new Ethena treasury firm named StablecoinX aims to be listed on the Nasdaq, lined up big-name crypto investors including Pantera, Galaxy, Dragonfly, Polychain.

Digitally altered photo of a dollar bill (Ryan Quintal/Unsplash, Modified by CoinDesk)

Markets

Ethena's ENA Soars 43%. What's Fueling the Explosive Rally?

Ethena's governance token ENA has surged 43% this week, becoming the second-best-performing top 100 token by market value.

Ethena's ENA token. (CoinDesk)