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This Week’s Crypto Winners and Losers: Helium Surges 34%, ENA Plummets 25%

The crypto market holds steady at a valuation of $2.31 trillion, experiencing a 2.60% decline in the last 24 hours. In the preceding week, bitcoin and ethereum each dipped between…

Continue ReadingThis Week’s Crypto Winners and Losers: Helium Surges 34%, ENA Plummets 25%

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…

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

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…

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