2024-4-18 10:28 |
Ethena (ENA), the synthetic U.S. dollar protocol built on the Ethereum network, recorded a notable plunge as the market witnessed bearish sentiment. ENA is down by 17% in the past 24 hours and is trading at $0.84 at the time… origin »
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Technical indicators suggest more downside for Bitcoin in the short-term.
Ethena, the rapidly growing decentralized stablecoin platform, has emerged as the sixth-largest project by Total Value Locked (TVL), boasting an impressive $6. 009 billion. The platform’s native stablecoin, USDe, has gained significant traction and is now the third-largest stablecoin in circulation, with a supply of 6 billion.
Ethena Labs has announced a strategic partnership with Donald Trump-backed World Liberty Financial (WLF). As part of the collaboration, Ethena aims to integrate its sUSDe token, a staked version of its USDe synthetic dollar, into WLF’s forthcoming Aave v3 instance.
Bitcoin hit a new all time high but a price correction maybe due.
WBIT, ENA, and MOG posted significant gains this week as Bitcoin surged past $68K.
If the proposal is approved, SOL will join BTC and ETH within Ethena's collateral mix.
The cryptocurrency space maintains sideways actions as Bitcoin sways above and below the $60,000 mark. Amidst the volatility, four Ethena (ENA) whales unstaked and deposited 15. 86 million coins (worth over $4 million).