Coinbase has invested in Ethena and will integrate Ethena's USDe stablecoin for its 100 million users starting next week. USDe is a synthetic dollar stablecoin backed by dollar assets and crypto futures, differing from traditional stablecoins. This partnership aims to boost USDe's declining market cap by expanding its user base, despite ongoing crypto market challenges including Bitcoin trading below $70,000 and Coinbase stock falling 5%. The move also aligns with potential regulatory changes under the CLARITY Act that could benefit stablecoin rewards on exchanges.
Ethena (ENA) holders are increasingly profitable, with daily transaction volumes in profit surpassing those in loss, indicating many holders are above their cost basis. Whale and retail trader activity has risen alongside ENA trading above its 20-day...
Bitcoin stabilized around $62,600 after a recent drop from $64,400 to $61,800, with significant liquidations mostly affecting long positions. South Korea's KOSPI index has fallen 10% since Friday, causing a massive 1,426% surge in crypto trading volu...
Ethena (ENA) has gained 14.11% since early July, reclaiming short-term resistance at $0.08, helped by strong user deposits via Robinhood Earn. However, the token remains down 94% from its all-time high and faces a bearish long-term trend with key res...
