Ethena has started trading equity perpetuals basis on Binance, aiming to capture an average 11% yield, nearly double short-term U.S. Treasury bond returns. This move expands USDe's yield sources beyond crypto assets to real-world assets, increasing the basis trade's share of USDe's yield backing from 1% to 19%. The expansion taps into a $150 trillion market opportunity and is expected to drive demand for USDe and potentially boost Ethena's native token ENA, which recently surged 105%.
Ethena's market cap stands at Rp48,43 trillion as of Sep 27, 2026, 12:11 WIB, with a 24-hour trading volume of Rp10,77 trillion on Pluang. Despite the recent surge of 105% noted in the article, ENA's price has declined by 3.62% in the last day, reflecting some profit-taking or market adjustment. The circulating supply is 10.1 billion ENA tokens, representing 68% of the total 15 billion supply, with a majority of Pluang users currently selling (68%) rather than buying (32%).
Ethena's integration with Binance boosted ENA's price by 25.83%, expanding its basis-trade strategy to include tokenized equities and broadening collateral exposure from crypto to real-world assets. This led to a 78.25% increase in spot volume to $1....
Bitcoin gained about 3.8% over the past week, supported by $2.39 billion inflows into U.S. spot Bitcoin ETFs. The total crypto market value neared $3 trillion, with Bitcoin holding near $84,000 after an eight-month high above $87,000. Among the top 1...
Ethena (ENA) led the daily gainers with a 23.6% rise to $0.2724, driven by recent protocol updates and selective investor interest in altcoins despite Bitcoin holding steady at $84,088. The total crypto market cap remains near $2.89 trillion with a $...
ENA token posted the largest 24-hour gain among altcoins, rising 22.85%. Several other tokens also saw significant increases: PUMP, SEI, and JTO each gained about 16.8%, SPK and SUI rose around 15%, and JUP and LDO increased roughly 13%. Additional t...
Over the weekend, cryptocurrency markets showed limited movement with Bitcoin falling below $84,000 to $83,900 and Ether trading at $2,688. Despite Bitcoin's slight dip, total market capitalization rose marginally by 0.3% to $2.989 trillion. DeFi tok...
