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Ethena's ENA token jumps 12% after integrating tokenized US stocks into its basis trade strategy.

Protocol Fundamentals
25 Sep 2026
Blockonomi
View Source
Bullish
Ethena's ENA token jumps 12% after integrating tokenized US stocks into its basis trade strategy.

Ethena has expanded its basis trade strategy supporting the USDe stablecoin by integrating tokenized US stocks via Binance bStocks, using equity perpetual futures for hedging. This move, approved by Ethena's Risk Committee, marks the protocol's first delta-neutral strategy outside crypto markets. The ENA token surged 12% in 24 hours, fueled by $150,000 in short position liquidations and bullish technical signals pointing to higher price targets. This integration highlights growing synergy between crypto and traditional finance, with Binance's bStocks providing synthetic exposure to major US equities like Nvidia and Tesla.

Ethena (ENA) is up 16.81% on Pluang as of Sep 25, 2026 22:31 WIB, trading at Rp4.523. The token shows strong buying interest with 76% of orders on Pluang being buys. Its market cap stands at Rp45.15 trillion, reflecting significant investor attention alongside the recent Binance integration news.

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