Ethena has launched Ethena Pay, a new consumer finance app that integrates crypto savings, payments, and international money transfers into one platform. The app offers a 6% savings rate in dollars and 5% cashback on card purchases, positioning stablecoins as an alternative to traditional banking. Ethena Pay also supports multiple currencies and self-custodial stablecoin accounts, aiming to simplify managing crypto and fiat funds. Following the launch, Ethena's native token ENA rose about 9%, signaling strong market interest as the company expands beyond its original stablecoin yield business.
OKX has expanded its spot margin trading for European customers by adding 10 new USDC margin pairs, including tokens like NEAR, ENA, and LINK, with leverage up to 10x. This allows traders to borrow funds to increase their positions, either long or sh...
Ethena has launched Ethena Pay, a consumer finance app combining stablecoin savings, card spending, transfers, and fiat onramps. The app offers a 6% dollar savings rate and 5% cashback on eligible card purchases, integrating savings and payments in o...
Ethena (ENA) price increased by 9.1% to about $0.39, continuing a weekly gain of 16.1%. However, on-chain data reveals the rally is weakly supported, with 82.1% of transfer volume flagged as wash trading and tokens flowing into exchanges, signaling p...
Ethena, the protocol behind the synthetic dollar USDe, is expanding its reserve backing to include equities and commodities while shutting down its HyENA deployer that managed 18 perpetual futures markets on Hyperliquid's HIP-3 framework. This closur...
The Ethena Foundation has bought out early investors who sold their ENA tokens, except one wallet that chose to hold. They have proposed a fee switch to fund ENA buybacks, which will be voted on by tokenholders by September 2. The buyback mechanism d...
