Ethena is expanding its reserve assets to include AAA-rated Collateralized Loan Obligations (CLOs) to reduce the yield volatility of its stablecoin USDe, which currently depends on crypto market cycles. CLOs, especially the Janus Henderson Anemoy AAA CLO Fund, offer high credit quality, liquidity, and low downside risk, historically showing resilience during financial crises compared to broader markets. By allocating $310 million to these CLOs, Ethena aims to decouple USDe's yield from crypto market swings and provide more stable returns. This move follows Ethena's earlier diversification into U.S. Treasury bonds and partnerships with major exchanges like Coinbase and Mercado Bitcoin.
Bitcoin fell sharply to $59,100, marking its worst week of 2026 with a 19.3% drop over seven days. This crash caused $1.75 billion in liquidations and closed over 350,000 positions, impacting the entire crypto market. More than half of all circulatin...
Securitize estimates $400 trillion in global assets could be tokenized, shifting traditional markets onto blockchain. The XRP Ledger (XRPL) is emerging as a key infrastructure layer due to its fast, low-cost settlement capabilities and potential to c...
SpaceX signed a $920 million monthly compute-leasing agreement with Google, granting access to about 110,000 Nvidia GPUs through mid-2029. This deal, revealed just days before SpaceX's IPO, includes an exit clause for Google if SpaceX fails to delive...
ADA dropped below $0.20 to levels unseen since 2020, sparking a surge in social media mentions and on-chain activity. Despite increased chatter, key governance setbacks like the failed Cardano Summit funding vote and the closure of TapTools analytics...
On June 6, Hyperliquid's HYPE token will undergo a significant unlock event where Core Contributors are scheduled to claim tokens. Although the initial schedule indicated about $675 million worth of HYPE tokens would be unlocked, the team plans to cl...
