The Ethena Foundation, behind the USDe synthetic dollar protocol, completed a major governance overhaul by buying out early investors, formalizing token and equity rights, approving a revenue-driven buyback program, and eliminating future venture capital token unlocks. This move clears legacy stakeholders from the cap table and strengthens the legal clarity around ENA tokens. The buyback program will use protocol revenue to purchase ENA tokens, but its sustainability depends on the ongoing success of USDe's revenue-generating strategy. This restructuring reduces token supply overhang and could impact the protocol's market dynamics going forward.
Bitcoin options with a notional value of about $6.4 billion are set to expire on August 28, 2026. This large expiry could influence market positioning and volatility, though the actual impact on Bitcoin's price depends on factors like strike distribu...
Ethena proposes allocating 95% of net revenue from its branded businesses to buy back ENA tokens once the USDe stablecoin supply reaches $7.5 billion. The Ethena Foundation has also bought locked ENA tokens from seed investors and plans to accelerate...
Ethena Foundation has implemented four key changes to ENA's tokenomics, including buying out locked tokens from early seed investors who sold within nine months to reduce future sell pressure. A new Master Framework Agreement transfers intellectual p...
Ethena Foundation bought locked ENA tokens from early investors who sold after October 2025, ending the monthly token unlock schedule by October 5, 2026. This move helped push ENA's price up nearly 100% in a month. A governance vote is underway to st...
Ethena's ENA token rose about 13.91% to $0.158, driven by momentum from FalconX's $1 billion institutional credit facility announced on August 19, 2026, and a broader altcoin market rotation. The rally reflects strong market participation with $0.79 ...
