Coinbase Ventures made its first investment in Ethena by purchasing ENA tokens on the open market, sparking a nearly 10% price increase. The partnership aims to bring Ethena's on-chain finance and savings products, including USDe and sUSDe stablecoins, to Coinbase's 100 million+ users. The collaboration will launch its first joint growth initiative next week, integrating USDC and expanding accessible yield-bearing on-chain savings within Coinbase's ecosystem. This move strengthens Ethena's role in synthetic stablecoins and offers Coinbase users innovative DeFi exposure.
Ethena (ENA) holders are increasingly profitable, with daily transaction volumes in profit surpassing those in loss, indicating many holders are above their cost basis. Whale and retail trader activity has risen alongside ENA trading above its 20-day...
Bitcoin stabilized around $62,600 after a recent drop from $64,400 to $61,800, with significant liquidations mostly affecting long positions. South Korea's KOSPI index has fallen 10% since Friday, causing a massive 1,426% surge in crypto trading volu...
Ethena (ENA) has gained 14.11% since early July, reclaiming short-term resistance at $0.08, helped by strong user deposits via Robinhood Earn. However, the token remains down 94% from its all-time high and faces a bearish long-term trend with key res...
