Ethena (ENA) saw a 13% price increase in 24 hours, but this rise was not driven by strong protocol performance. The Total Value Locked (TVL) grew modestly by $160 million to $4.719 billion, indicating limited investor conviction. Revenue remained low, with just $56.91 generated in the last day and $21,317 over the past month. Spot market buying interest has increased recently, but overall selling pressure dominates. The perpetual market shows more long positions, though a declining funding rate suggests potential downward price pressure unless it reverses.
Arthur Hayes, co-founder of BitMEX, forecasts Ethereum (ETH) could reach $10,000 by the end of 2026, implying a 300% gain from current levels. He also targets DeFi tokens Ethena (ENA) and Ether.fi (ETHFI) to rise over 200%. These bold predictions are...
Arthur Hayes, co-founder of BitMEX and CIO of his family office Maelstrom, reaffirmed a long-term Bitcoin position and set a $10,000 price target for Ether by the end of 2026. He also set speculative targets for altcoins Ethena at $0.50 and Ether.fi ...
Ethena Pay, a self-custody financial app on Avalanche, has entered beta testing in 48 countries, offering users up to 6% annual yields on USDe stablecoin holdings and cashback rewards up to 10% at partners like Uber and Spotify. The ENA governance to...
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 stabl...
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...
