StablecoinX has merged with TLGY Acquisition Corp. and is now listed on Nasdaq under the ticker USDE, offering public investors direct exposure to Ethena's stablecoin infrastructure. The company holds about $275 million in Ethena governance tokens (ENA), which ties its market value closely to Ethena adoption and ENA pricing. Despite a 70% drop in USDe supply since October, StablecoinX plans to grow through three business lines focused on Ethena infrastructure, software, and institutional distribution. This listing comes amid ongoing regulatory scrutiny of yield-bearing stablecoins and a cooling market for synthetic dollars like USDe.
Ethena's governance token ENA fell 11.37% to $0.1862 on October 15, continuing a decline that began the previous day. The drop followed a 7.31% fall over four hours on October 14. Although the September Consumer Price Index showed inflation rising, t...
Ethena (ENA) saw a sharp decline of 12.3%, falling below the critical $0.20 support level to around $0.184 following the release of the September Consumer Price Index (CPI). This drop erased gains made in late September and October. The price volatil...
Bitway (BTW) experienced the largest drop among major cryptocurrencies, falling 22.24% to $2.02, as 80 out of 89 large non-stablecoin assets declined. Other notable losses included Pump.fun (PUMP) down 14.95% and Ethena (ENA) down 13.16%. Bitcoin and...
Ethena (ENA) token price fell sharply by 7.31% within four hours on October 14, dropping from $0.2108 to $0.1954. Over the past 24 hours, ENA declined 7.22%, reflecting a notable downtrend. During the same period, liquidations on major exchanges Bina...
Ethena (ENA) experienced a sharp price decline of 4.66% within one hour, falling to $0.2006 on October 14. This drop was driven by significant liquidations of long positions across major exchanges including Binance, Bybit, and OKX, totaling $2.16 mil...
