Ethena's price surged over 45% last week, reaching a 10-week high of $0.134 before easing to $0.116 amid market weakness. The rally was driven by a proposal to back its synthetic dollar USDe with tokenized gold, enhancing stability and attracting investors. Institutional adoption, including Singapore Gulf Bank's integration of USDe, and whale accumulation also bolstered optimism. Technical signals suggest a bullish breakout, with potential to reach $0.20 as market sentiment improves.
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...
