In September, Bittensor's (TAO) price surged 111%, rising from $264 to $587. However, as October begins, several indicators suggest that TAO's price may encounter resistance, potentially limiting further gains.

Bitcoin (BTC) sank further, dropping below $64,000 following a drop of 1.22% over the past 24 hours. The drop comes despite positive sentiments around the world's largest cryptocurrency and an increase in spot Bitcoin ETF inflows.

Crypto Prices Today, October 1: The broader market on Tuesday saw a set of mixed price actions, sparking investor speculations globally. Bitcoin (BTC) price saw a waning action, resting at the $63K level today.

Ethena's emergence as a leading weekly gainer reflects optimism, yet some factors may undermine its long-term prospects.

According to the latest market trends, the artificial intelligence (AI) coin bittensor (TAO) has overtaken internet computer (ICP), now sitting as the second largest AI-focused coin, just below near protocol (NEAR). TAO's 5.

Ethena (ENA) price has surged 11% as bullish momentum continues to build, with signals indicating there could be more room for growth. The recent spike comes on the heels of a proposal to integrate Ethereal, a decentralized exchange, into Ethena's reserve management system.

TL;DR Ethereal proposes an integration with the Ethena network to expand its ecosystem and improve onchain management. A 15% allocation of Ethereal governance tokens is offered to ENA users. The exchange aims to match the performance of centralized platforms while maintaining full user custody.

Bittensor, a fast-growing artificial intelligence token, was the second best-performing top 100 cryptocurrency in September after Sui.

Ethena community to vote on integrating Ethereal DEX to boost USDe stablecoin, with ENA holders receiving Ethereal tokens if approved.

Ethena Labs, the developer of the “synthetic dollar” USDe, revealed that the community is reviewing a proposal to launch a decentralized crypto exchange to drive the asset's growth. Ethereal On Sept.

Ethereal, a spot and perpetual DEX, proposed that the exchange be integrated to Ethena to be the on-chain exchange for USDe.

The cryptocurrency market displayed bearishness on Monday, with Bitcoin (BTC) losing 1.45% in the past day to hover above $64.5K. While most altcoins mirrored the top asset's performance, Ethena (ENA) stole the show with a 20.16% uptick from a 24-hour low of $0.3497 to $0.4202 % on its daily chart.

Bittensor (TAO) price, a standout in the AI cryptocurrency market, is experiencing a significant upswing. Recent market events have reignited its ascent, pushing it closer to record highs.

Ethereal, an integrated spot & perpetual futures DEX, requests the Ethena community to approve a proposal to directly integrate the DEX into Ethena-related reserve management from launch. It will help provide a fully on-chain venue for the management of spot and derivative positions backing USDe.

The Ethena community is set to vote on a proposal to integrate Ethereal, a decentralized exchange built on USDe, into Ethena's reserve management system.

Ethereal Exchange's integration with Ethena Network could enhance decentralized finance by boosting USDe demand and setting new DEX standards. The post Ethereal Exchange proposes integration with Ethena Network appeared first on Crypto Briefing.

Bitcoin is en route to locking in a historic monthly performance, which could set a bullish path for XRP, TAO, RUNE, and SEI.

GoodEgg (GEGG), the Play-to-Date AI-driven social-fi token, has stormed into the decentralized AI scene, overshadowing major players like Bittensor (TAO).

The native token of the synthetic dollar protocol developer Ethena (ENA) surged by more than 45% this week as the project rolled out multiple new products. Ethena aims to provide a crypto-native solution for money not reliant on traditional banking system infrastructure via a synthetic dollar called USDe.

As we near the end of 2024, Grayscale Research has revealed an exciting list of the top 20 cryptocurrencies expected to shine in the final quarter. With six new altcoins added, including Sui (SUI) and Optimism (OP), the buzz in the crypto market is palpable.

As the cryptocurrency landscape continues to evolve, Grayscale in its recent research titled ‘Grayscale Research Insights: Crypto Sectors in Q42024' has identified six emerging assets, Sui (SUI), Bittensor (TAO), Optimism (OP), Celo (CELO), Helium (HNT), and UMA Protocol (UMA), as high-potential investments for Q4 2024.

Grayscale's updated list signals a strategic shift towards decentralized AI and high-performance infrastructure, highlighting evolving market trends. The post Grayscale lists SUI, TAO, OP, CELO among top “high potential” tokens for Q4 2024 appeared first on Crypto Briefing.

BTC's move past $65,000 comes just ahead of the expiry of over $5.8 billion in options contracts, which analysts believe could increase volatility in the crypto markets. The jump seems to be driven primarily by monetary stimulus in the US and China, which led to crypto markets registering a substantial jump.

Ethena (ENA) is preparing to introduce a new stablecoin, UStb, which will be backed by BlackRock's tokenized BUIDL fund.

Grayscale Research has published a new list of 20 digital assets that have high potential in the fourth quarter of the year.

Ethena's launch of UStb, backed by BlackRock, could enhance stability and broaden adoption in the DeFi space, despite market fluctuations. The post Ethena debuts UStb stablecoin backed by BlackRock to complement USDe appeared first on Crypto Briefing.

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

Ethena Labs announced on X on September 26 its newest product offering, UStb. The company revealed that UStb would be backed up by BlackRock BUIDL.

TL;DR Ethena has launched its new stablecoin UStb, designed as an alternative to USDe, offering stability with a differentiated risk profile in a volatile market. UStb will be fully backed by BlackRock's tokenized BUIDL fund, which manages over $522 million in assets, ensuring its collateralization.

Ethena Labs is launching a new stablecoin project fully backed by BlackRock's Ethereum-based tokenized fund and Securitize.

Ethena Labs has confirmed that the newly launched UStb stablecoin is a “wholly independent product”, and independent of its already existing USDe stablecoin.

Ethena stablecoin UStb was launched as an alternative to its existing USDe stablecoin.

Ethena Labs, the developer of the Ethereum-based synthetic dollar protocol, has announced the launch of UStb, a new fiat stablecoin. Backed by the BlackRock USD Institutional Digital Liquidity Fund (BUILD) and in partnership with Securitize Markets LLC, UStb offers a distinct alternative to the existing USDe stablecoin.

Ethena (ENA) has announced a new stablecoin dubbed UStb, which is to be launched in collaboration with Securitize. Securitize is the real-world asset tokenization platform for the BlackRock USD Institutional Digital Liquidity Fund, BUIDL.

Ethena Labs is teaming up with BlackRock to introduce a brand-new stablecoin, UStb (USTB). This exciting project will leverage BlackRock's tokenized USD Institutional Digital Liquidity Fund (BUIDL), which maintains a stable value of $1 per token.

Ethena has announced plans to introduce a new stablecoin, UStb, which will be backed by BlackRock's tokenized U.S. Treasuries fund, known as BUIDL.

Ethena Labs has announced the introduction of UStb, a new stablecoin fully backed by BlackRock's on-chain BUIDL fund, developed in partnership with Securitize. This product is an additional fiat stablecoin alongside USDe, offering a differentiated risk profile to users and exchange partners.

Ethena Labs has announced the introduction of UStb, a new stablecoin fully backed by BlackRock's on-chain BUIDL fund, developed in partnership with Securitize. This product is an additional fiat stablecoin alongside USDe, offering a differentiated risk profile to users and exchange partners.

Ethena Labs has announced the upcoming launch of UStb, a new stablecoin that will be backed by the BlackRock USD Institutional Digital Liquidity Fund (BUIDL).

Ethena's synthetic stablecoin USDe can benefit from incorporating UStb during periods of weak funding conditions, Ethena Labs said.

Ethena Labs on Thursday said it will launch UStb stablecoin collateralized by BlackRock and Securitize, enabling a separate fiat stablecoin product alongside USDe. UStb will be fully backed by BlackRock BUIDL in partnership with Securitize.

Reserves for UStb will be invested in BUIDL, which in turn holds U.S. dollars, U.S. Treasury bills, and repurchase agreements.

Ethena's existing decentralized synthetic dollar, USDe, is now the fifth-largest stablecoin, with a $2.6 billion circulating supply.

With high anticipation of a bull run in 2024, altcoins are preparing for a bull run season. Amidst the plethora of altcoins, the newly launched token of Ethena Labs, ENA price predictions project a high likelihood of an uptrend.

As broader market sentiment improves, tokens that power Decentralized Physical Infrastructure Networks (DePINs) are among the altcoins showing potential gains in October.

TAO's price has surged significantly over the past month, driven by growing interest in artificial intelligence coins. With a recent increase of over 60%, several indicators and metrics offer valuable insights into the coin's potential future performance.

This past week, the digital asset market experienced a broad upward trend, with the artificial intelligence (AI) crypto sector standing out as the top performer over the last seven days. This week, the AI-driven crypto sector climbed 30.59% against the U.S. dollar, with bittensor (TAU) leading the charge. TAU Surges, AI Crypto Market Hits $23.