Ethena Labs, a leading decentralized finance (DeFi) provider known for its synthetic dollar operations, experienced a major security breach on September 18. Hackers compromised the front end of Ethena's website, prompting an immediate response from the company.

Ethena Labs, the organization responsible for the decentralized synthetic dollar protocol, has suspended its website activities after a security breach on its domain registrar's account. To avert further harm, the company posted a notice on X (previously Twitter) and instructed users not to engage with any site or application that purports to be the Ethena

Binance founder and former CEO Changpeng Zhao (CZ) is set for imminent release, confirmed by the US Federal Bureau of Prisons (BOP).

Hackers attacked synthetic dollar issuer Ethena, but the protocol said its core blockchain infrastructure remained uncompromised. On Sept. 18, bad actors successfully breached the website of decentralized finance service provider Ethena Labs (ENA).

Web3 security platform Blockaid recently detected a potential front-end attack targeted towards Ethena Labs. Reportedly, the attackers used the latest version of Inferno drainer in this attack.

The Ethena website appears to have suffered a front-end attack, and users are encouraged not to interact with the platform.

The project noted the protocol itself is unaffected, but users should avoid “any site or application purporting to be the Ethena frontend."

Ethena Labs' frontend attack highlights the critical need for robust security measures to protect user interactions and maintain trust in DeFi platforms. The post Ethena Labs suffers frontend attack, confirms protocol remains unaffected appeared first on Crypto Briefing.

The alternative stablecoin market is evolving, and projects like Ethena are leading the way, with a total value locked of $2.7 billion.

It's not been a good few months for ETC holders and investors.

Based on the latest data, Ethena's yield-generating stablecoin, USDE, has experienced a dramatic contraction in supply since July 4, 2024. Over the span of less than two months, its market capitalization has decreased by $770 million. Ethena's USDE Supply Plummets as Competition Heats Up From Aug. 23 to Aug.

Ethena whales have dumped a notable 22 million ENA, worth $6.9 million, to Binance.

The cryptocurrency space maintains sideways actions as Bitcoin sways above and below the $60,000 mark. Amidst the volatility, four Ethena (ENA) whales unstaked and deposited 15.86 million coins (worth over $4 million). The transaction, which happened through Binance exchange over the past 24 hours, saw the whales encountering losses of over $5 million.

The global cryptocurrency market cap increased by 1.12% over the past day to $2.1 trillion as bulls attempted recoveries following the latest crash. Bitcoin (BTC) trades at $59,669 after gaining 0.80% in the past 24 hours, triggering notable recoveries in the altcoin space. Ethereum Classic (ETC) joined the ongoing broad market surges.

Token unlock involves releasing tokens that were previously blocked under fundraising terms. Projects carefully schedule these releases to avoid market pressure and prevent a drop in token prices.

Binance has announced that it will be delisting a number of spot trading pairs. The reason for this is Binance's evaluation of all listed spot trading pairs on a regular basis, analysis of their performance and liquidity.

Bitwise Asset Management announced its acquisition of the ETC group, a cryptocurrency exchange-traded products issuer based in London. The acquisition reportedly pushes Bitwise's assets under management to over $4.5 billion.

Bitwise is elevating its ETF strategy with a new acquisition. The firm has announced plans to acquire ETC Group, a London-based digital asset issuer.

The crypto context of the acquisition of ETC Group by Bitwise

In a strategic move to expand its presence in Europe and the broader crypto industry, asset manager and Bitcoin exchange-traded fund (ETF) issuer Bitwise Investment has sealed a deal to acquire ETC Group, a major crypto issuer headquartered in London.

Crypto isn't mentioned in Democrats' party platform before the start of the convention, Bitwise acquires crypto ETP issuer ETC Group and more from today.

Data from Token Unlocks revealed that four major token unlocks were scheduled for August between the 19th and the 25th. According to Token Unlocks, 54 million PIXEL and 9.54 million AVAX would be released on August 19, while 18.94 million ID and 14.89 million ENA would be released on August 22 and August 25, respectively.

Meanwhile, the details of the purchase agreement are still unknown. Bitwise will be tasked with managing up to $4.5 billion in AUM once completion.

Bitwise Asset Management has taken a bold step into the European market by acquiring ETC Group, a London-based provider of cryptocurrency exchange-traded products (ETPs). This strategic move increases Bitwise's assets under management to over $4.5 billion, adding nine European-listed crypto ETPs to its expanding portfolio.

The asset manager behind two successful U.S. crypto ETFs just landed in London.

TL;DR Bitwise Asset Management acquires ETC Group, marking its entry into the European market and adding several crypto ETPs to its portfolio. ETC Group, known for its physical Bitcoin ETP (BTCE) and other crypto products, will be rebranded but without significant changes to its strategies.

The acquisition adds nine European-listed crypto ETPs to Bitwise's portfolio and raises its assets under management to over $4.5 billion.

Bitwise Asset Management, the leading cryptocurrency index fund manager, has announced the acquisition of ETC Group, one of the largest crypto ETP firms.

San Francisco-based cryptocurrency index fund manager Bitwise Asset Management has acquired London-based competitor ETC Group, signalling its expansion into the European markets. ETC Group, with over $1 billion in assets under management, owns BTCE, currently the largest physical bitcoin exchange-traded products (ETP) in Europe.

Bitwise Asset Management has announced the acquisition of ETC Group, a London-based digital asset manager known for creating Europe's largest physical Bitcoin ETP, BTCE. This strategic move elevates Bitwise's assets under management (AUM) to over $4.5 billion and enhances its capability to serve European investors with institutional-grade products.

Bitwise Asset Management's acquisition of ETC Group marks its significant entry into the European market, adding over $1 billion in Bitcoin and crypto assets.

Investment asset management firm Bitwise is taking its ETF journey to a higher level with its latest acquisition. The week started with the firm announcing its intention to acquire ETC Group, a digital-assets issuer based in London.

On 19 August 2024, Bitwise Asset Management announced its acquisition of ETC Group, a significant move that marks the expansion of Bitwise's presence in the European market. Founded in 2019, ETC Group has developed a robust suite of exchange-traded products (ETPs) that have gained substantial traction in the cryptocurrency space.

Bitwise's acquisition of ETC Group signifies a major step in globalizing crypto asset management, enhancing product diversity and market reach. The post Bitwise expands to Europe with strategic acquisition of ETC Group appeared first on Crypto Briefing.

San Francisco-based cryptocurrency index fund manager Bitcoin Asset Management has acquired London-based competitor ETC Group, signalling Bitwise's expansion into the European markets. ETC Group, with over $1 billion in assets under management, owns BTCE, currently the largest physical bitcoin exchange-traded product (ETP) in Europe.

The acquisition of ETC Group's $1 billion in assets under management takes Bitwise's AUM above $4.5 billion.

The move brings Bitwise's total assets under management to $4.5 billion and adds nine European crypto ETPs to its product offerings.

With this acquisition, Bitwise's total assets under management rise above $4.5 billion.

It was a sea of red in the cryptocurrency market on Aug. 16 as Bitcoin dropped below the key support level of $58,000. Most altcoins were deep in the red, remaining in a bear market.

Cryptocurrency prices held steady on Wednesday as a sense of calm returned in the market after the encouraging US Producer Price Index (PPI) report. Bitcoin, the biggest crypto in the industry, crossed the important resistance point at $60,000 while the market cap of all tokens jumped to over $2.14 trillion.

With the BTC price hovering close to its $59,000 mark, the crypto market has displayed stability in the buying and selling pressure. This indicates a high possibility of a bullish rebound in the coming time.

Ethena, Pepe and Luna Classic are our top cryptocurrencies to watch this week.

Ethereum Classic price has surged recently following a broader market recovery. This rise in ETC price indicates renewed investor confidence in the market, aligning with the positive momentum seen in other major digital assets.

Solana's doing well on the price front, but there may be more good news.

Ethena Labs has announced the launch of its stablecoin, USDe, on the Solana network as of August 7.

USDe was made available on Solana and became integrated with multiple Solana-based DEXs and DeFi protocols, including Kamino, Orca and Drift.

On Wednesday, Ethena Labs, the team responsible for the yield-bearing stablecoin project USDE, revealed its expansion to the Solana blockchain. This move brings USDE to the distributed ledger, with SOL now also being used as part of the stablecoin's reserve backing.

Ethena Labs has expanded its “synthetic dollar” USDe to the Solana blockchain and revealed intentions to add the SOL token as a backing asset for the stablecoin, according to an Aug. 7 statement. USDe's integration with Solana was achieved through LayerZero's omnichannel fungible token (OFT).