Solana (SOL), EOS, and Jupiter (JUP) are three Made in USA coins making headlines this week with sharply different trajectories. Solana has dropped below $100 amid market volatility and tariff-driven uncertainty.
The global cryptocurrency market shed over the weekend $300 billion in value, plunging from $2.75 trillion to as low as $2.35 trillion following the announcement of President Donald Trump's sweeping global tariffs.
Here is how some of your favorite assets concluded the week.
Token unlocks play a pivotal role in the crypto market, impacting liquidity, price volatility, and investor sentiment. They are events in crypto where locked coins or tokens are released and become available for trading in the open market.
Bitcoin and most cryptocurrencies slumped on Thursday, with their total market capitalization plunging by over 5.7% to $2.6 trillion. Pi Network (PI) was one of the worst performers as it dropped to a record low of $0.
This move highlights Jupiter's belief that NFTs are here to stay. They are integral to the future of decentralized finance.
The self-proclaimed Solana super app doesn't think NFTs are dead yet.
Ethena is facing a potential wave of sell pressure as 266 million ENA tokens are set to unlock in two phases, starting with the first $34 million unlock today. According to CryptoRank.io, Ethena (ENA) will unlock 94.
The crypto market registered a marginal uptick over the past 24 hours despite several altcoins crashing on April Fools' Day. Despite the altcoin crash, the crypto market cap is up 0.50% and currently sits at $2.7 trillion.
Following Hyperliquid's $13 million brush with disaster, some in Solana's orbit are wondering: Could Jupiter's JLP vault — a similar product to Hyperliquid's vulnerable vault — face a similar exploit?
The stablecoin market has seen major shifts in March, with Ethena's USDtb breaking into the top 10 stablecoins by market cap, Tether losing 61% of market dominance, and EURC's market cap reaching a new all-time high.
Made in USA coins continue to try a rebound, with Solana (SOL), RENDER, and Jupiter (JUP) standing out as key names to watch in April. Despite recent price corrections, each of these tokens plays a major role in high-growth areas like DeFi, AI, and blockchain infrastructure.
In 2023 and 2024, a number of Solana startups generated native tokens to reward users and let investors and early contributors book returns.
The crypto market is back in bearish territory after major cryptocurrencies registered a notable decline over the past 24 hours. As a result, the crypto market cap is down 1.20% and currently sits at $2.83 trillion.
Ethena Labs added another $225 million worth of BlackRock's BUIDL tokens on Mar. 25, according to Arkham Intelligence. Following this mint, Ethena (ENA) now holds a total of $1.29 billion in BUIDL tokens.
ENA rebounded from the $0.34 support level, but still requires a break above $0.5.
Many crypto tokens have recovered this week as investors moved back to risky assets. This surge has brought the cryptocurrency market valuation to nearly $3 trillion.
The crypto market is always full of surprises, and Ethena (ENA) is now at the center of attention. The token has been moving up in price, but recent selloffs and upcoming token unlocks have created uncertainty about its future.
Cryptocurrencies saw significant gains in the past day as Bitcoin approached the vital $90K. Ethena (ENA) capitalized on the bullish sentiments to extend its weekly gains by around 10%. The impressive recovery made most ENA holders profitable, according to IntoTheBlock data.
Despite Ethena price extending weekly gains to over 7% this Tuesday, Donald Trump's World Liberty Financial has rattled the crypto market with its ENA selloff spree. On-chain statistics indicated that Trump's World Liberty sold a whopping 184,000 tokens intraday, reverberating a bearish sentiment among crypto traders and investors globally.
Ethena Labs founder Guy Young has claimed that the synthetic dollar issuer is responsible for 95% of the recent growth in BlackRock tokenized US Treasury fund BUIDL. Young disclosed this on X while responding to the news that Fidelity wants to issue its own tokenized fund on Ethereum.
KuCoin has introduced new USDC trading pairs for Stellar (XLM), Toncoin (TON), and Ethena (ENA). Following the announcement, the prices of all three tokens saw modest gains as traders responded to the development.
Crypto prices held steady on Monday morning as investors cheered the new reporting on Donald Trump's tariffs. The reciprocal tariffs expected on April 2 will not include industrial sectors like automobile and microchips. As a result, Bitcoin jumped above $86,000, while Ethereum moved above $2,000.
Jupiter repurchases 16.86M JUP tokens worth $9.32M in buyback.
Jupiter (JUP) has recently registered some minor gains rising by 3.50% in the last day. However, earlier market losses mean the altcoin experienced a 1.38% decline in the past seven days.
Jupiter faces a possible decline as the flag pattern signals downward pressure toward $0.41.
ENA faces challenges, but could rally if it breaks resistance levels around $0.47.
Germany's financial regulator BaFin has imposed a ban on public sales of the USDe token from Ethena GmbH.
Ethena price remains concerningly eyed by crypto market participants against the backdrop of a severe bearish trajectory. ENA erased nearly 4% in the past 24 hours, in sync with a renowned market maker dumping over $10 million worth of tokens.
Germany's BaFin enforces a ban on Ethena GmbH's USDe Token sales, citing approval process flaws and MiCAR noncompliance. The regulator freezes assets and orders website shutdowns while secondary trading remains unaffected. The post BaFin Bans Ethena's USDe Token in Germany Over Approval Process Flaws appeared first on Cryptonews.
The German regulator stepped in to squash offerings of Ethena's USDe stablecoin, citing "serious deficiencies in the approval procedure."
Germany's Federal Financial Supervisory Authority (BaFin) has rejected Ethena Labs' application to issue asset-referenced tokens under the European Union's Markets in Crypto-Assets Regulation (MiCAR). The regulator also raised concerns that the sUSDe may constitute an unlicensed security offering.
The halt was due to BaFin identifying "serious deficiencies in Ethena GmbH 's USDe token authorization" and instructed Ethena GmbH to freeze its asset reserve.
TL;DR BaFin has prohibited the public sales of Ethena GmbH's USDe token, claiming it violates the European Union's MiCAR regulations and markets unregistered securities. The protocol has been ordered to freeze the reserve assets and shut down its website, but secondary sales of USDe will not be affected.
German financial regulators have rejected Ethena Labs' MiCA application. The regulator has ordered Ethena to halt EU operations, freeze its asset reserves, and prohibit any new services.
The German financial regulatory authority, BaFin, has ordered the suspension of all public sales of the USDe token issued by Ethena GmbH. BaFin's decision stems from concerns that the token violates European Union regulations and potentially constitutes unregistered securities.
The possible violations related to USDe and sUSDe
Ethena's ENA token is down by 6.5% in the past 24 hours.
BaFin, the German financial regulatory authority, has prohibited all public sales of Ethena GmbH's USDe — a synthetic dollar — claiming that the token violates the European Union's MiCAR regulations.According to the announcement from the regulator, BaFin has ordered the firm to freeze the reserve assets that back the token, close down the website portal, and has ordered the firm to stop taking new customers. In a translated statement, the regulator wrote: "The BaFin also has reasonable grounds to suspect that Ethena GmbH in Germany sells securities in the form of sUSDe tokens from Ethena OpCo. Ltd.
BaFin, the German financial regulatory authority, has prohibited all public sales of Ethena GmbH's USDe (USDe) — a synthetic dollar — claiming the token violates the European Union's MiCAR regulations and accused the firm of selling unregistered securities in the region.BaFin ordered Ethena to freeze the reserve assets that back the token, close down the website portal, and ordered the firm to stop taking new customers, the regulator wrote in an announcement. BaFin also appointed a representative to monitor the ongoing situation with Ethena.
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The crypto market dipped back into bearish territory as prominent cryptocurrencies, including Bitcoin (BTC), registered notable declines. BTC reached a high of $86,444 as markets rallied.
According to the decentralized total value locked (TVL) aggregator DefiLlama, the total Real World Tokenization (RWA) market has reached $10.2 billion in assets locked. Among the best-performing platforms are Maker's RWA, BlackRock BUIDL, Ethena USDtb, and Ondo Finance, which have clocked a total TVL of over $4 billion.
Stablecoins surpass Visa, Mastercard in transaction volume, signaling a major shift in global finance.
The crypto project backed by BitMEX founder Arthur Hayes is launching a new blockchain with Securitize, a US company geared towards the tokenization of real-world assets (RWAs).
According to an X post, on-chain analysts noticed that the $USDe ticker was bought on Hyperliquid some hours ago today, March 18, 2025. Now, the user is speculating that the ticker purchase suggests Ethena is going to deploy on the Hyperliquid L1 chain.
Sky Protocol is trying to flip Ethena as the more active DeFi app, with a higher supply of stablecoins. The recent market downturn is affecting DeFi, as protocols adapt with shifting earnings rates and lower stablecoin supply.
Cryptocurrency prices resumed their downward trend on Tuesday as market participants awaited the second Federal Reserve interest rate decision of the year. Pi Network (PI), the viral tap-to-earn token, was one of the worst performers, dropping by almost 13%.