Ethena Labs is going through the most rapid expansion of the USDe supply in its history, boosted by bullish crypto sentiment.

IOTA price experienced a harsh reversal this week, becoming one of the worst-performing top-100 cryptocurrencies. IOTA (IOTA) has declined for four consecutive days, reaching a low of $0.3400, down 46% from its year-to-date high.

IOTA (MIOTA), a cryptocurrency centered on the Internet of Things (IoT), has garnered attention due to its unique distributed ledger technology that facilitates seamless, low-cost transactions between devices connected to the internet. IOTA's vision of powering smart cities, automating industries, and supporting global trade has made it a prominent player in the crypto space.

SUPER remains in bullish territory, backed by strong market sentiment.

The stablecoin market has crossed an impressive $200 billion in value, with the top three fiat-pegged tokens experiencing notable growth over the past month. Ethena's USDE has taken center stage, climbing over 89% since Nov. 9. USDE Supply Soars, USD0 Issuance Climbs a Staggering 91% As of Monday, Dec. 9, stablecoin data from coingecko.

After briefly reaching $1, ENA holders have started selling the asset.

Ethena (ENA) is catching the attention of investors and analysts alike. Over the past 24 hours, Ethena has surged by 12.61%, extending its 7-day rally to 34.22%.

After months of consolidation, CHZ may be ready for a significant price breakout.

The Ethena price rally is fueled by high demand for its USDe stablecoin, which has seen a 73% market cap increase in the past month.

Ethena's USDe stablecoin has grown to become the third-largest stablecoin with a $4.77 billion market cap through its high-yield strategy of offering 29% APY, surpassing DAI while attracting users who primarily hold the token for earnings rather than trading.

IOTA has recently captured the attention of the cryptocurrency community, with its price making a dramatic upward move. Since November 2024, the token has experienced an explosive 250% surge, mirroring the broader bullish trend in the market.

Ethena's synthetic USDe dollar has emerged as the fastest-growing USD-pegged stablecoin over the past 30 days after its market capitalization skyrocketed 73% to an all-time high of $4.77 billion. The surge has propelled USDe to become the third-largest stablecoin, surpassing DAI's $4.7 billion market cap.

IOTA Network's $IOTA is in the midst of a sweltering price surge. The coin rallied 67.5% in the last 24 hours and 141% in the last seven days to hit $0.5641, the highest price $IOTA has traded at since May, 2022. An announcement yesterday appears to be driving $IOTA's rocket ride.

TL;DR Ethena and Derive have integrated the USDe stablecoin as collateral for options trading, facilitating the creation of new products on Derive's platform. As part of the collaboration, a multi-million dollar grant will be awarded to Derive, and sENA holders will be able to receive 5% of the total supply of Derive's governance token, DRV.

Today, IOTA price has surged by over 60% to tap $0.5756, marking the first time it has crossed the $0.50 threshold since May 2022. The price surge has captured the attention of most traders and investors, with many projecting that more is yet to come after the $0.5 breakout.

Nike-owned RTFKT is winding down and Chiliz CEO Alexandre Dreyfus expressed the platform's intentions to bid on RTFKT's assets.

TL;DR IOTA has launched a crucial vote to decide on the implementation of the Rebased protocol, aimed at improving the network's scalability, decentralization, and efficiency. Rebased introduces Move-based smart contracts, a dPoS model with 150 validators, and the Mysticeti protocol capable of processing 50,000 TPS.

On December 3, Tuesday, IOTA price surged 60% on the back of a crucial network update. This massive rally is in line with the veterans like Ripple (XRP) and Stellar Lumens (XLM).

IOTA, the native cryptocurrency of an open-source Distributed Ledger Technology (DLT) platform, has emerged as the top-performing altcoin in the last 24 hours. During this time, the asset's value surged by 40%, and it is now trading at $0.48.

Derive is getting set to launch its native DRV token on January 15, 2025.

Ethena, the decentralized stablecoin protocol behind the synthetic dollar USDe, has entered into a pivotal partnership with Derive, a leading on-chain options protocol. The collaboration, announced on Dec. 3, marks a significant step in expanding both platforms' reach and functionality within the decentralized finance (DeFi) ecosystem.

On Nov. 3, IOTA led gains among the 100 largest cryptocurrencies by market cap as developers initiated voting for the Rebased upgrade. IOTA (IOTA) rose 46% in the last 24 hours to a six-month high of $0.

IOTA is gaining momentum! If it manages to close above $0.45 in the daily charts, we could see potentially hitting the $0.70 mark.

IOTA's price action over the next few days could be very interesting.

Another altcoin season is about to dawn on the cryptocurrency market when rival cryptocurrencies outperform established coins and draw investor attention. A small number of cryptocurrencies are likely to lead the next market explosion as blockchain technology develops and popular acceptance rises.

This week in crypto promises to be eventful, with major developments expected to shape market sentiment. Ecosystems like Solana, Jito, Ethena, and Jupiter are set to make headlines with key updates.

Monday started with blood on the cryptocurrency market. According to data from CoinGlass, more than $500 million in long and short positions in crypto asset futures were liquidated over the past 24 hours.

Ethena Labs has officially submitted a proposal to include its upcoming stablecoin, USDtb, in Spark's liquidity competition.

Ethena and Securitize submitted a proposal for Spark's Tokenization Grand Prix, competing for up to $1 billion in liquidity with their USDtb stablecoin.

Stablecoin issuer Ethena has partnered with tokenization platform Securitize to submit an application to include the USDtb stablecoin in Sky's $1 billion tokenization contest.

TL;DR Ethena and Securitize have submitted their proposal to launch the USDtb stablecoin in the Spark tokenization competition, backed by BlackRock. The Tokenization Grand Prix will allocate up to $1 billion in liquidity to selected partners. The results will be decided by a governance vote from the token holders of the Sky ecosystem.

Ethena (ENA) recently drew new buyers, including Pantera Capital and crypto influencer Arthur Hayes. Ethena is facing favorable conditions, expanding the supply of USDe to 4.16B.

Arthur Hayes, the former CEO of the popular cryptocurrency exchange Bitmex, has made a significant impact on the digital asset world once again, this time with his strategic investment in the altcoin Ethena (ENA). Hayes' recent moves have sent the price of ENA soaring, marking a dramatic shift in the altcoin's market dynamics and fueling optimism for its future.

Stablecoin issuer Ethena is pitching its upcoming stablecoin USDtb for Spark's competition to bring $1 billion in tokenized assets to Sky.

The leading blockchain firm has been steadily increasing its ENA holdings over the last three weeks.

According to the firm, the development of the mainnet is already 95% complete.

Based on current data, the stablecoin market has seen a notable expansion. This week, Ethena's yield-bearing token, USDE, has reached a peak valuation of over $4.12 billion. Ethena's USDE Tops $4.

Ethena has breached its most awaited resistance level, clearing the path for a 50% rally.

November has been a standout month, with multiple assets reaching new highs. Real World Assets (RWAs) are no exception.

As technical indicators ring bullish, it seems this months 85% gain is just the beginning for Ethena, eyeing a $1 valuation. The post Ethena Showing Strong Bullish Signals, Up 85% In 30 Days: Can ENA and This New Meme Coin Reach $1 in 2024? appeared first on Cryptonews.

The digital assets landscape saw bullish actions today, with the global crypto market cap surging 1.78% to $3.32 trillion. The upside came as Bitcoin rebounded to a daily high of $97,357 early today. BTC changes hands at $95,650 at press time as enthusiasts await the highly sought-after $100,000 milestone.

Ethena (ENA), a relatively lesser-known cryptocurrency, is becoming the focus of major investors as its price dips. With the token losing 15% of its value in the last 24 hours, some investors see this as a prime opportunity to buy in at what could be a low point.

Ethereum Name Service (ENS) and Ethena (ENA) turned up as the biggest gainers in the crypto market over the last 24 hours while Bitcoin (BTC) took another chance to hit $100k. Major altcoins like Ethereum (ETH) and XRP also rallied over 4% as the market sentiments remained “Extreme Greed”.

With the Ethena market cap crossing about $2 billion, the ENA price has surged nearly 40% in the past seven days. Will this bullish recovery rally lead to a price surge beyond the $1 mark? Let's find out in our latest Ethena price analysis.

Hayes accumulation in the last few days have undoubtedly impacted ENA price.

With Ethena (ENA) soaring by nearly 36% in recent days, it's catching the eye of big players in the crypto world. Prominently Arthur Hayes, the co-founder of BitMEX, has made headlines by moving his holdings to ENA. He recently accumulated 16.79 million ENA tokens, valued at approximately $11.

BitMex co-founder and American entrepreneur has been on Ethena (ENA) accumulation spree in the past 48 hours. Lookonchain reveals that he shifted all his Aethir (ATH) assets to ENA amidst portfolio reshuffling. The move comes after ATH's performance went against his expectations, translating to massive losses holdings.

Bitmex co-founder Arthur Hayes is on an ENA accumulation spree driving more than 22% Ethena price gains in the last 24 hours. This comes as Hayes is reportedly moving all of his Aethir (ATH) holdings to Ethena (ENA) as part of portfolio reshuffling, after making heavy losses in ATH.