Over 2.07 billion Ethena (ENA) tokens worth $820 million will hit the crypto market in the first week of March.

Ethena (ENA) is set for $1.3 billion in token unlocks this week, marking a significant milestone in the cryptocurrency landscape

Toncoin (TON) has been exhibiting strong bullish price action recently, with technical analysis and on-chain data suggesting the possibility of a significant rally. Despite some uncertainty in the broader cryptocurrency market, TON has managed to show resilience, gaining attention from traders and investors alike.

This week in crypto, several major events are in the pipeline, with the potential to affect traders' and investors' portfolios. Among the top stories include the White House crypto summit, massive ecosystem-specific token unlocks, and Tron blockchain moving forward with its recent commitments.

If TON breaks above $3.37, it could rally 7% to $3.60, with further upside potential if it closes above $3.40.

The final week of February 2025 saw Figure secure $200 million for its asset management platform. Crypto.news collected data from Crypto Fundraising and discovered that the week's funding reached nearly $500 million across multiple sectors.

Tether's USDT has achieved the fastest deployment of a stablecoin on any blockchain, reaching $1.4 billion issued on TON in just ten months. This is according to data by Artemis and Ournetwork.

Bithumb, a prominent South Korean crypto exchange, has officially added Ethena (ENA) to its KRW market.

For most of February, the crypto market trended sideways, but this week, activity has plunged due to the impact of Donald Trump's war trades. The downturn triggered over $800 million in liquidations in the past 24 hours as traders struggled with the volatility.

Toncoin (TON), the native token of The Open Network (TON), has gained significant attention in the cryptocurrency space due to its association with Telegram. As the cryptocurrency market continues to evolve, investors are keen to understand the future potential of TON.

Ethena (ENA), a relatively young cryptocurrency, has recently garnered significant attention in the digital asset space. This surge in interest can be attributed to a series of substantial whale movements, including a massive transaction that could potentially set the stage for a price rally.

MEXC announced a $20 million allocation to Ethena's synthetic dollar USDe and a $16 million in Ethena Labs to fund user incentives to drive stablecoin adoption. On Feb.

MEXC, the leading global Cryptocurrency Exchange, announced on Wednesday that it has made a whopping 20 million dollars investment in $USDe in order to drive the stablecoin adoption. It further revealed that MEXC Ventures, the investment arm of MEXC, has also allocated $16M for USDe developer, Ethena Labs.

The crypto market displays significant fear as Bitcoin approaches new lows of $80K. Amid the uncertainty, Ethena (ENA) witnessed optimism, with a large-scale investor purchasing its latest dip. Investors scoop ENA's dip Lookonchain highlighted a new wallet that cashed out 14.51 million ENA assets (worth around $5.95 million) from Binance.

MEXC has invested $20 million in USDe, Ethena's synthetic dollar, to drive stablecoin adoption and expand DeFi innovation. The exchange also launched a $1 million rewards campaign to incentivize participation in the growing stablecoin market.

A newly created wallet has withdrawn 14.51 million ENA tokens worth $5.95 million.

The Open Network (TON) has made impressive strides in the cryptocurrency ecosystem throughout 2024, demonstrating resilience and solid growth despite broader market fluctuations. With a total value locked (TVL) of $300 million by early 2025, TON has solidified its position as a strong contender for long-term investment.

Optimism (OP) is currently at a critical juncture. After forming a head-and-shoulders pattern, typically a bearish signal, the asset is nearing crucial support levels.

USDe is a synthetic dollar stablecoin that has nearly $5.9 billion in circulation.

Hamster Kombat has introduced the Hamster Network, a new layer-2 blockchain built on The Open Network (TON), aimed at revolutionizing Web3 gaming and decentralized applications.

Bulls are not going to give up easily, according to CoinStats.

The Open Network (TON) is powered by Toncoin. However, TON price continues to decline for the past three consecutive months. With declining returns, is Toncoin worth buying at a dip?

The popular Telegram game Hamster Kombat has introduced the Hamster Network, a new layer-2 blockchain built on The Open Network (TON).

TL;DR Enhanced Transparency and Security: Ethena Labs integrates Chaos Labs' Edge Proof of Reserves Oracles to boost the transparency and security of USDe's reserves. Market Response: The move comes after recent USDe volatility due to Bybit's hacked ether derivatives market, aiming to restore stability and confidence.

The importance of synthetic stablecoins in the crypto market

Ethena has created history with its mind blowing hold over the world. The financial system was revolutionized when Ethena started climbing the ladder.

TON's ecosystem showed resilience in 2024, with strong long-term gains, stable network activity, and a $300 million TVL.

ENA appears to be reversing from a prolonged downtrend, with a descending wedge breakout and Elliott Wave counts signaling a potential new impulsive phase. Key resistances lie at $0.63 and $0.76.

The hit Telegram-based crypto game Hamster Kombat has officially launched its own Layer-2 blockchain, named Hamster Network, on The Open Network (TON).

Ethena Labs has just revealed that it integrated Chaos Labs' data authenticity technology, Edge Proof oracles, to strengthen the risk management framework for its synthetic dollar token USDe. Ethena's USDe is a synthetic stablecoin that maintains a soft peg with the U.S.

Hamster Kombat (HMSTR) recently launched a gaming-focused layer-2 on the TON blockchain, attracting attention in the Web3 gaming space.

OP faces a crucial test, with bearish momentum growing. However, key indicators suggest a potential breakdown or reversal.

Bithumb added Ethena ENA to the KRW market, with trading volume rising over 100% despite the token's recent price decline.

Telegram's massive user base, combined with TON's Layer-2 through Hamster Network, aims to drive mainstream crypto adoption by providing seamless and cost-effective Web3 interactions.

Ethena's price is showcasing remarkable resilience amid the wider crypto market bloodbath, with most altcoins posting losses in the 8 – 20% range in the last 24 hours. Currently trading at $0.

Telegram-based tap-to-earn (T2E) game Hamster Kombat announced the launch of its Hamster Network on February 25.

Ethena Labs has integrated Chaos Labs Edge Proof oracles to strengthen the risk management framework of its synthetic stablecoin, USDe. The integration enhances transparency by independently verifying USDes total reserves, reserve coverage, and governance-approved collateral.

Bithumb, one of South Korea's leading crypto exchanges, is set to add Ethena to its Korean Won market today. According to Bithumb's official announcement, trading for Ethena (ENA) will begin at 6:00 PM KST on Tuesday, Feb. 25, 2025.

The Edge Proof of Reserves Oracles provide a real-time, transparent mechanism to verify that token issuers like Ethena hold sufficient reserves.

Ethena has secured $100 million in funding from major investors to develop its blockchain ecosystem and introduce iUSDe, a token tailored for traditional financial institutions.

Toncoin (TON) continues to face a challenging market environment, struggling to reverse its recent downward trajectory. Trading below the $4 mark, the asset's price performance over the past weeks has remained largely in the red.

Optimism (OP) has emerged as one of the leading Layer-2 scaling solutions designed to address Ethereum's scalability issues. The blockchain protocol has gained significant attention for its ability to process transactions quickly and with minimal gas fees, making it an attractive option for developers and users looking for more efficient alternatives within the crypto space.

A recent Bloomberg report reveals that Ethena Labs, the crypto startup behind the yield-bearing stablecoin USDe, has secured $100 million from well known strategic investors. Ethena Labs Garners $100M in Pivotal Funding Round Over the past year, the yield-bearing stablecoin USDe has captured considerable attention, emerging as the third-largest fiat-pegged token by market capitalization.

Celo, Chainlink, Hyperlane, and Velodrome have announced Super USDT, a new interoperable token for the OP Superchain ecosystem.

Most of the coins keep setting new local lows, according to CoinStats.

Ethena's investors purchased its native token, ENA, at $0.40, causing its price to spike to $1.30 in mid-December. However, market fluctuations have since pushed ENA down to $0.41, marking a 51.48% loss in the past one month.

TL;DR Ethena Foundation raised $100 million in a private sale of ENA tokens with investors such as Franklin Templeton and Polychain. The funds will finance a new blockchain and the launch of iUSDe, a token designed for financial institutions. iUSDe aims to adapt the USDe model to regulated markets through programmable transfer restrictions.