According to recent data, bitcoin and ethereum have experienced modest improvements in the last 24 hours, but both have dropped against the U.S. dollar over the week, with losses ranging from 0.8% to 5.5%. However, several other crypto assets saw impressive gains, with spx6900 (SPX) stealing the spotlight by skyrocketing 193%.

The month of October, better known as “Uptober” in the crypto market, is expected to trigger rallies and gains for many altcoins.

The global crypto market cap ended last week with a 7% drop, losing $160 billion as it closed at $2.15 trillion.

With the altcoins market, excluding Bitcoin and Ethereum, crashing under $600M, bearish clouds turn darker over crypto. Amid such conditions, a fresh recovery day with BTC hitting $62k shows a relief jump in altcoins. Further, despite the global tensions heating up, these altcoins are teasing a bounce back next week.

The FTX $12.7 billion repayment is a bullish catalyst many never expected, considering the exchange's collapse was behind the 2022 bear market. With fresh liquidity to be injected into the crypto market, Binance Coin (BNB) and Solana (SOL) are altcoins to watch. Meanwhile, whales have been positioning themselves ahead of the upcoming bull run.

FTX Token (FTT) rose 64% to $2.23 ahead of the October 7 court hearing on creditor repayments, with a potential 160% increase if approved.

Bitcoin and other altcoins held steady after the Bureau of Labor Statistics published encouraging September nonfarm payrolls data. US nonfarm payrolls rebound Bitcoin (BTC) rose slightly to $62,500 while Solana (SOL) jumped by 3% to $140.

FTX Token (FTT) has erupted with a 20.40% surge over the past 24 hours, now trading at $2.40.

The bearish action in the crypto market has led to top projects such as Bitcoin, Ethereum, and others losing momentum. However, FTX has been one cryptocurrency that has gained significant pace within a short period. Further, with a jump of ~30%, it has secured the position of top gainer among the top 100.

FTX Token (FTT) is now the talk of the town, thanks to speculations surrounding FTX's plans to begin creditor and customer repayments.

FTT token of the bankrupt crypto exchange FTX witnessed a dramatic price surge by 115% and hitting $2.99 before closing at $2.40. The token has been trading around $1.30 for quite some time before suddening surging. Let's understand why this token became so bullist amidst market uncertainty.

Meanwhile, Iran's missile threat against Israel rattles markets as Coinbase and bitcoin mining stocks sell off.

The price of FTT, the native token of the now-defunct cryptocurrency exchange FTX, has surged 60% to a high of $2.7.

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

Will FTX creditors start receiving reimbursement funds by 30th September?

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.

FTX Token (FTT), the cryptocurrency associated with the bankrupt exchange FTX, experienced a significant price surge on September 29, climbing over 70% to reach $2.70.

The crypto markets are heading towards the end of the quarter and after an interim upswing, the prices of most of the tokens have been facing significant upward pressure. During the weekend, the Bitcoin price surged above $66,500, which squashed the possibility of a bearish close for the quarter.

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

Latest updates on TON, TRX, and FTT coins.

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.

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.

Amid the anticipation around the Bull Run, most cryptocurrencies are facing a bullish push these days, including the FTX Exchange token, which is surprising. FTX was among the most popular exchanges but filed for bankruptcy after it misused the user's funds and other illegal practices, leading to the collapse.

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.

The FTT token is back in action as the broader market slows down as September concludes. With rising speculations that the $16 billion payment to FTX creditors will come soon, the market price concludes a long-coming resistance trendline.

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.

Cryptocurrency Prices Today: The global cryptocurrency market is showing a slight 0.13% increase over the past 24 hours, bringing the total market cap to $2.31 Trillion. However, 24-hour trading activity has taken a significant dip, dropping by 18.72%, now sitting at $47.37 billion.

The crypto prices today have illustrated mixed actions, stirring investor speculations globally. Bitcoin (BTC) price slipped to the $64K level, whereas Ethereum (ETH) and Solana (SOL) encountered significant volatility.

The cryptocurrency belonging to the defunct cryptocurrency exchange FTX (CRYPTO: FTT) dramatically jumped on Sunday, dwarfing the gains made by the rest of the market. What happened: FTT exploded more than 60% over the last 24 hours, turning out to be the market's biggest gainer by a mile.

The FTX token has recorded a massive price surge in its portfolio in the past few hours raising many speculations. Notably, the price rally sparked following a tweet by a crypto influencer “Crypto Rover” claiming that the FTX exchange could be repaying $16 billion to its creditors from 30th September.

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.

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

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.