ENA trades below critical support levels, with analysts predicting further declines unless a recovery above $0.86 is achieved.
The team estimates it could earn approximately 27% APY, helping drive revenue to Sky and maximizing returns for Savings USDS depositors.
Ethena token stabilized after falling sharply in recent days following Spark's announcement of stablecoin integration. Ethena (ENA) rose to $0.83 on Jan. 14, recovering from this week's low of $0.7255.
Ethena (ENA), a promising contender in the cryptocurrency space, is under scrutiny following a significant $6.46 million deposit of 7.85 million tokens by Arthur Hayes, co-founder of BitMEX, into Binance and Bybit. This high-profile move has fueled market speculation about potential sell-offs or strategic repositioning, driving a 9.84% price drop.
Arthur Hayes actively traded Ethena (ENA), while also encouraging users to buy USDe for staking.
USDE is the flagship stablecoin product of Arthur Hayes-backed Ethena Labs. It's a synthetic dollar that uses a “delta-neutral” strategy to maintain its peg with the U.S. dollar.
Bitcoin (BTC) dipped to its lowest level since November as its post-election rally lost steam. BTC fell to an intraday low of $91,314 before recovering to its current level of $93,311.
Ethena (ENA) has experienced a significant 18% drop in price over the last 24 hours, pushing its market cap below the $3 billion mark. Despite this, ENA remains one of the top 50 largest cryptocurrencies by market capitalization.
Stablecoins and liquid staking tokens are continuing to drive TVL growth across DeFi.
Digital assets remain in the red as Bitcoin hovers below $95K after its recent plunge from above $100K. Ethena saw its value decline over the past few days, and a 7% price dip in the past day plunged its market cap beneath $3 billion.
Ethena (ENA) price has dropped 18% in the last 24 hours, pushing its market cap below $3 billion. Despite this decline, ENA remains one of the top 50 largest cryptos by market cap.
Ethena, a well-known synthetic dollar protocol built on the Ethereum blockchain, is considering its next goals for the new year.
TL;DR Ethena surpasses DAI and reaches a $6 billion market capitalization with its stablecoin USDe, standing out in the sector. The integration of sUSDe into Aave drives over $1 billion in inflows in just a few weeks, attracting large investors. Ethena launches USDtb, a stablecoin backed by U.S.
As a minor pullback in the ENA price harming the Ethena whales' confidence, the price analysis reflects a buying opportunity.
Ethena shows strong technical indicators and consistent growth across multiple timeframes, with a potential target of $2.44
ENA's recent activity among whales and retail traders places the asset in a favorable position.
Bitcoin bulls keep pushing for $100,000, and if they make it, SUI, ENA, SOL and ICP could also break out.
Here is how some of your favorite assets concluded the week.
The crypto project backed by BitMEX founder Arthur Hayes wants to explore a potential market for financial services on the messaging platform Telegram. In a statement, Ethena Labs says it's mulling building a Telegram-based savings and payment application this year as it sees a $50 billion market for its synthetic dollar USDE.
Ethena Labs, a prominent player in the world of synthetic dollars, has unveiled an ambitious 2025 roadmap designed to enhance the accessibility and usability of its innovative financial products. Central to the plan is the integration of iUSDe, a synthetic dollar variation, into traditional finance (TradFi) portfolios, offering attractive 20% annual percentage yields (APY) to investors seeking stable returns in the current economic climate.
Ethena (ENA) has garnered significant attention in the crypto space, surging by over 11% in the past 24 hours and pushing its market capitalization to a solid $3.5 billion. This rally is driven by a range of strong technical indicators that suggest the token may have more room for growth in the near future.
The Aave community has pushed back against the proposal, questioning whether it addresses the core risks.
In 2024, Ethena (ENA) was one of the cryptocurrencies that shined the most, gaining major attention from investors. However, things might go to another level after its strategic growth and new development plans.
Ethena (ENA) is showing strong bullish momentum, breaking key resistance levels and attracting steady capital inflows.
Ethena Labs unveiled its 2025 roadmap on January 3, introducing a Telegram-based payment and savings application leveraging its sUSDe stablecoin.
Ethena (ENA) price has surged over 11% in the last 24 hours, bringing its market cap to $3.5 billion.
Ethena protocol reveals an ambitious roadmap for 2025, planning major expansions into TradFi and introducing new products after achieving remarkable growth, with its synthetic dollar USDe becoming the third-largest USD asset in crypto.
Ethena Labs published its roadmap for 2025 on Jan. 3, which included the reveal of a Telegram application for payments and savings based on its sUSDe stablecoin, aiming to offer a “neobank experience.” The initiative allows users to send, spend, and save sUSDe directly within the messaging app.
As Ethena unveils plans to expand its product suite and penetrate traditional finance, the protocol's native token, ENA, has experienced a surge in price and trading activity. The synthetic stablecoin protocol aims to cement its position as a “neobank,” introducing innovative products such as iUSDe and Telegram-based payments in early 2025.
The breakout stablecoin protocol is launching a token geared towards FinTech incumbents and a Telegram-based payments app in Q1 2025.
Ethena plans to offer access to staked USDe (SUSDe) to TradFi investors. In Q1, Ethena will bring in new clients, expanding the influence of its stablecoin.
TL;DR Ethena reached a supply of $6 billion USDe in just 10 months and exceeded $1.2 billion in annual revenue in December 2024. The platform consolidated its presence in the centralized exchange market, with USDe being used as collateral in 60% of these, and launched USDtb with BlackRock's backing.
Ethena's “singular focus” for the first quarter of 2025 is the distribution of the “TradFi Wrapped” iUSDe synthetic dollar.
Ethena 2025 roadmap has been announced, with plans to launch iUSDe next month and initial distribution partners to be announced soon.
The crypto market has gotten off to a flying start to 2025, recovering from recent losses as investor optimism returns. Bitcoin (BTC) crossed $95,000, reaching an intraday high of $97,721 before registering a marginal drop and dropping to its current level of $96,712.
The crypto market is abuzz as institutional investors gear up for what could be a transformative phase. Altcoin Daily analyzes the crypto market insight of Dan Morehead, founder of Pantera Capital, who emphasizes the massive potential of altcoins in driving this next wave of adoption.
Cryptocurrencies resumed their uptrend on Thursday as many investors returned from the Christmas and New Year holidays. This rebound in the crypto and stock market in the early days of the year is known as the January Effect. This January Effect is important because of the potential catalysts that may push crypto prices higher.
Ethena price rises for two straight days as annual revenue increases and a Chainlink whale buys its token. Ethena (ENA) rose to an intraday high of $1.
Ethena [ENA], a cryptocurrency that has gained attention in the market, is facing significant challenges as it enters 2025. With its price steadily declining over the past week, losing 11.89% of its value, and another 2.01% in the last 24 hours, traders and investors are bracing for what could be a dramatic downturn.
On the 4-hour chart, ENA appears to be forming a head and shoulders pattern - a bearish knell.
Seraphim Czecker, the head of growth at Ethena, has announced he is stepping down.
Seraphim, who led over $1 billion in partnerships, said support the Ethena “team from the side” though is burnt out on the DeFi sector.
Grayscale updates its Top 20 tokens for Q1 2025! New additions include Hyperliquid, Ethena, and more, with Optimism and Chainlink making a comeback.
TL;DR The crypto market is set for significant token unlocks next week, including SUI, Optimism, Ethena, and more, with a total value exceeding $832 million. SUI will lead the releases with 64.19 million tokens valued at $263.20 million, followed by Optimism with 31.34 million tokens worth $58.30 million, among other notable projects.
Grayscale's focus on emerging tokens highlights shifting market dynamics, emphasizing decentralized AI and Solana's growing influence in 2025. The post Grayscale lists HYPE, VIRTUAL, ENA, JUP among high potential tokens for Q1 2025 appeared first on Crypto Briefing.
The crypto market and decentralized finance (DeFi) face an extremely complex problem on a daily basis: stability. This kind of Achilles' heel has been both the reason for being and the driving force behind the creation of new solutions.
Check out the top 5 RWA tokens that could grow big by 2025. These tokens have the potential to multiply your investment.