PancakeSwap (CAKE) has increased 40% in the last 24 hours, and its revenues have climbed to $19 million over the past seven days, behind only Tether, Circle, and Jupiter.

Stablecoin developer Ethena Labs and real-world asset (RWA) tokenization company Securitize are launching a new blockchain for retail and institutional investors seeking access to the DeFi and tokenization economies. According to a March 17 announcement, the forthcoming Converge blockchain is an Ethereum Virtual Machine that will provide retail investors with access to “standard DeFi applications.

Ethena Labs and Securitize have announced the launch of Converge, a layer-1 blockchain focused on institutional capital flows and integrating tokenized assets with DeFi. According to Ethena Labs' March 17 announcement, the initiative aims to provide a purpose-built network for permissioned and permissionless financial applications.

Converge, expected to launch in Q2, is an Ethereum-compatible blockchain featuring native KYC and custody solutions.

Ethena Labs and Securitize have announced the incoming launch of Converge, a blockchain tailor-made for DeFi and tokenized assets. The incoming blockchain has a deep pool of partners angling to roll out offerings with parties eyeing a Q2 launch.

Ethena Labs and Securitize have announced the launch of Converge, a blockchain designed to support decentralized finance and tokenized assets.

Bitcoin's next move would be impacted by key economic events set to unfold this week.

The Converge blockchain is Ethereum compatible and designed to bring DeFi to tokenized real world assets.

Decentralized exchange PancakeSwap is reaping the rewards of a Binance Smart Chain surge—sending its CAKE token flying.

CAKE, the native cryptocurrency of PancakeSwap, a decentralized exchange on the BNB Chain, has surged over 45% within the last 24 hours.CAKE surged from a low of $1.78 to a high of $2.69 in early Monday's session, extending yesterday's recovery from lows of $1.383. At the time of writing, PancakeSwap was up 40% to $2.48 and up 59% weekly.

PancakeSwap (CAKE) is showing strong bullish momentum with a 15% surge in price.

PancakeSwap's native token CAKE surged 15% as the trading platform overtook other decentralized exchanges in daily trading volume, reaching $1.64 billion.

The influence of Changpeng 'CZ' Zhao drives the BNB Chain adoption as Solana's activity slows down.

After retesting and rebounding from a crucial support level of around $1.55 in the past few weeks, PancakeSwap (CAKE), the largest decentralized exchange (DEX) on the BNB chain, has signaled a shift to bullish sentiment.

The short-term sentiment behind CAKE appeared bullish- could this lead to increased bidding and a move beyond $2.16 next?

Here is how some of your favorite assets concluded the week.

The crypto market today held steady as investors remained optimistic that the worst is now behind us. This hope rose after stocks and crypto prices surged on Friday, with the top three US indices like the Dow Jones, Nasdaq 100, and S&P 500 rising by over 1.5%.

The crypto market had a mixed day as price action varied across cryptocurrencies. Bitcoin (BTC) continues to struggle, briefly dipping below $80,000 before recovering and moving to its current level.

The total cryptocurrency market cap has lost more than $1 trillion in the past three months, causing intensified panic selling.

BlackRock's tokenized U.S. Treasury fund, BUIDL, has surpassed $1 billion in assets under management following a $200 million allocation from Ethena. Data from RWA.

BlackRocks tokenized U.S. Treasury fund, BUIDL, has surpassed $1 billion in assets, driven by a $200 million allocation from crypto protocol Ethena, according to Securitize. Ethereum blockchain data from Arkham Intelligence confirmed a $200 million BUIDL minting at 18:47 UTC on Thursday.

BUIDL is a key building block for multiple yield-generating offerings as a reserve asset, and it's increasingly used as collateral on trading platforms.

TL;DR MEXC Ventures invests $36 million in Ethena and its USDe stablecoin to accelerate the adoption of synthetic dollars within the DeFi ecosystem. USDe is a synthetic stablecoin that maintains its value through collateralizing other stablecoins and holding futures positions, differentiating itself from directly fiat-backed stablecoins.

The investment aims to boost stablecoin adoption and crypto accessibility.

JUP price hovers near a critical level, signaling potential movement. Market participants should watch for confirmation signals.

Binance announced that it would host Bubblemaps' (BMT) Token Generation Event (TGE) on PancakeSwap.

Ethena surges 4.96% as derivative traders fuel momentum, while spot traders continue selling.

Ethena (ENA) has gained significant traction ever since its launch, but its price performance gains excitement and skepticism simultaneously. Considerable concerns exist as the token has not created a new ATH in a year.

Here is how some of your favorite assets concluded the week.

Amid the crypto market downturn, the Ethena Token (ENA) is witnessing a significant price rally, surging 20% from yesterday's dip. The price spike, especially in the turbulent market, has caught everyone's attention.

XRP price has pulled back in the past few days, and is at risk of further downside after forming a head and shoulders pattern on the daily chart. Ripple was trading at $2.3515 on Saturday, down by over 30% from its highest level this year.

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

The past month's liquidation heatmap highlighted the $0.48-$0.515 as a strong magnetic zone.

The crypto market today continues to spark investor uncertainty, showcasing riveting movements. Bitcoin (BTC) price stagnates around $85K as the week comes to an end, whereas altcoins mimic a volatile trajectory.

For the first time since 2021, PancakeSwap has hit new all-time high monthly trading volumes. These impressive figures from Pancakeswap highlight the platform's growth and resilience.

PancakeSwap, a leading decentralized exchange (DEX) operating on nine blockchain networks, set a new record for trading activity in January and February 2025. It has achieved the highest monthly trading volume since 2021.

The crypto market slid back into the red as it declined over 4%, slipping below the $3 trillion mark and moving to its current $2.87 trillion. Bitcoin (BTC) is down nearly 5% despite Donald Trump's announcement of a strategic reserve consisting of Bitcoin.

Ethena (ENA) triggered a significant event in the crypto market by unlocking 2.07 billion ENA tokens, valued at approximately $740.71 million. This massive increase in circulating supply, accounting for 39.17% of the total supply, raised important questions about market stability, price volatility, and investor sentiment.

Amid the ongoing market uncertainty, crypto whales are seen offloading Ethena (ENA) tokens. Today, March 6, 2025, a prominent crypto expert posted on X (formerly Twitter) that whales have dumped a significant $148 million worth of ENA tokens onto the exchanges in the past 48 hours.

ENA unlock injected $740.71 million into the market, influencing price action, volatility, and investor sentiment.

Ethena (ENA) has recently experienced a price uptick of 17%, following a challenging start to the year. This rise, however, comes after significant losses that started early in 2025, exacerbated by a massive token unlock event in the last 48 hours.

Ethena (ENA), the governance token of Ethena Labs, has surged by an impressive 11% within 24 hours, climbing to $0.3791 amid a broader cryptocurrency market recovery. This rebound follows a brutal 69% correction over the past 60 days, offering a glimmer of hope to investors.

The crypto market rebounded on Wednesday after President Donald Trump hinted at a tariff relief after Commerce Secretary Howard Lutnick reportedly stated Trump could roll back tariffs on Canada and Mexico, with an announcement likely on March 5.

Bybit has announced a new initiative to reward users who hold or use Ethena's USDtb stablecoin.

Ethena Labs' USDe continues to make moves to position itself as a logical alternative to USDC and USDT as the stablecoin competition heats up. The latest in a series of progressive moves Ethena Labs has made regarding USDe involves Bybit, one of the largest exchanges in the industry right now.

The move comes as the stablecoin market grows increasingly more competitive and the U.S. nears creating regulatory certainty around stablecoins.

Ethena token unlock will release $728 million worth of tokens on March 5, adding 2.07 billion ENA into circulation. According to data from Tokenomist, this unlock accounts for 66.19% of its total supply.