According to Ethena Labs, the USDe stablecoin's exposure to Bybit via derivatives is more than offset by its reserve fund.
Ethena Labs has provided an update confirming that its unrealized PNL exposure to the hacked crypto exchange Bybit is now zero.
Here is how some of your favorite assets concluded the week.
Ethena (ENA) has flashed a buy signal, offering potential for a price rebound after a period of decline. This signal comes from the TD Sequential indicator on the 12-hour chart, suggesting that ENA could see a price recovery.
ENA's charts flashed potential for recovery, but resistance levels will determine the sustainability.
Ethena's native token, ENA, is facing significant downward pressure after one of the token's major holders transferred 18 million ENA tokens, worth around $8.78 million, to Binance. This substantial transaction, which occurred on February 11, has caused a notable price drop for the token, with ENA experiencing a more than 10% decline in value over the past 24 hours.
Digital tokens suffered sudden dips as Bitcoin plunged beneath $95K after the US CPI data. While top altcoins XRP (-3.05%), Solana (-3.30%), and AVAX (-5%) reflected the dwindled sentiments, Ethena led the downside with an over 12% dip. Besides the worrying inflation figures, today's Ethena unlock intensified ENA's price plunge on the daily chart.
Blockchain analytics firm Lookonchain reports significant losses for a crypto trader involved in a decentralized finance (DeFi) project that recently saw a steep price correction.
Blockchain tracking firm Lookonchain says a crypto trader is looking at massive losses after one decentralized finance (DeFi) project underwent a severe correction.
Ethena just unlocked nearly 8 million tokens, but surprisingly, the unlock event had little impact on the price. On Feb. 12, Ethena (ETH) unlocked 7.93 million tokens, accounting for 0.25% of its total supply, with 65.
In the crypto market, whales play a significant role. Fellow investors often follow the bigger holders for potential opportunities, which is why their decision could heavily impact a digital asset's price performance.
Ethena takes a big dive in 2025 as Ethereum loses its bullish momentum. However, the recent shift of crypto market sentiment teases a comeback in the ENA price trend.
Ethena (ENA) has shown signs of potential recovery, despite recent challenges in the market. After a significant drop in price, ENA is now testing critical support levels, fueling speculation about the token's next move.
ENA is at a critical juncture, with key support and rising interest signaling potential for recovery.
Ethena (ENA) has been struggling recently, with bearish trends tightening their grip on the asset. Over the past 24 hours, ENA dropped by 6.5%, further deepening concerns about its future performance.
Despite ENA's significant price decline, analyst Ali Martinez identifies bullish signals on the 4-hour chart as Ethena prepares to launch its institutional iUSDe token.
Three tokens – Ethena (ENA), Dogwifhat (WIF), and Dogizen (DOGIZ) – are currently making headlines for their respective price movements. ENA and WIF are grappling with significant market volatility, while DOGIZ is experiencing a surge in price in its ongoing presale ahead of its anticipated exchange listing. Ethena (ENA) dips below $0.
Ethena's A/D indicator has been steadily falling since December. The lack of consistent buying volume reflected the absence of bullish conviction.
Ethena price has crashed by 57% from its highest level in December as sentiment in the crypto industry weakened. Ethena's (ENA) decline has mirrored that of most altcoins.
Ethena (ENA) has faced significant price declines recently, leaving many investors wondering if the altcoin can turn things around. With a drop of 14% in just 24 hours and a continued bearish trend, ENA has been caught in a downward spiral.
An influx of short positions in the market, while bearish, could lead to a short squeeze scenario that fuels an uptrend.
Ethena (ENA) has caught the attention of investors and analysts alike, as the cryptocurrency's price bounces from a key Fibonacci retracement level, positioning the token for a potential surge. After hitting a crucial support zone, ENA is showing bullish signs, with key targets of $1.63, $2.15, and $2.61 now within reach.
The altcoin space plummeted over the past day as Donald Trump failed to comment on cryptocurrency during the inauguration ceremony. While most assets endured significant declines, TRUMP (Official Trump), Dogecoin, and Ethena attracted attention due to separate post-inauguration events. Let us find out more.
The cryptocurrency market is rife with paradoxes, and the recent Ethena price movements paint a picture of such a conundrum. Currently trading at $0.8526, Ethena (ENA) has experienced a 7.5% drop in the last 24 hours, positioning it at a lower price point than its recent highs.
Immediately after Trump's inauguration ceremony, World Liberty Financial spent $110 million in stablecoin to purchase various crypto.
ENA surges from key Fibonacci 0.618 level! Analysts predict explosive targets at $1.63, $2.15, and $2.61.
The team behind President Donald Trump's crypto operations is on an aggressive accumulation spree of crypto assets before and during the 2025 inauguration ceremony.
World Liberty Financial has ramped up its investment activity, spending $109.1 million across six cryptocurrencies in a single day. The fund allocated $47 million within the past hour to acquire 7,022 ETH worth $23.5 million, 174.1 WBTC for $18.8 million, and 5.037 million ENA tokens valued at $4.7 million.
World Liberty, backed by Trump, acquired $70M in ETH, LINK, AAVE and TRON, significantly boosting its portfolio to $325M. The post Trump-backed World Liberty buys $70M in ETH, TRX, LINK, AAVE, and ENA appeared first on Crypto Briefing.
Donald Trump-affiliated project World Liberty has diversified its treasury even further with these recent token purchases.
Ethena's (ENA) price has recently experienced increased volatility, with large holders, or whales, driving significant sell-offs. Despite a brief surge in price over the past 24 hours, the asset's overall bearish sentiment continues to dominate, putting ENA at risk of further declines, potentially even below $0.7.
Ethena (ENA) has been facing significant challenges in recent weeks, primarily due to large-scale sell-offs by whale investors. The token, which had experienced some fluctuations, recently saw a sharp drop in value, triggering concerns about its future price trajectory.
Investor profit-taking has shaken market confidence in ENA, prompting a sharp sell-off.
A closely followed crypto analyst says that one top-10 altcoin is forming one of the most bullish digital asset market structures around. In a new strategy session, crypto trader Ali Martinez tells his 108,000 followers on the social media platform X that payments altcoin XRP is forming a bull pennant pattern.
Ethena (ENA), once a promising cryptocurrency, is now under significant pressure as its price continues to drop. After losing the crucial support level of $0.86, the token has slipped to $0.81, leaving many investors worried about its future.
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.
ENA faces market challenges, yet investor sentiment remains cautiously optimistic.
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.