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.

With Bitcoin bleeding value due to a streak of not-so-good political issues, including the recent US tariff threats, AVAX price has also dipped in value. However, the Avalanche price decline has been marginal, since the token has lost only 1% of its total value.

Avalanche's [AVAX] price has been consolidating in recent weeks as whale activity has significantly slowed. Since early February 2025, the number of large transactions involving AVAX has decreased, causing the token's price to remain stagnant below a critical trendline resistance.

Space ID collaborates with Story Protocol to enhance digital identity in Web3, introducing blockchain-verified domain names for intellectual property authentication, licensing, and monetization in the creator economy. The post Web3 Platform Space ID to Become Digital Identity Provider for Story Protocol appeared first on Cryptonews.

AVAX price consolidation under a key resistance zone hints at a potential drop to $22.

A closely followed crypto strategist thinks that payments altcoin XRP is gearing up for a burst to the upside as it prints a bullish continuation pattern.

Justin Kim, Head of Asia at Avalanche, sat down with BeInCrypto ahead of his appearance at the Hong Kong Consensus 2025.

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.

Avalanche (AVAX), once a promising altcoin, has faced a significant decline in price, retracing all of its gains made in November. As of now, AVAX is back at its November price levels, while Bitcoin (BTC) has retained most of its gains.

Nearly 4,000 wallets added WAVAX holdings, 1.8 times the recent average, according to onchain data.

ENA's charts flashed potential for recovery, but resistance levels will determine the sustainability.

Falling active addresses and network growth are major concerns for AVAX's price.

Avalanche has faced relentless selling pressure since mid-December, wiping out over 60% of its value and erasing all the gains from the impressive November 2024 rally. The extended downtrend has left investors uncertain about its near-term prospects as the entire market struggles to regain footing amid ongoing volatility.

Inversion Capital, led by angel investor Santiago Roel Santos, is launching a custom Layer 1 blockchain on Avalanche to bring businesses onchain.

Bitcoin is trading in a tight range, pointing to a possible breakout in the near future.

Avalanche (AVAX), the popular blockchain platform, has had a turbulent few weeks. Despite a significant decline in value of nearly 28% over the past month, there's a noticeable shift in market sentiment that suggests a potential rally.

AVAX is forming a clear bullish pattern on the chart and could rally soon.

Avalanche (AVAX) has faced relentless selling pressure since mid-December, with its price plummeting over 60% and erasing all the gains from its impressive November 2024 rally. This sharp decline has left investors on edge, fueling fear and uncertainty as Avalanche mirrors the bearish trends seen across the broader crypto market.

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.

ENA, the native token of Ethena—an Ethereum-based synthetic dollar protocol—has been the market's top loser over the past 24 hours. The altcoin trades at $0.42, plunging over 10% during that period.

Bitcoin bears are finding it difficult to pin the price below $95,000, indicating solid demand at lower levels.

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.

The dynamic realm of cryptocurrencies is preparing for yet another alarming event that could bring considerable downside pressure to BERA, SEI, AVAX, APT, SAND, STRK, ATH, and XCN tokens. Notably, recent market data flags that the abovementioned assets are preparing for massive token unlocks totaling a staggering $325 million.

Avalanche (AVAX) has been a significant player in the blockchain ecosystem, offering fast and scalable solutions for decentralized applications (dApps). With its growing adoption, AVAX has been on many investors' radar, especially when it comes to its long-term price potential.

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.

The crypto market has shown limited favorability to bulls over the past week. However, certain altcoins continue to register gains driven by external developments.

With Bitcoin and altcoins aiming for a comeback week, Avalanche nears a trendline breakout. Will the short-term recovery propel altcoin above the local supply line and hit the $30 mark?

Avalanche's native cryptocurrency, AVAX, is at a crucial point in the market, testing a critical support level at $25. Investors are closely watching this price point to determine whether AVAX will rebound or face further declines.

The price of Avalanche (AVAX) had dropped to the bottom of the chart but has recovered.

AVAX tested a key $25 support level as whale transactions surged following the first AI-focused layer 1 launch by Kite AI.

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.

Kite AI, the decentralized AI infrastructure provider, announced on Feb 6, its first AI-focused Layer 1 sovereign Blockchain built on Avalanche, the Blockchain platform. Currently launched in its testnet stage, it made its public testnet live on its platform, Kite AI.

ENA is at a critical juncture, with key support and rising interest signaling potential for recovery.

Virtune, a Swedish crypto asset manager, has launched new exchange-traded products (ETPs) in Finland, giving investors easy access to Avalanche (AVAX) and Cardano (ADA). Virtune CEO Christopher Kock described the new products as timely, pointing at the growing demand.

Stellar (XLM) has recorded significant investor interest within the last 24 hours, and the asset looks set to take on AVAX. According to CoinMarketCap data, the trading volume of XLM has soared by 24% within the time under consideration.

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.

Kite AI has launched the first AI-focused Layer 1 blockchain on Avalanche, creating a decentralized environment for AI models, tools, and data.

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.

Avalanche provides a scalable and transparent foundation for AI applications, which may bolster institutional AI adoption.

Launched the testnet dedicated to those who want to develop decentralized dApp based on artificial intelligence.

Avalanche (AVAX) has been struggling as it drops below the $27 mark, continuing its downward trajectory. Analysts are predicting a potential crash toward the $20 range, as the bearish pressure surrounding the token intensifies.