ENA’s market decline has been driven by derivative traders betting against a price increase. Investor sentiment remains strong despite the struggling price, as accumulation continues to rise. Ethena [ENA] has …
Ethena
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Altcoins
Ethena stuck at $0.295 as whale transfer sparks volatility fears – What’s next?
by SKby SKWhale inflow of $21.45M to Binance challenges ENA’s price stability amid bearish metrics. Spot taker-buy dominance and oversold RSI suggest potential for bullish price reaction. A wallet linked to Mirana …
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Whale wallet accumulated $4.41M in ENA, as 93.88% of holders remain underwater. Derivatives volume jumped 110%, but liquidation data reveals weak bullish conviction. A newly created multisig wallet has accumulated …
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Bullish pennant forms on the ENA chart, but the Long/Short Ratio of 3.94 and heavy liquidations threaten breakout stability. Sharp 80.77% drop in <$100 transfers shows retail exit, even as …
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Retail and institutional players drove Ethena’s address growth and large transactions. Long liquidations and exchange outflows signal a bullish reset as smart money accumulates during volatility. Ethena [ENA] surged 17.35% …
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News
German Regulator Orders Stablecoin Issuer Ethena to Cease Operations, Cites MiCA Compliance Breaches
by SKby SKGermany’s financial watchdog has made its first major enforcement move under the European Union’s new crypto regulatory framework, ordering Frankfurt-based Ethena GmbH to shut down operations and liquidate its USDe …
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Blockchain
Ethena Labs and Securitize to launch Converge, a new blockchain for DeFi – CoinJournal
by SKby SKEthena Labs and Securitize are joining forces to launch Converge, a new blockchain for decentralized finance and tokenized assets. Converge will be Ethereum Virtual Machine-compatible and serve both retail and …
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Key Takeaways: Ethena raised $100 million in a private token sale led by Franklin Templeton and F-Prime Capital. The proceeds from this will help create a new token for TradFi and Ethena’s …