Ethena (ENA) has experienced a varied trajectory, according to recent updates. For instance, its USDe stablecoin witnessed disruption from the German regulator due to identified deficiencies leading to an enforced halt on immediate issuance. Yet, alongside this, its price soared as it and other coins such as SUI and LINK gained
momentum. Opinions appear divided, with some recommending ENA within the stablecoin space, while others report on the offloading of the Ethena crypto, sighting possible corrections. The coin also registered a 16% increase as its $17.4million presale neared conclusion. Furthermore, strategic maneuvers by Arthur Hayes have been noted amidst the market activity.\n\nSignificant developments such as ENA's partnership with Securitize to unveil an institutional DeFi blockchain have been reported. Moreover, ENA has seen enlargement in its margin pairs, alongside MOG, MORPHO, GOAT, FLOKI, ONDO, and KAS. Substantial investments into Ethena by MEXC Ventures and a subsequent $100 million fund have also been disclosed. Furthermore, Grayscale has listed ENA among several high potential tokens for Q1 2025.\n\nENA is also benefiting from its BlackRock backed UStb stablecoin, continuing its rise despite a sliding market. Positive analysis puts ENA on course for a rally towards $1.72. However, amidst the successes, the platform faced a hack, assuring users of its ongoing solvency.
ENA Coin News Analytics from Thu, 28 Mar 2024 12:24:32 GMT to Wed, 26 Mar 2025 15:49:10 GMT -
Rating 5
- Innovation 8
- Information 8
- Rumor 2
