Key economic data released Thursday indicate that the U.S. economy may be on the brink of stagflation, a challenging mix of sluggish growth, a weakening labor market, and rising prices. Despite these concerns, crypto market participants remain optimistic, focusing instead on anticipated Federal Reserve rate cuts and signals from traditional markets as drivers for higher … Read more
Governance token of decentralized finance protocol Ethena ENA$0.8174 surged on Tuesday to its strongest since late January as the protocol has made a big step towards activate a fee switch that would share protocol revenues to token holders. The token hit 87 cents in the early hours, advancing 8.3% over the past 24 hours, CoinDesk … Read more
Most cryptocurrencies are in the green, with tokens like Ethena’s ENA and dogecoin DOGE$0.2416 looking to better their already impressive double-digit 24-hour price gains. The CoinDesk 20 Index , a measure of the broad market, is 2% higher with 16 members advancing. Still, Alex Kuptsikevich, the chief market analyst at the FxPro, remains cautious. “The … Read more
By Omkar Godbole The bearish sentiment that followed Friday’s disappointing U.S. nonfarm payroll data quickly ran out of steam over the weekend. That has allowed a few coins, including Ethena’s ENA, worldcoin WLD$0.8574, hyperliquid (HYPE) and dogecoin DOGE$0.2339, to post impressive gains in the last 24 hours. Bitcoin BTC$111,998.19, which dropped below the key support … Read more
NYSE-listed firm Mega Matrix (MPU) filed a $2 billion shelf registration on Thursday to establish a digital asset treasury focused on ENA (ENA), the governance token of stablecoin protocol Ethena. According to the filing with the Securities and Exchange Commission (SEC), the firm could sell up to $2 billion of securities, with plans to use … Read more
Crypto traders bought the dip in several Ethereum staking tokens on Friday, lifting the likes of lido (LDO) and ethena ENA$0.7403 up by 14% and 15%, respectively. The gains follows a week-long decline that took place alongside a rapid shift in sentiment, which is typically a signal to buy. Lido and ethena are returning to … Read more