Ethena’s synthetic stablecoin, USDe, has crossed $8.4 billion in supply, adding more than $3.14 billion over 20 days in a surge that outpaced flows into BlackRock’s (BLK) flagship bitcoin and ether exchange-traded funds. (Ethena) According to on-chain data curated by the Ethena community, the supply increase since July 17 is the fastest period of growth … Read more
Key points: Retail investors bore the brunt of ETH’s long liquidations, but they also stepped in to buy the dip to $3,600. ETH price rebounded to its average trading range while Bitcoin continues to face heavy selling below $116,000. ETH (ETH) price continues to face selling near $4,000, to the surprise of many traders who … Read more
Samsung Galaxy Z Fold 7 and Galaxy Z Flip 7 were unveiled earlier this month during the company’s latest Galaxy Unpacked event. Now, early sales data from South Korea reveal a shift in buyer preference for foldable smartphones. Samsung’s Galaxy Z Flip lineup has historically dominated the brand’s foldable sales and pre-orders. For the first … Read more
Shares of Nasdaq-listed cryptocurrency exchange Coinbase (COIN) rose 43% this month, making the firm the top performer in the S&P 500 since it joined the index at the end of last month. June’s run is already the stock’s best since November and caps three straight monthly gains. Coinbase’s shares reached their highest level since their … Read more