USDE and FDUSD Experience Brief Depegs Amid Saturday’s Crypto Market Shake-Up

April 14, 2024 Bitcoin.com

Altcoins

The fifth-largest stablecoin in the crypto economy by market capitalization, Ethena’s USDE, temporarily detached from its peg on Saturday amid market declines. Data reveals that the token, designed to mirror the U.S. dollar’s value, declined to $0.965 each. Similarly, the market witnessed the fourth largest stablecoin, FDUSD, fall to a low of $0.9557 per coin. […]

Trump’s Meme Coin Mania: B Valuation Propels Presidential Crypto to Center Stage

Trump’s Meme Coin Mania: $4B Valuation Propels Presidential Crypto to Center Stage

Arthur Hayes Introduces New ‘Risk Radar’ for Ethena’s USDE Stablecoin

April 13, 2024 Bitcoin.com

Altcoins

Following criticism of Ethena’s USDE stablecoin, which brought back memories of the Terra blockchain’s Anchor protocol failure, Ethena backer Arthur Hayes introduced a risk tracker by intotheblock.com that monitors aspects like the token’s adherence to its U.S. dollar peg. Intotheblock.com’s Ethena Risk Radar Dashboard At the time of reporting, Ethena’s recently launched USDE stablecoin boasts […]

Trump’s Meme Coin Mania: $4B Valuation Propels Presidential Crypto to Center Stage

Trader Says One Ethereum Rival Will Do Well in 2024, Updates Outlook on Three Additional Altcoins

April 11, 2024 The Daily Hodl

Altcoins

A widely followed crypto strategist believes that one Ethereum (ETH) rival could have a strong performance this year. Pseudonymous analyst Altcoin Sherpa tells his 214,300 followers on the social media platform X that Fantom (FTM) could soar more than 15% from its current value. “FTM: I think this is still a very solid coin and […]

The post Trader Says One Ethereum Rival Will Do Well in 2024, Updates Outlook on Three Additional Altcoins appeared first on The Daily Hodl.

Trump’s Meme Coin Mania: $4B Valuation Propels Presidential Crypto to Center Stage

Ethena Labs Adopts Bitcoin to Back USDE Stablecoin; Supply Surpasses 2 Billion

April 5, 2024 Bitcoin.com

Altcoins

On Thursday, Ethena Labs unveiled its new strategy to back USDE with bitcoin, enhancing the stablecoin’s foundation. The stablecoin, known for delivering yields in the double digits, has rapidly ascended to become the fifth-largest stablecoin by market capitalization, now valued at over $2 billion. USDE to Utilize Bitcoin as Collateral An update shared by Ethena […]

Trump’s Meme Coin Mania: $4B Valuation Propels Presidential Crypto to Center Stage

Crypto Analyst Says One Leading Ethereum Rival To Go Up ‘Way Higher’, Updates Outlook on Gaming Altcoin Beam

April 5, 2024 The Daily Hodl

Altcoins

A widely followed analyst and trader is expressing bullish sentiment on one Ethereum (ETH) competitor while offering his forecast on gaming altcoin Beam (BEAM). The analyst pseudonymously known as Altcoin Sherpa tells his 213,800 followers on the social media platform X that the price of the native token of the layer-1 blockchain Solana (SOL) could […]

The post Crypto Analyst Says One Leading Ethereum Rival To Go Up ‘Way Higher’, Updates Outlook on Gaming Altcoin Beam appeared first on The Daily Hodl.

Trump’s Meme Coin Mania: $4B Valuation Propels Presidential Crypto to Center Stage

Fantom founder Andre Cronje speaks out on negative funding rates and unbacked assets

April 4, 2024 The Crypto Briefing

Andre Cronje warns that while "things are going great now" such a momentum in the crypto space would eventually turn.

Trump’s Meme Coin Mania: $4B Valuation Propels Presidential Crypto to Center Stage

New Ethereum-Based Altcoin Just Listed on Binance To Explode Over 800%, Predicts BitMEX Founder Arthur Hayes

April 4, 2024 The Daily Hodl

Altcoins

BitMEX founder Arthur Hayes is predicting one new decentralized finance (DeFi) altcoin project will take off on a massive rally once the broader crypto market resumes an uptrend. Hayes is predicting that Ethena (ENA), a governance token launched by Ethena Labs for the project’s DeFi protocol, could soar more than 817% from the current value. […]

The post New Ethereum-Based Altcoin Just Listed on Binance To Explode Over 800%, Predicts BitMEX Founder Arthur Hayes appeared first on The Daily Hodl.

Trump’s Meme Coin Mania: $4B Valuation Propels Presidential Crypto to Center Stage

MakerDAO Considering Allocating Up to $600,000,000 in DAI in Arthur Hayes-Backed Stablecoin USDe

April 3, 2024 The Daily Hodl

MakerDAO Considering Allocating Up to 0,000,000 in DAI in Arthur Hayes-Backed Stablecoin USDe

Aave

The decentralized finance (DeFi) protocol Maker (MKR) is considering allocating up to $600 million worth of its stablecoin DAI into markets for Ethena’s synthetic dollar, USDe. Last week, Maker deployed 100 million DAI to Spark’s sUSDe/DAI and USDe/DAI markets on Morpho Blue, a lending protocol on Ethereum (ETH). The move enabled “overcollateralized scalable liquidity for […]

The post MakerDAO Considering Allocating Up to $600,000,000 in DAI in Arthur Hayes-Backed Stablecoin USDe appeared first on The Daily Hodl.

Trump’s Meme Coin Mania: $4B Valuation Propels Presidential Crypto to Center Stage

Ethena’s ENA Token Soars 80% Since Launch, Now a Top 100 Crypto Asset Amid Defi Buzz

April 3, 2024 Bitcoin.com

Airdrop

Since its launch on April 2, the Ethena governance token ENA has experienced an 80% climb in value against the U.S. dollar, ascending from an all-time low of $0.532 per token. Currently, it ranks among the top 100 coins by market capitalization, boasting a total valuation of $1.36 billion at the time of reporting. Rapid […]

Trump’s Meme Coin Mania: $4B Valuation Propels Presidential Crypto to Center Stage

Blockchain Sleuth Warns About Unrevealed ‘Critical Flaws’ in Ethena

April 2, 2024 Bitcoin.com

bitcoin.com

Tardfiwhale, a pseudonymous blockchain sleuth who predicted the fall of Luna and UST, has warned about critical flaws in Ethena, a rising blockchain synthetic dollar stablecoin protocol. Tardfiwhale is asking for donations to certain entities before revealing these alleged flaws, as Ethena has no bug bounty program. ‘Critical Flaws’ Present in Ethena According to Pseudonymous […]

ethena