Ethena surges as buyback vote, VC unlock overhaul boost token outlook
The changes aim to cut investor selling pressure and channel protocol revenue to ENA as Ethena looks to revive USDe growth.
Token
A 3% token move just triggered $36 million in Ethereum DeFi liquidations
One wallet bought heavily into a yield token, which pushed the price of its paired principal token down just enough to trigger liquidations across borrowers using it as collateral.
Ethena's ENA token surges 48%, but altcoin season will have to wait
ENA is rallying on a $1 billion FalconX deal, while HYPE tests its record, though flat dominance shows this is no broad alt season.
DJT scraps Crypto.com deals citing market condition, CRO token falls 5%
Trump Media (DJT) is unwinding parts of its crypto push, including scrapping plans to establish a publicly traded CRO token accumulation company, which it unveiled near the height of last year’s digital asset treasury boom. Trump Media, Crypto.com and special purpose acquisition company Yorkville Acquisition… Read More
Tokenized stock trading surged 288% in July, but one QQQ token drove most of it
Trading volume for tokenized stocks and ETFs surged 288% to a record $11.3 billion in July, though most of the increase came from a single Binance-linked token. Binance bStocks accounted for $9.41 billion, or 83.3% of the total, according to CoinDesk Data’s latest Stablecoins &… Read More
Ripple-linked token up 4% as traders watch breakout toward $1.35
• Volume increased during the breakout attempt, with CoinGecko showing 24-hour trading volume of about $1.27 billion. • XRP held above the $1.08-$1.10 area through the session, keeping the short-term recovery structure intact. Technical Analysis • The key short-term level is $1.13. A sustained break… Read More