X @Arthur Hayes

RT DCF GOD (@dcfgod)Some takes on this new $ENA treasury vehicle:- Obv good for ena price. They’re going to be market buying $5m/day starting now for 6 weeks.- unlike other buybacks, when they end, the party doesn’t end because the vehicle still has to go live and can suck in capital in lots of ways.- USDE is an amazing ticker and stablecoin x is a great name. Weird for the other vehicles like the eth and hyperliquid ones to be named after gaming / bio companies.- tradfi has 0 ability to bid the stablecoin ...