RT The Rollup (@therollupco)Kash reveals how JupUSD amplifies Jupiter's brand trust and drops hints on exclusive rewards:"There are certain things we might be able to offer holders and stakers, somewhat uniquely that other stablecoins cannot." https://t.co/qaA5jxuLK1 ...

Core Insights - Ethena is expanding its team by nearly 50%, marking its first major hiring push since launch, indicating new products are in development [1][2] - The upcoming initiatives are expected to create new business lines comparable in size to its existing stablecoin, USDe [2][4] Company Developments - Ethena will add approximately 10 new hires across engineering, product, and business development, expanding from a team of 20-25 contributors [2][3] - Job openings include roles such as Head of Security, Senior Backend Engineer, and various positions in DeFi and Trading [3] Product and Market Position - Ethena's new products will enhance its stablecoin ecosystem, which includes USDe and USDtb, aimed at maintaining on-chain price stability without direct fiat backing [4] - The new initiatives are expected to launch within three months and could rival the size of USDe [4] Financial Metrics - Ethena's total value locked (TVL) has reached nearly $11.8 billion, reflecting an increase of over 18% month-over-month, driven by integrations across Ethereum Layer-2s and Solana-based liquidity venues [5] Strategic Partnerships - Ethena's reputation has strengthened with backing from notable investors such as Binance Labs, Dragonfly, Fidelity, and Franklin Templeton, indicating strong market confidence [6] - The partnership with M2 Capital, a UAE-based investment arm, has further expanded Ethena's global reach [6] Market Trends - Ethena's "synthetic dollar" model is gaining traction amid increasing regulatory scrutiny of traditional stablecoins like USDT and USDC [8] - Trading volumes for USDe have surged over 25% in the past month, with daily volumes averaging $220 million [8]

Week in Solana: SOL Bounces After Black Swan Market CrashSolana's still stacking wins while the charts cool off. The crypto market suffered its biggest liquidation—$19B wiped in 24 hours. SOL dropped below $175 but bounced back to $198. CME launched SOL futures options! Jupiter + Ethena launching JupUSD stablecoin! Forward Industries staked $1.7B in SOL!Here's this week's breakdown 🧵1/6 ...

Group 1: Market Performance - Bitcoin reached a new all-time high of $126,000 on October 6, while gold hit a new all-time high of $4,070 just two days later, with gold up 52% year-to-date compared to Bitcoin's 32% [2][3] - Gold's market cap stands at over $27 trillion, significantly larger than Bitcoin's $2.6 trillion market cap, indicating that gold is over 10 times the size of Bitcoin [3] Group 2: Drivers of Performance - Bitcoin's recent surge is attributed to $5.3 billion in ETF inflows, with IBIT becoming the top ETF [3] - Gold benefits from safe-haven demand, rate-cut expectations, and significant purchases by central banks, particularly from China and BRICS nations, which have been buying approximately 1,000 tonnes per year [8] Group 3: ETF Activity - Spot Bitcoin ETF inflows reached $1.2 billion on a recent Monday, marking the second-highest inflow day, indicating strong demand from rules-driven buyers [6] - The tightening float of Bitcoin, with exchange balances at multi-year lows, suggests that new ETF demand could have a pronounced impact on prices [6] Group 4: Macro Factors - Softer economic data and rising expectations for rate cuts are contributing to a bullish outlook for Bitcoin, alongside traditional seasonal trends in October [7] - Anticipated Federal Reserve cuts, a weaker dollar, and macro-political anxieties are driving flows into gold, reinforcing its demand [8]

The Morning Minute (10.9)Powered by @yeet⏰ Top News:-Crypto majors chop on the day, Bitcoin holds at $123,000-ZCash soars 35% leading all crypto movers; RAIL jumps 100%-Jack Dorsey’s Block rolls out Bitcoin merchant payments with Square-Luxembourg sovereign wealth fund invests 1% of assets into BTC-Jupiter teams with Ethena to launch JupUSD stablecoin🌎 Macro Crypto and Memes-Crypto majors are mixed and consolidating; BTC even at $123,000, ETH -2% at $4,380, BNB -2% at $1,285, SOL +1% at $224-ZEC (+38%), XMR ...

RT Jupiter (🐱, 🐐) (@JupiterExchange)BREAKING: Jupiter is launching its own stablecoin 🥳Built in partnership with @ethena_labs, engineered to connect the Jupiverse.$JupUSD, going live in Q4. https://t.co/MWTNTwpvHJ ...

🚨LATEST: Jupiter is developing its own stablecoin, JupUSD, by the end of the year.The stablecoin will be native to Solana and integrated across its ecosystem. https://t.co/Nw0wdiDGTt ...

Core Insights - Jupiter, a leading decentralized exchange aggregator on the Solana network, is set to launch its own stablecoin, JupUSD, in partnership with stablecoin issuer Ethena [1][2] - JupUSD will initially be fully collateralized by Ethena's USDtb, which is backed by BlackRock's tokenized fund representing investments in short-term U.S. treasuries [2] - Ethena's flagship stablecoin, USDe, will later be added as collateral for JupUSD [2] Company Overview - Jupiter aims to integrate JupUSD across its DeFi stack, utilizing it for perpetual futures trading, lending protocols, and trading via swap products on both desktop and mobile platforms [4] - The company has achieved significant trading volume, with nearly $20 billion in the last 30 days and $1.2 million in revenue in the last 24 hours, according to DefiLlama [4] Market Context - The total stablecoin market cap has increased to over $303 billion, marking a 75% rise from $173 billion a year ago, with Ethena's stablecoin products accounting for just over 5% of this market [5] - The passing of the GENIUS Act earlier this year has provided a regulatory framework for stablecoin trading and issuance, potentially leading to the emergence of thousands of new stablecoin products [6]

⚡️LATEST: Ethena and Jupiter are teaming up to release JupUSD, Solana’s native stablecoin. https://t.co/PM0QbmzFdL ...

RT Ethena Labs (@ethena_labs)Introducing JupUSD: the native stablecoin of the @JupiterExchange ecosystem built on Ethena's Stablecoin-as-a-Service stack.JupUSD will plug into every major part of the Jupiter stack, including:- Jupiter Perps: where the ~$750m in stablecoins inside of JLP will gradually be replaced by JupUSD- Jupiter Lend as the cornerstone lending assetExcited to be partnering with one of the best teams on Solana. ...