🚨UPDATE: @ETHENA_LABS RISK COMMITTEE LAUNCHES ELIGIBLE ASSET FRAMEWORK, APPROVES $BNB AS FIRST NEW BACKING ASSET FOR $USDE ...

RT Laura Shin (@laurashin)Crypto’s latest Wall Street play: altcoin DATsEthena’s @gdog97_ & Dragonfly’s @HadickM debate:📈 Why StablecoinX is buying $ENA💸 Who’s buying these wrappers🔥 Is this real demand or another bubble?Timestamps:🎬 0:00 Intro🧠 3:29 Why Ethena worked with a team launching an ENA corporate treasury company💰 10:38 Ways to structure public crypto treasury vehicles🕵️‍♂️ 16:53 Whether treasury vehicles are just a flashy wrapper for vaporware📉 22:28 Why Guy says there’s way more VC capital than ...

Ethena's Potential Upsides - Ethena's fee switch activation positions it as a significant revenue generator, potentially benefiting $ENA holders [1] - The anticipated listing of StablecoinX on Nasdaq in Q4 could drive further $ENA accumulation [1] - Decreasing FED funding rates are expected to positively impact crypto funding rates, boosting Ethena's revenue [1] - Strong fundamentals, with USDE supply reaching 10 billion, highlight Ethena's robust position in the crypto market [2] - Ethena's stablecoin supply doubled in the last 30 days, indicating substantial growth [2] - At an $11 billion valuation, $ENA is considered relatively undervalued compared to competitors [2] TradFi and Investor Sentiment - Anticipation of TradFi FOMO, drawing parallels with Circle's demand, suggests potential for StablecoinX [2] - Investors may choose to hold $ENA in anticipation of the TradFi flywheel effect [3] Risks - Token unlocks pose a significant challenge to $ENA's price [2]

$ENA is up 13.1% since the market cap of its stablecoin $USDE surpassed $9B. https://t.co/IZoNwBnzBj ...

Stablecoin Market - Athena Labs' USDE supply reaches $9.2 billion [1] - USDE surpasses FDUSD in stablecoin rankings [1]

everyone's comparing usdt vs usdc market share while usde just casually put 72% of reserves on-chain• $700m split between btc and stables• rest with fireblocks/ceffu• nasdaq listing incoming• genius act compliantthe volume war is the wrong game ...

Just noticed that @ethena_labs isn't using Hyperliquid for USDE delta-neutral positions.Why not? https://t.co/ajOibgdXh1 ...

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 ...

Fuck the bears!Ethena Labs (@ethena_labs):StablecoinX Inc. @stablecoin_x has announced a $360 million capital raise to purchase $ENA and will seek to list its Class A common shares on the Nasdaq Global Market under the ticker symbol "USDE", which includes a $60 million contribution of ENA from the Ethena Foundation https://t.co/sgfD8P9m05 ...

Supply & Market Trend - Ethena's stablecoin USDE supply surpasses $6 billion, reaching all-time highs [1]