Ethena’s synthetic USDe contracts sharply as dollar-backed stablecoins expand

Ethena’s synthetic USDe contracts sharply as dollar-backed stablecoins expand

Ethena’s USDe shed 24% of its supply in November, losing market share as fiat-backed stablecoins including USDT, USDC, PYUSD and RLUSD added billions. Ethena’s synthetic-dollar stablecoin USDe saw one of its sharpest monthly contractions yet, while fiat-backed stablecoins including USDT, USDC and PYUSD attracted billions in inflows.  CoinGecko data showed that Ethena’s USDe stablecoin fell…

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Here’s what happened in crypto today

Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. Today in crypto: Strategy CEO Phong Le says Bitcoin would only be sold if the company’s stock falls and funding options disappear, Nasdaq is aiming to move…

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Here’s what happened in crypto today

Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. Today in crypto: Strategy CEO Phong Le says Bitcoin would only be sold if the company’s stock falls and funding options disappear, Nasdaq is aiming to move…

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Here’s what happened in crypto today

Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. Today in crypto: The Balancer community has proposed a plan to distribute funds recovered from the protocol’s recent hack. South Korea’s largest exchange, Upbit, halted deposits and…

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BitMine sits on .7B loss as DAT ‘Hotel California’ meets BlackRock’s staked ETH ETF

BitMine sits on $3.7B loss as DAT ‘Hotel California’ meets BlackRock’s staked ETH ETF

BitMine’s $3.7 billion paper loss and the falling mNAV valuations are threatening the business model of DATs, according to 10x Research. Concerns are mounting over the sustainability of corporate crypto-treasury firms as BlackRock moves forward with a staked Ether fund that analysts say could compete directly with existing digital-asset treasuries. BitMine Immersion Technologies, the world’s…

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Aster says tokenomics unchanged amid community confusion after CMC update

Aster says tokenomics unchanged amid community confusion after CMC update

Aster says its tokenomics remain unchanged after a CMC update sparked confusion over delayed unlocks, confirming unused tokens will move to a public wallet. Decentralized exchange Aster has said that its tokenomics remain unchanged after a CoinMarketCap (CMC) update triggered speculation across its community about changes to the project’s unlock schedule. The confusion began when…

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