Nov 26, 2025
Markets
Altcoins HYPE, WLFI, and ENA are Soaring as Bitcoin Cools
While Bitcoin consolidates its recent gains, select altcoins with strong narratives are breaking out, with coins like World Liberty Financial and Ethena outpacing the broader market. Ethena is up 7.3% over 24 hours, while Bittensor and Quant are up between 5% and 7%, according to CoinGecko data. The Trump family-linked WLFI has shown strong, steady performance, up 36% since its November 21 low of $0.11, highlighting intense, focused demand in an otherwise cautious market. This limited altcoin r...
Aug 4, 2025
Markets
XRP, Ethereum Lead Crypto Market Rebound as Trump Reignites Trade War
Altcoins XRP and Ethereumer are leading the cryptocurrency rebound following a mostly red week, as President Trump reignites his global trade war. XRP and ETH have risen the most among the top 10 cryptocurrencies by market cap, per CoinGecko, climbing 4.5% and 2.7% respectively on the day. It comes as the odds that an XRP ETF will be approved before Litecoin have widened to 64%, according to Myriad Market predictors. Ethereum is now down just 27% from its all-time high of $4,878.26, according to...
Apr 15, 2025
Law and Order
Ethena Pulls Out of Germany Amid Regulator's USDe Stablecoin Scrutiny
Ethena GmbH will sunset its operations in Germany after encountering regulatory roadblocks there, according to an X post published Tuesday by Ethena. The Frankfurt-based entity of layer-1 blockchain Ethena issues a U.S. dollar-backed stablecoin called USDe. The synthetic dollar—the fourth-largest stablecoin by market cap—offers yield through Ethereum token staking and delta hedging derivatives positions, but its status as a security in Germany remains unclear. Under a new deal between Ethena L...
Mar 21, 2025
Law and Order
Ethena's USDe Stablecoin Sales Blocked by German Regulator Over 'Serious Deficiencies'
Ethena Labs' USDe, the fourth-largest stablecoin by market cap, can no longer be offered for sale by the firm’s German subsidiary Ethena GmbH after BaFin—the country’s financial supervisory authority—identified “serious deficiencies” in the licensing approval process. In addition to no longer offering the Ethereum-based USDe, BaFin placed multiple supervisory measures on Ethena GmbH to protect customers, including blocking the asset reserves, blocking its website, and appointing a special repre...
Mar 18, 2025
Technology
Ethereum-Compatible Chain Converge Aims to Rethink Crypto Economics for Wall Street
Ethena Labs and Securitize have announced Converge, a new Ethereum-compatible blockchain that will use stablecoins instead of native crypto assets for transaction fees. The new chain seeks to become the "first purpose-built settlement layer where TradFi will merge with DeFi, centered on USDe & USDtb and secured by ENA," Ethena claimed Monday. Converge will help ensure "compliant access to on-chain financial markets," Securitize said in a separate statement. Scheduled to launch in the second quar...
Jun 18, 2024
Coins
Ethena Tokenomics Change Sparks Community Outrage
Ethena Labs has announced an overhaul to its tokenomics, which now requires airdrop recipients to lock up at least half of their ENA tokens. This unexpected move caught users off-guard and caused an uproar. Under the new rules, ENA airdrop recipients will have to lock up 50% or more of their airdropped tokens or risk losing their unvested ENA tokens. The rule went into effect on June 17—several months after the April ENA airdrop. The team said that by enforcing this rule, they want to encourage...
Apr 7, 2024
Coins
This Week In Crypto Twitter: Meme Coins and Base are Booming While Solana Strains
Illustration by Mitchell Preffer for Decrypt Degens and crypto fans were spreading good vibes at the start of the week, which closed out the prior month setting an all-time monthly high for Solana activity across decentralized exchanges (DEXs). March saw over $58 billion traded, blasting past the prior monthly high of $28.5 billion in December. Memecoins were the wind beneath Solana's wings: whimsical tokens like Dogwifhat (WIF), Bonk (BONK), Book of Meme (BOME), and Slerf (SLERF) drove signific...