Standard Chartered's forecast for ENA highlights the growing influence of traditional finance in crypto, potentially boosting market credibility. Standard Chartered forecasts Ethena's ENA token to reach $1.10 by 2027.
The secured facility adds institutional credit exposure to USDe-backed assets as Ethena broadens its collateral and yield strategy.
Ethena's approach highlights the importance of trust and risk management in yield markets, influencing institutional investment strategies. Ethena founder says yield isn't a commodity because trust isn't equal.
Ether.fi is launching its own USD stablecoin through Ethena Whitelabel, with Ethena managing reserves, minting, redemptions and compliance. Ether.fi taps Ethena to launch its own US dollar stablecoin.
The tokens came from Ethena on Oct. 6. The transfer adds to recent large ENA movements tracked in TokenPost coverage.
The wallet, inactive for more than a year, retains about 119.82 million ENA valued at roughly $29.6 million.
The withdrawals included about $13.1 million in ENA from Bybit and $55.16 million from Coinbase. Ethena posted transaction hashes on X on Oct. 4.
The tokens will remain a treasury asset. Qualifying sales for operating or strategic needs follow a notice and review procedure under the waiver.
The token was down 6.82% over 24 hours. Long liquidations totaled $220,000 across three exchanges during the hour.
USDe ranked as Morpho's second-largest collateral asset overall and its largest dollar-denominated collateral asset.
ENA could correct 35% toward $0.17–$0.18 as overbought momentum and 200-period EMA resistance challenge its golden-cross rally.
ENA remained up 6.48% over 24 hours. Long liquidations totaled $90,000 across Binance, Bybit and OKX during the hour.