News with the tag "ethena"

Ethena price remains concerningly eyed by crypto market participants against the backdrop of a severe bearish trajectory. ENA erased nearly 4% in the past 24 hours, in sync with a renowned market maker dumping over $10 million worth of tokens. Thus, traders and investors anticipate additional short-...

Key Takeaways: Experts suggest the suspension may drive crypto firms to innovate in risk management and streamline internal compliance—potentially setting new industry benchmarks. The regulator’s intervention is seen not merely as a punitive measure but as a wake-up call to reassess operational resi...

Germany’s financial watchdog, BaFin, has ordered Ethena GmbH to stop selling its USDe token to the public. The regulator claimed the digital asset may violate European Union (EU) laws and could be classified as unregistered securities. The agency has stopped Ethena GmbH’s financial operations as it ...

In the ever-turbulent world of cryptocurrency, regulatory clarity is as sought after as the shiniest new token. Recently, Ethena, a prominent player in the DeFi space known for its synthetic dollar USDe, faced a regulatory hurdle. But fear not, crypto enthusiasts! Ethena has stepped forward to addre...

In a stunning move that has sent ripples through the cryptocurrency world, Germany’s Federal Financial Supervisory Authority, better known as BaFin, has dropped a regulatory bombshell. Imagine waking up to news that a financial watchdog in a major European economy has slammed the brakes on a popular...

The German financial regulatory authority, BaFin, has ordered the suspension of all public sales of the USDe token issued by Ethena GmbH. BaFin’s decision stems from concerns that the token violates European Union regulations and potentially constitutes unregistered securities. Ethena GmbH, the Fran...

The German financial supervisory authority BaFin said it identified "serious deficiencies" in Ethena's synthetic USDe stablecoin. Ethena is the yield-generating protocol. The stablecoin has a market cap of $5.4 billion. Ethena said on X that it will "continue to evaluate alternative frameworks," aft...

Ethena Labs and Securitize have announced the incoming launch of Converge, a blockchain tailor-made for DeFi and tokenized assets. The incoming blockchain has a deep pool of partners angling to roll out offerings with parties eyeing a Q2 launch. Converge Blockchain Set To Onboard An Avalanche Of Ins...

Ethena (ENA) has gained significant traction ever since its launch, but its price performance gains excitement and skepticism simultaneously. Considerable concerns exist as the token has not created a new ATH in a year. Adding to the skepticism, one crypto analyst warns the retail investors to stay ...

A significant event in the cryptocurrency market occurred yesterday when Ethena , a leading decentralized finance (DeFi) project, unlocked a phenomenal 2.07 billion $ENA tokens. This represents a huge uptick in deposits to our major trading partners. To look at this rationally, the unlocked tokens (...