Arthur Hayes-Backed Altcoin Outpaces Crypto Market Amid Launch of New Partnership With Anchorage Digital

2025-07-26 10:35:20

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The native asset of the stablecoin-focused crypto project Ethena ( ENA ) skyrocketed by more than 28% on Friday, ignoring a wider crypto market pullback. The price surge materialized after the Arthur Hayes-backed decentralized finance (DeFi) project announced a new strategic partnership with Anchorage Digital, a federally chartered crypto bank. The partnership aims to bring Ethena’s second stablecoin offering, USDtb , to the US under the regulatory umbrella of the recently enacted GENIUS Act, wi...

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