$14M Capital Infusion Catapults Ethena Labs’ Valuation; Stablecoin Ranks 9th Largest
On Friday, Ethena Labs, the creators of the stablecoin USDE, secured $14 million in funding from key investors. Following this recent influx of funds and a previous $6.5 million investment from Maelstrom, overseen by Art...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on Bitcoin NewsRelated market context
Bitwise Sees Bitcoin at $1.6 Million by 2036, but the Forecast Has Big Assumptions
TL;DR: Bitwise Asset Management has raised its long-range Bitcoin price projection to $1.6 million by 2036 in its 2027 capital-mar...
Tether pulls in $16.4 million in a day, outpacing Tron and Circle
Tether's revenue dominance highlights the financial power of stablecoin issuers, underscoring their influence on blockchain econom...
Coinbase Says Prediction Markets Are Now a $200 Million-a-Year Business Despite a Slow Crypto Quarter
Coinbase’s prediction markets business is now bringing in more than $200 million a year on an annualized basis, while the number o...
Binance Hack Pinned on North Korea’s Lazarus Group by TRM Labs and ZachXBT
Several blockchain investigators say North Korea’s Tradertraitor (a sub-unit of the larger Lazarus/DPRK ecosystem) likely carried...
Binance hack began with a $296 million XRP drain after 36-hour preparation
The Binance attacker spent at least 36 hours preparing for the $6.36 billion crypto exchange hack that began with $296 million in...
Curve Volume Jumps to $847 Million as 3pool Tilts Further Toward USDT
Trading in the DAI/USDC/USDT pool climbed to $343 million, while its USDT balance increased and holdings of the other two stableco...