Ethena Labs Divides Opinion as High Yield Stirs Memories of Terra
“A lot of things can go wrong,” in Ethena’s yield-generation strategy, said Folkvang CEO Mike van Rossum.
Financial
Trade
Financial
DeFi Trader Eisenberg ‘Wasn’t Borrowing, He Was Stealing,’ Prosecutor Says in Opening Argument
The defense countered that Eisenberg “risked 13 million of his own dollars” to net $110 million from Mango Markets.
Financial
Ethena Onboards Bitcoin as Backing Asset to Make USDe ‘Safer’
The platform will use a cash-and-carry trade to short bitcoin futures and pocket funding rates to generate yield on its USDe tokens.
Financial
Hedge Funds Hold Record Bearish Bitcoin Bets, Data Show
Most funds may have taken short positions as a part of a “carry trade,” one observer said.
Financial
Crypto Stocks Like MicroStrategy, Coinbase Could Shoot Up if Short Sellers Exit
They are “very squeezable” due to short sellers’ large positions, according to a report by veri analytics firm S3 Partners.
Financial
Berachain’s Crypto Trade Aggregator Ooga Booga Raises $1M
Berachain mainnet isn’t even live yet; no traders are trading, or exchanges exchanging, on crypto’s latest layer-1. But that isn’t dissuading Ooga Booga from fundraising to support both.
Financial
Solana-Based Crypto Exchange Drift Plans Pre-Launch Market for New Tokens
A pre-launch market may help create better price discovery, Drift co-founder Cindy Leow said.
Financial
Bitcoin Trade That Gave Bankman-Fried His Millions Returns in South Korea
Local market observers pointed out that the so-called “Kimchi premium” crossed a two-year high mark on Thursday.
Financial
IOTA’s Ecosystem Foundation Commits $10M for Tokenization, Trade Startups
The investment will focus on startups in the UAE and Africa.
Financial
Solana Veterans Raise $17M For ‘Backpack’ Crypto Wallet, Exchange
Armani Ferrante’s and Tristan Yver’s startup raised the funds at a $120 million valuation.