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The pivot matters: Ethena is moving its $4B synthetic dollar beyond crypto-native yield into everyday banking. ENA jumped 9% on the announcement, and Avalanche gets the settlement rail.
The investment extends eToro's Zengo wallet acquisition into the derivatives layer, and lands as Robinhood, Coinbase and Kalshi all push their own perps + tokenization stacks into the same…
A large ETH withdrawal into staking offers a rare signal of commitment, but rising Treasury yields and fresh protocol risk make yield quality the real test.
Ethena's USDe pays yield through ETH perp funding rates, not bank deposits. The mechanism is clever but the trade has real failure modes that can collapse headline APY.
Ethena's USDe dollar posts double-digit yield by going long spot ETH and short ETH perps, but the trade depends on funding rates staying positive and counterparty solvency holding.
USDe pays double-digit yield by going long spot crypto and shorting the same coin's perpetual futures. It works — until funding flips negative.
A $696M ETF outflow, a sticky 3.4% PCE and an $8B cash wall at Strategy sit on top of a chain quietly routing BTC and ETH onto exchanges.
EigenLayer lets stakers re-use staked ETH to secure additional services on top of Ethereum. Here is how restaking works and what EIGEN does.
BTC past $66K, ETH whales staking nine-figure hauls, ETFs pulling $227M a day, and a $2.3B stablecoin bleed nobody seems to want to reconcile.
Morgan Stanley greenlights ETH and SOL ETPs while the Fed forces a 33% rate-hike tail risk back into the conversation. Money is getting easier for some, tighter for others.
Smart accounts shift crypto attack surfaces; they don't shrink them. Here is how ERC-4337 changes real risk for ETH users and developers.
BTC slides under $60K and ETFs bleed a record $6.4B, yet M&A runs 26x higher and Coinbase keeps shopping. The crowd and the money are reading two different markets.
ETHFI gives the protocol's governance token a fee claim, but most yield comes from active AVS selection, and slashing cuts through LRT holders first.
Spot ETF outflows crossed $6B while BlackRock quietly rotated coins to Coinbase Prime. The bid is gone; the conviction isn't.
Retail is capitulating while desks quietly rotate into ETH, Aave, and a Hyperliquid bid the crowd still hasn't priced in.
US spot ETFs bled $4B in June while Tokyo, Seoul and Luxembourg quietly absorbed the next wave of structural adoption, drawing a sharper line between retreat and construction.
Bitcoin headlines scream bear market while institutional ETH quietly stacks reserves, and the gap between the narrative and the flows has never been wider.
A landmark Wall Street push into BTC, ETH and SOL lands on the same day ETF flows flirt with record lows. The contradiction is the story.
Oil above $90 and 5% Treasury yields overwhelmed ETF inflows, leaving Bitcoin near $64,000 and the market's better news heavily discounted.
Ondo Finance tokenizes US Treasuries into USDY and OUSG, gated to verified investors. Here's how each product differs and what ONDO the token actually does.
CoinDesk
Marco De Santis
Alex Morgan
Sofia Almeida
Lina Haddad
Ethan Brooks