Ethena Adds Tokenized Equities to USDe’s Backing
The move extends USDe's delta-neutral strategy beyond crypto, as Binance equity perpetuals show growing activity and Ethena targets a much larger global equities market.
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The move extends USDe's delta-neutral strategy beyond crypto, as Binance equity perpetuals show growing activity and Ethena targets a much larger global equities market.
The IRS safe harbor from November 2025 unlocked staking inside U.S. spot ether ETFs, and Fidelity's filing now puts the $898M FETH in line to join Grayscale and 21Shares as yield-bearing funds.
A crypto ETF lets you get exposure to digital assets through a regular brokerage account — no wallets, no private keys. Here's how they actually work.
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.
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.
Bitcoin ETFs opened the door for everyday and institutional investors to own Bitcoin exposure through a brokerage. Here's the complete picture.
USDC and USDT face payment-stablecoin rules. BUIDL and OUSG look more like funds. The line between them is the fight.
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.
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.
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.
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.
Under MiCA, EURC is an e-money token while USDC is asset-referenced. That split changes who can issue, where reserves live, and which EU exchanges can list each.
Tokenized money market funds are regulated fund shares with floating NAVs, while stablecoins are payment tokens pegged to $1. The legal wrapper changes everything.
Spot BTC ETFs just bled $4B in a month, the 200-week moving average gave way, and stablecoin supply is contracting. Read that as a verdict on the era of speculative yield.
EU bans interest on most stablecoins. The US is ambiguous. Singapore permits it with disclosure. Here's how MiCA, GENIUS, and the SEC each treat yield wrappers.
Morgan Stanley just opened the ETF door for ETH and SOL. Citadel is betting on a 25 bp surprise. The crowd is reading the same tape and seeing two different movies.
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 is wedged at $64K while ETF outflows, EU sanctions and a stalled CLARITY Act test just how patient institutional money really is.