9 stories about Ethena from across the crypto press, curated and summarized daily. Most recent: Oct 23, 2026.
Speaking on the Delphi Hivemind podcast, Ethena founder Guy Young detailed how tokenized real-world assets represent a $150 trillion market expansion for crypto derivatives.
Ethena has navigated recent crypto market downturns by using foundation treasury funds to buy back tens of millions of dollars in tokens from early investors. The protocol is now expanding its yield mechanisms into real-world asset perpetuals and launching a consumer neo-banking app on Avalanche.
Ethena, the issuer of the $4 billion USDe stablecoin, expects real-world asset perpetuals to eclipse crypto derivatives in its backing within 12 to 24 months, aiming to capitalize on the booming equity perpetuals market and offer higher yields to users.
Ethena's ENA token surged after the protocol proposed a buyback program and adjusted venture capital unlock schedules. These moves aim to cut investor selling pressure and channel protocol revenue to ENA as Ethena looks to revive USDe growth.
Crypto investor Arthur Hayes expects persistent government money printing to propel Bitcoin to $250,000 without a traditional financial crisis, while detailing his portfolio strategy and a new AI compute project.
BitMEX co-founder Arthur Hayes attributes Bitcoin's rally toward $70,000 to the U.S. Treasury doubling its long-term debt buybacks, framing the move as implicit yield curve control. Hayes also shared tactical bets on Ethereum and announced his new AI project, Flop Labs.
Ethena Labs is allocating $250 million to Securitize’s tokenized AAA-rated collateralized loan obligation (CLO) fund, which is deploying on the Solana blockchain. This move brings institutional-grade structured credit to the blockchain, offering floating-rate returns.
Traditional asset manager Janus Henderson has invested in Ethena and plans to distribute its stablecoin, USDe. This follows a trend of big finance firms embracing decentralized finance (DeFi) infrastructure.
Coinbase has invested in Ethena through an open market purchase of ENA tokens, and the two companies are partnering to grow onchain finance and savings products. This collaboration aims to expand blockchain-based financial services.