MEXC has invested $20 million in Ethena’s synthetic stablecoin, USDe, to boost its adoption and development within the stablecoin market. This investment is complemented by a $16 million strategic commitment from MEXC Ventures, which aims to enhance user engagement through zero-fee trading and attractive staking programs. Ethena also plans to launch iUSDe, targeting institutional investors, while a recent private ENA token sale raised $100 million to accelerate product innovation.
about MEXC Invests 20 Million in Ethena to Boost USDe Stablecoin AdoptionEthena
0 in Finance and 0 in Crypto last weekCrypto Market Faces Turmoil Amid Major Hacks and Sell-Offs
Crypto markets faced turmoil as a significant hack attributed to North Korea’s Lazarus group resulted in a $1.4 billion breach of Bybit, prompting the exchange to restore its ETH reserves through loans and buybacks. In response to the hack, Bybit is offering a 10% reward for returned funds, while security measures are being enhanced. Meanwhile, SOLBTC plummeted to its lowest since December 2023, as Franklin Templeton filed for a SOL ETF and Binance sold large SOL blocks.
about Crypto Market Faces Turmoil Amid Major Hacks and Sell-OffsCrypto Market Declines After Major Hacks and SOL Underperformance
Crypto markets are reeling from a significant hack attributed to North Korea’s Lazarus group, resulting in a $1.4 billion breach of Bybit, which has since restored its ETH reserves. SOL is underperforming, hitting its lowest level since December 2023, while Berachain and Sonic are seeing increased inflows. In other developments, Franklin Templeton has filed for a SOL ETF, and El Salvador plans to halt BTC purchases despite a strategy to acquire an additional $2 billion in BTC.
about Crypto Market Declines After Major Hacks and SOL UnderperformanceEmerging DeFi Tokens to Watch as Ethereum Signals Altcoin Season
Ethereum is signaling a bullish trend, potentially marking the start of an altcoin season. Among the top tokens to consider are Rexas Finance, known for its innovative real-world asset tokenization, Polkadot for its interoperability, and Solana for its high-speed transactions. Other notable mentions include Kaspa, with its unique DAG protocol, and Ethena, which focuses on DeFi remittance services.
about Emerging DeFi Tokens to Watch as Ethereum Signals Altcoin SeasonTop Cryptocurrency Investments for High Capital Deployment in 2024
Market volatility presents lucrative opportunities for high-capital investments in cryptocurrencies. Top picks include high-growth coins like $JUV and $OM for short-term gains, while $BTC, $ETH, and $BNB are recommended for long-term stability. Emerging altcoins such as $ENA, $WLD, and $GMT show potential for significant growth in 2024. Diversification is essential to balance risk and reward.
about Top Cryptocurrency Investments for High Capital Deployment in 2024Pendle Expands to Solana and Targets New Yield Opportunities in 2025
Pendle is set to expand its offerings in 2025, targeting non-EVM chains like Solana, Hyperliquid, and Ton, while introducing dynamic fees and a new initiative to swap perpetual funding rates for yield trading. With a TVL of $4.4 billion and daily trading volumes of $96 million, Pendle aims to attract traditional finance by offering higher yields than conventional bonds. The protocol’s innovative approach positions it as a leading player in the decentralized finance landscape.
about Pendle Expands to Solana and Targets New Yield Opportunities in 2025Altcoins Experience Significant Declines Amid Bearish Market Trends
Several altcoins are experiencing significant selling pressure, with Fartcoin dropping to $0.91 after a peak of $2.73, marking a 46.18% loss over seven days. Virtuals Protocol has also declined to $1.97, while Official Trump fell to $29.47, down 18%. Uniswap and Athena are similarly struggling, with prices at $11.13 and $0.68, respectively, indicating a bearish trend across the market.
about Altcoins Experience Significant Declines Amid Bearish Market TrendsTrump’s World Liberty Financial Acquires Over 388 Million in Crypto Assets
President Trump’s World Liberty Financial has amassed over $388 million in digital assets, significantly increasing its holdings with recent purchases of 4,700 ETH and $2.65 million in TRX. The project aims to establish a national digital asset stockpile while reversing previous regulatory measures, as outlined in a new executive order promoting responsible growth in the crypto sector.
about Trump's World Liberty Financial Acquires Over 388 Million in Crypto AssetsDonald Trump’s World Liberty Financial Becomes Major Holder of Staked Ethereum
Donald Trump’s World Liberty Financial has emerged as a top 0.1% holder of staked Ethereum, accumulating $33 million in stETH. The platform also holds $182 million in ETH, $55.6 million in USDC, and $48 million in Wrapped Bitcoin, among other assets, celebrating Trump’s second inauguration with significant purchases on January 20th.
about Donald Trump's World Liberty Financial Becomes Major Holder of Staked EthereumMaple Finance Proposes Token Buybacks to Reward SYRUP Stakers
Maple Finance is proposing to allocate 20% of its protocol revenues for monthly buybacks of SYRUP tokens, aimed at rewarding stakers and enhancing long-term ecosystem growth. The initiative, pending a tokenholder vote starting January 20, would complement existing incentives from SYRUP emissions, with stakers potentially earning around 5.0% APY. This move aligns with a broader trend in DeFi, where protocols are increasingly sharing revenues with tokenholders to bolster value-accrual mechanisms.
about Maple Finance Proposes Token Buybacks to Reward SYRUP StakersCryptocurrency Market Rebounds on Trump Executive Order News
Cryptocurrency markets rebounded from a weak start on news that Donald Trump plans to sign several crypto-related executive orders on his first day in office. Bitcoin saw a slight decline to $94,357, while XRP and Dogecoin gained 1%. Notably, large transaction volumes increased by 9.2%, despite a significant drop in transactions over $100,000.
about Cryptocurrency Market Rebounds on Trump Executive Order NewsAltcoins Set for Growth Amid Market Trends and Predictions for 2025
Bulls are heavily invested in Cardano (ADA), with projections of its price reaching between $5.0 and $10.0 by 2025, while TRON (TRX) is expected to hit $0.40 soon, driven by increased network activity. Ethena (ENA) is gaining traction, with a potential 20-30% increase anticipated due to institutional backing and upcoming upgrades. Solana (SOL) has surged 300% in 60 days, but faces volatility; analysts predict a rebound alongside ADA, TRX, and ENA as key altcoins to watch in the upcoming market rally.
about Altcoins Set for Growth Amid Market Trends and Predictions for 2025