A fraudulent token masquerading as the newly launched ENA token was exploited on Binance Launchpool, resulting in losses of 480 BNB worth approximately $290,000. The incident, which occurred mere hours after the legitimate Ethena (ENA) token debuted as the platform’s 50th project, has sown significant confusion and raised urgent questions about security protocols in the cryptocurrency sector. Security firm PeckShield has confirmed the token was counterfeit, highlighting a persistent vulnerability to malicious exploits within the digital asset space.
about Fake ENA Token Exploited on Binance Launchpool, $290K LostEthena Labs
0 in Finance and 0 in Crypto last weekCrypto Weekly: Ripple’s $1B Buyback, Trump’s $1B Profit
This week witnessed major moves in the crypto space, from Ripple Labs planning a $1 billion XRP buyback to revelations about the Trump family’s $1 billion crypto profits. Meanwhile, regulatory developments and significant investments continue to shape the digital asset landscape.
about Crypto Weekly: Ripple's $1B Buyback, Trump's $1B ProfitUSDe Depegging: Binance Oracle Issue Caused $1B Liquidations
Ethena Labs founder Guy Young has confirmed that USDe’s dramatic depegging to $0.65 on Binance resulted from an internal oracle malfunction rather than collateral failure. The incident unfolded during Friday’s catastrophic market crash that erased nearly half a trillion dollars from cryptocurrency valuations and triggered over $19 billion in leveraged position liquidations. Binance has compensated affected users $283 million for losses stemming from the depegging event.
about USDe Depegging: Binance Oracle Issue Caused $1B LiquidationsEthena’s $2B USDe Depeg Exposes Crypto Stablecoin Risks
Ethena’s synthetic dollar USDe lost its dollar peg on Binance, shedding over $2 billion in market capitalization during a flash event that exposed critical vulnerabilities in crypto’s stablecoin infrastructure. The incident, which saw USDe briefly plummet to $0.65 before recovering, occurred amid broader market turmoil triggered by political uncertainty and highlighted the structural risks embedded in synthetic dollar systems. Binance later reimbursed users $283 million for losses, underscoring the severity of the pricing malfunction that rippled through crypto markets.
about Ethena's $2B USDe Depeg Exposes Crypto Stablecoin RisksEthena Stakes 180M ENA Tokens, Faces Scrutiny Over Rewards
Ethena Labs faces mounting scrutiny after crypto investigator Nomad revealed the protocol staked 180 million ENA tokens for its Season 3 farming event, representing approximately 25% of total staked ENA. This substantial position has raised serious concerns about potential reward dilution for other participants in the synthetic dollar ecosystem, casting doubt on the fairness of the platform’s incentive structure.
about Ethena Stakes 180M ENA Tokens, Faces Scrutiny Over RewardsEthena Founder Explains USDe Depegging as Oracle Issue
Ethena Labs founder Guy Young has clarified that the recent USDe depegging event on Binance, which saw the synthetic dollar stablecoin briefly drop to $0.65, was caused by an internal oracle issue rather than fundamental problems with the protocol. During Friday’s market volatility, Young emphasized that minting and redemption mechanisms functioned perfectly across other exchanges, with $2 billion in USDe successfully processed with minimal price deviations.
about Ethena Founder Explains USDe Depegging as Oracle IssueJupiter Launches JupUSD Stablecoin on Solana with Ethena
Solana’s dominant decentralized exchange aggregator Jupiter is making a strategic leap into the stablecoin arena with JupUSD, a new token developed in partnership with Ethena Labs. Scheduled for launch in mid-Q4 2025, JupUSD will serve as the foundational backbone of Jupiter’s expanding ecosystem, fully collateralized by Ethena’s treasury-backed USDtb to ensure stability and trust. This move represents a significant evolution for one of Solana’s most prominent DeFi platforms, integrating stablecoin functionality directly into its core trading, lending, and derivatives products.
about Jupiter Launches JupUSD Stablecoin on Solana with EthenaSui to Launch Two Native Stablecoins with Ethena Labs
Sui Group Holdings is making a strategic push into the stablecoin market through an unprecedented partnership with Ethena Labs and the Sui Foundation. Announced at Token2049, this industry-first collaboration between a digital treasury, blockchain foundation, and stablecoin issuer will introduce two native stablecoins—suiUSDe and USDi—to the Sui blockchain ecosystem. The move represents a significant challenge to dominant stablecoins USDT and USDC while expanding Sui’s DeFi infrastructure and liquidity mechanisms.
about Sui to Launch Two Native Stablecoins with Ethena LabsAnchorage Integrates Jupiter for Institutional DeFi on Solana
Anchorage Digital is integrating Solana’s Jupiter swap aggregator into its institutional Porto wallet, marking a significant advancement in bridging traditional finance with decentralized protocols. The integration enables secure, streamlined crypto-to-crypto swaps and DeFi access while addressing institutional concerns about security and compliance. This strategic move comes amid surging institutional interest in Solana, evidenced by nearly $300 million in recent exchange-traded product inflows and pending ETF approvals from major traditional finance firms.
about Anchorage Integrates Jupiter for Institutional DeFi on SolanaStablecoin Market Hits $300B Milestone in 2025
The stablecoin market has achieved a historic breakthrough, surging past the $300 billion mark in 2025 to reach a total supply of $307 billion. This record capitalization, confirmed by data from CoinMarketCap, underscores a period of accelerated growth and signals deepening integration between cryptocurrency and traditional finance. The milestone, driven by regulatory clarity and surging institutional interest, positions stablecoins as a critical bridge in the global financial ecosystem.
about Stablecoin Market Hits $300B Milestone in 2025CZ’s $10B YZi Labs May Open Fund to External Investors
YZi Labs, the $10 billion investment firm founded by Binance’s Changpeng ‘CZ’ Zhao, is considering opening its fund to external investors amid growing demand for crypto-focused investments and a shifting regulatory landscape. The potential move signals a significant evolution for the firm, which has built stakes in over 230 companies with digital assets comprising approximately 70% of its portfolio. This development comes as US regulators show unprecedented openness, with SEC Chair Paul Atkins personally requesting private demonstrations of YZi Labs’ portfolio companies.
about CZ's $10B YZi Labs May Open Fund to External InvestorsYZi Labs Boosts Ethena Support, USDe Hits $13B TVL
YZi Labs has significantly increased its strategic investment in Ethena Labs, reinforcing its commitment to the USDe synthetic dollar protocol as it achieves a monumental milestone. Ethena’s total value locked has surged past $13 billion, positioning USDe as the third-largest dollar-denominated asset in crypto behind only USDT and USDC. This expansion, supported by YZi Labs’ enhanced backing, includes innovative products aimed at bridging the gap between traditional finance and blockchain ecosystems.
about YZi Labs Boosts Ethena Support, USDe Hits $13B TVL