Ethena

Ethena’s ENA token has rebounded sharply from its summer low, but technical traders are watching whether a familiar golden cross pattern leads to a cooling phase. Momentum remains stretched near resistance, even as stronger tokenomics, USDe growth and payments expansion support the broader recovery story.

Bitcoin opened the new quarter in a familiar range, holding between $82,000 and $85,000 after a brief move above the upper end failed to stick. ETF demand weakened sharply, while selective altcoin rallies in STX, NIGHT, ENA and NEAR contrasted with softer broader market momentum.

MetaMask has begun withdrawing affected Ethereum validators after a security incident diverted an estimated 0.36 ETH in block-production payments. The company said it has identified no immediate threat to MetaMask wallets, while Lido warned affected validators may miss rewards during the exit and re-entry process.

Bitcoin traded just below $80,000 after a weekly advance supported by steady U.S. spot ETF inflows. Solana outperformed major cryptocurrencies, rising above $100 as traders positioned ahead of Federal Reserve Chair Kevin Warsh’s Jackson Hole keynote.

Ethena’s ENA rose sharply after the foundation outlined major tokenomics changes designed to reduce early-investor selling pressure and create recurring demand through potential revenue-funded buybacks. The overhaul comes as Ethena seeks to revive USDe growth after supply fell sharply from its previous peak.

CASHCAT has more than doubled over the past week, recovering part of its post launch slide while remaining below its mid July high. Robinhood Chain activity is shifting as total value locked reaches about $774 million and tokenized real world assets rise to $100 million.

Galaxy has introduced Galaxy Curator, a Morpho-based vault curation business designed to help institutions deploy idle stablecoins into onchain lending strategies. The product is distributed through Fireblocks Earn and applies institutional risk controls to DeFi markets while assets remain at the protocol level.