Falconx

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.

A bitcoin wallet inactive since 2011 moved nearly 50 BTC worth about $3.2 million to a SegWit address with prior links to FalconX-labeled deposits. The coins remained at the receiving address as of Friday morning, leaving the holder’s intent unclear.

Arbitrum’s ARB token led the top 100 cryptocurrencies after Robinhood Chain recorded $568 million in daily trading volume. The new chain, built on Arbitrum’s technology stack, sends 10% of net protocol revenue back to the Arbitrum ecosystem.

Sharplink received 5,000 ether from FalconX, marking its first ETH inflow in eight months as the market traded lower. The treasury firm still faces a steep unrealized loss despite holding more than 876,000 ETH.