StablecoinX has secured a permanent waiver ending the 48-month lock-up on its ENA holdings from Oct. 5, 2026, while leaving separate controls on token sales in place. StablecoinX ENA restrictions will end on Oct. 5 StablecoinX said in a Sep.…
Ethena's strategy to diversify revenue sources could stabilize its financial model, reducing vulnerability to crypto market volatility.
CryptoBriefing•Editorial Team12h ago
Ethena Pay's innovative yield-sharing model could disrupt traditional banking by offering competitive returns and fostering crypto adoption.
CryptoBriefing•Editorial Team17 Sept
A single failed Senate vote this week wiped nearly 4% of the entire crypto market's value , and over 500 million dollars in forced liquidations across the market in the hours that followed. Bitcoin fell. Ethereum fell. Chainlink, Aave, Bitcoin Cash, Aptos, Ethena- every major name fell, most of them with no company-specific news of their own at all. This wasn't a hack, scandal, or technical failure - this was a legislative procedure vote that didn't pass. This article goes over exactly what happened, why leverage turns a political disappointment into a violent marketwide selloff , and why some coins fell far harder than others during the event. What actually happened The Senate failed to advance the CLARITY Act , a bill meant to set clearer regulatory rules for the crypto industry here in the US. Crypto markets had priced in progress toward this legislation, since regulatory clarity has been one of the biggest overhangs preventing broader institutional adoption for years. When the vote failed to advance the bill forward, that progress did not materialize, and the market reacted quickly. At the same time, rising odds of a Federal Reserve rate hike were already weighing on risk assets across the board. These two things - a disappointing regulatory outcome and rising expectations of tighter monetary policy - came together to form a single, sharp, risk-off move for the entire crypto market simultaneously. Why a bill not passing crashes coins that have nothing to do with the bill It's easy to confuse new traders as to why this happened. Chainlink, Aave, and Bitcoin Cash have entirely different use cases, teams, and fundamentals. None of them are directly regulated or affected by this specific legislation any more than any other token, but they all fell together, and several fell by more than Bitcoin did. This happens because crypto assets become highly correlated during a risk-off event . During such a move, traders and funds don't sell their disappointing bet and keep holding everything else in their portfolios steady. They reduce risk broadly across their entire portfolio , because the source of the fear - a regulatory uncertainty or a macro tightening expectation - applies to the asset class itself, and not to any coin's specific fundamentals. https://www.tradingview.com/x/bbQAXcS8/ Why leverage turns a dip into a $500 million cascade This is where the real damage multiplies. A large amount of crypto trading happens through leverage - that is, traders borrowing money to control a position bigger than their capital in order to magnify their gains. This works well while their prices march higher, but as soon as their prices start to fall by even a modest amount, the exchanges forcibly close, or liquidate, these leveraged positions to prevent the trader's losses from going beyond what they actually put up. As prices began to fall from the failed vote, leveraged long positions across many coins hit their liquidation thresholds. Exchanges automatically sold those positions into a falling market, which further pushed prices down, and then triggered the next layer of liquidations at a slightly lower price, and so on. This is how a single piece of news, one that might have caused a modest orderly pullback on its own, ended up resulting in over 500 million dollars of forced selling within a matter of hours , none of it a voluntary action by the traders involved. Why some coins fell so much harder than others Looking at the actual figures during the event, Aave fell over 6% , Aptos fell nearly 8% , Bittensor fell nearly 8% , and Bitcoin - the largest, most stable crypto asset - fell by a noticeably smaller percentage. This is because of something called beta , a measure of how much an asset tends to move compared to the broader market during a given event. Smaller, more speculative altcoins tend to carry higher beta than Bitcoin - that is, they tend to magnify any move the broader crypto market makes, in both directions. During a risk-off event like this, this higher beta works against the holders of these tokens, turning a moderate market-wide decline into a much sharper drop for these specific tokens. One analysis of Ethena's drop during this particular event specifically noted that the higher beta that Ethena typically has amplified what was a broad, macro-driven move, not something specific to the project. https://www.tradingview.com/x/D09OBE0t/ The bigger pattern worth understanding This is a signature you'll see repeatedly in crypto. A macro/regulatory headline hits . Broad, correlated selling begins across the entire asset class. Leveraged positions get forcibly closed , accelerating the initial move far beyond what the news itself would justify. Higher beta, more speculative tokens fall hardest , and larger, more established assets fall by comparison less, even though everything falls together. Recognizing this signature is important because it tells you that a sharp, broad selloff like this one isn't necessarily a judgment on any given individual project's fundamentals. It's often a mechanically-driven reaction to a single piece of news that happens to have occurred at a time when a large amount of leverage was sitting in the market. How to actually think about this as a trader Check if a crypto selloff is broad-based across unrelated tokens or concentrated in one coin, because a broad, correlated move implies a macro/regulatory trigger amplified by leverage, and not project-specific bad news. Pay attention to overall market leverage levels - sometimes visible around open interest and funding rates - because elevated leverage leading up to a known event can increase the odds that a disappointing outcome gets amplified into a much larger cascade than the news alone would justify. Remember that higher-beta altcoins will almost always move more than Bitcoin during both broad rallies and selloffs, so if you're holding small altcoins through a known event risk, you are essentially accepting amplified moves in both directions. Watch for the immediate aftermath of a liquidation cascade rather than only the initial drop, because these events can cause sharp, temporary overshoots to the downside as forced selling clears out, followed by a partial recovery once the leveraged positions causing the extra selling pressure have already been liquidated. My Conclusion A failed vote in Washington wiped out half a billion dollars in crypto positions within hours , and most of the coins' falls in the selloff had absolutely nothing to do with the bill itself. This is the nature of a leveraged, highly correlated market - a single piece of disappointing news doesn't just move the asset it's actually about, but it can cause a mechanical cascade across an entire asset class , hitting hardest wherever the most leverage and highest beta happen to be. Thank you @VertexQore
Ethena's pivot to AAA-rated collateral could attract institutional investors, enhancing stability but potentially limiting high-yield opportunities.
CryptoBriefing•Editorial Team16 Sept
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AMBCrypto•Ritika Gupta13 Sept
Geneva and Lisbon, Sept. 12, 2026 – TRON DAO (“TRON”) and Ethena Labs (“Ethena”) today announced that USDe and sUSDe are live on the TRON network, expanding access to Ethena’s digital dollar products across one of the world’s largest stablecoin settlement networks. Users can now bridge USDe and sUSDe to TRON through Stargate Finance and hold or transfer both assets across the network. Support across TRON’s core DeFi applications, including JustLend DAO and SUN.io, is expected to roll out over the coming weeks, with broader adoption across wallets, exchanges, and payment applications to follow. USDe on TRON will also remain connected to liquidity across Ethena’s other supported networks, supporting interoperability across Ethena’s broader multichain ecosystem. USDe brings an additional dollar-denominated asset to TRON, while sUSDe gives TRON’s global user base exposure to Ethena’s rewards-bearing digital dollar product. In turn, Ethena connects with TRON’s global base of over 403 million accounts, where dollar-denominated assets already move at significant scale. “Millions of people rely on the TRON network every day to make payments, save, and move value globally,” said Justin Sun, Founder of TRON. “Bringing USDe and sUSDe to TRON broadens the options available to users and further strengthens the network as decentralized infrastructure for everyday use.” “TRON has a massive user base that already holds and moves digital dollars in significant size,” said Guy Young, Founder of Ethena Labs. “Bringing USDe and sUSDe to that ecosystem means those users can hold a dollar that accrues rewards on the network they already use. This integration is the latest step in our effort to bring our digital dollar products to as many people as possible, and we look forward to continuing to work with the TRON DAO team to find new ways to bring value to TRON’s users.” The integration marks the latest step in USDe’s multichain expansion, with the asset now supported across more than a dozen networks and integrated with leading centralized exchanges and DeFi applications. About Ethena Labs Ethena Labs is the development team behind USDe and USDtb and a contributor to the Ethena protocol. Ethena’s USDe is the fastest growing USD-denominated crypto asset in history, encompassing integrations across some of the largest centralized exchanges and major DeFi applications. Ethena is backed by Fidelity, Franklin Templeton, Dragonfly, Binance Labs, Bybit, and OKX among others. Media Contact Nate Johnson Ethena-August@AugustCo.com About TRON DAO TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps. Founded in September 2017, the TRON blockchain has experienced significant growth since its MainNet launch in May 2018. Today, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin, which currently exceeds $94 billion. As of September 2026, the TRON blockchain has recorded over 403 million in total user accounts, more than 15 billion in total transactions, and over $28 billion in total value locked (TVL), based on TRONSCAN. Recognized as the global settlement layer for stablecoin transactions and everyday purchases with proven success, TRON is “Moving Trillions, Empowering Billions.” TRONNetwork | TRONDAO | X | YouTube | Telegram | Discord | Reddit | GitHub | Medium | Forum Media Contact Yeweon Park press@tron.network
NewsBTC•BlockmanPR12 Sept
TRON's integration of Ethena's tokens could enhance its DeFi ecosystem, diversify stablecoin options, and boost cross-chain liquidity.
CryptoBriefing•Editorial Team11 Sept
TRON DAO (“TRON”) and Ethena Labs (“Ethena”) today announced that USDe and sUSDe are live on the TRON network, expanding access to Ethena’s digital dollar products across one of the world’s largest stablecoin settlement networks. Users can now bridge USDe and sUSDe to TRON through Stargate Finance and hold or transfer both assets across the
BeInCrypto•Advertorial11 Sept
The proposed curve change adds 13 to 89 basis points across a $323.8 million debt snapshot.
CryptoSlate•Liam 'Akiba' Wright11 Sept
Former Franklin Templeton digital asset executive Christopher Jensen will lead StablecoinX, the largest corporate holder of Ethena’s ENA token.
Cointelegraph•Cointelegraph by Nate Kostar8 Sept
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Traders across markets remain bullish, but can all this go wrong?
AMBCrypto•Olayiwola Dolapo5 Sept
Arthur Hayes keeps his Bitcoin long and sets a $10,000 Ether price target, plus Ethena and Ether.fi calls, for 2026.
BeInCrypto•Darryn Pollock3 Sept
Ethena launches Ethena Pay, offering USDe yields, card rewards, global transfers, and new utility for ENA.
The self-custodial app brings USDe into everyday payments, savings and cross-border transfers, with annualized rewards of up to 6%.
Cointelegraph•Cointelegraph by Nate Kostar1 Sept
OKX has added 10 USDC spot margin pairs for European customers, offering up to 10x leverage as NEAR and ENA gained 7.2% and 5.6%, respectively, over the past 24 hours. According to a Sept. 1 press release shared with crypto.news,…
