ethena

suiUSDe, supported by Ethena, has launched on the Sui mainnet, becoming the network's first "synthetic dollar" token. SUI Group has established a new suiUSDe yield vault on Bluefin's Ember Protocol, with an investment of 10 million dollars.

According to Arkham data, at 09:47, 4.2554 million MORPHO (worth approximately 4.9363 million USD) was transferred from Ethena to an anonymous address (starting with 0x6930...).

According to Arkham data, at 17:19, 3849.99 ETH (worth approximately 8.62 million USD) was transferred from Ethena to Copper.

Dragonfly managing partner Haseeb Qureshi recently published a post regarding the viewpoint that "the market crash on 10/11 was triggered by Binance and Ethena." He stated that this narrative is difficult to establish in terms of timeline, market dissemination path, and evidence. He pointed out that the price of Bitcoin had already bottomed out about 30 minutes before the anomaly in USDe appeared on Binance, indicating that the causal relationship is clearly inverted. Additionally, the deviation in USDe price only occurred on Binance and did not spread to other trading platforms, which cannot explain the large-scale liquidation across the entire market and is fundamentally different from events like Terra that caused global balance sheet shocks.Haseeb believes that a more reasonable explanation is the combination of multiple factors: Trump's tariff comments disturbed the market on Friday evening, the Binance API anomaly prevented market makers from hedging across platforms, liquidation and the ADL mechanism amplified volatility, and the lack of traditional financial-style circuit breakers and self-stabilizing mechanisms in the crypto market ultimately caused the market to evolve along an unfavorable path. He emphasized that there is no simple and conspiratorial "single culprit" for 10/11; although the market suffered a heavy blow, it has not been permanently damaged in the long run and only needs time to restore liquidity and confidence.

Ethena Labs Research proposes that before next week's election, ENA token holders vote to reduce the size of the risk committee from 5 voting members to 3. Ethena Labs Research believes that reducing the number of members will help clarify responsibilities, covering specific areas such as DeFi lending exposure, reserve funds and redemption requests, protocol partner integration, and collateral assets.In addition, reducing the number of members will allow the Ethena Foundation to increase member compensation, encouraging them to invest more resources. If the proposal passes, ENA and sENA holders will elect 3 voting members, with Ethena Labs Research serving as an advisory non-voting member; if it does not pass, 5 members will still be elected as originally planned.

According to monitoring by The Data Nerd, 7 hours ago, Arrington Capital (0x40d...E15E) withdrew 5,500 ETH from Coinbase, worth $18.51 million.In addition, Amber (0xc47...BB68) and a wallet suspected to be related to Ethena (0xb5E...C24e) deposited 3,956 ETH into Coinbase and Binance, worth $13.24 million.

UPBIT will launch trading for Ethena USDe (USDE) on January 14, 2025, at 18:00, supporting KRW, BTC, and USDT markets. Users can start depositing 1 hour and 30 minutes after the announcement is made, and trading will begin at the aforementioned time.

According to The Block, the Safe Foundation announced on Tuesday a strategic partnership with USDe issuer Ethena Labs, aimed at reducing the Gas fee costs for USDe transactions on the Ethereum mainnet and enhancing the rewards earning potential for USDe stored in Safe multi-signature wallets.Safe accounts holding USDe will now receive "a 10x multiplier on the points accumulated during the current Ethena points program period." The two companies stated, "This collaboration marks a broader strategic initiative by Safe to drive the stablecoin economy towards a self-custody model, and this partnership formally establishes both parties' commitment to positioning the Safe self-custody wallet ecosystem as the preferred platform for accessing Ethena products."

According to Arkham data, at 02:03, 4181099.9999999995 MORPHO (worth approximately 4891887 USD) was transferred from Ethena to an anonymous address (starting with 0x6930...).

According to Cointelegraph, a report by 10x Research shows that Ethena's synthetic stablecoin USDe has seen its market capitalization evaporate by about $8.3 billion since the market crash, dropping from $14.7 billion to its current approximately $6.4 billion, nearly halving. This plunge reflects a sharp decline in investor confidence in leveraged and synthetic collateral models.The market crash was the largest liquidation event in the history of the crypto market, leading to over $19 billion in crypto positions being liquidated, with a total market capitalization evaporating by about $1.3 trillion, accounting for nearly 30% of the total market cap at the time. During this period, USDe also briefly depegged to around $0.65, but Ethena Labs founder Guy Young stated that this temporary depegging was due to an internal oracle issue at the exchange, not a problem with the protocol or collateral assets.Currently, the price of USDe has recovered to $0.9987, but market activity remains sluggish, with trading volume down about 50%. Bitcoin spot ETFs listed in the U.S. have seen a net outflow of about $5 billion since the end of October. Analysts point out that this weakness is more influenced by the withdrawal of regulatory capital rather than retail selling.

Recently, according to on-chain analyst The Data Nerd (@OnchainDataNerd), a wallet suspected to belong to the Ethena team withdrew 26,800 AAVE (approximately $4.03 million), and then deposited 17,900 AAVE (approximately $2.68 million) into Binance and Bybit exchanges, respectively.

According to Arkham data, at 04:58, 26,814.41 AAVE (worth approximately $4.0289 million) was transferred from Anchorage Digital Custody to Ethena.

According to Arkham data, at 00:00, 5,500 ETH (worth approximately 16.71 million USD) was transferred from Ethena to Ceffu.

According to Onchain Lens monitoring, Ethena Labs deposited 18.36 million ENA into Bybit, worth 3.75 million USD.Two years ago, they withdrew 34.65 million ENA (worth 28.25 million USD) from Gate and received an additional 3.38 million ENA (1.32 million USD) as staking rewards. They still hold 20.118 million ENA (4.23 million USD) in the liquidity pool.

According to Arkham data, at 21:53, 40 million ENA (worth approximately 8.16 million USD) was transferred from Ethena to an anonymous address (starting with 0x7B14...).

According to market news, Ethena's total value locked (TVL) has dropped over 55% from its peak of $14.98 billion on October 3, 2025, to $6.63 billion.

According to Arkham data, at 07:53, 2,000 ETH (worth approximately $5.6567 million) was transferred from Anchorage Digital Custody to Ethena.

According to Arkham data, at 01:32, 18.2763 million ARB (worth approximately 3.48 million USD) was transferred from Anchorage Digital Custody to Ethena.