BTC $79,616.10 -0.15%
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BNB $744.98 -3.09%
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SOL $105.90 +2.95%
TRX $0.3351 +0.62%
DOGE $0.0887 +0.79%
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SUI $0.7926 -1.39%
XLM $0.1839 -0.11%
ZEC $1,148.47 +13.01%
BTC $79,616.10 -0.15%
ETH $2,480.09 +0.90%
BNB $744.98 -3.09%
XRP $1.41 -0.77%
SOL $105.90 +2.95%
TRX $0.3351 +0.62%
DOGE $0.0887 +0.79%
ADA $0.2168 -0.69%
BCH $256.02 +2.43%
LINK $12.19 +2.56%
HYPE $88.62 +4.06%
AAVE $133.72 +2.27%
SUI $0.7926 -1.39%
XLM $0.1839 -0.11%
ZEC $1,148.47 +13.01%

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first_img Ethena launches Ethena Pay based on Avalanche, offering up to 6% yield and 10% cashback

According to The Block, Ethena Labs announced the launch of the beta version of its self-custody payment application Ethena Pay on Avalanche, covering 48 countries.The application integrates Ethena's synthetic dollar USDe, allowing users to earn rewards on their account balance, including up to 6% annual yield and up to 10% cash back when using designated merchants.The founder of Ethena stated that this is the first bank-like application to integrate the issuer's own stablecoin products with banking applications. Users can hold USDe, receive fiat currency through international bank accounts or directly deposit in cryptocurrency, and can also send funds to others and settle in the recipient's local currency.The application supports "instant" global transfers, with free transfers for USD, EUR, and other currencies, while other bank transfers incur certain fees. The application offers three membership tiers: standard users can enjoy a 5% annual yield, and by depositing 2000 USD in USDe or inviting 10 users, they can upgrade to VIP status, enjoying a 6% yield; depositing 10,000 USD or inviting 50 people allows for further upgrades. Cash back is paid in AVAX.The beta version of Ethena Pay is now available on iOS and Android, initially covering countries such as Brazil, Mexico, South Africa, the Philippines, Singapore, the UAE, and Australia, with the US, EU, Canada, and South Korea to follow. Currently, the circulating supply of USDe is approximately 4 billion USD.

first_img Solana Treasury Company launches State of Solana data dashboard

DeFi Development Corp, a publicly traded company in the United States, announced the launch of State of Solana, a free public data dashboard that aggregates market, network, staking, and ecosystem metrics for Solana. The company is the first publicly traded firm in the U.S. to establish a treasury strategy around accumulating SOL, currently holding 2,294,576 SOL, valued at approximately $208 million, making it the second-largest holder of Solana treasury after Forward Industries.Pete Humiston, Chief Marketing Officer of DeFi Development Corp, stated that the company has spent considerable time explaining why they believe Solana is one of the most important networks in the crypto space, but this argument goes far beyond the price of SOL. State of Solana allows investors and ecosystem participants to view the underlying data themselves. The dashboard tracks SOL returns over five time windows, rainbow chart price history, real-time epoch progress and block times, transactions per second throughput, estimated staking yield and inflation rate, top yields in Solana DeFi, cross-chain activity comparisons, and validator staking distribution (including the Nakamoto coefficient).The company's stock, DFDV, is currently trading at approximately $4.50, with a market capitalization of about $140 million, down about 16% since the beginning of the year and down about 72% from $16 a year ago.
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