By Afe Funbi Key highlights: Ethena price finds good support at $0.64, and there are investors holding out for a potential breakout above $0.67-$0.70. On-chain indicators indicate 140 Million ENA removed from exchanges over four days, which implies reduced sell pressure. Technical setup indicates potential for upside to $0.74-$0.76, but a dip below $0.64 would […]
Tag: ADA
By Emir Abyazov Key highlights: World Liberty Financial issues $205M USD1 stablecoin, boosting total supply to $2.4B. Fed Governor Christopher Waller praises stablecoins for retail and cross-border payments. USD1 now represents 39% of World Liberty’s crypto portfolio, its largest position to date. The Trump family-backed project World Liberty Financial issued USD1 stablecoins just hours after […]
By Emir Abyazov Key highlights: China may allow yuan-pegged stablecoins to boost its global currency influence. Conflux has already launched a CNH-backed stablecoin for cross-border payments. Policy shift challenges dollar dominance amid growing global stablecoin adoption. China is reportedly considering allowing stablecoins pegged to the yuan for the first time, signaling a major reversal […]