Key Takeaways StablecoinX reported 3 billion ENA tokens, roughly 20% of ENA supply, in its latest operations report. The $218.4 million ENA treasury ties StablecoinX to Ethena’s $3.9 billion USDe market. Investors will watch StablecoinX’s 2027 distribution plan and future ENA impairment charges. The New York company disclosed the stake with results for the quarter ended June 30. StablecoinX started trading as USDE on June 26, one day after closing its merger with TLGY Acquisition Corp., turning a crypto treasury into a listed stock. ENA is Ethena’s governance token, the asset used to vote on certain protocol choices and, under …
Bitcoin
Crypto
SafePal disclosed on Aug. 16 that an authorization flaw in an order-tracking plugin exposed customer order information belonging to approximately 39,798 people. Summary Nearly forty …
XRP remains under pressure, with the broader structure still favoring the bears as the asset trades near the $1.00 area. The market has lost momentum …
