Now that $ENA is available in Dual Investment it might be more interesting to trade, Don't you think?
Well, it depends.
You can read the article linked below if you will, to have some perspective on what Ethena offers.
DYOR before you act.
I have wrote about Ethena's "fundamentals" (features and products), but as to ENA as an asset, I have not. At least not recently.
In short, its main product is the stablecoin USDe, while ENA is the utility token of the protocol.
Stablecoins have multiplied with the arrival of US President Donald Trump's more propitious policies for crypto as a whole. And that is precisely the problem with most tokens. The new environment is less restrictive, open to more fierce competition, which is positive for the end-users but disrupting to existing projects.
Stablecoins cannot outperform cash because it is value pegged to fiat currencies, be it USD or EUR. In this case, the price of ENA -the underlying utility token- will depend of the network traffic that might generate demand for it to sustain current levels or move. That is he generic case for any utility token. So what makes it different from other protocols?
Sponsorship? it is hard to compete against USDT and USDC for obvious reasons. Therefore if you wish to trade for he sake of appreciation, you would be better off with more speculative issues, such as $SOL $ETH
Always check for the available options before committing to what is presented in front of you by others.
The Ethena ($ENA) token is the native governance token of the Ethena protocol, a decentralized finance (DeFi) platform on the Ethereum blockchain. Ethena's core product is USDe, a synthetic dollar designed to be censorship-resistant, scalable, and stable, not relying on traditional banking infrastructure. Its utility can be summarized as follows: Governance Decision-Making: ENA holders can participate in key decisions that shape the Ethena protocol's future. This includes voting on protocol upgrades, parameter changes, risk management policies, and the overall direction of the ecosystem.Committee Appointments: holders vote bi-annually to elect members to various committees, such as the Risk Committee. This committee-based governance model allows for delegation of everyday decision-making to expert stakeholders while maintaining transparency. Utility and Incentives Staking Rewards: ENA holders can stake their tokens (receiving sENA as a liquid receipt token) to earn a share of the protocol's revenues and rewards. These revenues are generated from sources like staked asset consensus and execution layer rewards, as well as funding and basis spread from delta-hedging derivatives positions.Ecosystem Alignment: Staking ENA aims to align the interests of token holders with the long-term success and security of the Ethena protocol, incentivizing active participation.Economic Security: Restaked ENA, in partnership with protocols like Symbiotic, is used to provide economic security for cross-chain transfers of USDe.Incentivization: ENA tokens are used to reward participants within the Ethena ecosystem, which can include liquidity provision and other contributions. Ethena Protocol and USDe USDe Stablecoin: Ethena's core innovation is USDe, a synthetic dollar that maintains its 1:1 peg to the US dollar through a "delta-neutral" hedging strategy. This involves using staked Ethereum (and potentially other assets like Bitcoin) as collateral and simultaneously opening equivalent short positions in derivatives markets to offset price volatility."Internet Bond" is a dollar-denominated savings instrument, which combines yields from staked $ETH and the funding/basis spread from perpetual and futures markets. Tokenomics Total Supply: The maximum token supply is 15,000,000,000 ENA.Allocation: ENA tokens are allocated across various stakeholders, including Core Contributors, Ecosystem Development, Investors, the Foundation, and Binance Launchpool.Vesting Schedule: ENA tokens follow a vesting schedule with cliff mechanisms, meaning tokens are released all at once after a set waiting period, with full unlock extending into 2028. Its prospects have improved as stablecoin recognition and legal clarity have been improving. However, if you are interested in the project, remember that ENA is not the underlying stable coin, which is USDe, meaning potential appretiation depends on speculative interest in a governance token. According to the official website the performance have been as follows
What can you do with a broken pencil? ...Nothing, it is pointless.. P.S To day-traders et al: """ Sometimes iddleness strike us as intelligent behavior. """ Warren Buffett $ETH $SOL $WAL
For many it might seem curious to see Bitcoin Cash ($BCH ) sustain momentum while the market as a whole is still in shock during the last quarter of 2025. For a somewhat mature issue, the divergence from the trend followed by the rest must have a catalyst. As of January 10, 2026, BCH is currently outperforming Litecoin ($LTC ) in the spot market due to a combination of major upcoming protocol upgrades, a strategic pivot toward smart contract utility, and a significant shift in institutional treasury strategies. While Litecoin remains a high-volume payment network, its price reflects the prevailing depressed market sentiment compared to BCH independent trend. Technical Market Structure Before going into the fundamentals, let's check the price action. From a purely technical perspective, the two coins are in very different phases: BCH is currently battling a critical multi-year resistance zone between $630 and $666. A decisive break above this is expected to trigger algorithmic "buy" signals. Although, pricewise traders had their chance in June-December when the market dipped more than twice. LTC is trading in a bearish daily pattern, hovering around $81. Despite hitting an ATH in network hashrate (3.34 PH/s), the price has not followed suit, leading to a "utility-valuation gap" that keeps spot buyers cautious. Of course, the value of cryptos do not reflect the value of its network's fundamentals objectively. After the 2025 Bitcoin rally, capital is rotating into assets with "lagging" gains but strong technical foundations. BCH’s shift into the smart contract space gives it a high-growth "tech" narrative that Litecoin currently lacks in the eyes of spot traders. FACTORS DRIVING THE PRICE Now the summary: Layla Upgrade BCH's recent surge results from the anticipation of the "Layla" upgrade scheduled for May 2026, as it is expected to introduce radical changes which would make the network more competitive: CashVM Implementation: The upgrade introduces Ethereum-like smart contract functionality directly on the BCH chain. Investors are pricing in the potential for BCH to become a high-speed, low-fee Layer-1 competitor.Quantum Resistance: It will introduce quantum-resistant cryptography, positioning BCH as one of the most future-proof "hard money" assets.DeFi Pivot: By enabling advanced programmability at sub-penny fees, BCH is attracting developers who are looking for alternatives to expensive EVM chains. Institutional Treasury Adoption A unique factor in early 2026 is the emergence of BCH as a corporate treasury asset. For instance, a company named Moss Genomics announced a full strategic pivot to a "Bitcoin Cash-focused model," including mining and using BCH for its corporate treasury. The adoption of the network in business settings creates consistent spot demand increasing liquidity. AS COMPARED TO LTC Litecoin narrative as "digital silver" is facing headwinds: Litecoin’s Stagnation is not particular to it. LTC price is depressed as much other major tokens are. ETH, BNB, SOL are at least 30-45% from the highs reached in mid 2025. In the case of LTC, bearishness persists in spite it recently launched its LitVM testnet (Jan 9, 2026) and has a spot ETF (NASDAQ: LTCC) trading. In fact, LTC is seen as a mature asset with less explosive upside.
Is that for security or curiosity that they want to see what others are saying?
It might sound silly, but if people did not felt secure or comfortable with online communications or needed to exchange confidencial information, "chats" will go offline.
Couriers might regain some market share or people would meet more often to have "offline" conversations... (a true regression).
Is indignant that a system that monitors opinions or exchange of ideas under the pretext of surveillance and crime prevention, claims privacy is a right and impose limitation in legitimate third party data collection (General Data Protection Regulation GDPR) but not to themselves who are in fact third parties gaining access to private conversations.
Soon (sarcasm intended, but better for it not to happen), the authorities will administer psychometric probation to detect subconscious criminal intentions alla Psychopass (anime).
P.S Not everyone who uses Whatsapp or Telegram are children. Although not all users are mature... Age rating censorship on chats is absurd.
Should not minors and naive adults be taught not to talk to strangers and have some sort of decency (if authorities are so bother by obscenities)?
Your Messages May No Longer Be Private: EU’s ‘Chat Control’ Proposal Sparks Outcry Across Europe
The European Union’s controversial “Chat Control” proposal is triggering a wave of digital privacy backlash, as critics warn it could turn personal devices into government surveillance tools. Telegram founder Pavel Durov has publicly sounded the alarm, urging millions of users to oppose what he calls “an assault on privacy across Europe.” Telegram Rings the Alarm on EU Surveillance Push On October 14, Durov revealed that Telegram had sent notifications to users in France about the proposed EU Chat Control law, which would require messaging platforms to scan all private communications. The proposal, framed as a child-protection initiative, would compel companies to detect and report flagged content—potentially giving governments broad access to private data.
“The EU has almost banned your privacy today,” Durov warned.
“They’re voting on a law that would force apps to scan every private message, effectively turning your phone into a spying device.” He accused France of leading the charge, pointing to government officials Bruno Retailleau and Laurent Nuñez, who both endorsed the measure earlier this year. The proposal reportedly passed preliminary approval with backing from President Emmanuel Macron’s Renaissance party and the Republicans, prompting alarm among privacy advocates. “Citizens Targeted, Officials Exempt” Durov criticized the draft’s double standards, highlighting that the law exempts messages of government officials and police from scanning.
“Only YOU — ordinary citizens — would face the risk of having your private chats and photos exposed,” he stated. Privacy groups across Europe have echoed these concerns, warning that the law undermines end-to-end encryption and data protection guarantees enshrined in EU regulations. Germany and Allies Block Vote, But Battle Isn’t Over Opposition from Germany, Poland, Austria, the Netherlands, the Czech Republic, Finland, Luxembourg, and Belgium has temporarily stalled the proposal. According to Durov, Germany’s last-minute objection “saved privacy for now,” but the fight continues. “Our freedoms are still at risk,” he said. “France continues to push for unrestricted access to private messages, threatening the fundamental right to digital privacy for all Europeans.” The EU Council is expected to revisit the Chat Control proposal in December 2025, keeping tensions high as civil rights organizations mobilize to preserve encrypted communication. What’s Next for Digital Privacy in Europe? If approved, Chat Control would set a global precedent for government access to encrypted data, forcing platforms like Telegram, WhatsApp, and Signal to choose between compliance or withdrawal from the European market. As debate intensifies, citizens and tech firms alike are rallying under a shared message:
👉 “Privacy is not a privilege — it’s a right worth defending.” #Binance #wendy #bitcoin $BTC
With the EUR and JPY under pressure, is natural that the private sector (Holdings Companies and Major Corporations) is exerting pressure so that They could also hedge their currency risk with alternative assets. Strict regulation of crypto holding is meant to protect the supremacy of the Fiat currency whose supply the central bank can control.
At least in Japan there is no doubt that major corporations can influence policy, in this case for good, and crypto could be allowed as an investment for hedging risk.
Of course, it does not mean all crypto will benefit from capital influx into the industry.
It is obvious that, if corporations were to build a reserve with already established tokens/coins it would add only $BTC $ETH $XRP at most BNB as capitalization is essential for the magnitude of their own investments.
If citizens have more economic freedom to choose the currency they use to pay or demand payment, a considerable number of them will start using crypto, for it is more convenient in many ways. Actually, what any currency needs is to become part of daily economic life not only a "store of value" that must be liquidated at some point for "cash".
Japan Considers Regulatory Changes for Banks Holding Cryptocurrency
According to Foresight News, Japan's Financial Services Agency is exploring regulatory reforms that would permit banks to hold cryptocurrencies like Bitcoin for investment purposes. Additionally, the agency is contemplating allowing banking groups to register cryptocurrency exchanges. This move signals a potential shift in Japan's approach to digital assets, aiming to integrate them more fully into the financial system.
Is not better to buy now at depressed prices? Were you to buy scared up there? If you were convinced to buy when prices were high, why not when they are 20-40% away from the peaks.
Of couse, with the FEAR INDEX at 28 (lower than average "fear")
It is incredible how people is persuaded to buy high and sell low by whoever they follow for tips...
Even the most speculative tokens can be a good option if taken low.
Perhaps, many did not survive to take bargains... That means the depressions will last as long as the liquidity crunch.
P.S why not to keep a part in cash to take advantage of the crises and compensate for what is at risk?
If anyone comes and claims that all cryptos are frauds, you can ask him/her: "How much money did you lose?"
Do not blame the market, but yourself. Nobody forces others to enter positions. People only encourage and persuade others subtly, enticing then to follow their own style or its "agenda" (gain commisions on promotions or referrals).
If your losses between Oct 10-11, exceeded $50 or represented +30% of your portfolio, you might be elegible for this Compensation Program. Platform specific losses were triggered by a depegging of BNSOL and WBETH in response to trading activity aimed to exploit Binance Quotation System. This incident has prompted the shift to Oracles (external/descentralized networks for fetching realtime price data) for instead of an in-house ledger-based prices.
Both BNSOL/WBETH are used as collateral. Therefore, the collateral of many users evaporated in spite $ETH and $SOL prices did not plummeted as strongly to justify a decimation of their prices.
Many events coincided, both Geopolitical and Localized random events.
Binance Launches the $400 Million “Together Initiative” to Support Market Recovery and Restore Confidence
Main TakeawaysBinance has launched the $400 million “Together Initiative” – a program to help users and ecosystem partners recover from recent market volatility and rebuild industry confidence.The plan includes $300 million in USDC for affected users and $100 million in institutional support loans, separate from the $283 million already allocated to compensate users impacted by specific platform issues earlier this week.Guided by Binance’s founding principle – that nothing is as important as users’ trust and confidence – the initiative comes out of our belief that a rising tide lifts all boats.Over the past week, the crypto market has faced one of its sharpest downturns in recent memory, testing user confidence and industry resilience alike. The volatility shook the entire ecosystem as we all felt the impact of macroeconomic pressure far beyond crypto itself.Binance was not immune to the turbulence. As the global leader in digital assets, we naturally face heightened scrutiny, fair or unfair, during times like these. But our priorities have not changed: we exist because of our users, and our first instinct is always to support them.This is why we are launching the “Together Initiative,” a $400 million program aimed at helping users and partners recover from this shock, and helping the industry regain its footing.Two Components, One Purpose1. $300 Million in User SupportTo assist individual traders affected by extreme market swings, Binance will distribute $300 million in USDC payouts ranging from $4 to $6,000 to users who meet the following criteria:Forced liquidation losses between October 10 and 11, 2025 (UTC).At least $50 equivalent in total liquidation losses.Total liquidation losses accounting for at least 30% (loss ratio) of their overall portfolio value, based on a snapshot from October 9, 2025 (UTC).We aim to commence distributing the USDC within 24 hours and complete the distribution to eligible users’ Spot accounts within 96 hours. Please look out for app and email notifications. Due to the heavy workload, there may be delays in the distribution process. We appreciate your understanding and patience.2. $100 Million Institutional Support FundTo help ecosystem participants and institutional clients stabilize operations, Binance will allocate $100 million in low-interest loans. This support will help firms regain liquidity, restart trading, and continue serving their users and partners.Eligible institutional clients and VIP users can apply through their account managers. Binance will process applications swiftly and confidentially.A Separate Effort: the $283 Million Platform CompensationThis initiative is distinct from the $283 million user compensation plan announced earlier, which addressed very specific platform-related issues such as temporary de-pegs and technical delays during extreme market volatility.That earlier compensation reflected our commitment to transparency and direct accountability when issues arise on our side. Together Initiative, on the other hand, is about something broader: standing with our community through a difficult moment for the industry as a whole. Users who have already received compensation under the earlier, platform-related scheme, will not be eligible for the Together Initiative compensation.Guided by PrinciplesWe understand that some may see this initiative as a PR exercise. It is not. Binance has a long history of acting for the benefit of users and the broader crypto ecosystem, from education and security to disaster relief and market stabilization.We do not take responsibility for broader market movements or user losses caused by volatility. But as leaders, we believe in doing what we can to help the tide rise for everyone. A rising tide lifts all boats, and when users, builders, and innovators are supported through a difficult moment, the entire industry grows stronger.We were built by a community, and our success depends on that community’s health and trust. Supporting it in times of need is simply what we do.Final ThoughtsCrypto has weathered many storms. Every time, the community emerges more mature and more resilient – as well as better prepared for whatever storm may come next. The Together Initiative is part of that evolution, a collective step toward restoring confidence and momentum.We thank our users for their trust and patience as we work through this recovery process. Please continue to trade responsibly, manage your positions carefully, and remember that volatility, while inevitable, is part of crypto’s ongoing transformation.Together, we’ll get through this – and build what comes next.Further ReadingBinance Announces The $400 Million “Together Initiative” - An Industry Recovery and Confidence Rebuilding PlanResolution of USDE, BNSOL, and WBETH Price Depeg and Risk Control EnhancementsStatement on Recent Market Volatility and Latest Progress Update on User Protection Measures
No technicals would have predicted the timing or the extend of the decline. Crypto holders react to news 24/7. Stock/Commodities/Forex traders cannot do much on Fridays.
Depegging caused forceful liquidations of $USDE $BNSOL $WBETH position. Binance is working to find and fix the deficiencies that led to the system's erratic behavior and assume responsibility for it by compensating users for undue losses (on a per-case basis).
Binance Announcement
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Update on USDE, BNSOL, and WBETH Price Depeg and Next Steps
This is a general announcement and marketing communication. Products and services referred to here may not be available in your region. Terms and conditions apply. Fellow Binancians, We would like to provide an update regarding a recent issue involving the price depeg of three tokens: USDE, BNSOL, and WBETH. This event resulted in forced liquidations that affected the asset positions of some users. Our team is currently conducting a thorough review of the impacted users, the details surrounding these liquidations, and the appropriate compensation measures. In parallel, we are enhancing our risk management controls to mitigate the risk of similar incidents occurring in the future. We fully recognize the significance of this matter and sincerely appreciate your continued patience and understanding as we work diligently to address it. Thank you for your support! Binance Team 2025-10-11 Trade on-the-go with Binance’s crypto trading app (iOS/Android) Find us on TelegramWhatsAppXFacebookInstagramDiscord Binance reserves the right in its soIe discretion to amend or cancel this announcement at any time and for any reasons without prior notice. Disclaimer and Risk Warning: Digital asset prices are subject to high market risk and price volatility. The information provided does not constitute, in any way, a solicitation or recommendation or inducement to buy or sell the products. The value of your investment may go down or up, and you may not get back the amount invested. Margin trading and Loans carries substantial risk and amplifies both losses and profits. All of your margin balance may be liquidated, if prices move against you. Comments and analysis do not constitute a commitment or guarantee on the part of Binance. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. This product may not be available in certain countries and to certain users. This content is not intended for users/countries to which prohibitions/restrictions apply. For more information, see our Terms of Use and Risk Warning. To learn more about how to protect yourself, visit our Responsible Trading page.
Be it tariff or war, the severity of today's crash (20251010) has nothing to do with politics but the vulnerability of the market to changes in the economic environment.
CRYPTO is the only market that reacts 24/7 to news...
It is Friday. Is it a coincidence that "bad news" were all dumped to the public at once practically at the market close?
Was it really a surprise that the US-China situation worsened? It was never solved. The status quo is often the calm before the storm. China might have issued its notice on changes in trade policy regarding rare-earth metals early, but the "public" reaction of the US (a +100% rate effective from November) to it might have been delayed just after the market close.
I do not claim it is a conspiracy, but the timing has a well known purpose. Officials has a policy of making critical announcements after the market close for the week, so that traders, specially major financial institutions do not react in situ to it, and forcefully cool down the market sentiment.
A common practice, although there could be a tint (or even a spoonful) of [Schadenfreude] involved.
Promoter's Legerdemain (deception/trickery) persuaded many to enter near the top and sell near the bottom, yet people follow tipsters and continue their routine of losing money on the new hot token showing gains of +20-100% on the new listing tab or "advised" by their favorite "market gurus".
I do not care if people only want to hear anything that would give them the excuse to enter a position or to keep it regardless of the context. Most followers only want to know where to enter or exit. Most want to know when they will be saved if already in trouble (i.e they are f..ked up). Is not that shameful to say the least?
Following a person for the sake of finding encourangement and indulgement, or worse yet, condolences and pity, is like paying for love or friendship.
Do you believe most "creators" with followship do give more than encouragement to trade? Do any offer insight? It is in their own interest, and here is nothing wrong as long as they do not pretend to be "advising" people and claiming they care.
If you follow a tip or are convinced by an idea or opinion, do not blame others if you act upon your interpretation of a message. Think: If others do not care about you, why do you care about what they say? Nobody will work for your best interest but yourself.
I perhaps do it to remind myself a better common sense, than that feed to people here in #BinanceSquareFamily . Honestly, was not better to buy back then $BNB or ETH? see the prices today. Compare performances per asset class and the class of token.
Before August, $BANANA and $BANANAS31 were among the top gainers and some even advertised them as ultimate "investments" even though they are just memecoins. Today most are just breaking even, assuming they bought at August Slump.
If you fail, at least do it know that you were assuming the risk intelligently and not gambling.
I imagine this is what is like to hold $BANANAS31 $BANANA today... Specially when ETH/BNB and even $SOL have recovered after the market tumbled early this week, inspite BTC dived down to 109K at some point.
See the 1W chart and mind where the price stands. The 1h shows BANANA-tokens might be breaking out, but the long term trend only shows a continuous decline.
If you actually use the tokens as a developer, low prices means low cost.
Minting usually requires paying fees for storage and registering the metadata in the chosen blockchain.
The cost might be denominated in SOL ETH BNB or other altcoins for specialized services such as tokenization platforms (RWA, e.g $ONDO AVAX), oracles ($LINK PYTH) and storage (ICP FIL $AR ).
If you only hold or buy exactly what you need the risk of drawdowns comes down if used immediately. Otherwise, it will work like DCA (Dollar Cost averaging) in reverse. Conversely, if you refrain from buying at tops and accumulate to cover your operations, you could benefit from the appretiation, plus building a reserve.
People become scared when prices are low, forgetting than when they are too high the cost of fee goes up for non-holders, and as profit taking takes place, it is not until prices comes to a reasonable level that more intelligent and sizable investment enters the market.
Of course, since most developers are also holders, their funds follows the market up/down and consequently cannot spare working capital to take bargains because their drawdowns, which become life-threatening if they used they funds as collateral for procuring loans, and worse yet if it was for trading... For instance: Between March-April, the @Curve Finance was liquidated for over 60M for speculative positions mainly in ETH. ETH was trading below 1600 at the time, a price that is now a bargain. They could not take the bargain, and were forced to close in the worst of moments because they lacked staying power...
If they were more prudent they will not gamble the money and would always keep a reserve of cash for bargains...
I found another plausible cause of the breakdown. Imagine the shock of corporate America after it was annouced they had to pay 1000USD per foreign employee?
MAAM_A1
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Personal opininion? CRYPTO traders might have overestimated the "positive" impact of the interest rate cut. Even if metrics such as CPI/PPI and monetary policy have a directly impact on prices, the effect being anticipated is priced in before they are annouced, right or wrong. I do not believe in Efficient Markets, specially since flooding the public with "Information" makes it more inefficient if people hand pick statistics to validate their own views instead of viewing prices from the economic perspective (i.e not as a trader but as a producer/consumer, which might reveal more meaningful excesses).
20251014 A "Historic event" hit the market the hardest with ~$19B liquidated within 24h on 20251011. The Black Friday of Crypto, its own October Crash....
20251004
What do you think could have been the causes of this downturn? Has not been as severe (yet significant), but in my opinion, all boils down to parasitic and leveraged positions.
There has been $1B worth of liquidations most of it in $BTC $ETH Regardless of the "altcoin" (about which no one is sure whether its coming or already went), BTCDOM recovered in the downturn as usual... ETH is almost 20% from its ATH, $SOL went back to $222 from a local top of $255 in a few days.