ChainCatcher news, encryption analyst Ericonomic posted on social media that, based on on-chain information, Ethena has purchased a token ticker named "USDe" on Hyperliquid, and may integrate its stablecoin USDe into the Hyperliquid network. Analysis shows that the wallet purchasing USDe, "0x4758...d605," has funds traceable to the Ethena deployer (EOA), further validating the connection to the Ethena team.In addition, Ethena recently sent funds to Hyperliquid and set up 4 to 8 multi-signature wallets, indicating that it may be preparing for deployment. A related proposal was submitted to the Ethena governance forum last October, but the official team has not disclosed any progress until now. Ethena may be waiting for the launch of interoperability features between HyperEVM and HyperCore before formally deploying USDe.

ChainCatcher news, according to Defillama data, Ethena's revenue in the past 24 hours has risen to 3.28 million USD, surpassing a number of protocols and public chains such as PancakeSwap, Jupiter, Meteora, and Tron, temporarily ranking third on the crypto revenue leaderboard.Tether and Circle rank first and second with 18.31 million USD and 6.12 million USD in 24-hour revenue, respectively.

ChainCatcher news, according to @ai_9684xtpa's monitoring, since the Bybit theft incident, the derivative hedging position of Ethena USDe on Bybit has decreased from 21% to 14%, with the share of ETH hedging positions dropping by 65%, the most significant decline.In the past 24 hours, Ethena associated addresses have withdrawn 22.64 million USDe from Bybit.

ChainCatcher news, according to Spot On Chain monitoring, two wallets associated with Ethena Labs deposited 29.87 million ENA (11.52 million USD) to Binance in the past hour at a price of approximately 0.386 USD.It is worth noting that both wallets received ENA from Ethena Labs' multi-signature wallet on July 20, 2024, when the price was 0.487 USD. Currently, one of the wallets still holds 53.6 million ENA (worth 20.2 million USD).

ChainCatcher news, according to Dune data, the Ethena stablecoin USDe experienced its largest single-day redemption ever on March 1, totaling $268 million, which reduced the circulating supply of USDe by approximately 4.7%.Data shows that this redemption activity was primarily driven by two large holders: address 0x59...705d redeemed about 180 million USDe, while Sky redeemed about 70 million USDe.

ChainCatcher message, according to official news, MEXC Ventures made a strategic investment of $16 million in Ethena.In addition, MEXC invested $20 million to promote the development of the USDe stablecoin, while launching a $1 million reward program.

ChainCatcher news, according to the official announcement, Bithumb will launch the Ethena (ENA) KRW trading pair, with trading expected to start on February 25, 2025 (Tuesday) at 06:00 PM local time.

ChainCatcher message, Ethena Labs founder @leptokurtic_ posted on platform X: "Ethena handled the largest single-day redemption and closed all unrealized risk exposure at the first moment of the news outbreak. In any case, at its peak, the unrealized risk exposure was always just a small part of the USDe excess reserves.Although Bybit, as the world's second-largest derivatives exchange, represents over 20% of the hedging exposure, USDe has never experienced an undervalued deposit situation. Even if the unrealized risk exposure does not drop to zero within hours, this exposure could be completely lost, while USDe would still be over-collateralized. We hope this incident can validate some design decisions made to reduce user risk with the OES custodial solution. The simple design approach is to avoid costs and the increased engineering complexity of custodians in the off-chain hedging system, and Ethena Labs has not encountered any support losses or redemption request issues."

ChainCatcher news, according to Onchain Lens monitoring, Arthur Hayes unstaked 7.95 million ENA from Ethena, worth approximately 6.54 million USD. Subsequently, he transferred 7.9 million ENA (about 6.46 million USD) to Binance and Bybit, and moved 125,826 ENA (approximately 102.7 thousand USD) to other wallets.This operation is expected to bring him a profit of about 5.42 million USD.

ChainCatcher news, according to Protos, the Aave governance forum recently proposed to peg Ethena's USDe to USDT at a 1:1 ratio, raising concerns in the community about potential conflicts of interest. The proposal suggests replacing the current Chainlink USDe/USD oracle with the USDT price to avoid bad debt caused by liquidations.It is worth noting that the two authors of the proposal, ChaosLabs and LlamaRisk, have previously collaborated with Ethena. MakerDAO community member ImperiumPaper expressed concerns, stating that this is similar to "a real estate agent representing both the buyer and the seller."Critics point out that USDT is fully backed by off-chain assets, while USDe relies on a delta-neutral strategy of ETH long and short positions, facing the risk of negative funding rates when market sentiment shifts. Meanwhile, Ethena founder Guy Young denied any conflict of interest, emphasizing that the company has established a risk committee to ensure external oversight of product management.

ChainCatcher news, Ethena Labs' growth head Seraphim announced his resignation on the X platform.Seraphim stated that during his tenure, he led the protocol from seed round to a scale of $6 billion and facilitated over $1 billion in DeFi collaborations. He mentioned that he will continue to support the team from the sidelines but plans to take a break for 1-2 months before shifting his focus to new fields such as artificial intelligence, SocialFi, and fashion.Seraphim emphasized his continued optimism about Ethena's prospects, but after years of relentless work in DeFi, he hopes to seek new breakthroughs in areas like art and fashion.

ChainCatcher news, according to Onchain Lens monitoring, in the past hour, a whale withdrew 9 million ENA worth 9.77 million USD from Binance and staked it to Ethena.The whale has staked a total of 15.69 million ENA on Ethena, currently valued at 16.94 million USD.

ChainCatcher news, the Trump family's DeFi project World Liberty Financial announced a partnership with Ethena Labs. Both parties are seeking a long-term collaboration, starting with Ethena's yield token sUSDe.If sUSDe is not approved as a collateral asset, WLFI and Ethena will continue to explore collaboration opportunities and fully seek integration points.

ChainCatcher news, according to official sources, Usual has reached a partnership with Ethena Labs, and Ethena Labs' newly launched stablecoin USDtb will become the main collateral asset for Usual's stablecoin USD0.As part of this collaboration, Usual will also launch the sUSDe treasury for USD0++ holders, allowing Usual users to earn sUSDe APY, Ethena rewards, and additional USUAL rewards.

ChainCatcher news, according to data from the DeFilama platform, as of December 17, Ethena's TVL has surpassed 6 billion USD, setting a new historical high. Among them, the supply of USDe reached 5.933 billion tokens, and the supply of USDtb reached 70.42 million tokens.

ChainCatcher news, the new stablecoin USDtb launched by the stablecoin protocol Ethena Labs achieved a TVL of 65.4 million USD on its first day. Ethena Labs stated in an announcement on December 16: "Ethena is able to close the hedging positions of USDe and reallocate its supporting assets to USDtb to further reduce associated risks."José Maria Macedo, one of the founders of blockchain development company Delphi Labs, predicts that USDtb will become the largest tokenized treasury product within a month of its launch. Ethena's growth director Seraphim Czecker mentioned that the scale of USDtb could potentially expand to 100 billion USD.Previous news, according to official news, Ethena Labs announced the launch of the new stablecoin product USDtb supported by BlackRock BUIDL. USDtb has the same characteristics as existing fiat-backed stablecoins like USDC or USDT, utilizing cash or cash-equivalent reserves to support a 1:1 ratio.

ChainCatcher news, according to data from the Ethena official website, as of December 13, the stablecoin protocol Ethena's reserve fund has surpassed 50 million dollars, reaching 50.19 million dollars.In addition, the supply of USDe has exceeded 5.7 billion, currently approximately 5.724 billion, with a growth of 15.76% over the past 7 days.