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The S&P 500 rose 0.72% on Tuesday, turning positive for the year, driven by tech gains and boosted investor sentiment from easing U.S.-China trade tensions and softer inflation data. Gold edged up to $3,250 on softer U.S. inflation, but gains were limited by strong Treasury yields and risk appetite. The Coindesk Indices, which tracks the broader crypto market, rose 5.43%, with Bitcoin and Ether up 2.97% and 8.17%, in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this link.
Today's top performer is ENA, which rose 19.0% after Ethena enhanced its Aave integration by raising USDe caps and boosting yields.
Ethena (ENA), founded in July 2023, is a DeFi protocol offering USDe, a synthetic dollar backed by staked ETH and delta hedging. It avoids traditional banking and quickly became the top-earning DeFi protocol, with over $2B in supply and high yields. Ethena expands its Aave integration with USDtb listing, USDe’s supply cap raised to ~$1B, and E-Mode enabled up to 90% LTV. sUSDe caps rise to $1.5B with ~8% APY, and PT yields reach 10%+. New risk measures aim to push Aave usage further.
LAUNCHCOIN, the token for the SocialFi platform Believe, surged 500% to an all-time high of $0.093, reaching a market cap of over $81 million. The rally followed increased trading activity and excitement around ecosystem growth, including the launch of the game "Noodle" by Alex Leiman. The token, previously named PASTERNAK, is expected to become Believe's official native token. Believe is positioning itself as a decentralized alternative to traditional venture capital, allowing users to create tokens through social interactions on X.
Category | Flow (millions) |
GBTC | 0.0 |
Non-GBTC | (91.4) |
Total | (91.4) |
Yesterday, Bitcoin spot ETFs saw $91.4 million in net outflows, all from non-GBTC funds, while GBTC recorded no flows.
Aztec, a privacy-focused Ethereum Layer 2 using zero-knowledge proofs, has launched its Public Sequencer Node on testnet. Users can run a node via EasyNode (cost: ~$35) without technical skills and claim roles like Apprentice and Guardian, which may qualify them for a future airdrop. Aztec has raised $119.1M from top investors.