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Ethena’s Market Cap Surpasses $2.3 Billion, However Risks Identified
Ethena is a synthetic dollar protocol on Ethereum that issues the stablecoin USDe. The asset aims to be a censorship-resistant and scalable form of digital money pegged to the US dollar. On April 16, on-chain analytics firm CryptoQuant took a deep dive into the Ethena ecosystem revealing risks with the latest stablecoin, which has seen…
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Bitcoin Traders Decrease Risks Before Halving: CryptoQuant
Bitcoin’s drop to $61,000 during the weekend was a result of traders reducing their exposure to the digital asset ahead of the halving scheduled for April 20, as per the latest CryptoQuant weekly report. Analysts noted that traders closed their long positions to lock in profits, leading to a dominance of sell orders over buy…