Ethena Foundation: Has Repurchased 83 Million ENA Tokens on the Open Market
On July 27th, the Ethena Foundation stated in a post that from July 22nd to July 25th, its subsidiary initiated a buyback plan by working with a third-party market maker to repurchase 83 million ENA tokens on the open market.
It is worth noting that according to EmberCN's monitoring, on July 21st, after Ethena announced the StablecoinX plan to establish an ENA treasury reserve, an address related to an Ethena project team member began to transfer out ENA. A total of 150 million ENA ($77.35 million) was transferred to Binance and Bybit within 5 days from the announcement until yesterday.
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ZORA Surges Over 86% in 24 Hours, Hits New All-Time High
On July 27th, based on HTX market data, ZORA has seen a surge of 86.2% in the past 24 hours. It is currently trading at $0.08 and reached a peak of above $0.086 at one point, hitting a new all-time high. The current market capitalization is reported to be $282 million.
Binance previously listed ZORA perpetual contracts margined and settled in USDT on July 25th.
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Multiple Locations Issue Risk Warnings to Guard Against 'Stablecoin' Fraud Schemes
July 27th. Since July, financial regulators and industry self-regulatory organizations in many places have successively issued risk warning notices. With the increasing popularity of the stablecoin concept, some criminals have carried out illegal activities under the guise of stablecoins, and their potential risks deserve high vigilance. Financial regulators and industry self-regulatory organizations in many places remind consumers that before engaging in investment and financial management, they must verify the legal qualifications of relevant institutions and products through the official channels of the national financial regulatory authorities and choose licensed and reputable financial institutions. Fully understand the extremely high complexity and volatility of concepts such as "stablecoins" and other digital currencies and innovations, establish a correct concept of money and a rational investment philosophy, and consciously resist and stay away from any form of cryptocurrency
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The U.S. Senate Banking Committee has introduced a discussion draft on the "CLARITY Act," proposing the concept of "Covered Assets."
On July 27th, the U.S. Senate Banking Committee introduced a discussion draft titled the "CLARITY Act" (Market Structure Act). This draft proposed the concept of "Digital Asset" in order to clarify the specific meaning of the digital asset concept and seek clarity on how the U.S. Securities and Exchange Commission (SEC) should regulate digital assets. The draft invited public comments by early August.
Last week, the House of Representatives voted to pass the "CLARITY Act", and it is still awaiting approval by the Senate and submission to President Trump for signature. The White House Crypto Czar stated last week that Trump would continue to support the passage of the "CLARITY Act" and fulfill his campaign commitment to the crypto space. This week, the Senate Banking Committee clarified its focus on the role of the SEC in crypto market regulation. Rashan Colbert, the U.S. Policy Director of the Crypto Council for Innovation, stated that the legislative process in the Senate may differ
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Survey: US Investors' Cryptocurrency Holdings Surge 8-Fold in 2018, But Still Viewed as a "High-Risk" Asset
July 27th. According to a report by CoinDesk, a Gallup survey indicated that merely 14% of U.S. adults possess cryptocurrency. Sixty percent of the respondents declared that they had no interest in purchasing it. Only 4% of the respondents intended to make a purchase in the near future. The survey exposed demographic disparities. Young men and individuals with high incomes were more inclined to own cryptocurrency, while women, the elderly, and low-income households were underrepresented in this field. Despite the growing acceptance, the majority of Americans still regarded cryptocurrency as a speculative investment. Sixty-four percent of U.S. investors considered it "very risky."
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A certain solo miner successfully mined Block 907,283, earning 3.173 BTC as a reward.
On July 27th, based on mempool data, this morning an individual Bitcoin miner managed to mine Block 907,283 through the Solo CK Pool. The miner received 3.173 BTC as the block reward, which is approximately worth $374,000.
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