ENA jumps 18% as Ethena expands stock trading strategy via Binance
- —ENA rose from $0.20 to nearly $0.24, up about 18% on the day
- —The token is up roughly 40% over the past week
- —Ethena is extending its USDe yield strategy to equities via Binance
- —New revenue accrues to the project, not automatically to ENA holders
Why it matters: Broadening USDe's revenue sources strengthens the stablecoin, but ENA holders do not directly capture the new income.
Source: Crypto Insiders