ETH #BTC #GENIUSAct #Ethena #CryptoNews #BinanceSquare #DeFi
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🚀 Ether Rallies 6% Against Bitcoin as GENIUS Act Targets Yield-Bearing Stablecoins
Ethereum just flipped the switch! 🔥 Ether ($ETH ) pumped 6% vs. Bitcoin ($BTC ) as U.S. lawmakers move closer to passing the GENIUS Act—a bill that could ban stablecoins offering yield.
Here’s the twist: Analysts say this could boost Ethereum’s relevance in crypto. Why? One word: Ethena.
Ethena’s $USDe—built on Ethereum—uses fancy futures tricks to generate yield 📈. But if yield-bearing stablecoins get axed in the U.S., projects like Ethena (based in Portugal 🇵🇹) might dominate from abroad.
👀 Quick hits:
ETH/BTC ratio just hit 0.0267, best since May
ETH price crossed $3,100
Ethena raked in $300M revenue in 12 months
$ENA token still rallying, despite U.S. risk
Markus Thielen from 10x Research says hedge funds are already jumping into ETH funding trades, and Ethereum ETFs could see inflows next.
So yeah, the GENIUS Act might shake things up... but ETH? It’s thriving.
🧠 Regulation or not, the ETH ecosystem finds a way.
#ETH #BTC #GENIUSAct #Ethena #CryptoNews #BinanceSquare #DeFi
Here’s the twist: Analysts say this could boost Ethereum’s relevance in crypto. Why? One word: Ethena.
Ethena’s $USDe—built on Ethereum—uses fancy futures tricks to generate yield 📈. But if yield-bearing stablecoins get axed in the U.S., projects like Ethena (based in Portugal 🇵🇹) might dominate from abroad.
👀 Quick hits:
ETH/BTC ratio just hit 0.0267, best since May
ETH price crossed $3,100
Ethena raked in $300M revenue in 12 months
$ENA token still rallying, despite U.S. risk
Markus Thielen from 10x Research says hedge funds are already jumping into ETH funding trades, and Ethereum ETFs could see inflows next.
So yeah, the GENIUS Act might shake things up... but ETH? It’s thriving.
🧠 Regulation or not, the ETH ecosystem finds a way.
#ETH #BTC #GENIUSAct #Ethena #CryptoNews #BinanceSquare #DeFi
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