$ENA - Positive news drove the market: On August 5, Ethena Labs officially announced the integration of Coinbase Pay, allowing users to mint USDe directly with fiat currency, resulting in a 37% surge in on-chain USDe minting that day. On August 6, leaked internal documents from Coinbase showed that institutions like ARK Invest were testing USDe as underlying collateral, leading to a heightened market expectation for 'institutional-grade stablecoins'. On August 8, the lending protocol Folks Finance announced that 40% of its treasury assets would be staked in Ethena and launched the 'ENA single-coin staking pool', with APY soaring to 28%, triggering market attention and capital inflow due to a series of positive news.