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$SOL Check out my latest trade. Let's see if you can top it!
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$ENA Ethena’s synthetic dollar stablecoin, USDe, has seen impressive market growth in recent weeks. Its market cap now stands at $9.3 billion. Over the past month alone, it increased by 75%, with a weekly jump of 24%. USDe Growth Signals Strong Investor Appetite Since July 18, yield-bearing stablecoin USDe has recorded the largest rise in supply among all major competitors, adding approximately $2.73 billion, according to data from Artemis. This growth surpasses even Tether (USDT), which saw a $2.47 billion rise, and First Digital’s USDS, which increased by around $1 billion. Other stablecoins like USD Falcon and PayPal’s PYUSD also saw moderate gains, while USDC recorded the largest decline in supply, dropping by nearly $800 million. This rise aligns with renewed attention on Ethena following the July 21 launch of Stablecoin X, a long-term treasury arm designed to allocate capital across the ecosystem. When the move was announced, Stablecoin X pledged to purchase $260 million worth of ENA, which is approximately 8% of the supply.
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#BTCReserveStrategy Coinbase CEO Brian Armstrong has called for governments worldwide to establish strategic Bitcoin reserves, arguing that cryptocurrencies represent "the next chapter of capitalism." This comes as several nations consider adding Bitcoin to their national reserves as a hedge against inflation and currency devaluation. 💬What percentage of foreign reserves do you think should be allocated to BTC, and what government safeguards would you want in place to manage the volatility? 👉 Complete daily tasks on Task Center to
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$CFX Conflux (CFX): The Chinese Blockchain That Breaks Barriers CFX is the native token of Conflux Network, the only regulated public blockchain in China that combines Proof-of-Work (PoW) and Proof-of-Stake (PoS) to achieve high scalability (~3000 TPS) without sacrificing decentralization. Its Tree-Graph technology optimizes consensus, reducing energy costs. 🔹 Key Uses: - Payment of gas fees: To execute smart contracts. - Governance: Vote on network decisions. - Staking: Generate passive rewards. 🌏 Strategic Advantage: Being allied with the Chinese government, Conflux promotes real use cases (CBDCs, institutional DeFi).
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