Ethena is targeting the $120 trillion Wall Street stock market to hunt yields 5x higher than Bitcoin

Ethena is expanding USDe into equity perpetual-basis trades, targeting funding yields more than five times higher than Bitcoin’s as the synthetic dollar looks to recover from its 2026 contraction. On Aug. 28, Ethena revealed plans to extend the basis strategy behind USDe into equity perpetual futures, where open…
Coins in this story
Discussion
Related stories

Fed Chair Kevin Warsh triggers a $488 million crypto liquidation cascade as rate-hike expectations rise
Bitcoin fell below $77,000 Friday after Fed Chair Kevin Warsh revived the threat of higher interest rates at Jackson Hole. Data from CryptoSlate shows the largest cryptocurrency dropped to as low as $76,909 before recovering to $77,712 as of press time, down about 4% over the previous 24 hours. The retreat accelerated…

Bitcoin Rally Stalls, But Long-Term Sentiment Remains Bullish
BTC gave back some of its gains after Fed Chair Kevin Warsh talked tough on inflation, but prediction market traders are still leaning bullish.

After selling all its Bitcoin to pay off debt, AI firm tries to rebuild $827 million treasury from scratch
The proposed preferred raise covers 1.51% of the target before AI allocations and an 18-month dividend reserve. The post After selling all its Bitcoin to pay off debt, AI firm tries to rebuild $827 million treasury from scratch appeared first on CryptoSlate.