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Ethena Labs has provided an update confirming that its unrealized PNL exposure to the hacked crypto exchange Bybit is now zero. The update follows an earlier post in which the Ethereum-based synthetic dollar protocol reassured users that its USDe stablecoin had minimal exposure to the incident. Previously, the Ethena (ENA) team stated that PNL exposure … Read more
Seraphim Czecker, the head of growth at Ethena, has announced he is stepping down. Czecker shared the “big personal news” in a post on X, revealing that his exit as head of growth at the synthetic dollar protocol comes after an incredible journey that has seen the project grow into one of decentralized finance ecosystem’s … Read more
Ethena erased some of the gains made on Friday, Dec. 12, after on-chain data showed that Arthur Hayes was selling. Ethena (ENA) token retreated to $1.10, down from an intraday high of $1.2240. It has dropped by over 16% from its highest level this month. Data by Nansen shows that Hayes, the co-founder and former … Read more
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