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Ethena (ENA) has breached $0.55 after 130% rally fueled by $360M SPAC deal to form StablecoinX treasury company. StablecoinX is expected to list on Nasdaq, focusing on long-term ENA buybacks. A hold above $0.55 brings $0.91–$1.52 target in view, with a pullback risk to $0.20 on the contrary. Ethena (ENA) is in the spotlight due to a remarkable price rally amid a game-changing SPAC deal that could redefine the altcoin’s long-term trajectory. With the announcement of a $360 million treasury […]

Citadel Securities has urged the US SEC to proceed more slowly on allowing tokenized securities. The firm warns that a rushed approach could lead to investor confusion and “self-serving regulatory arbitrage.” Citadel argues tokenization should advance through a formal rule-making process, not ad-hoc measures. Citadel Securities, one of the world’s most influential market-making firms, is calling on the US Securities and Exchange Commission (SEC) to adopt a more cautious and deliberate approach to the burgeoning field of “tokenized” securities. The […]

Key takeaways Solana is the best performer among the top 10 cryptocurrencies by market cap, up 7% in the last 24 hours. The coin could rally towards $300 soon after breaking out above $200. SOL leads market charge The cryptocurrency market rallied over the weekend but has underperformed over the last 24 hours. BTC and ETH are down by less than 1% respectively, while XRP has also stagnated after hitting the $3.6 high a few days ago. Solana’s SOL has […]