BaFin has ordered a 42-day USDe redemption, ending Ethena GmbH operations. ENA price is struggling to hold the support near $0.26 amid consolidation. A break above $0.2700 could trigger short-term upside targets, while a break below could trigger a further decline. The price of Ethena (ENA) is under pressure as traders digest a major regulatory move by BaFin, Germany’s financial regulator, which has ordered the shutdown of Ethena GmbH and introduced a 42-day redemption window for USDe stablecoin holders in […]
