ENA Surges Over 19% in 24 Hours, Reaches a Market Cap of $1.387 Billion

BlockBeats News, August 22nd, according to HTX market data, ENA surged over 19% in the past 24 hours, now trading at $0.1409, with a market cap of $1.387 billion.

On the news front, on August 11th, Arthur Hayes published an article publicly optimistic about ENA, believing that if the increase in USD liquidity drives BTC up, the resurgence of the Bitcoin basis trade may attract funds back into USDe, stating that ENA could potentially see a 5x increase in the coming months.

On August 13th, USDe issuer Ethena announced that it has partnered with the digital asset prime broker FalconX to become its institutional lending partner. Ethena will invest in FalconX's global stablecoin lending facility in an overcollateralized manner as part of its institutional lending allocation.