‍Ethena’s USDe Market Cap Halves Amidst Market Turmoil Ethena’s synthetic stablecoin, USDe, has seen its market capitalization plummet from a peak of $14.7 billion to approximately $6.4 billion, a decline of nearly 50%. This sharp contraction follows a significant market downturn on October 10, which saw over $19 billion in crypto positions liquidated and the overall market cap drop by 30%. During the volatility, USDe briefly de-pegged to $0.65, attributed by Ethena Labs founder Guy Young to exchange oracle issues rather than protocol failure. While the stablecoin has since recovered its peg, the massive capital exit highlights the sensitivity of synthetic stablecoins to market conditions.
Cryptovka
Ethena’s USDe Market Cap Plummets to $6.4 Billion After Major Sell-Off
The market capitalization of Ethena’s synthetic stablecoin, USDe, has experienced a sharp contraction following a period of intense volatility in...
‍Ethereum Dominates Wall Street in 2025: Institutional Adoption Surges The year 2025 has seen Ethereum transition from a developer focus to the core infrastructure for global finance. Major financial institutions and regulatory shifts in the US have solidified its position for tokenized assets and enterprise solutions. The GENIUS Act, passed in July 2024, provided regulatory clarity, catalyzing blockchain adoption. Key trends include businesses moving onto blockchains, widespread use of Layer-2 solutions, and Ethereum's preference as a business platform. Notable developments include Base becoming an institutional hub, Fidelity & SWIFT using Ethereum for asset tokenization, and Robinhood launching its L2 network. Global players like Ant Group, Upbit, and Amundi are also utilizing Ethereum-based infrastructure. The Ethereum Foundation has also shifted its strategy, engaging more actively with institutions through targeted events and dedicated business development teams. The network is also positioning itself as the settlement layer for the AI agent economy. Ethereum's success lies in its efficiency, reduced counterparty risk, and transparency, establishing it as a backbone of the global financial system.
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Ethereum Conquers Wall Street: Institutional Adoption Surges in 2025
The year 2025 has marked a definitive turning point for the Ethereum (ETH) ecosystem, as the network transitioned from a developer-centric "ivory t...
‍Libere Secures 2nd Place at Indonesia’s Infinity Hackathon Web3 infrastructure provider Libere achieved second place at the Infinity Hackathon, organized by Indonesia's Ministry of Creative Economy and the Financial Services Authority (OJK). This award highlights the project's innovative approach to digital book distribution and its potential to modernize public digital services via blockchain. Libere is developing an on-chain public library system using NFTs for digital ownership and transparent royalty payments. The platform aims to combat piracy and improve access to educational resources. The project has garnered interest from partners like the Bandung City Government and Institut Teknologi Bandung for pilot initiatives. Libere's participation in Protocol Camp, an elite builder program, further accelerates its growth.
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Libere Secures 2nd Place at Indonesia’s Infinity Hackathon
The Web3 infrastructure provider Libere has achieved a significant milestone by securing second place at the Infinity Hackathon, an event organized...
‍Jumper Exchange Launches Intent-Based Routing for Simplified Cross-Chain DeFi Jumper Exchange has introduced an intent-based cross-chain execution model to enhance the DeFi user experience. This system uses advanced routing to simplify multi-network interactions, aiming to provide users with a single "best route" and eliminate manual bridge selection. The new approach addresses fragmented liquidity and execution risks by abstracting underlying complexity, reducing errors, consolidating multi-step workflows into single transactions, and evaluating numerous liquidity sources. This aligns with the industry's move toward "chain abstraction," where the blockchain used is less important than the transaction's outcome. Users can now express their desired end-state, and the system will automatically find the most efficient path, integrating DEXs and bridges. "Users want the destination and the result, not the complexity in between," stated Jordan Neary, Marketing Lead at Jumper Exchange. "Our focus is on routing quality and a simple interface that lets people execute cross-chain intentions quickly and confidently."
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Jumper Exchange Launches Intent-Based Routing to Simplify Cross-Chain DeFi
On December 23, 2025, Jumper Exchange announced the implementation of an intent-based cross-chain execution model designed to streamline the decent...