Standard Char2026-09-30 08:23:47Standard Chartered Starts Coverage on Ethena, Sees ENA at $2 by End-2028Standard Chartered has initiated research coverage on Ethena, according to a report issued by Geoff Kendrick, the bank’s global head of digital assets research. The report projects that ENA could rise to $2 by the end of 2028. It also describes Ethena as the world’s fourth-largest stablecoin issuer, behind Tether, Circle, and Sky. Standard Chartered said USDe, launched at the end of 2023, became the fastest stablecoin to reach a $10 billion market capitalization. The bank added that yield-bearing stablecoins currently account for about 5% of the broader stablecoin market and said that share is expected to grow as demand for yield increases. On the revenue side, the report said USDe has moved beyond its early dependence on crypto basis trading, which once delivered annualized yields above 20%, and has expanded into real-world assets and equity perpetual futures basis strategies. Standard Chartered also forecast that on-chain RWA could grow from about $40 billion today to $2 trillion by the end of 2028, which it said would support ENA buybacks and price appreciation.160
Binance2026-09-28 10:03:43Binance Stock Trading to Add Five New Names Including BRUN at 21:30 TodayBinance will add five new names to its stock trading lineup at 21:30 on Sept. 28, according to BlockBeats. The newly listed names are Boost Run (BRUN), Greenland Mines (GRML), Octave Intelligence (OCTV), StablecoinX (USDE), and Wise Group (WSE). BlockBeats also said these stocks will become eligible for Fully Paid Securities Lending, or FPSL, after trading and settlement are completed on the T+1 trading day. The update covers both the timing of the new additions and their post-settlement lending eligibility.260
Ethena2026-09-28 05:00:00ENA doubles in 10 days as Ethena ends USDe growth subsidies and brings forward token unlocksEthena has rolled out two major changes around USDe and ENA within days. On Sept. 25, the protocol said it would extend USDe’s basis strategy to Binance’s tokenized stocks and stock perpetuals, adding a new source of hedged yield beyond crypto perpetual funding. Soon after, Ethena said all token incentives and inflation tied to USDe growth will stop at the end of this month. The move comes after those incentives had already fallen about 85% from the level seen after the project’s first airdrop in 2024. The market is also watching a large unlock event scheduled for Oct. 5. Ethena Foundation said in August that all remaining original investor unlocks would be accelerated and completed on that date, roughly 17 months earlier than the prior schedule. Team tokens will continue under the original vesting plan, while one of the largest ENA holders, StablecoinX, will also see lockup and vesting restrictions lifted on the same day, though any sale or transfer still requires prior written approval from the foundation. Against that backdrop, ENA rose from $0.014 on Sept. 16 to around $0.28 within 10 days, putting the token’s rally under closer scrutiny as the unlock approaches.1090
Ethena2026-09-28 04:18:15Ethena ends USDe growth incentives as ENA rally collides with Oct. 5 token unlockEthena has laid out two major changes within days of each other: it is expanding USDe’s basis-trading framework to Binance’s tokenized stocks and stock perpetuals, and it is shutting down all token incentives and inflation tied to USDe growth at the end of September. The moves land as ENA has surged from $0.014 on Sept. 16 to around $0.28, after first pausing near the $0.2 level. The article frames that rally against a broader shift inside Ethena’s model, where crypto funding-rate spreads no longer appear sufficient to support the protocol’s earlier growth profile. The report also points to a large token event on Oct. 5. Ethena Foundation said in August that all remaining original investor unlocks will be accelerated and completed on that date, ending investor lockups earlier than previously scheduled, while team tokens continue under the existing vesting plan. StablecoinX, one of the largest ENA holders with roughly 3.03 billion tokens, or about 20% of total supply, has also received a waiver aligning its lockup release date with Oct. 5, though any sale or transfer would still require written consent from the foundation. That combination of incentive cuts, strategy expansion, and concentrated supply release has become the market’s main focus.310
Ethena2026-09-26 10:16:26ENA hits a 2026 high of $0.28 after Ethena-Binance collaborationCoinGecko said in a post on X that Ethena’s governance token ENA climbed to $0.28, marking a new high for the year, after Ethena partnered with Binance to include stock perpetual contracts as collateral support for its stablecoin USDe. The update points to a broader collateral base for USDe, a move aimed at improving the stablecoin’s stability and supporting its scale. The report did not provide additional pricing details beyond the new yearly high, but it tied the move in ENA to the announcement of the collaboration and the expansion of collateral backing for USDe.220
Ethena2026-09-26 08:20:52Ethena to end all USDe-linked token incentives and inflation by month-endEthena said all token incentives and inflation tied to USDe will end by the close of this month, marking the final phase of a reduction that has already cut such incentives by about 85% since the protocol’s first airdrop in 2024. The project thanked users who participated and helped scale the product to its current size. According to HTX market data cited in the report, ENA led gains among altcoins on Sept. 26 and touched $0.28. The announcement came a day after Ethena said it had partnered with Binance to extend USDe’s basis strategy beyond crypto perpetuals and into stock perpetuals. Under that setup, traders buy bStocks, tokenized stock certificates issued by a Binance affiliate, in the spot market and hedge the position by shorting USDT-denominated stock perpetuals on the same platform. The update links Ethena’s latest incentive decision with a broader expansion of how USDe-related strategies are being deployed.280
ENA2026-09-26 05:09:23ENA jumps 25.6% in 24 hours, touches $0.28 after Ethena-Binance strategy updateENA, the token tied to Ethena, extended its 24-hour gain to 25.6% and reached $0.28, according to market data from HTX cited by BlockBeats on Sept. 26. The price move came a day after Ethena announced a partnership with Binance that expands USDe’s basis strategy beyond crypto perpetuals into stock perpetuals. Under the setup described in the announcement, the strategy involves buying tokenized stock certificates known as bStocks, issued by a Binance affiliate, in the spot market while opening short positions in USDT-denominated stock perpetuals on the same platform. BlockBeats also pointed readers to a separate analysis article examining how Ethena’s connection to U.S. stock perpetual products could affect ENA’s rally. The report did not provide additional price data beyond the 24-hour gain and the $0.28 level cited by HTX.240
Ethena2026-09-26 03:44:10Ethena’s Binance stock-perpetual push lifts ENA narrative, but scale and structure remain constrainedEthena said on Sept. 25 that it is expanding USDe’s basis strategy beyond crypto perpetuals and into stock perpetuals through a partnership with Binance. The setup pairs spot purchases of tokenized stock certificates, known as bStocks, with short positions in USDT-margined stock perpetuals on the same venue. Founder Guy Young described the move as the most important expansion of USDe’s funding mechanism since launch, arguing that equity perpetuals offer higher funding rates, lower correlation with Bitcoin, and a stronger tendency for longs to pay shorts. The rollout framework written by Kairos Research was more restrained. It tied deployable size to order-book depth and warned that the legal and operational structure still carries unresolved issues. Kairos said approval was conditional on a supplemental agreement covering custody, lending restrictions, inventory reconciliation outside the group, audit and upgrade-key controls, and rules for dividends and corporate actions. As of Sept. 25, whether that agreement had been signed had not been disclosed. The report also pointed to a market-structure problem: U.S. equities are closed for roughly 70% of the week while stock perpetuals continue trading. In those hours, Binance’s index is derived from the perpetual order book itself, creating basis and liquidation risk. USDe supply stands at about $4.9 billion, still around $2.6 billion short of the $7.5 billion level tied to the ENA buyback switch.240
