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  • 02:00
    A certain whale address has purchased 25.56 million ENA in the past 4 days and is still continuing to buy.
    According to Jinse Finance, OnchainLens monitoring shows that in the past four days, a certain whale address has deposited 13.12 million USDC into HyperLiquid to accumulate ENA in the spot market. So far, this whale has purchased 25.56 million ENA at a cost of 7.25 million US dollars and still holds 5.78 million USDC, with buying activity ongoing.
  • 01:11
    Terminal Finance: Project shuts down due to delays in the Converge chain, protocol codebase to be open-sourced later
    ChainCatcher news, DEX Terminal Finance, incubated by Ethena, posted on social media that Terminal was originally designed to become the liquidity hub on the Converge chain. However, since the Converge chain mainnet failed to launch as scheduled and there are currently no plans for its launch, the project will be terminated. User funds are not affected in any way, and all user principal can be fully withdrawn. Existing Pendle position holders will continue to receive their entitled Ethena Sats rewards, associated sUSDe earnings, and etherfi points. The official statement said that the team explored various transformation plans, but all faced fundamental obstacles, including limited ecosystem support, insufficient asset integration potential, and bleak long-term development prospects. Ultimately, the team determined that none of these paths could lead to a successful long-term project, and launching for the sake of launching would go against their core principles. Maintaining integrity is the top priority.
  • 01:02
    Cathie Wood remains optimistic about bitcoin's $1.5 million price target
    Jinse Finance reported that Cathie Wood, CEO and CIO of ARK Invest, stated that the company's bullish price prediction for bitcoin at $1.5 million remains unchanged. She pointed out that since the end of the U.S. government shutdown, $70 billion has flowed back into the market, and with the normalization of the Treasury General Account, an additional $300 billion is expected to return over the next five to six weeks.
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