News linked to both this project and an event.
According to The Block, Ethena Labs will allocate $250 million to Securitize’s tokenized AAA-rated CLO fund STAC, which has already launched on Solana. STAC—launched by Securitize in partnership with BNY—invests in U.S. dollar-denominated AAA-rated collateralized loan obligations (CLOs) targeting the structured credit market.
According to The Block, Coinbase Ventures announced its investment in Ethena by purchasing ENA tokens on the public market. The two parties also announced a strategic partnership to jointly expand onchain financial and savings products. According to Guy Young, Ethena’s founder, the integration will go live next week, marking the first time Ethena’s products will be made available to Coinbase’s over 100 million users. Additionally, the collaboration involves Circle’s USDC stablecoin, though specific details of this cooperation have not yet been disclosed.
Coinbase Ventures stated it has invested in Ethena by purchasing ENA tokens on the open market. Following the announcement, ENA rose approximately 6% over the past 24 hours.Ethena said the two parties will collaborate to advance on-chain finance and savings products. Coinbase also mentioned that they will establish closer cooperation, which involves Circle's stablecoin USDC.Ethena founder Guy Young stated that Ethena's products will be integrated with Coinbase's user base of over 100 million for the first time next week, to support its dollar savings products. The market is watching how the two parties will subsequently collaborate around USDC and Ethena's synthetic dollar, USDe. This move also comes as the US "Clarity Act" remains deadlocked in the legislative process. The bill concerns whether platforms like Coinbase can offer users rewards for holding stablecoins, while banking lobbying groups have consistently opposed similar stablecoin yield arrangements.
According to an official announcement, an additional $50 million in USDG lending capacity is now live on the Ethena market. Leverage USDe Multiply positions on Kamino are currently generating over 25% APY, and the newly available liquidity will support further looping demand on Solana.
Ethena has announced the launch of a USDe-exclusive market on Jupiter Lend. This market is fully independent from the existing Jupiter Lend deployment, with Bitwise responsible for on-chain asset management and risk supervision, and it supports institutional participation.Users can now deposit USDe, borrow, and execute leveraged USDe strategies on Jupiter Lend. Additionally, USDe can be bridged to the Solana network via Stargate Finance.
: According to an official announcement, Binance will update the collateral ratio and tiered collateral ratio for assets such as UNI, ENA, RAY, APE, and ZEC under the Portfolio Margin at 06:00 UTC on May 15, 2026. Additionally, at 06:30 UTC on May 15, 2026, Binance Futures will adjust the leverage and margin tiers for several USDⓈ-M perpetual contracts, including NAORISUSDT, ARCUSDT, and MUSDT. Existing positions will be affected, and users need to make adjustments in advance.
Linda Jeng, Chief Legal and Policy Officer at Aave Labs, stated during Consensus Miami 2026 that Aave's previous risk framework overly focused on financial risks and price volatility. Looking ahead, the protocol will incorporate assessments of cross-chain interoperability, cybersecurity vulnerabilities, and underlying asset architecture.This reform directly stems from the rsETH incident that occurred in April. At that time, an attacker exploited a vulnerability in the KelpDAO cross-chain bridge to mint approximately 116,500 unbacked rsETH (valued at around $293 million), deposited it as collateral into Aave, and borrowed real WETH, leading to significant bad debt risks for the protocol.Jeng revealed that Aave will also release a formal "listing standards handbook" for asset issuers in the future, and will begin evaluating the correlation between DeFi protocols from a systemic risk perspective, rather than analyzing individual pools in isolation.Additionally, a "DeFi United" bailout plan involving Lido Finance, EtherFi, Ethena, and others has been launched to cover collateral shortfalls and prevent further proliferation of bad debt. (CoinDesk)
Ethena officially released an arbitrage analysis on the perpetual contract market for gold tokens (PAXG, XAUT) on X. Data shows that over the past twelve months, the annualized funding rate for PAXG was 5.8%, and for XAUT it was 12.4%, both significantly higher than the average levels for BTC and ETH over the same period (5.2% and 4.1%, respectively). The daily volatility of gold funding rates is higher than that of cryptocurrencies, due to the smaller trading volume in the gold market. However, gold funding rates are positive 82% to 89% of the time, which is generally consistent with BTC (88%) and ETH (85%).Furthermore, Ethena stated that the funding rates for gold and cryptocurrencies are almost uncorrelated; when cryptocurrency funding rates are compressed, gold funding rates tend to remain stable or rise. Therefore, incorporating gold perpetual contracts into a spot-futures arbitrage portfolio (holding both spot positions and equivalent short positions) will improve yield levels and reduce yield volatility.
According to the official announcement, Binance will delist and cease trading for the following spot trading pairs on May 8, 2026, at 03:00 UTC: AVA/BTC, BCH/BNB, CFX/BTC, ENA/BTC, HBAR/FDUSD, LA/BNB, MAGIC/BTC, OP/BTC, PUNDIX/USDC, STEEM/ETH, WIN/TRX, and XPL/FDUSD. At that time, Binance will also terminate its Spot Trading Bot service for these trading pairs. Users must update or cancel their bots before the service discontinuation to avoid potential losses. Delisting these trading pairs does not affect the availability of the corresponding tokens in other trading pairs on Binance.
Ethena officially announced that the LayerZero cross-chain bridge functionality for sUSDe and USDe has been fully restored across all chains. To enhance security, Ethena has upgraded the Decentralized Verification Network (DVN) configuration on each chain from 2/2 to 4/4, while maintaining the existing rate limit of $10 million per hour. The official team stated that further updates will be provided as needed.
According to an official post on Ethena’s X account, due to the absence of a satisfactory root-cause analysis regarding the rsETH incident, Ethena has decided to extend the suspension period for its LayerZero OFT cross-chain bridge. Meanwhile, Ethena released its latest Proof of Reserves, independently verified by four third-party entities—Chainlink, Chaos Labs, LlamaRisk, and Harris & Trotter—confirming that USDe’s collateral coverage ratio remains above 100%. The verification results have been published on Ethena’s Transparency Page and Data Dashboard. Ethena stated it will continue monitoring the situation and provide updates as they become available.
According to an official announcement, Singapore Gulf Bank (SGB) launched stablecoin minting and redemption services on April 17. Enterprises and high-net-worth individuals can now directly convert between fiat currency and stablecoins via their SGB accounts, enabling 24/7 instant settlement without relying on traditional correspondent banking processes. This service is integrated into SGB’s proprietary clearing network, SGB Net, supporting seamless on-chain and off-chain fund flows. USDC is the first stablecoin supported, with a minimum transaction amount of USD 100,000; support for USDT, USDe (Ethena), and Global Dollar (USDG) will be rolled out subsequently.
According to a post on Grayscale’s official website, the firm has updated its list of cryptocurrencies under consideration for future investment products. Per the latest list, the “Currencies” category includes Bitcoin and XRP; the “Smart Contract Platforms” category now adds Stacks, Sui, Toncoin, and Tron; the “Financials” category includes assets under consideration such as Ethena, Hyperliquid, and Jupiter; the “Consumer & Culture” category features Dogecoin and Decentraland; the “AI” category includes Worldcoin, Virtuals Protocol, Story, and Grass; and the “Utilities & Services” category comprises Chainlink, LayerZero, and Helium. Grayscale stated that this list is reviewed quarterly to provide investors with diversified digital asset investment options.