Ethena Partners With Binance to Back USDe With a Tokenized Stock Basis Trade
🚀 Ethena (ENA) has partnered with Binance to back its USDe stablecoin using a basis trade involving tokenized stocks, expanding its collateral options significantly.
📈 The protocol aims to leverage equity perpetuals, with the potential market opportunity exceeding $15 billion, building on its previous success in crypto perpetuals.
💹 Ethena's ENA token saw a 12% increase, trading at $0.24, as the partnership po...
I'm shorting $ETH , here is why:
VAH weekly resistance in play, bear div RSI daily, weekly SSB rejection highly possible. 🚨
Ethereum showing signs of exhaustion, 2800 - 2850 could be a top.
Lower demand zones I'm watching before potential new leg up: 2400 - 2250 and 2200.
If Etherum start to reverse, market could also correct with. Adapt your risk & strategy.
NFA
#ETH #Ethereum