Latest Crypto News & Market Updates

‘Make tokens great again!’ — ENA hits yearly high after Ethena makes 4 changes

The Ethena Foundation has announced four ecosystem updates that analysts have billed as extremely bullish and long overdue.　　First of all, the Foundation said it has bought all the locked tokens from some major seed investors that had sold $ENA in the last nine months. Additionally, monthly VC overhang has ended, scrapping off one major bearish factor for $ENA in the past.　　However, team tokens will remain locked as per earlier plans.　　The Ethena Foundation and lead investors have agreed to eliminate future overhang associated with monthly VC investor unlocks by releasing unvested tokens.　　In 2024, Ethena raised over $180M by selling 315 million $ENA tokens. This came back as persistent VC overhang until the latest update.　　Thirdly, $ENA will now be aligned with the ecosystem, with brand and intellectual property (IP) rights assigned to the Foundation and governed by token holders. There will be no payouts to private investors in Ethena Labs (the entity responsible for building the ecosystem products).　　Here, its worth noting that the battle over IP ownership and revenue is what triggered the historic Aave governance spat. However, Ethena has taken the opposite route to avoid an Aave-like divisive civil war.　　Finally, the project has announced a fee switch and an $ENA buyback

08-28Exchange

ENA Rises 10% after Ethena Foundation Reveals Token Buyback Proposal

The native token of the synthetic dollar protocol Ethena (ENA) registered double-digit gains after the Ethena Foundation unveiled four ecosystem changes, including a proposal for revenue-funded token buybacks and a completed buyout of locked tokens held by some early investors.　　The Ethena Foundation opened a vote on a fee-switch proposal under which 95% of the net revenue paid to it from Ethenas core business lines would be used to purchase ENA once the circulating supply of USDe reaches the first proposed milestone of $7.5 billion, the foundation said in a Thursday blog post.　　Tokenholders have until Sept. 2 to cast their votes. At press time, 65 votes representing about 14.4 million ENA in voting power had been cast, all in favor of the fee-switch proposal, according to Snapshot.　　Discover more　　Trading Digital Currencies　　Comparing Top ETFs　　FINANCE　　The ENA token rose 10.7% over the 24 hours and gained 27% during the past week to trade above $0.17 as of 8:11 am UTC on Friday, according to CoinGecko data.　　The foundation also said it had bought locked ENA from certain major seed investors who sold some of their holdings during the past nine months. Separately, it agreed with lead investors to release the remaining unvested investor allocations on Oct.

08-28Industry

Nonfarm Payrolls face a reality check with key benchmark revision

US investors will watch on Friday a labor market report that is far less familiar than the monthly jobs release but has gained considerable importance following the spectacular revisionsof recent years. The Bureau of Labor Statistics (BLS) will publish its preliminary estimate of the annual benchmark revision to the payroll employment series for the twelve months ending March at 14:00 GMT.　　Behind its particularly technical name, the Preliminary Nonfarm Payrolls (NFP) Benchmark Revision answers a relatively simple question: Has the number of payroll jobs reported month after month by US statisticians accurately reflected the reality of the labor market？　　The answer could have implications well beyond the statistics themselves. Another large downward revision would reinforce the view that the US labor market slowdown has been deeper than previously thought, while an upward revision could instead show that job creation has been underestimated.　　What is the Nonfarm Payrolls Benchmark Revision？　　The monthly US employment report relies, among other sources, on the Current Employment Statistics (CES) survey, which collects data from businesses and government agencies to estimate the number of payroll employees in the United States (US).　　Like any survey based on a sample, however, it is subject to a margin of error.Once a year, the Bureau

08-28Industry

Silver Price Analysis: Can Silver Break $70 As Fed Risks Clash With Supply Deficit？

Silver is trading under pressure near $68 to $69 per ounce as investors weigh persistent inflation, Federal Reserve policy expectations, and a more cautious institutional outlook against an increasingly tight long-term supply picture. After losing momentum following its latest rebound, silver is approaching a technical zone that could determine whether the recovery extends above $70 or gives way to another correction.　　The near-term silver price analysis remains closely tied to interest rates. Stronger US inflation data has increased expectations for another Fed rate hike before year-end, while traders are awaiting Federal Reserve Chair Kevin Warshs Jackson Hole speech for additional guidance. With the metal still trading near historically elevated levels, investors using a silver profit calculator can assess how different entry prices and potential moves around the $70 threshold could affect returns. At the same time, a fifth consecutive annual silver supply deficit and continued trend-following demand are providing fundamental support beneath the market.　　Silver Slips Below $69 Ahead of Fed Chair Warshs Jackson Hole Speech　　Silver recently traded around $68.80 per ounce after posting modest gains in the previous session, with investors turning cautious ahead of Warshs Jackson Hole address. Markets are looking for signals on whether persistent inflation will force the

08-28Industry

Silver price today: rises on August 28

Silver prices (XAG/USD) rose on Friday, according to FXStreet data. Silver trades at $70.41 per troy ounce, up 1.68% from the $69.25 it cost on Thursday.　　Silver prices have decreased by 0.94% since the beginning of the year.Unit measureSilver Price Today in USDDiscover moreDistributed in India, consumers demand for the precious metal for jewellery also plays a key role in setting prices.　　Discover more　　News　　Merchant Services & Payment Systems　　Brokerages & Day Trading　　Silver prices tend to follow Golds moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.

08-28Industry

BCH Price Prediction: Bulls Cornered at $263 — $277 Breakout or Flush to $255 Dead Ahead

Timothy Morano　　Aug 28, 2026 07:48　　BCH is stalling at a momentum inflection point with smart money sitting 65.8% long and MACD histogram dead flat at zero — a $277 breakout is live within 48 hours, but if buyers dont step up fast, …　　The Immediate Setup　　BCH is bleeding out a quiet 2.12% on the day, printing $263.10 after tagging a 24-hour high of $274.10 — and that rejection matters. Price has slipped back below the 7-day SMA sitting at $269.91, which tells you short-term momentum has rolled over even as the broader trend remains constructive. The medium-term picture isnt broken: BCH is trading a full $28 above its 20-day SMA and nearly $38 clear of the 50-day, meaning the multi-week bid is still intact. But zoom out and the uncomfortable truth slaps you in the face — the 200-day SMA looms at $348.77, nearly 33% above current price. This is not a bull market recovery story yet. This is a counter-trend rally trying to find conviction.　　The MACD histogram printing exactly zero is the number that should have every BCH trader‘s attention right now. Momentum has converged to a dead stop — not bearish capitulation, not bullish acceleration. It’s a coin flip being

08-28Industry

Pi Network‘s Major AI Change Is Now Live: Here’s What Pioneers Need to Know

The latest features expanded Pi Desktops capabilities with a local AI agent and a tool designed to connect AI assistants with Jira.　　Pi Network announced yesterday another expansion of SoloHost, adding OpenClaw and Atlassian MCP Server as featured applications available through the native Pi Desktop.　　The two new additions were initially introduced alongside the recent Node 0.6.2 update, which we reported a few weeks ago, but are not being formally highlighted by the team as examples of how they intend to expand the utility of their Nodes beyond simply supporting the blockchain.　　AI Push Expanded　　The official blog post from the team highlighted the more broadly applicable addition called OpenClaw. Its a locally run AI agent capable of assisting users with various tasks and operating using either a locally hosted AI model or external ones such as ChatGPT and Claude.　　Its memory is stored locally on the users computer in either configuration, although requests sent to cloud models are still processed by the external providers.　　The team explained that running OpenClaw through SoloHost places the agent inside a container that restricts its default access to unrelated files and resources on the users computer. Pi Desktop handles much of the technical setup automatically, reducing the need for

08-28Industry

Solana traders on OnlyFans just saved a 64-year marmot wildlife study after federal funding stopped

Every summer in Gothic, Colorado, a yellow-bellied marmot walks into a wire trap baited with oats and peanut butter. A scientist weighs it, takes samples, checks its ear tags, paints a temporary identification mark on its back, and releases it back into the mountain meadow.　　Related Asset Solana #7 SOL · $105.27 24-hour change: up 0.69% 24H Up 0.69% 7D Up 15.24% 30D Up 42.34%　　The scientific value of this emerges through accumulation, with thousands of encounters repeated for more than six decades creating the second-longest study of individually identified wild mammals in the world. The record follows family lines, health, behavior, reproduction, and survival across generations, allowing biologists to see patterns that take much longer than a typical three-year research grant to emerge.　　That record came close to acquiring a permanent blank this year when the National Science Foundation declined the teams latest request for continued support. The scientists then began looking for money in places Kenneth Armitage, the biologist who started the project in 1962, could hardly have imagined.　　UCLA professor Daniel Blumstein proposed a G-rated OnlyFans account called OnlyMarms, and an independent group of crypto traders later created a Solana meme coin whose creator fees have generated more than $150,000 for

08-28Industry

WikiBit Exchange Exit Risk Ranking Issue #10 — FameEX: Three License Stickers + 1.1 Rating, the “Emperor’s New Clothes” of the “World’s First Full-Stack Crypto Trading Platform”

Introduction: A “Schrödinger‘s Compliance” Exchange　　In the previous nine episodes, we investigated HashKey (the compliance top student), HTX (the sanctions-hit exchange), UZX (the DAO penny stock), Phemex (the Wall Street elite team), Tapbit (the MSB license sticker king), Coincheck (Japan’s immortal phoenix), Deepcoin (El Salvador‘s regulatory disguise), Upbit (South Korea’s national exchange), and Azbit (officially exposed by Seychelles FSA).　　For the tenth episode, we bring you the finale — FameEX.　　This exchanges résumé sounds like a classic “crypto industry Versailles flex”:　　“The worlds first full-stack cryptocurrency trading platform,”　　“Founded in 2018 and launched in 2020,”　　“Serving 3 million users,”　　“Accumulated trading volume exceeding $400 billion,”　　“Holding financial licenses from Australia AUSTRAC, US MSB, and Singapore MAS.”　　Sounds like the profile of a top-tier global exchange, right？　　But on the other side of the story:TradersUnion gives it an overall score of 2.78/10 and labels it “high risk”;Another review agency gives it only 1.1/5, citing “slow order execution, account suspensions, and extremely low customer support engagement”;Trustpilot gives FameEX 2.6/5, with numerous users accusing it of being a “SCAM”;CoinPaprika shows a confidence score of 0.00%, estimating actual trading volume at zero;Canadas AMF explicitly warned that FameEX is not registered in Quebec and has no right to solicit investors there.　　How can an exchange claiming

08-28Deep Dive

DeFi Development buys 19,000 SOL, treasury hits 2.33M

DeFi Development Corp. resumed Solana purchases on Aug. 27, acquiring approximately 19,000 SOL at an average price of $98.14.　　SummaryDeFi Development acquired approximately 19,000 SOL at an average price of $98.14 per token Thursday.The purchase expanded DFDVs treasury to approximately 2.33 million SOL and equivalent holdings combined overall.ZeroStack divestment proceeds partially funded the purchase, while acquired SOL will enter staking infrastructure operations.DFDV shares rose after the announcement while Solana remained volatile across broader cryptocurrency markets Friday.Management based its liquidity and outperformance comparisons on publicly available market data, not audited results.　　The transaction cost about $1.86 million based on the figures disclosed by the Nasdaq-listed company.　　The purchase expanded the DeFi Development SOL treasury to approximately 2,333,432 SOL and SOL equivalents. That was about 21,909 more than the 2,311,523 SOL and equivalents reported in the companys Aug. 12 business update.　　You might also like:　　DeFi Development launches dashboard tracking Solana network data　　DeFi Developments SOL treasury reaches 2.33 million　　DeFi Development said it intends to hold the newly acquired SOL as a long-term treasury asset. The company plans to deploy the tokens through its staking and onchain treasury infrastructure, where they may generate staking rewards and other revenue.　　The reported treasury figure includes both SOL and “SOL equivalents.” DeFi

08-28Industry

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