Coinbase Ventures is proud to back @Ethena through an open market purchase of ENA. Ethena is a critical player in onchain finance, and we are excited for the closer partnership with Coinbase and USDC.

Arthur Hayes is Still Buying Ethena as Accumulation Continues Arthur Hayes (@CryptoHayes) has purchased another 10.9 million $ENA worth about $985,000, according to Lookonchain. His total accumulation now stands at 22.64 million ENA, valued at roughly $2 million. The purchases were made over the past five days.

🇺🇸 President Trump's disclosed cryptocurrency wallet holdings: • Bitcoin: $100,000,000+ • Ethereum: $55,000,000+ • WLFI Token: $50,000,000+ • Stablecoin / Digital-Dollar: $5,000,000+ • LINK, AAVE, ENA, MOVE, ONDO: $1,500,000+

Here's what happened @ethena in May: • Crossed $500m+ in total Whitelabel supply across @JupiterExchange, @megaeth, and @SuiNetwork. • Launched dedicated Ethena markets on @JupiterExchange and @KaminoFinance. Combined market size crossed $1b within days of launch. • ENA went live on @Solana via @sunrise. • Ethena's TVL on @Solana crossed $500m, up from $50m a month ago, making it Ethena's second-largest chain outside of Ethereum. • USDe supply grew over 15% in the last 30 days. • USDtb supply is back above $1 billion, up over 70% in the last 30 days. • Surpassed $33b in cross-chain transfer volume across all Ethena assets via @LayerZero_Core. • PT-srUSDe by @Stata_Markets hit $45m supplied on @aave. • @hyenatrade crossed $2m in all-time USDe rewards to traders. • @ManifestFinance chose Ethena to back USH, its real estate-backed token. • @etherealdex expanded user testing for Ethereal Predict, a USDe-native prediction market that lets users combine outcomes into multi-leg positions. • Published an analysis of the basis trade on gold perpetuals, following the recent post on USDe backing diversification. • Updated the transparency page with a more detailed breakdown of USDe's backing reserves. • Published a security post on the recent rsETH incident, covering what happened, the response, and the design decisions that protect USDe. • Deprecated USDe and sUSDe bridging for several chains focusing security and operational resources where USDe activity is most meaningful.