According to Cas Abbé, Ethena Labs’ USDe reached 10 billion in circulating supply in roughly 500 days, which he describes as the fastest stablecoin to hit that milestone, source: Cas Abbé on X, Aug 10, 2025. He attributes the acceleration to approval of the GENIUS Act, which he says prohibits issuers from paying yields on stablecoins, source: Cas Abbé on X, Aug 10, 2025. For traders, expansion of USDe typically requires larger delta-hedged short exposure on BTC and ETH perpetual futures to back the asset, which can dampen funding rates and impact basis trades, source: Ethena Labs documentation. Monitor USDe circulating supply, sUSDe yield, and BTC and ETH funding-rate trends as leading indicators for liquidity flows and carry opportunities, source: Ethena Labs dashboard and major exchange funding data.

According to @secondswap_io, traders have the potential to buy locked ENA tokens onchain at a discount, as early investors and core contributors of Ethena Labs are subject to a 12-month cliff and a 3-year linear vesting period. This means billions of dollars in ENA remain locked, potentially creating secondary market opportunities for discounted acquisitions. For DeFi traders, these vesting dynamics can impact ENA token liquidity, price discovery, and trading volumes, especially if mechanisms for trading locked tokens emerge. Source: @secondswap_io.

According to Jack Booth on Twitter, Ethena Labs has launched a new feature enabling Telegram's 1 billion monthly users to save in US dollars as easily as sending a text message. This integration provides unprecedented accessibility for stablecoin savings, potentially accelerating mainstream crypto adoption and increasing USDe stablecoin trading volumes. Traders should monitor USDe liquidity and Telegram-based DeFi activity, as this move could drive significant inflows and volatility in related crypto assets (Source: Jack Booth on Twitter, May 30, 2025).

According to BitMEX Research, there is a query regarding whether Ethena Labs' $1.3 billion exposure to ByBit, predominantly managed through 'off exchange custody solutions' like Copper Clearloop, is included in ByBit's published Reserve Ratios. This information is crucial for traders evaluating ByBit's financial health and risk management practices. Understanding the inclusion or exclusion of such significant funds in reserve calculations could impact trading strategies and risk assessments.

According to Polynomial (@PolynomialFi), stakers will receive weekly rewards of 7,500 OP in addition to 60% of the trading fees. The expected APR ranges between 36-61%, offering significant returns for participants. Users can deposit USDC, sDAI, and sUSDe to participate. Furthermore, stakers can earn 5x Ethena Labs sats and Usual Money tokens, presenting additional incentives for engagement.

According to @OnchainDataNerd, 15 hours ago a whale identified as 0x6C5 withdrew 5.19 million ENA tokens, valued at approximately $2.08 million, from Binance at an average entry price of $0.4. Subsequently, the whale staked all the ENA tokens into Ethena Labs.

According to @CCData_io, today's top crypto stories include Bitcoin (BTC) being set for one of its best Septembers, Guggenheim Treasury Services issuing $20 million in tokenized commercial paper, Ethena Labs preparing to launch a stablecoin, and Binance hitting a $100 trillion volume milestone.

According to @ai_9684xtpa, users can check their airdrop amounts on September 9 and claim their airdrops starting September 30. This information is crucial for those involved with Ethena Labs and Pendle Fi.