Bitcoin

USDe

Arthur

Ethena

<p>The former CEO of BitMEX, Arthur Hayes, predicts that ENA could surge to $10, aligning with Bybit’s adoption of USDe as collateral, which includes Bitcoin and Ether trading pairs, impacting market dynamics and adoption.</p> 
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Shit like this is how we get to <a href="https://twitter.com/search?q=%24ENA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$ENA</a> = $10<br><br>Yachtzee 😘😘😘😘😘 <a href="https://t.co/ZI6yvN39VF" target="_blank">https://t.co/ZI6yvN39VF</a></p>— Arthur Hayes (@CryptoHayes) <a href="https://twitter.com/CryptoHayes/status/1787835997847433463?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">May 7, 2024</a>
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<p>The integration of USDe into Bybit’s trading infrastructure enhances capital efficiency and enables diverse trading strategies. USDe’s inclusion in spot trading pairs with major cryptocurrencies expands its utility.</p> 
<p>ENA’s price surged post-announcement, hitting $0.9968 before settling at $0.9257, with a 24-hour trading volume of $587,987,866 as per <a href="https://coinmarketcap.com/currencies/ethena/" target="_blank" rel="noreferrer noopener">CoinMarketCap</a>. Ethena’s market cap is now $1,407,320,058, highlighting strong investor interest in ENA’s growth prospects.</p> 
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  <img loading="lazy" loading="lazy" decoding="async" width="1006" height="492" src="https://www.cryptotimes.io/wp-content/uploads/2024/05/Bitmex-Co-founder-Arthur-Hayes-See-ENA-to-Hit-10-with-Bybit-USDe-Integration.png" alt="Ethena (ENA) Paric Chart" class="wp-image-174408" style="width: 100%;height:auto" srcset="https://www.cryptotimes.io/wp-content/uploads/2024/05/Bitmex-Co-founder-Arthur-Hayes-See-ENA-to-Hit-10-with-Bybit-USDe-Integration.png 1006w, https://www.cryptotimes.io/wp-content/uploads/2024/05/Bitmex-Co-founder-Arthur-Hayes-See-ENA-to-Hit-10-with-Bybit-USDe-Integration-800x391.png 800w, https://www.cryptotimes.io/wp-content/uploads/2024/05/Bitmex-Co-founder-Arthur-Hayes-See-ENA-to-Hit-10-with-Bybit-USDe-Integration-768x376.png 768w, https://www.cryptotimes.io/wp-content/uploads/2024/05/Bitmex-Co-founder-Arthur-Hayes-See-ENA-to-Hit-10-with-Bybit-USDe-Integration-860x421.png 860w" sizes="auto, (max-width: 1006px) 100vw, 1006px">
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   Ethena Price Chart | Source: CoinMarketCap
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<p>Ethena Labs’ CEO Guy Young is optimistic, viewing this as a vital step for USDe’s utility and market presence. This move challenges stablecoin market dominance, attracting traders to a customized product.</p> 
<p>Despite recent market weakness, USDe’s integration with Bybit signals growth potential, with partnerships across major exchanges facilitating adoption and collaboration.</p> 
<p>In essence, Bybit’s embrace of USDe signifies a significant milestone for Ethena, bolstering its market position and paving the way for broader adoption within the crypto community.</p> 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 <p>Also Read: <a href="https://www.cryptotimes.io/2024/05/01/bitmex-warns-of-47-bitcoin-mining-hashrate-centralization/" target="_blank" rel="noreferrer noopener">BitMEX Warns of 47% Bitcoin Mining Hashrate Centralization</a></p> 
</blockquote>

Arthur Hayes See ENA Hit $10 with Bybit USDe Integration

The Crypto Times

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