Ethena is buying $10mm ENA a day via DAT, paying out basis yield to usde on Aave, has $100s of millions of annual ENA incentives via seasons.
There are venture investors unlocking, and yield funds selling down ENA + holding USDe. ENA must continue to find sources of demand to

The amount of leverage that depends on USDe rate (incl. ENA incentives) > Aave USDT borrow rate + 2%
This is not the largest source of systemic risk (at all) but it’s large on an expected value basis because of how likely it is to matter at some point over the next twelve months x.com/kylesamani/sta…

Felipe Montealegre

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Original Odaily(@OdailyChina)
Author/ Wenser (@wenser2010)
As a "barometer" of the cryptocurrency market, Strategy&'s stock price has always been a major driver of market sentiment, with its performance closely linked to key factors such as cash flow stability and index position. Recent news indicates that from December 15th to 21st, Strategy& raised $748 million through the sale of common stock, increasing its cash reserves to $2.19 billion, and has suspended Bitcoin purchases; currently, the company holds...

Buy the dips or wait and see on MSTR? Three key questions you must know about Strategy

Written by: David, TechFlow TechFlow You might not listen to podcasts, but you've definitely seen this image. In 2018, the image of Elon Musk holding a cigarette, surrounded by smoke, went viral, becoming one of his most iconic moments. However, few people know where this scene took place, and few care about the person on the other side...

This American earns $250 million a year through podcasts, and Luo Yonghao is learning from him.

Original article by Odaily Odaily
Author: Azuma
Leading lending protocol Aave is embroiled in controversy, with escalating tensions between the team and the community, which has objectively impacted the confidence of AAVE token holders.
Early this morning, a whale holding the second-largest AAVE position (excluding project owners, contract holders, and centralized exchanges) liquidated 230,000 AAVE tokens (worth approximately $38 million), causing AAVE to drop 12% in the short term. It is understood that this whale's AAVE holdings were acquired at the end of last year...