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Ethena's ENA tumbled 20% in a week after millions were liquidated. Is the USDe stablecoin still holding its $1 peg? Let's find out.
According to Coinglass, broader crypto markets saw nearly $352 million in liquidations over 24 hours.
Bitcoin (BTC) traded just above a cluster of leveraged long bets on Sunday. Traders who piled into AI chip stocks lost about $33.8 million on crypto exchanges a day earlier. The wipeout hit contracts tied to Micron (MU), SanDisk (SNDK) and SK Hynix (SKHY)