ENA rose more than 19% in 24 hours, and its market capitalization rose to $1,387 billion

Comparative news, according to HTX market data, ENA rose more than 19% in 24 hours. The current price is $0.1409, and the market value has risen to US$1,387 million.

According to the news, on August 11, Arthur Hayes wrote an article publicly optimistic about ENA, believing that if the increase in US dollar liquidity drives the rise of BTC, the recovery in Bitcoin's base earnings may re-attract capital into USDE, and that ENA is likely to achieve a fivefold increase in the next few months.

On August 13, USDE issuer Ethena announced that it had reached a cooperation with FalconX, a tier-1 digital asset broker, to become its institutional loan partner. Ethena will be overcollateralized to invest in FalconX Global stablecoin loan arrangements as part of its institutional loan allocations.