Wintermute Proposes Revenue Sharing Plan for Ethena’s sENA Holders
Wintermute’s proposed solution is to activate a “fee switch”, which would allocate a portion of Ethena’s revenue directly to sENA holders.
This news section spotlights emerging altcoins, project updates, tokenomics changes and ecosystem developments driving innovation in DeFi, Web3 and digital assets. Keep track of the next wave of digital currencies before they make headlines—and gain insights that matter in the altcoin sector.
Wintermute’s proposed solution is to activate a “fee switch”, which would allocate a portion of Ethena’s revenue directly to sENA holders.
The trading volume of LINK increased by 78.85% in the past 24 hours to $499 million while its market cap stood at $7.41 billion, making Chainlink the 14th-largest cryptocurrency.
Solana’s climb has now placed it as the fourth-largest cryptocurrency position, following only Bitcoin (BTC), Ethereum (ETH), and Tether’s USDT.
Uniswap is breaking multi-month price levels amid ongoing bullish rally.
Following the announcement of Donald Trump as the next US President, Dogecoin (DOGE) led the meme coin sector with a 28% gain.
The Chainlink ecosystem has grown in the past few years backed by reputable Web3 companies and financial institutions seeking to offer scalable smart contracts.
The TON ecosystem is in distress in line with the broader market, but there is a catch ahead.
The success of Dogecoin and the rest of the meme coins will happen irrespective of who wins the US 2024 presidential election.
A major whale sold 357,070 SOL (worth $58.54 million), contributing to this Solana price decline and reducing Solana’s market cap by more than $8 billion over the past week.
Leading crypto firms including Paxos, Kraken, Galaxy Digital, and Robinhood announced the formation of the Global Dollar Network to enhance stablecoin adoption globally.
Solana’s rapid growth, driven by meme coin trading and user engagement, highlights its competitive edge over Ethereum in user activity and transaction efficiency.
This month’s token unlocks include both “cliff” releases, where the digital assets are unlocked all at once, and “linear” releases, where tokens are gradually unlocked over time.
After peaking at $2.35 last week, SUI price has retraced over 10% to fall below the key $2.0 support, reflecting a dip in investor interest amid increasing bearish sentiment.
The crypto market is bracing for heightened volatility ahead of the Us election results, with Bitcoin dominance reaching its highest level since March 2021, while altcoins face a stronger correction.
Shiba Inu’s Lucie anticipates a November bull run while expressing caution amid the uncertainties of the US election.