PHOENIX - Crypto News & Analytics

​​Ethena Foundation announces four ecosystem updates

#EthenaFoundation announced four ecosystem updates, including repurchasing locked $ENA from select early investors, better aligning token and equity value, proposing revenue-funded $ENA buybacks, and ending future monthly VC unlocks. The foundation has already acquired all locked $ENA held by several major seed investors who sold tokens over the past nine months.

#Ethena Foundation and #EthenaLabs agreed to direct protocol IP and value to the foundation under $ENA governance, ending residual cash flow to Labs equity investors. A revenue-ba

​​Dunamu unveils a partnership with Visa

#Dunamu, the parent company of South Korean crypto exchange #Upbit, has partnered with #Visa to develop innovative financial services powered by stablecoins and #AI. The partnership will combine Dunamu’s digital asset expertise with Visa’s global payments network to develop stablecoin payments, cross-border remittance solutions, and AI-powered financial services.

The partnership will focus on compliant stablecoin integration with global payment infrastructure and AI-powered agentic commerce. Dunamu said the partnership will also explore the potential

​​BitGo unveils acquisition of NYDIG’s institutional trading business

#BitGo has acquired #Bitcoin miner #NYDIG's institutional trading business and related assets, which is expected to complement its digital asset infrastructure services. BitGo plans to leverage NYDIG’s business to expand its institutional markets platform, broaden its derivatives offerings, and strengthen financing capabilities. As part of the deal, around 30 NYDIG employees and their institutional trading relationships have moved to BitGo. NYDIG’s institutional trading business offers derivatives, structured products, fina

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