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StablecoinX has expanded its financing for Ethena’s ENA treasury to $890 million, bolstering liquidity and strengthening support for the growth of the Ethena ecosystem. The move positions StablecoinX as a key player in backing Ethena’s stablecoin strategy and long-term sustainability.
The Trump family launched two major crypto ventures in the same week. American Bitcoin went public on Nasdaq, while the World Liberty Financial (WLFI) token debuted on exchanges but has already dropped 30% since launch. A company tied to the Trumps holds nearly a quarter of WLFI, valued at $4.8 billion. Eric Trump’s stake in American Bitcoin is estimated at $548 million.
A global shift is underway as more people consider crypto for retirement planning. An Aviva survey found 27% of UK adults are open to holding crypto in their retirement funds, while in the US, President Trump signed an order allowing 401(k) plans to include Bitcoin and other cryptocurrencies.
Crypto.com partnered with Trump Media, owner of Truth Social, to launch a treasury strategy for its native token Cronos (CRO). The token jumped nearly 150% to $0.38 on the news but later eased back to $0.27, far below its 2021 peak.
Industry voices are divided on crypto treasury firms. Some, like Milo CEO Josip Rupena, warn they carry risks akin to the 2008 CDO crisis, while others, like Bitwise’s Matt Hougan, argue they make Ethereum more investable for traditional markets. Sharplink’s Joseph Chalom highlighted their scalability, though analysts such as James Check and VC firm Breed warned that many Bitcoin treasuries could face a “death spiral” over time.
Metaplanet is moving forward with its plan to raise $3.7B to buy 210,000 BTC by 2027, after shareholder approval for new share issuance. The company still needs board approval on issuance terms and filings with regulators, while falling stock prices—down 54% since June—pose a major fundraising challenge.
Starknet confirmed that all transactions from the affected block must be resubmitted and promised a full report detailing the root cause and future prevention measures.