Ethena’s USDe supply on Solana rises by over $450M in 4 days

Blockchain tracking firm Arkham Intelligence has labeled a set of suspicious wallets as “THORChain Exploiter” addresses, with one Bitcoin-linked wallet holding close to 36.85 BTC — worth roughly $3 million — and a separate Ethereum wallet carrying around 216 ETH. The funds are sitting there, visible on-chain, linked to two addresses that security researchers have […]

The latest shareholder letter from DeFi Development Corp., a Nasdaq-listed Solana treasury company, shows that its fully converted SOL per share has grown 108% over the past year, rising from 0.0322 on May 13, 2025, to 0.0670 on May 13, 2026.  The growth is notable because it came during a difficult period for Solana’s price action, particularly in the first quarter of 2026, where the SOL price has been struggling with bearish momentum. Related Reading: XRP Records Biggest Spike In Network Usage In 2 Months Solana Treasury Growth Shows A New Source Of Demand According to a May shareholder letter from DeFi Development Corp., a Solana treasury company, the company has more than doubled its fully converted SOL per share into 108%.  The 108% growth highlighted by DeFi Development Corp. is based on SOL per share, a metric the company uses to measure how much Solana backs each fully converted share. The company reported 2,294,576 SOL and SOL equivalents as of May 13, 2026, with approximately

The post Ethena’s USDe supply on Solana rises by over $450M in 4 days appeared on BitcoinEthereumNews.com. Ethena’s synthetic dollar USDe just had a very good week on Solana. The token’s supply on the network surged by more than $450 million in just four days, a pace of capital inflow that most DeFi protocols would be thrilled to see over an entire quarter. The growth is particularly striking in relative terms. USDe’s supply on Solana is now approaching ten times the amount circulating on HyperliquidX, making Solana the clear center of gravity for USDe liquidity outside of Ethereum. What’s behind the surge USDe isn’t your typical stablecoin. It’s a synthetic dollar created by Ethena Labs, which launched the token in February 2024. Unlike USDC or USDT, which are backed by traditional reserves held in bank accounts, USDe maintains its peg through a delta-neutral hedging strategy. Think of it like this: Ethena holds crypto collateral and simultaneously opens short positions to offset pric

The post CRV Price Prediction: Relief Rally to $0.27 Before $0.21 Target appeared on BitcoinEthereumNews.com. Lawrence Jengar May 16, 2026 08:20 CRV’s negative funding rates signal a potential 12% bounce to $0.27, but technical breakdown below $0.23 support targets $0.21 within two weeks as DeFi sector weakness persists. The Current Setup CRV trades at $0.24, down 6.78% today and caught between critical technical levels that will determine the next major move. The 20-day SMA at $0.25 acts as immediate resistance while the 50-day SMA at $0.23 provides the last line of support before deeper losses. The MACD histogram hovers near zero, indicating market indecision, while RSI at 49 shows neither bulls nor bears have established control. The derivatives market reveals interesting dynamics with the -0.0118% funding rate forcing shorts to pay longs, creating artificial buying pressure that could spark a relief rally. Open interest surged 10.12% to $21.5 million in 24 hours,

SOL holds the triangle breakout support near $81.30 as buyers watch $90, $98, $120, and $145 resistance levels. Solana traded near a key support area after a sharp pullback from $96, while buyers defended the breakout zone on the daily chart. The move followed a descending triangle breakout and a retest of former resistance as […] The post SOL Holds New Support After Triangle Breakout As Buyers Defend Zone appeared first on Live Bitcoin News.

Jito Labs' JTX could reshape Solana's trading landscape by enhancing on-chain trading appeal, challenging centralized exchanges' dominance. The post Jito Labs expands into consumer trading with JTX on Solana appeared first on Crypto Briefing.

The $292 million KelpDAO exploit is among the biggest crypto losses of 2026. The impact of this attack on users’ confidence was broad, triggering a $13.5 billion drop in DeFi total value locked (TVL). However, recent developments suggest a return in market confidence. Related Reading: ZachXBT Claims LAB Insiders Control 95% After $6 Billion Crypto […]

Intesa Sanpaolo more than doubled its crypto exposure from $100M to $235M between Q4 2025 and Q1 2026. The bank entered Ethereum and XRP for the first time via BlackRock’s iShares and Grayscale’s XRP Trust ETFs. Intesa nearly exited Solana entirely, cutting holdings from 266,320 shares to just 2,817 in one quarter. Intesa Sanpaolo, Italy’s […] The post Italy’s Top Bank Raises Crypto Holdings to $235M Amid Institutional Push appeared first on Live Bitcoin News.