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Crypto

Ethena launches Ethena Pay beta on Avalanche, expands USDe payments

Ethena has started a beta service for Ethena Pay, linking its stablecoin USDe directly to consumer payments using Avalanche as a single settlement layer. The self-custody iOS app begins with 400 early-access users and targets 49 countries, with the United States, the European Union, Britain and Canada to be supported later. The service combines wallet transfers, fiat on-ramps and a Visa card, with yields and cashback subject to tiered caps and conditions.

Crypto

Binance to delist 12 margin trading pairs on Sept. 3, including SUI, AVAX, LINK

Binance will delist 12 margin trading pairs on Sept. 3 local time, including pairs linked to Sui, Avalanche and Chainlink. It will stop borrowing for the affected isolated margin pairs from Sept. 1. On Sept. 3, it plans to close user positions, carry out automatic settlement and cancel all open orders before removing the pairs from its margin service. Binance also plans a separate spot delisting of all spot pairs for ICON, Secret and Storj from Sept. 3.

Crypto

Shiba Inu breaks 11-month downtrend, climbs above 200-day moving average

Shiba Inu has moved above its 200-day moving average, ending an 11-month downtrend that began in September last year. It has stabilised in a $3.22 billion to $3.26 billion market-cap band that is shifting from resistance to support. Japan’s Financial Services Agency licensed Nomura-backed Laser Digital and included Shiba Inu among approved institutional assets. A $3.1 billion short squeeze and strong August performance also supported gains.