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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

Arthur Hayes says U.S. Treasury liquidity expansion to drive bitcoin bull market

Arthur Hayes said an expansion in U.S. Treasury bond buybacks could lead to a bitcoin bull market, viewing it as a signal of rising liquidity. He compared the move to 2023 actions under former Treasury Secretary Janet Yellen that boosted liquidity and helped bitcoin rebound after the FTX collapse. Hayes said rates have not yet clearly stabilised and noted yields can pressure the economy. He expects further liquidity steps and warned against leveraged trading.

Crypto

XRP jumps 48% in a week; additional rally if it breaks $1.54

XRP has surged about 48 percent over the past seven days, regaining the $1.40 level and ranking among the top gainers among major cryptocurrencies. The rally coincided with a broader market rebound that added $440 billion to total crypto market capitalisation since Aug. 17. XRP’s market value rose about $24 billion in three days to $86.82 billion. Markets are watching resistance at $1.4895 and a 50-week moving average at $1.5417, while daily RSI at 84 signals overheating.