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ENA’s “confidence game”: $260 million repurchase to stabilize prices, $360 million transfusion to help StablecoinX sprin | Bee Network

LoginTrending NewsAI AgentsMeme LaunchpadDeSciTopChainExplorerFor Newbee100x CoinsBee GameEssential WebsitesMust-Have APPCrypto CelebritiesDePINRookies EssentialTrap DetectorBasic ToolsAdvanced WebsitesExchangesNFT ToolsWeb3 UniverseGamesDAppBee HiveGrowing PlatformADRecharge CoinsLoginWeb3 UniGamesDAppBee HiveADhomeAnalysisAnalysisWyatt@XiaMiPP(EmberCNExchangeUp Nearly 50% in a Week, Will ENA Be ETH’s Biggest Beta?stablecoins.asxn.xyzDune: Entropy Advisorscryptorwa.xyzRelated: Governance failure, airdrop chaos, value mismatch: What kind of tokens does the crypto industry need? Original article by | Stacy Muur ( @stacy_muur ) Compiled by | Odaily Planet Daily ( @OdailyChina ) Translator | Dingdang ( @XiaMiPP ) Editors note: @BinanceResearch published a research report on the evolution of token models in June 2025, which deeply reviewed the attempts and lessons of Web3 projects in token design, incentive mechanisms and market structure in the past few years. From the bubble in the 1CO era, the short-lived glory of liquidity mining, to the recent projects re-examination of issuance methods, governance methods and economic models. Stacy Muur sorted out this report and summarized ten key observations, revealing core issues such as governance failure, low airdrop efficiency, model fragmentation, and supply distortion. It also pointed out the markets gradual return to real demand and income support .…# Analysis# crypto# Exchange# Market# TokenPre A complete review of the 15 projects shortlisted for Binance MVB Season 10Recommended ArticlesNext Unveiling the two key figures behind ETH's recent surge: Tom Lee vs. Joseph RubinRecommended ArticlesBefore Moonbirds launched its token, it initiated the “Birbillions Project”6086cf14eb90bc67ca4fc62bThe Day CZ Missed the Best Investment of His Life, Crypto Missed AI6086cf14eb90bc67ca4fc62b1AI Agent Weekly Report | ALCH V3 is officially launched; VVV’s weekly increase is nearly 160% (2.3-2.9)6086cf14eb90bc67ca4fc62b1Weekly Funding Roundup | 9 Projects Secure Funding, Total Amount Reaches $160 Million (3.09-3.15)6086cf14eb90bc67ca4fc62b1YZi Labs’ first biotech investment: Renewal Bio Investment6086cf14eb90bc67ca4fc62b3The End of Tokenization Illusion: How Vitalik’s Four Quadrants Rewrite the AI×Crypto Script6086cf14eb90bc67ca4fc62b3No commentsLogin immediatelyCoinCarpBinanceCoinMarketCapCoinGeckoCoinliveArmorsWhite Paper RolesFAQPrivacy PolicyTerms of ServicesCoinCarpBinanceCoinMarketCapCoinGeckoCoinliveArmorsWhite PaperRolesFAQPrivacy PolicyTerms of ServicesAirdrop HuntersData AnalysisCrypto CelebritiesTrap Detector繁體中文简体中文日本語Tiếng Việtالعربية한국어Bahasa Indonesiaहिन्दीاردوРусский

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    Author | Dingdang ( @XiaMiPP ) On July 21st, Ethena Labs announced a $360 million PIPE (Private Investment in Equity) transaction with stablecoin issuer StablecoinX. StablecoinX plans to list on...