Ethena cooperates with FalconX, the digital asset broker, and the parties will operate around the stabilization of currency lending by over-collateralized institutions. This has allowed Ethena to use a new institutional channel for stable money, and the market has begun to see if this cooperation can be translated into a clearer demand for currency.

Cooperation falls on institutional lending

According to reports, Ethena will participate in FalconX ' s stable-currency lending arrangements and the cooperative model is over-collateralized. For FalconX, this has helped to increase the size of its balance sheets and lending operations; for Ethena, it has helped to increase the efficiency of the allocation of funds by building on each other ' s capacity to initiate and secure loans.

This cooperation is focused on the institutional side rather than on the retail market. It added a new use scene to Ethena's currency stabilization strategy, as well as keeping outside the world concerned about the further expansion of its revenue sources and financial access.

ENA is still sorting out.

Despite concerns raised by cooperative news, ENA ' s price trend is currently weak. According to the report, ENA has been running around 0.07035 since June, with the most recent price of about 0.08620, which has yet to be released from low-level processing.

  • ENA current price is about 0.08620
  • Main support position around $0.07035
  • 200 days EMA approximately 0.12337

From the current position, there is still a clear distance between ENA and 200 days EMA. Until this medium- and long-term reference point is breached, the current trend is more like a low-motion energy shock than a reversal of the trend.

Market awaiting validation of demand

According to the report, whether this cooperation actually enhances the market performance of the ENA remains dependent on continued demand keeping pace. Prices may be difficult to sustain even if they go up short-line if only the news is stimulating and there is a lack of ongoing buys.

If the ENA follow-up station is close to 0.12337, the market will pay further attention to the higher positions of 0.1911 and 0.2511. Until then, Ethena had acquired a new institutional partnership, while the ENA still needed price performance to prove that the market had begun to repricing.