Arthur Hayes Buys $1.06M in ENA After Anchorage Deal Boosts Token 8% - Forex News by FX Leaders

Arthur Hayes Buys $1.06M in ENA After Anchorage Deal Boosts Token 8%

Arthur Hayes, co-founder of BitMEX and well known crypto investor, has added 2.16 million ENA to his portfolio...

Quick overview

  • Arthur Hayes has purchased 2.16 million ENA for $1.06 million, increasing his total ENA holdings to 7.76 million worth $3.73 million.
  • The purchase follows Ethena's announcement of a partnership with Anchorage Digital to launch a GENIUS Act compliant stablecoin in the US.
  • ENA's price has risen 8.43% in the last 24 hours, with analysts predicting it could test $0.60 soon and Hayes forecasting a breakout above $1.
  • Ethena's USDtb stablecoin is backed by traditional financial instruments, enhancing investor confidence and contributing to Hayes's bullish outlook.

ABOUT THE AUTHOR See More
Arslan Butt
Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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