Ethena and Jupiter partner to launch JupUSD stablecoin built on Ethena’s Stablecoin as a Service stack
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Daily top performer — Mantle Network (MNT)
The S&P 500 hit a record high, rising 0.58% on strong tech and AI stock gains ahead of Fed Chair Powell’s remarks. Gold hit a record above $4,050 as safe-haven demand rose amid the U.S. shutdown and ahead of Fed minutes. The Coindesk Indices, which tracks the broader crypto market, fell 0.11% with Bitcoin up 1.50% and Ether down 0.28%, in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this link.
Today’s top performer is MNT, up 18.7% after Mantle announced rewards for top $MNT campaign creators, including a trip to CCCC Lisbon 2025 and participation in the RWA program launch.
Mantle Network (MNT), launched in July 2023, is a modular Ethereum Layer 2 that offers scalable, secure transaction processing. Mantle reminded users there’s one day left in its $MNT “Maxing Out” campaign on Bybit and announced that top contributors may win an all-expenses-paid trip to CCCC Lisbon 2025, where Mantle will launch its RWA ScholarSHIP Program.
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Talk of the town
Ethena Labs announced JupUSD, the native stablecoin of Jupiter Exchange, built using its Stablecoin as a Service stack. JupUSD will integrate across Jupiter’s ecosystem, replacing stablecoins in JLP and serving as the main lending asset on Jupiter Lend. Initially backed by USDtb, which is almost fully collateralized by BlackRock’s BUIDL fund, JupUSD may later include USDe.
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Bitcoin spot ETF flows
Category | Flow (millions) |
GBTC | 0.0 |
Non-GBTC | 14.5 |
Total | 14.5 |
Yesterday, Bitcoin spot ETFs saw $14.5 million in net inflows, driven entirely by non-GBTC funds.
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