Ethena Labs Reveals 2025 Roadmap with Telegram Payments, sUSDe Integration, and DeFi Innovations
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Daily Top Performer — Injective Protocol (INJ)
The S&P 500 gained 1.26% Friday, led by tech stock rallies. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 0.24%, with Bitcoin and Ether dropping by 0.22% and 0.35%, respectively in the past 24 hours.
Today's top performer is INJ, which surged 6.9% following the approval of Injective's $INJ 3.0 proposal to drastically reduce token supply.
Injective Protocol (INJ), launched in 2018, is a Cosmos-based DEX with cross-chain trading, using an order book model for efficiency. INJ tokens power governance, staking, and trading fees. Injective's governance proposal for $INJ 3.0 passed with 99.99% approval, initiating a new phase to significantly reduce token supply and make $INJ highly deflationary.
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Talk of the Town
Ethena Labs unveiled its 2025 roadmap on January 3, highlighting a Telegram app for payments and savings using its sUSDe stablecoin, aiming to offer a "neobank experience." The app allows users to manage sUSDe for savings and payments, including Apple Pay integration. Ethena’s goal is to rival Tether by evolving into Ethena Network, a platform for on-chain financial innovation. Key projects include Ethereal, a perpetual and spot exchange, and Derive, an on-chain protocol for options. The roadmap also emphasizes dollars as the backbone of DeFi and the expansion of stablecoin-based products using sUSDe.
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Bitcoin Spot ETF Flows
Date | GBTC (M USD) | Non-GBTC (M USD) | Total (M USD) |
30 December 2024 | (134.5) | (280.6) | (415.1) |
31 December 2024 | (9.6) | 14.9 | 5.3 |
01 January 2025 | - | - | 0.0 |
02 January 2025 | (23.1) | (219.2) | (242.3) |
03 January 2025 | 0.0 | 908.1 | 908.1 |
Total (weekly) | (167.2) | 423.2 | 256.0 |
Current Total (from inception): | (21,519) | 57,431 | 35,912 |
Between December 30, 2024, and January 3, 2025, BTC Spot ETF flows showed significant fluctuations. GBTC saw total outflows of $167.2M, while non-GBTC investments experienced inflows of $423.2M, resulting in a net inflow of $256.0M for the period. Notable activity included a large non-GBTC inflow of $908.1M on January 3, 2025, despite earlier outflows on December 30 and January 2. Cumulatively, GBTC has recorded outflows of $21.5B, while non-GBTC investments have attracted $57.4B, yielding a net inflow of $35.9B to date.
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Airdrop to Watch
Humanity Protocol has introduced "Fairdrops" and is currently offering a waitlist. Users can claim their Human role on Discord by joining the server and adding their Human ID. Additionally, daily RWT claims are redeemable for H tokens at TGE. The farming process is free, so don't miss out!