Tron Inc. pivots to crypto treasury strategy with $1B TRX accumulation plan

Daily top performer — Ethena (ENA)



The S&P 500 futures rose 0.7%, boosted by strong Meta and Microsoft earnings, after a slight dip following the Fed’s rate hold. Gold fell over 1.5% to below $3,280 as Powell pushed back on a September rate cut, with strong GDP data and rising yields adding pressure. The Coindesk Indices, which tracks the broader crypto market, fell 0.08%, with Bitcoin down 0.48% and Ether up 0.26%, 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 ENA, up 8.3% following DeFi Saver’s launch of one-click access to Ethena’s Liquid Leverage and reward program.

Ethena (ENA), founded in July 2023, is a DeFi protocol offering USDe, a synthetic dollar backed by staked ETH and delta hedging. It avoids traditional banking and quickly became the top-earning DeFi protocol, with over $2B in supply and high yields. DeFi Saver has integrated Ethena’s Liquid Leverage, allowing users to set up leveraged USDe positions in a single transaction. To earn rewards, users must supply a 50/50 split of sUSDe and USDe, borrow stablecoins, and loop at least once. Rewards start now, with Merkl handling distribution in about a week.



Check out the latest prices, charts, and data of ENAUSDT perp and ENA/USDT spot contracts!



Talk of the town

Tron Inc., formerly a toy company, has filed to sell up to $1 billion in securities to fund aggressive TRX accumulation, effectively pivoting into a public crypto treasury vehicle. Chaired by Justin Sun’s father, the firm’s board includes figures tied to the Tron ecosystem, raising governance concerns. The strategy mirrors moves by firms like MicroStrategy but with TRX, a less liquid and riskier asset, exposing the company to market volatility and regulatory scrutiny.



Check out the latest prices, charts, and data of TRXUSDT perp and TRX/USDT spot contracts!



Bitcoin spot ETF flows





Yesterday, BTC spot ETFs saw a net inflow of $12.7M, entirely from non-GBTC funds, while GBTC recorded no activity.



Check out the latest prices, charts, and data of BTCUSDT perp and BTC/USDT spot contracts!



Airdrop to watch

Gata has launched a content creation campaign on Galxe Starboard Aura, offering 0.5% of its upcoming token to participants who create quality content, earn Galxe Aura, and climb the leaderboard for rewards.