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![Revisiting Ethena: After an 80% drop, is ENA still undervalued in the hitting zone?](https://img.bgstatic.com/multiLang/image/social/c079805d15207830ed7fd48abd1f556a1730458508379.webp)
This article reflects the author's thoughts up to the time of publication, which may change in the future. The views expressed are highly subjective and may contain errors in facts, data, or reasoning. Criticism and further discussion from peers and readers are welcome, but this article does not constitute any investment advice.
![Overview of the U.S. Treasury's Report on Crypto Assets and the Treasury Market](https://img.bgstatic.com/multiLang/image/social/7597ac6a75339a6223256145094e0d231730466666787.webp)
Despite the small base, crypto assets have still experienced rapid growth.
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![Crypto surges in Eastern Europe: DeFi drives 33% of transactions](https://img.bgstatic.com/multiLang/web/c49b8ec637c3074fdafea22c8dfc35b8.jpeg)
![Ethereum price rally to $3K depends on a few key factors](https://img.bgstatic.com/multiLang/web/765cd8c342e616925b34c0eb17b145dd.jpeg)
![Bitcoin speculators send $4B to exchanges as BTC price loses $70K](https://img.bgstatic.com/multiLang/web/c57c490f833ec66f2abe1fba5f619205.jpeg)
![The fusion of religion and encryption, a look at the value expectations and cultural symbols of $LUCE](https://img.bgstatic.com/multiLang/web/4331c6598c3dd6d42ac5bf832e473a1f.jpg)
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In a word, go long or go short?
![Revisiting Ethena: Rebound after a 80% plunge, is ENA still in the undervalued strike zone?](https://img.bgstatic.com/multiLang/image/social/f2d16e27b78ea6e7b90a707804d781e71730455205198.jpeg)
From a valuation perspective, ENA's price is not undervalued relative to its protocol revenue and profits, and it faces greater inflationary pressure and team unlocking in the future. Therefore, investors need to carefully consider its long-term value and changes in market sentiment.
- 17:36Dow, S&P 500 turn up one after anotherGold Finance reports that the Dow and S&P 500 have turned higher, while the Nasdaq is now down 0.04%.
- 17:35BlackRock to Launch Bitcoin ETP in EuropeBlackRock is preparing to launch an exchange-traded product (ETP) directly linked to bitcoin in Europe. According to people familiar with the matter, the fund could be registered in Switzerland and begin rolling out as soon as this month. A BlackRock spokesperson declined to comment on the news.
- 17:22Pudgy Penguins: 12,164,667,616 destroyed today $PENGUChainCatcher has learned that Pudgy Penguins, the “Fat Penguin” of the NFT project, has announced in a post on the X platform that it has destroyed 12,164,667,616 $PENGUs today, which amounted to 13.69% of the total supply at the end of the claim.