Helium Mobile Partners with USC Trojans to Enhance Fan Experience at Home Games

Daily Top Performer — Ethena (ENA)

The SPX index was up by 0.4%, This increase was driven by strong economic data, including a four-month low in weekly jobless claims and confirmed second-quarter GDP growth of 3%. Additionally, positive earnings from Micron Technology fueled a rally in semiconductor and tech stocks. Broader market sentiment was also boosted by China's renewed stimulus efforts. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 3.61%, with Bitcoin and Ether rising by 2.52% and by 2.08%, respectively in the past 24 hours.

Today's top performer is ENA, which surged 14.7% following the announcement of Ethena Labs launching the UStb stablecoin to enhance USDe stability and expand collateral offerings.

Ethena Labs (ENA), founded in 2023, introduces USDe, a synthetic dollar on Ethereum, offering a decentralized alternative to traditional stablecoins. It features the 'Internet Bond' for global savings, using delta-hedging to manage volatility and aiming to transform the financial ecosystem by enhancing Ethereum's utility. Ethena Labs has launched UStb, a stablecoin backed by BlackRock's BUIDL and Securitize, to complement USDe with a different risk profile. UStb will help manage USDe's stability during negative funding conditions by allowing asset re-allocation. Ethena will also expand its collateral offerings on exchanges like Bybit.

Check Out the Latest Prices, Charts, and Data of ENAUSDT Perp and ENA/USDT Spot!

Talk of the Town:

Helium Mobile has become a Proud Partner of the USC Trojans, enhancing fan experiences during football and basketball home games in the 2024-25 season. The partnership will kick off at the USC vs. Wisconsin football game on September 28, 2024, featuring stadium branding, activations, and giveaways. Helium Mobile will offer exclusive experiences for fans, promoting its affordable phone plans and the Helium community. The service, powered by the Helium Network, provides reliable connectivity for popular apps and offers rewards for network contributors.

Check Out the Latest Prices, Charts, and Data of HNTUSDT Perp and HNT/USDT Spot!

Bitcoin Spot ETF Flows:

Yesterday, the data shows a total inflow of $272.3 million into BTC Spot ETFs, with $280 million coming from non-GBTC sources, while GBTC experienced an outflow of $7.7 million.

Check Out the Latest Prices, Charts, and Data of BTCUSDT Perp and BTC/USDT Spot!

Airdrop to Watch:

Game7 DAO, a Web3 gaming initiative, is offering a free airdrop for participants who complete quests by September 30th. Players can earn credits by completing tasks, with more credits leading to a larger airdrop of $G7 tokens. To participate, users must connect an EVM wallet, mint a free avatar, and complete quests. Achieving Level 3 (1,000+ XP) by September 30 is required to convert credits into tokens later. Game7’s decentralization plan is divided into three phases, with Phase 1 ending on September 30, and the token generation event (TGE) and airdrop to follow.