Author: Monicah W

Coinbase, one of the leading cryptocurrency exchanges, has officially included Ethena’s native token, ENA, in its listing roadmap.

The announcement led to a modest price increase of 8.6% in ENA during Tuesday’s early Asian trading hours.

Coinbase Adds ENA To Listing Roadmap

In a statement shared via X (formerly Twitter), Coinbase Assets confirmed the inclusion of Ethena (ENA). The post specified that the token’s ERC-20 contract address is 0x57e114B691Db790C35207b2e685D4A43181e6061. 

Assets added to the roadmap today: Ethena (ENA)https://t.co/rRB9d3hSr2

— Coinbase Assets (@CoinbaseAssets) June 2, 2025

Nevertheless, the exchange clarified that the commencement of ENA trading will depend on certain conditions. These include increased market-making support and the development of adequate technical infrastructure. 

Coinbase mentioned it would issue a separate announcement once these requirements are fulfilled, guaranteeing a smooth integration for traders. ENA now joins QCAD (QCAD) in Coinbase’s listing roadmap, although the list is not exhaustive.

“Transfers and trading are not supported for these or any other assets until a listing is officially announced. Depositing these assets into your Coinbase account before an official announcement may lead to permanent loss of funds,” the exchange stated.

Following the news, ENA’s price jumped from $0.312 to as high as $0.338, marking an appreciation of 8.6%. However, the gains generated by this announcement subsided shortly after. BeInCrypto data showed that ENA dropped to $0.329 at the time of writing. 

The trading volume for ENA also surged. It reached $254 million in the last 24 hours, representing a 91.7% increase. This indicated heightened market activity and investor interest.

The activity observed is quite typical of previous Coinbase roadmap announcements, where such news often leads to a price rise. However, despite the general trend, ENA’s gains were relatively modest in comparison to other assets like TokenBot (CLANKER), doginme (DOGINME), or Freysa AI (FAI), which experienced more significant surges after a similar addition.

The timing of Coinbase’s announcement aligns with a critical moment for Ethena. Earlier on Monday, over 40 million ENA tokens, valued at approximately $12 million, were unlocked, raising concerns about a potential sell-off. 

Contrary to expectations, the token held steady. BeInCrypto highlighted that ENA only slipped by 1% in the aftermath of the unlock.

The post Coinbase Adds Ethena (ENA) to Listing Roadmap, Sparking 8.6% Price Surge appeared first on BeInCrypto.

Jerome Powell’s speech at the Fed’s International Finance (IF) Division anniversary conference quietly signaled the central bank’s growing openness to easing monetary policy. This prospective shift has sent Bitcoin (BTC) soaring above $105,000.

Meanwhile, the Federal Reserve (Fed) continues to work against political pressure from President Trump, who advocates for rate cuts. This contention has sparked speculation of Powell’s imminent resignation.

Bitcoin Surges as IF Models Point to Dollar Weakness

Bitcoin surged past $105,000 on Monday, buoyed by growing expectations that the Federal Reserve may be preparing to pivot its monetary policy stance later this year.

The rally followed Federal Reserve Chair Jerome Powell’s speech at the International Finance (IF) Division’s 75th anniversary conference. Powell reiterated the critical role of global data and modeling in shaping US monetary policy in his speech.

However, he did not directly signal any change in interest rates. While Powell’s remarks were framed as a tribute to the IF Division’s legacy, analysts and crypto investors parsed his words for policy clues amid mounting signs of disinflation and economic resilience.

“Understanding this complex and interconnected web is essential for us to anticipate the path of employment and inflation,” Powell said.

Although Powell did not mention easing or rate cuts, he emphasized that IF research is central to the “risks and uncertainty assessment that FOMC committee participants receive in advance of every meeting.”

That line, coupled with the Fed Chair’s comment that the division’s work is “certainly relevant today,” has sparked speculation that the Fed is preparing for a potential dovish shift if current economic trends continue.

Fed’s Global Lens Aligns with Market Tailwinds

The latest Consumer Price Index (CPI) data showed inflation cooling to just 2.3% year-over-year, nearing the Fed’s 2% target. At the same time, US unemployment remains steady at around 4.2%, suggesting the labor market remains resilient.

This combination of disinflation and job stability supports both prongs of the Fed’s dual mandate. Crypto market analyst Kyle Chassé pointed to these dynamics as fuel for risk assets like Bitcoin.

“FED PIVOT INCOMING? The last CPI came in at just +2.3% YoY. Unemployment is steady around 4.2%. Fed officials say if inflation keeps cooling and jobs stay strong, rate cuts are on the table later this year. That’s rocket fuel for Bitcoin,” Chassé posted on X.

Investors also noted that Powell praised the IF division’s development of advanced models for “assessing risks and uncertainties through alternative scenarios.” According to Powell, these are instrumental in understanding the impact of global shocks.

Though not tied to any specific forecast, these capabilities are increasingly viewed by market participants as laying the groundwork for responsive monetary policy in the second half (H2) of 2025.

Is Bitcoin’s Recovery A Bet on Policy Shifts?

Bitcoin’s move above $105,000 reflects broader optimism that the Fed will begin easing before year-end, especially if inflation continues its downward trend.

According to data on the CME FedWatchTool, markets are pricing in a 95.3% probability that the Fed will maintain the current target rate of 4.25-4.50 basis points (bps) at the June 18, 2025, FOMC meeting. Meanwhile, there is a 4.7% chance of a 25 bps cut to 40.0-4.25 bps.

Though the central bank remains cautious in its public language, Powell’s focus on global risk modeling and his acknowledgment of ongoing uncertainty suggest a more data-responsive posture.

“This work is critical to understanding the quantitative implications of uncertainty shocks. Certainly, relevant today,” Powell noted.

For Bitcoin bulls, that relevance could translate into a more accommodative environment in which digital assets benefit from loosening financial conditions, a weakening dollar, and investors seeking alternative stores of value.

While the Fed has not confirmed a pivot, the market is listening closely, with Bitcoin holding well above $105,000.

BeInCrypto data shows BTC was trading for $105,568 as of this writing, up by a modest 0.62% in the last 24 hours.

As Kyle Chassé suggests, a rate cut could spur Bitcoin’s growth. However, the high probability of no change may delay any significant bullish momentum in the near term, likely explaining the modest gains.

The post Bitcoin Reclaims $105,000 After Powell’s IF Speech Fuels Pivot Talk appeared first on BeInCrypto.

Strategy, formerly MicroStrategy (MSTR), has announced plans to issue 2.5 million shares of 10% Series A Perpetual Stride Preferred Stock (STRD) to raise funds to expand its Bitcoin holdings and support working capital.

The company aims to raise approximately $250 million from this initial public offering (IPO), based on an initial liquidation preference of $100 per share. Meanwhile, other firms are also advancing Bitcoin treasury initiatives across the globe.

Strategy Plans Major IPO to Raise Funds for Bitcoin Expansion 

According to Strategy’s official announcement, the offering targets institutional and select non-institutional investors. Holders are eligible for non-cumulative dividends, paid quarterly if declared, at a 10% annual rate.

“Strategy will have the right, at its election, to redeem all, but not less than all, of the STRD Stock, at any time, for cash if the total number of shares of all STRD Stock then outstanding is less than 25% of the total number of shares of STRD Stock originally issued in the offering and in any future offering, taken together,” the statement read.

The offering plan follows Strategy’s latest acquisition of 705 BTC for around $75.1 million yesterday. SaylorTracker data shows that the firm holds 580,955 BTC, valued at over $60 billion.

Strategy’s move comes amid a wave of corporate cryptocurrency adoption. On June 2, Hong Kong-based Reitar Logtech Holdings Limited (RITR), a logistics solutions provider, revealed that it is in advanced negotiations to create a strategic Bitcoin treasury. The initiative aims to purchase up to 15,000 BTC, valued at approximately $1.5 billion.

“Management believes this treasury diversification could provide several strategic benefits including enhanced financial resilience through allocation to a non-correlated digital asset, increased financial flexibility for future strategic acquisitions in logistics technology and automation platforms, and positioning for expansion in high-growth Asian markets where demand for smart logistics infrastructure continues to increase,” the filing read.

Similarly, the Norwegian Block Exchange (NBX) made history as Norway’s first listed company to adopt Bitcoin as a treasury asset. The company has acquired 6 Bitcoin and aims to raise its holdings to 10 BTC by June.

In Russia, Sberbank, the country’s largest bank, launched structured bonds tied to Bitcoin. This product is available to a limited group of qualified investors in the over-the-counter market.

Beyond Bitcoin, other digital assets are also gaining traction. BTCS, a blockchain tech firm, acquired 1,000 ETH, bringing its Ethereum holdings to 13,500 ETH.

“Ethereum remains at the core of our blockchain infrastructure strategy. Our expanding ETH position is not simply a treasury play-it’s a strategic byproduct of our NodeOps and high-growth Builder+ activities. We are focused on building highly scalable, revenue-generating infrastructure,” CEO Charles Allen said.

Meanwhile, Classover, an edtech company, is focusing on building a Solana (SOL) treasury reserve. The company previously bought 6,472 SOL for approximately $1.05 million. 

Now, it has entered into an agreement to issue up to $500 million in senior secured convertible notes, with an initial $11 million funding set to close soon. A significant portion of the proceeds, up to 80%, will be allocated to purchasing SOL. 

These developments reflect a broader shift among corporations to diversify treasury assets with cryptocurrencies.

The post MicroStrategy Plans $250 Million Preferred-Stock IPO to Fuel Fresh Bitcoin Buying Spree appeared first on BeInCrypto.

dYdX Trading Inc. (“dYdX”) today announced the strategic acquisition of key business teams from the dYdX Foundation, including Marketing, Business Development, and Solutions. This move marks a significant milestone in aligning go-to-market efforts more closely with product and engineering.

The acquisition is designed to create tighter integration between growth and product functions, enabling dYdX to run more effective, data-driven GTM campaigns for major feature and product launches. By embedding marketing and business development directly alongside engineering, dYdX aims to shorten feedback loops, increase launch velocity, and deepen ecosystem engagement across global markets.

This shift comes at a pivotal moment, as dYdX is actively developing several transformative product upgrades, including Spot Trading, Multi-Asset Margining, and EVM Support. These launches represent critical steps in expanding the platform’s utility and accessibility, making deep coordination across teams more important than ever.

“Product-led growth demands close integration between product and growth teams. This acquisition enables dYdX protocol to build, launch, and scale more effectively as we pursue our most ambitious roadmap to date,” said dYdX Founder Antonio Juliano. 

The transition will ensure continued support for partners, traders, and ecosystem contributors while unlocking new synergies between product innovation and market adoption.

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