Ethena to Stop Token Emissions, Sending ENA to $0.28

Ethena confirmed it will end all token incentives for $USDe by the close of September, cutting rewards by roughly 85 % from last year’s levels and halting new issuance entirely.

The market’s reaction was immediate. On HTX, $ENA climbed to $0.28 intraday, topping altcoin gainers as traders welcomed the shift toward a sustainable, non-inflationary model.

Momentum also drew support from a fresh Binance-linked deal. Starting 25 September, Ethena will expand its basis-trading strategy into equity perpetual futures by acquiring tokenized bStocks and hedging via USDT margin shorts.

Based on information from https://cryptonews.net