Ethena Labs Forms Partnership with World Liberty Financial to Integrate sUSDe Token and Enhance Liquidity
Beginner
Daily Bits
Dec 19, 2024
2 min read
AI Summary
Show More
Quickly grasp the article's content and gauge market sentiment in just 30 seconds!
Detailed Summary
Daily Top Performer — Usual (USUAL)
The S&P 500 fell 2.95% after the Fed cut rates but reduced 2025 cut projections, raising inflation and growth forecasts, which drove up Treasury yields. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 2.71%, with Bitcoin and Ether dropping by 5.71% and 6.00%, respectively in the past 24 hours.
Today's top performer is USUAL, which surged 38.21% following the partnership announcement between Usual, Ethena, and BUIDL to enhance liquidity, yield, and composability in DeFi.