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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.