We are excited to announce four updates regarding the Ethena ecosystem, further details on each point are provided in the blog linked below:
1. Buyout of early investors:
The Ethena Foundation executed a buyout of all locked tokens from certain major seed investors that sold any ENA within the last 9 months.
2. Alignment of Token & Equity:
The Ethena Foundation and Ethena Labs have reached agreement on a Master Framework Agreement, whereby IP and ownership of value accrued by the protocol is assigned to the Foundation exclusively and governed by token holders with no residual cash flow due to equity investors in the Labs entity.
3. Revenue Buybacks:
Governance proposal now live for the implementation of the fee switch whereby net revenue accrued across all business lines under the Ethena brand will be used to programmatically buy back the ENA token.
The vote for revenue buyback fee switch implementation is now here, and has already been approved by the Risk Committee:
https://t.co/2urvkqlE6N
4. Removal of monthly VC unlocks:
The Ethena Foundation and lead investors have agreed to eliminate future overhang associated with monthly VC investor unlocks by releasing unvested tokens. All team tokens remain locked per the original vesting schedules.
Further details and documentation is provided in the blog linked below:
🚨SOLANA CO-FOUNDER SAYS IT JUST CLEARED A BIG QUANTUM HURDLE!
Solana Labs co-founder @toly said the biggest post-quantum constraint is now gone. He said builders can put three PQC signers, each on a different scheme, into one multisig smart wallet and rotate the schemes as the implementations mature.
That follows SIMD-0296 going live on mainnet today as Transaction V1, lifting the size cap from 1,232 bytes to 4,096.
$TAO is entering the mainstream conversation
@nvidia CEO Jensen Huang talking $TAO with @chamath on @theallinpod.
FYI: Grayscale Bittensor Trust $GTAO is open for private placement for eligible accredited investors.
Matt Hougan breaks down the five narratives that make this bull market more durable than previous rallies
"I think there are, like, four narratives that are working in crypto, maybe five. This isn't just a crypto bid, which is what we previously saw in the past."
"I think Bitcoin is being driven by the debasement bid. I think there's a stablecoin and tokenization bid that is lifting things like Ethereum and Solana and Chainlink and other assets in that space."
"I think there's an improving tokenomics bid, where people are excited about assets with cash flow, I think that's why you're seeing Hyperliquid. I think if there was a Uniswap ETF, it would be doing well."
"Then I think there is the Zcash privacy bid. The other bid is probably this retail degen."
"The reason I raise all those is, like, that's a really robust bull market. When it's just risk-on, risk-off, we're one tweet away from Scott Bessent going into a bear market. But that's not what it is right now."
"It's debasement, it's tokenization, it's improving tokenomics, it's privacy, it's memetic culture. All of those are firing at once."
"Really, the market has turned because you have all these narratives working at once."
🚨HUGE: South Korea officially commits to moving its entire stock market onto the blockchain.
The financial regulator unveiled a three-phase roadmap to tokenize stocks, bonds and funds, starting February 2027.
It will pilot tokenized listed stocks through the Korea Exchange, referencing the NYSE and Nasdaq.
The final phase puts both securities and payments fully onchain, settled with stablecoins.
Making Sui quantum ready: Sui is adding two NIST-approved quantum-resistant signature schemes. One for everyday accounts, one for high-value Move vaults.
Existing accounts can rotate to a quantum-safe key derived from their recovery phrase. Same address, and funds stay put.
Google's CEO just revealed why 2026-2030 is the last opportunity for regular people to get rich.
Here’s exactly what he said…
& how you can capitalize:
🚨 EXCL : Arsenal Football Club have personal terms agreed in principle with Vinicius Junior. Roc Nation will go armed into negotiations with Real Madrid with a monstrous offer from the English Champions…….over to you Vinicius Junior. Story W/ @MrArsenicTM
According to well placed sources, Arsenal will present a package that will total in the region of £80m for Bruno G.
Personal terms agreed.
Eddie Howe was told weeks ago, the club were considering the sale of the talisman.
BREAKING: MACRON ON IRAN:
Iran is a very bad regime no discussion about that. I disagree with them on a lot of topics.
But I don’t believe that we will fix the situation just by bombings or by military operations.
Look at what happened with this type of operation in Iraq, in Afghanistan, in Libya, we never delivered. Never. Even after 20 years.
So you have to respect the sovereignty of people. If people want to change a regime, they want to react, step up, they can do so.