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Ethena targets TradFi adoption with synthetic dollar in 2025 roadmap

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Ethena’s “singular focus” for the first quarter of 2025 is the distribution of the “TradFi Wrapped” iUSDe synthetic dollar.

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S token drops 5% as 3 former execs resign from Sonic Labs board

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Andre Cronje, Michael Kong and David Richardson stepped down from the Sonic Labs board on Friday, while Matt Visser has been appointed as CEO, replacing Mitchell Demeter who resigned in February.

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$13B Bitcoin options expiry looms: Will bulls endure more pain in June?

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Bitcoin bears hold the upper hand in the upcoming Bitcoin options expiry, a potentially early warning that more BTC downside could unfold.

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Charles Schwab to enter prediction markets with S&P 500 wagers: WSJ

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The offering from the financial services company will reportedly only include yes-or-no bets on whether the S&P 500 closes above or below a target price.

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