ENA surged 25.83% following Ethena’s Binance integration, which expanded its basis-trading strategy by integrating tokenized equities as spot collateral. This expansion exposed Ethena to the real-world asset market valued at approximately $150 trillion, compared to the initial $2.5 trillion crypto market. Spot trading volume increased 78.25% to $1.11 billion, while exchange flows reversed from roughly $4.4 million in outflows on September 25 to approximately $745.58K in net inflows. On the derivatives side, trading volume rose 73.67% to $1.74 billion with Open Interest expanding 39.64% to $832.99 million. The key $0.30 resistance level remains crucial to break for a potential extension toward the $0.50 area.
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