- Topic
18k Popularity
18k Popularity
140k Popularity
3k Popularity
17k Popularity
- Pin
- 🎉 Hey Gate Square friends! Non-stop perks and endless excitement—our hottest posting reward events are ongoing now! The more you post, the more you win. Don’t miss your exclusive goodies! 🚀
🆘 #Gate 2025 Semi-Year Community Gala# | Square Content Creator TOP 10
Only 1 day left! Your favorite creator is one vote away from TOP 10. Interact on Square to earn Votes—boost them and enter the prize draw. Prizes: iPhone 16 Pro Max, Golden Bull sculpture, Futures Vouchers!
Details 👉 https://www.gate.com/activities/community-vote
1️⃣ #Show My Alpha Points# | Share your Alpha points & gains
Post your - 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
📍 Follow Gate_Square, vote and drop your reason.
🎁 4 winners split $100 Futures Voucher! - 💙 Gate Square #Gate Blue Challenge# 💙
Show your limitless creativity with Gate Blue!
📅 Event Period
August 11 – 20, 2025
🎯 How to Participate
1. Post your original creation (image / video / hand-drawn art / digital work, etc.) on Gate Square, incorporating Gate’s brand blue or the Gate logo.
2. Include the hashtag #Gate Blue Challenge# in your post title or content.
3. Add a short blessing or message for Gate in your content (e.g., “Wishing Gate Exchange continued success — may the blue shine forever!”).
4. Submissions must be original and comply with community guidelines. Plagiarism or re
Germany's Trump Partner Issues Stop Order on Altcoin: Price Dropped with Detection! - Coin Bulletin
BaFin identified serious deficiencies in the approval process of Ethena GmbH's USDe tokens and requested an immediate halt to the company's offering of USDe tokens to the public. Additionally, the company was instructed to freeze its asset reserves.
The Federal Financial Supervisory Authority of Germany (BaFin) found significant deficiencies in the USDe token issued by Ethena GmbH. BaFin pointed out that the company does not comply with MiCA regulations and that there are deficiencies in its business organization. This development led to Ethena halting the public offering of USDe tokens and freezing its asset reserves. However, company officials stated that this decision would not affect the trading of existing USDe tokens.
MiCA is a new regulatory framework established by the European Union for crypto assets. According to this regulation, companies issuing stablecoins are required to obtain a license. Ethena had started issuing the USDe token on June 28, 2024, and the company had not submitted its application by this date. BaFin announced that Ethena violated the MiCA regulations and therefore halted the trading of USDe tokens.
Ethena's response: "USDe Tokens Were Not Frozen"
After BaFin's decision, Ethena announced that it would not affect the trading of tokens and that USDe is fully supported. The company stated that all of its assets are available and none are frozen. It also announced that it would enter the process of updating its terms regarding future regulations. Ethena also emphasized that its applications under the MiCA regulations have not been approved but it will continue to work on alternative regulatory frameworks.
Ethena's ENA Token Lost Value
Following these developments, ENA, the governance token of Ethena, lost 6.5% of its value in the last 24 hours. This decline became even more pronounced after BaFin's announcement. Ethena is a protocol that generates income using a system based on cryptocurrencies such as Bitcoin (BTC) and Ether (ETH) to ensure the stability of the USDe token. However, BaFin's decisions have started to raise questions about how effective Ethena can be in the market.