#ena
2 stories
Markets2d ago
StablecoinX Pushes $6.9M of Defaulted SPAC Debt Into Future Equity Instead of Cash
The Ethena-linked treasury company will settle old notes with about $344,000 in cash and warrants for roughly 7.6 million shares — dilution deferred, not avoided.
The Latest Desk
Mar 25
Ethena v2 Returns $210M in Oversubscribed Funds Rather Than Raising Cap
The team's decision to refund rather than accept an expanded raise has been met with praise from long-time holders and mild irritation from market-making desks.
Priya Shankar