Ether Enthusiasm Cools as ETFs Shed $505M in 4-Day Slide

[Trump Hints at Announcing Federal Reserve Chair Nominee] On September 6, Trump stated that he would soon announce the Federal Reserve Chair nominee.

[Ethena Foundation Launches New $310 Million Buyback Plan] BlockBeats News, September 6, Ethena announced an additional $530 million 'StablecoinX' PIPE transaction, and the foundation has launched a new $310 million open market buyback plan. BlockBeats previously reported that on July 21, stablecoin issuer StablecoinX announced the completion of $360 million in financing, aimed at acquiring ENA tokens, with plans to list Class A common stock on the Nasdaq Global Market under the ticker symbol 'USDE.' Among them, the Ethena Foundation will contribute $60 million worth of ENA tokens. To initiate the acquisition plan, StablecoinX will use the $260 million net cash proceeds from the financing (after deducting related expenses) to purchase locked ENA tokens from a subsidiary of the Ethena Foundation.

Bitget ENA/USDT's perpetual trading volume surged 6 times within 10 minutes, with a turnover of 89.8 million US dollars in the past 24 hours, an increase of 5.11% A surge in trading volume generally indicates an increase in market trading activity or large-scale fund buying and selling operations, which may be caused by certain important market changes or news announcements. According to AiCoin data, the comprehensive ranking of Bitget contracts ranks fourth globally

According to the weekly report on cryptocurrency holdings released by CME, BTC holdings amounted to 26684, a decrease of 2.90% compared to the previous period; There are 37915 ETH holdings, a decrease of 13.54% compared to the previous period.

The spot bitcoin ETFs saw $284 millions of inflows over the same period, signaling a stark divergence in investor sentiment.