PANews reported on November 25 that, according to Onchain Lens monitoring, a wallet associated with Ethena Labs purchased 25 million ENA tokens from Bybit, worth $6.7 million.
The wallet currently holds 285.15 million ENA, with a total value of $76.46 million.



While Silicon Valley dominates Web2, emerging markets like the UAE and Singapore lead DePIN adoption with better regulations and real infrastructure needs. Opinion by: Yanal M. Hammouda, head of market expansion at WingbitThe decentralized physical infrastructure network (DePIN) sector saw $150 million of capital flow during Q1 2025, with a projected market size of $3.5 trillion by 2028. Yet the most significant development isn’t the capital raised but where these networks operate. Emerging markets like the Middle East, Southeast Asia and South America — rather than Silicon Valley — are driving the future of DePIN adoption. Read more