The crypto market saw notable moves: Story (IP) traded around $11.75 after a sharp daily and weekly rise, alongside a reported increase in trading volume. Ethena (ENA) also drew attention after Arthur Hayes discussed a $1.50 level and disclosed a sizable ENA purchase, while Ethena’s USDe listing on Binance was cited by market participants as a potential catalyst for the project’s broader DeFi activity.
The article also highlights BlockDAG, which the project says has raised nearly $410M through a token sale and has continued development activity ahead of a planned testnet.
BlockDAG’s “Awakening Testnet,” scheduled for Sept. 25, is presented by the team as a public test focused on miner integration and network activation at scale. Any timelines, participation numbers, and pricing referenced below are based on project statements and are not independently verified in this article.
Story IP Hits $11.75 After Volume Spike
Story IP has traded around $11.75 after rising nearly 19% over 24 hours and more than 30% over the past week. Its market capitalization was described as above $3.1 billion, while trading volume was reported to have increased sharply to around $652 million. Commentary around the move has referenced token buybacks and exchange listings, with Upbit cited as a major source of daily trading activity. Some observers have also pointed to growing institutional participation, though the extent of that activity is difficult to confirm from public data alone.
On the technical side, Story IP was described as breaking past resistance at $10.26 and trading above its 7-day moving average. The RSI was cited at 68, which can indicate strength but also suggests the asset may be nearing overbought conditions, while MACD indicators were referenced as supportive of continued momentum. Technical levels such as $13.46 on the upside and $9.34 on the downside were presented as possible scenarios by some market watchers, but short-term moves remain uncertain and highly volatile.
Arthur Hayes Backs ENA with $1M Buy-In
Arthur Hayes, co-founder of BitMEX, has disclosed an additional Ethena (ENA) purchase of about 1.34 million tokens worth more than $1 million, bringing his reported holdings to roughly 4.45 million ENA. Hayes has also discussed a $1.50 price level, citing chart-based signals, though such targets are speculative and not guarantees of future performance.
A frequently cited development is the listing of Ethena’s synthetic dollar, USDe, on Binance. Some commentary has linked this to Ethena’s fee-switch mechanism, described as a feature intended to redirect protocol revenue toward ENA buybacks, although the effect and timing depend on how the mechanism is implemented and used.
In recent sessions, ENA was reported to have risen by roughly 10%, while trading volume increased significantly. These indicators may reflect heightened interest, but they can also shift quickly, particularly during broader market volatility.
BlockDAG Token Sale and Testnet Plans
BlockDAG is described by its team as a network that is already running parts of its ecosystem ahead of a full launch. The project has reported more than 3 million users on its X1 mobile app, around 20,000 ASIC miners shipped, and thousands of developers working on decentralized applications. These figures are provided by the project and are not independently verified here.
According to the team, the “Awakening Testnet” planned for Sept. 25 is intended to stress-test system components including miner integration, chain activation, and related tooling. As with most early-stage networks, testnet milestones do not guarantee mainnet outcomes.
The project also states that it has raised nearly $410 million and sold 26.2 billion BDAG coins via a token sale, and that a current sale price is $0.0013. Any references to future listing prices or longer-term price targets are speculative and should be treated as marketing or opinion rather than forecastable outcomes.
Participation levels in early-stage token sales can change quickly, and reported holder counts or demand indicators may be difficult to verify independently. Readers should evaluate primary-source documentation and risks carefully before considering any involvement.
Final Thoughts
Story (IP) and Ethena (ENA) have both seen heightened activity alongside specific narratives (buybacks and exchange flows for IP; public commentary and USDe-related developments for ENA). Separately, BlockDAG is promoting its reported fundraising progress and an upcoming testnet milestone. Each of these assets and projects carries distinct risks, and market conditions can shift rapidly.
This article is for informational purposes only and does not constitute financial or investment advice. This outlet is not affiliated with the project mentioned.
Website: https://blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
This article contains information about a cryptocurrency token sale. This outlet is not affiliated with the project mentioned. As with any initiative within the crypto ecosystem, readers should do their own research and consider the risks. This article is for informational purposes only and does not constitute financial or investment advice.
