Recently, the crypto community has been focused on the liquidation risks facing Ethereum positions and BlockDAG's successful launch.
Ethereum Liquidation Risks
Two large Ethereum positions are on the edge of a $238 million liquidation. The strategic borrowing involves $143.68 million in DAI against a collateral of 125,000 ETH. Liquidation key levels are at $1,805 and $1,787, putting these positions at significant risk if prices fall further.
Ethena Labs’ Measures and New Opportunities for ENA
Ethena Labs introduced a new sUSDe yield pool in collaboration with Pendle. This move could enhance ENA interest and fundamentals. The pool will be active until July 31, 2025, drawing interest from yield-focused users.
BlockDAG's Success and Market Prospects
BlockDAG saw impressive success, raising $5 million within 48 hours post-Keynote 3. The project plans to launch a full DeFi ecosystem on its mainnet from the start, including staking, lending, and swaps.
The potential liquidation of Ethereum positions highlights the instability of large leveraged positions in volatile markets. While Ethena Labs strengthens ENA's position, BlockDAG's success shows readiness for a full-scale launch and competition with major platforms.
