The Ethereum I bought earlier: ethereum:0x57e114b691db790c35207b2e685d4a43181e6061 has gone up by 70%+, holding onto it feels pretty good. I’m optimistic about Ethena continuing to rise. Speaking of which, USDe has been making some big moves recently. One of them is being included in Binance Wallet’s Hold to Earn program. The first batch only supports 3 assets, and USDe is one of them. Currently, the reward APR can go as high as 4.75%. Once activated in the Binance Wallet, holding eligible USDe automatically accumulates rewards—no staking, no locking up funds. Assets can still be traded or transferred anytime. If you already hold USDe, it’s basically an extra option to earn rewards directly in your wallet. Another development I’m paying attention to is how Ethena and Binance are expanding the Basis Trade / Delta-neutral strategies, which were mainly used in the crypto market, into the stock market. To put it simply, they’re using tokenized stocks (bStocks) as spot assets and hedging price fluctuations through stock perpetual contracts. This means the range of assets potentially backing USDe is starting to extend from crypto to stocks and RWA (real-world assets). According to Ethena, the underlying market they can potentially tap into is expanding from the ~$2.5 trillion crypto market to the $150+ trillion RWA market. These two developments actually align with two key directions for Ethena moving forward: One is to make USDe appear in more real-world use cases, encouraging users to hold and use it. The other is to continue broadening the sources of assets and yields behind it, leaving more room for USDe’s future growth. As for how much value these initiatives can ultimately bring to ethereum:0x57e114b691db790c35207b2e685d4a43181e6061, that’s something to keep tracking. But USDe is simultaneously expanding both "how it’s used" and "what drives its growth," which is why I’ll keep paying attention to Ethena.