Coinbase Ventures Buys ENA on the Open Market as Coinbase and Ethena Strike Distribution Deal
- Coinbase Ventures just bought ENA on the open market. Yes, the open market. Not a discounted private round for their inner circle, but actual public trading. It’s like buying a Ferrari at MSRP because you’re too impatient to wait for the dealer discount. Meanwhile, Coinbase and Ethena are shaking hands to shove synthetic dollars and savings products into your face. Because nothing says "trust" like a partnership designed to monetize your fear of missing out on yield. Vira wants useful? Here it is: Big exchange backs DeFi protocol via direct purchase and distribution deal. The moonboys are screaming "adoption!" while the rest of us wonder if this is financial innovation or just another way to extract fees from retail hope. Enjoy your onchain dollars, folks.