Trade
Trading Type
Spot
Trade crypto freely
Pre-Market
Trade new tokens before they are officially listed
Margin
Magnify your profit with leverage
Convert & Block Trading
0 Fees
Trade any size with no fees and no slippage
Alpha
Points
Get promising tokens in streamlined on-chain trading
Leveraged Tokens
Get exposure to leveraged positions simply
Futures
Futures
Hundreds of contracts settled in USDT or BTC
Options
HOT
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Futures Kickoff
Get prepared for your futures trading
Futures Events
Participate in events to win generous rewards
Demo Trading
Use virtual funds to experience risk-free trading
Earn
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
NEW
Trade on-chain assets and enjoy airdrop rewards!
Futures Points
NEW
Earn futures points and claim airdrop rewards
Investment
Simple Earn
Earn interests with idle tokens
Auto-Invest
Auto-invest on a regular basis
Dual Investment
Buy low and sell high to take profits from price fluctuations
Soft Staking
Earn rewards with flexible staking
Crypto Loan
0 Fees
Pledge one crypto to borrow another
Lending Center
One-stop lending hub
VIP Wealth Hub
Customized wealth management empowers your assets growth
Private Wealth Management
Customized asset management to grow your digital assets
Quant Fund
Top asset management team helps you profit without hassle
Staking
Stake cryptos to earn in PoS products
BTC Staking
HOT
Stake BTC and earn 10% APR
GUSD Minting
Use USDT/USDC to mint GUSD for treasury-level yields
More
Promotions
Activity Center
Join activities and win big cash prizes and exclusive merch
Referral
20 USDT
Earn 40% commission or up to 500 USDT rewards
Announcements
Announcements of new listings, activities, upgrades, etc
Gate Blog
Crypto industry articles
VIP Services
Huge fee discounts
Proof of Reserves
Gate promises 100% proof of reserves
Arthur Hayes bets $1.22M on ENA tokens while diversifying position in ETH
In a strategic capital allocation move, the well-known cryptocurrency entrepreneur Arthur Hayes has moved significant volumes of Ethereum in recent days. The operation involved transferring $3.53 million in ETH, but part of the funds ( $1.5 million ) was recovered after security issues. The remaining resources were distributed among different protocols, notably the purchase of 1.22 million ENA tokens in the Ethena protocol.
Growing interest in quality DeFi protocols
Hayes has shown increasing preference for DeFi projects that stand out for their technological robustness. Ethena, which offers USDe ( a dollar-backed synthetic asset ), has been supported by the entrepreneur since 2023. With ETH trading at $2.92K and ENA at $0.21 in the current market, the strategy suggests investor confidence in the protocol’s value proposition.
What makes Ethena stand out
Ethena is a DeFi protocol built on the Ethereum network that offers innovative solutions for stabilizing digital assets through USDe. The platform attracts institutional and individual investors seeking decentralized alternatives for value preservation.
Market signals
In addition to the movement in ENA, Hayes continues selling ETH positions on social media, indicating a selective approach to resource allocation. This stance reflects the investor’s view on which DeFi projects truly offer solid fundamentals in an increasingly competitive and mature market.