Today’s crypto coverage focused on operational security at a major wallet provider, a bank’s bullish forecast for a token tied to a dollar stablecoin, enterprise pilots on Cardano, and a developer testnet bringing apps to Dogecoin.
MetaMask withdraws from affected Ethereum validators
MetaMask announced it is addressing a security incident that affects part of its infrastructure and is proactively withdrawing from the affected Ethereum validators on the Lido protocol. The company said the measures apply exclusively to validators within its non‑custodial staking service and that it has found no direct threat to MetaMask wallets. MetaMask expects the withdrawal to be completed by October 7, with funds returned gradually following an Ethereum cycle that could take up to 45 days.
Standard Chartered sets ENA price target amid projected USDe growth
Standard Chartered initiated coverage of Ethena’s ENA token with a price target of $2 by the end of 2028, a figure the bank said is roughly 600% above current levels. The analyst noted a forecast where the supply of Ethena’s USDe stablecoin would grow from $4.9 billion today to around $40 billion by 2028. Ethena is said to be expanding the yield sources that back USDe beyond traditional basis trades to include securitized assets and equity perpetual futures; under the bank’s scenario, if USDe reaches $40 billion without an ENA price change, annual token buybacks would equal about 23% of ENA’s circulating value.
Petrobras pilots Cardano applications for sustainable fuels
Brazil’s state‑owned oil company Petrobras has developed two applications on the Cardano blockchain in collaboration with the Cardano Foundation and PUC‑Rio to track environmental claims tied to sustainable aviation fuel and renewable diesel (Diesel R). One application uses a Book‑and‑Claim model that decouples the environmental benefit from the physical fuel and uses tokens compliant with the CORSIA standard, while the other establishes digital checkpoints for production, transport and use of Diesel R. The announcement did not include specific volumes or a timeline for wider implementation.
DogeOS testnet aims to bring apps to Dogecoin
The MyDoge wallet team launched the public testnet for DogeOS, an EVM‑compatible layer intended to let applications such as lending and gaming run on Dogecoin without changing the base layer. Fees on the testnet are paid in DOGE, and the project is distributing 42,069 testnet DOGE per day. Several projects, including Superposition Finance and Derps, are already participating. No mainnet launch date was announced.
What these developments show
The stories together illustrate distinct trends in the industry: custodial and non‑custodial infrastructure remain exposed to operational security issues even when user wallets are unaffected; traditional finance is increasingly publishing scenario analyses for crypto protocols and tokens; large corporates and state‑linked entities are experimenting with blockchains for environmental claims; and developer work continues to extend utility on networks that previously focused on payments. Each item reflects different stages of adoption, from risk mitigation to pilot projects and market forecasts.
Note: the episode’s creator flagged that some names or references may contain errors due to dyslexia; this report reflects the information provided in the episode’s story list and is for informational purposes only, not investment advice.