StablecoinX appointed former Franklin Templeton digital asset executive Christopher Jensen as CEO, putting him in charge of the largest corporate holder of Ethena’s ENA token.Jensen succeeds Ted Chen, who led StablecoinX through its public listing in June and will remain chairman of the company’s board.StablecoinX, which trades on Nasdaq under the ticker USDE, is a publicly listed company focused on the Ethena ecosystem. Ethena issues USDe, a synthetic dollar that ranks as the fifth-largest stablecoin with nearly $4.4 billion in circulation, according to DefiLlama data. ENA, Ethena’s governance token, gives holders voting rights over changes to the protocol.StablecoinX holds about…

In brief Cronos says it reversed approximately $111.2 million tied to the Tectonic exploit by rolling back its blockchain. The intervention discarded 1 hour 54 minutes of transactions, including activity unrelated to the attack. Approximately $9.19 million left the network before validators halted it and remains unrecovered. Cronos, a blockchain network backed by Crypto.com, erased nearly two hours of transaction history to reverse approximately $111.2 million tied to an exploit of lending protocol Tectonic, according to a network post-mortem on Monday.According to the developers behind Cronos, validators reversed completed transactions to protect roughly 92% of affected funds still on the…

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