In the dynamic world of decentralized finance (DeFi), stablecoins play a crucial role. They are designed to maintain a stable value, typically pegged to a fiat currency like the US dollar, acting as a reliable medium of exchange or store of value within the crypto ecosystem. However, maintaining this peg can be challenging, as evidenced […]
Big news shaking up the Decentralized Finance (DeFi) world! The prominent DeFi protocol, Synthetix (SNX), has put forward an exciting proposal. It aims to acquire Derive, formerly known as Lyra, a well-regarded decentralized options trading platform. This move could significantly reshape the landscape for both projects and the broader DeFi ecosystem. If you’re following the […]
The crypto market often delivers unexpected twists, and the recent action surrounding Synthetix (SNX) on South Korean exchanges is a prime example. We’ve witnessed a dramatic SNX price surge, particularly on the Upbit exchange, following news that would typically send prices plummeting. This counter-intuitive rally highlights the unique dynamics at play within the South Korea […]
Attention, cryptocurrency traders and holders! Major South Korean crypto exchange Bithumb has issued a significant announcement that impacts users holding or trading Synthetix (SNX) and Assemble AI (ASM). The exchange has officially designated both assets as ‘closely monitored assets’. This move comes as a direct result of a decision made by the Digital Asset eXchange […]
Attention crypto traders! News from South Korea’s largest crypto exchange, Upbit, is sending ripples through the market, particularly for holders of Synthetix (SNX). The popular decentralized finance (DeFi) protocol token has just been designated as a closely monitored asset. Why is Upbit Monitoring SNX? Upbit announced on its official website that the decision to designate […]
Get ready for a major upgrade in the world of decentralized finance! Synthetix founder Kain Warwick has announced exciting plans for the launch of Synthetix V4, the next iteration of their perpetual futures market. This update is scheduled to go live on the Ethereum Mainnet by the end of Q2, bringing significant enhancements to the […]
Is your sUSD stablecoin feeling a bit unstable lately? You’re not alone. The decentralized finance (DeFi) world can be a rollercoaster, and stablecoin pegs sometimes experience turbulence. But fear not, because Synthetix, a leading decentralized synthetic asset issuance protocol, is taking decisive action! Let’s dive into the exciting news about the launch of the sUSD […]
Hold onto your hats, crypto enthusiasts! The stablecoin world is experiencing another tremor as sUSD, the Synthetix-based stablecoin, is facing a significant depeg. Just when you thought the market was finding its footing, the sUSD price took a nosedive, briefly touching a chilling $0.869 on CoinMarketCap. Currently hovering around $0.8865, this dramatic dip has sparked […]
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