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South Korean Exchanges Upbit, Bithumb Suspend SNX Deposits After Warning from DAXA

South Korean Exchanges Upbit, Bithumb Suspend SNX Deposits After Warning from DAXA

Leading South Korean crypto exchanges Upbit and Bithumb have suspended deposits for Synthetix (SNX) following an alert by the DAXA. The post South ...
SNX Price Soars 7% as Synthetix Founder Talks Tough on sUSD Depeg Fix

SNX Price Soars 7% as Synthetix Founder Talks Tough on sUSD Depeg Fix

Coinspeaker SNX Price Soars 7% as Synthetix Founder Talks Tough on sUSD Depeg Fix Synthetix (SNX) price shot up 7% in the past 24 hours as founder ...
Synthetix Founder Warns SNX Stakers to Embrace New Mechanism or Face ‘The Stick’

Synthetix Founder Warns SNX Stakers to Embrace New Mechanism or Face ‘The Stick’

Synthetix founder Kain Warwick has urged SNX stakers to adopt the protocol’s newly launched staking mechanism aimed at restoring the dollar peg of ...
Solana Outpaces Ethereum in Staking, But Not Without Tradeoffs

Solana Outpaces Ethereum in Staking, But Not Without Tradeoffs

Solana briefly overtook Ethereum in total staked value, which restarted debates over whether high staking yields are good or harmful to network gro...
Stablecoin Sinks to $0.68: sUSD Loses Its Peg, Sparks Fears of SNX Death Spiral?

Stablecoin Sinks to $0.68: sUSD Loses Its Peg, Sparks Fears of SNX Death Spiral?

Synthetix’s sUSD stablecoin has plunged as low as $0.68, losing its dollar peg amid structural changes, sparking fears of a broader DeFi crisis and...
sUSD Drops Below $0.7 as Synthetix Stablecoin Faces Prolonged Depeg

sUSD Drops Below $0.7 as Synthetix Stablecoin Faces Prolonged Depeg

Synthetix's sUSD stablecoin has crashed below $0.70 marking its worst depeg in years as collateral changes backfire.
sUSD Crashes Below $0.77: Synthetix Faces Challenges After Major Protocol Changes

sUSD Crashes Below $0.77: Synthetix Faces Challenges After Major Protocol Changes

The sUSD, an EOS-based synthetic asset, has tumbled to $0.77, raising eyebrows among investors. This depeg occurs after new changes were made to th...
Synthetix Stablecoin (sUSD) Depegs, Drops to $0.83

Synthetix Stablecoin (sUSD) Depegs, Drops to $0.83

Synthetix's sUSD suffers second major depeg in a year, with founder Kain Warwick warning of volatility during peg mechanism transition.
What’s Up With Synthetix Stablecoin (sUSD) as USD Peg Drops to $0.83?

What’s Up With Synthetix Stablecoin (sUSD) as USD Peg Drops to $0.83?

Coinspeaker What’s Up With Synthetix Stablecoin (sUSD) as USD Peg Drops to $0.83? Synthetix’s stablecoin, sUSD, has plunged to a five-year low of $...
Synthetix stablecoin sUSD de-pegged, falling under $0.90

Synthetix stablecoin sUSD de-pegged, falling under $0.90

Synthetix had another de-peg of its asset-backed sUSD token. The stablecoin slid to $0.83 due to the transitional period of minting from a new stak...