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Upbit and Bithumb suspend Synthetix token deposits citing sUSD risks
24.4.2025
South Korean exchanges Upbit and Bithumb have suspended deposits for Synthetix (SNX) tokens after it was flagged by the Digital Asset Exchange Alliance (DAXA) for potential risks.DAXA, the self-regulatory organization establishing industry standards for South Korean exchanges, designated SNX as...
Upbit and Bithumb suspend Synthetix token deposits, citing sUSD risks
24.4.2025
South Korean exchanges Upbit and Bithumb have suspended deposits for Synthetix (SNX) tokens after it was flagged by the Digital Asset Exchange Alliance (DAXA) for potential risks.DAXA, the self-regulatory organization establishing industry standards for South Korean exchanges, designated SNX as...
Synthetix founder threatens SNX stakers with ‘the stick’ to fix SUSD depeg
21.4.2025
Synthetix founder Kain Warwick has threatened SNX stakers with “the stick” if they don’t take up a newly launched staking mechanism to help fix the protocol’s ongoing sUSD (SUSD) depeg.Warwick said in an April 21 post to X that it has now implemented a sUSD staking mechanism...
Synthetix founder threatens SNX stakers with ‘the stick’ to fix SUSD depeg
21.4.2025
Synthetix founder Kain Warwick has threatened SNX stakers with “the stick” if they don’t take up a newly launched staking mechanism to help fix the protocol’s ongoing sUSD (SUSD) depeg.Warwick said in an April 21 post to X that it has now implemented a sUSD staking mechanism...
Synthetix’s sUSD stablecoin continues fall after depeg, tapping $0.68
18.4.2025
The Synthetix protocol’s native stablecoin, Synthetix USD (SUSD), has slipped further away from its US dollar peg, reaching new all-time lows under $0.70. However, the firm reiterates that this isn’t the first time the asset has been under significant stress, and several risk...
Synthetix USD stablecoin loses dollar peg, drops to 5-year low of $0.83
10.4.2025
The Synthetix protocol’s native stablecoin, Synthetix USD (sUSD), fell to its lowest value in five years, extending a months-long struggle to maintain its $1 peg.The asset has faced persistent instability since the start of 2025. On Jan. 1, sUSD dropped to $0.96 and only rebounded to $0.99...
Synthetix launches multi-collateral perps on Base amid revamp
18.12.2024
The DeFi protocol also launched an in-house perpetuals trading app
Synthetix launches multi-collateral perps on Base amid revamp
18.12.2024
The DeFi protocol also launched an in-house perpetuals trading app
Mass, Synthetix to launch mobile DeFi perps trading app
12.12.2024
The product is part of Synthetix's ongoing effort to revamp after a governance overhaul in October
Synthetix, Kwenta launch v3 perpetuals on Arbitrum
24.10.2024
The v3 launch marks the DeFi protocol’s first big product rollout after a governance overhaul in October.
Synthetix activist investor ‘overhaul’ gathers 99% approval from SNX holders
1.10.2024
A new proposal looking to completely reboot DeFi protocol Synthetix has garnered 99.4% approval from community members.
New Synthetix app chain aims for cross-chain liquidity for SNX staking, perps
6.9.2024
Competition is mounting among DeFi derivatives protocols after Synthetix launched on Arbitrum in July
Synthetix betting on new ‘multi-collateral’ perps ahead of Arbitrum rollout
23.8.2024
Synthetix faces fierce competition on the DeFi-oriented layer 2.
Synthetix betting on new ‘multi-collateral’ perps ahead of Arbitrum rollout
23.8.2024
Synthetix faces fierce competition on the DeFi-oriented layer 2.
Sythetix betting on new 'multi-collateral' perps ahead of Arbitrum rollout
23.8.2024
Synthetix faces fierce competition on the DeFi-oriented layer-2.
Synthetix to add Chainlink when v3 exchange launches on Arbitrum
9.8.2024
It could be followed with deployments on Optimism and Base
Synthetix Founder Appears to Have Sent Portion of Company Funds to Beleaguered Ex-Treasurer: EmberCN
7.8.2024
On-chain data shows that Synthetix founder Kain unlocked $6.5 million from the company's treasury and donated $86k to SynthaMan, the company's former treasurer that was liquidated during last week's market plunge
Synthetix stablecoin, sUSD, becoming more scalable and decentralized
17.5.2024
sUSD, Synthetix’s stablecoin, is undergoing a critical phase in preparation for the V3 release, which will result in enhanced decentralization and upgradability. The previous V2x mechanism encouraged participation by minting the SNX token. It differs from the present version in that it brings...
Synthetix Stablecoin SUSD Drops Below $1 Parity, Struggles to Rebound
17.5.2024
According to current market prices, the synthetix usd (SUSD) stablecoin has fallen from its intended $1 parity. Charts show the token dipped to a low of $0.915 and is now trading at $0.958 per unit as of 8 a.m. EDT on Friday. SUSD Stablecoin Plunges to $0.915 Another stablecoin faces challenges...
Memecoins’ mass appeal makes it valuable to DEXs: Kain Warwick
3.5.2024
Memes might be the “most simplistic connection” between financialization, tokenization and culture, says Kain Warwick