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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...
First Digital redeems $26M after FDUSD depeg, dismisses Sun insolvency claims
4.4.2025
First Digital has redeemed almost $26 million in stablecoin withdrawals after its FDUSD token briefly lost its US dollar peg following allegations of insolvency by Tron founder Justin Sun.First Digital USD (FDUSD) depegged on April 2, briefly falling as low as $0.87 after Sun claimed that First...
Wintermute transfers $75M FDUSD since depegs, in $3M arbitrage opportunity
3.4.2025
Market makers’ blockchain transactions point to a potential $3 million arbitrage opportunity related to the depegging of the FDUSD stablecoin.The First Digital US dollar-pegged stablecoin (FDUSD) depegged on April 2, after Tron founder Justin Sun claimed that the stablecoin issuer...
Usual Protocol to activate ‘revenue switch’ after USD0++ depegs
11.1.2025
Usual Protocol has introduced a revenue-sharing model to stabilize its ecosystem following USD0++ depegging from $1
Usual Protocol to activate ‘revenue switch’ after USD0++ depegs
11.1.2025
Usual Protocol has introduced a revenue-sharing model to stabilize its ecosystem following USD0++ depegging from $1
Usual Protocol to activate ‘revenue switch’ after USD0++ depegs
11.1.2025
Usual Protocol has introduced a revenue-sharing model to stabilize its ecosystem following USD0++ depegging from $1
Usual Protocol to activate ‘revenue switch’ after USD0++ depegs
11.1.2025
Usual Protocol has introduced a revenue-sharing model to stabilize its ecosystem following USD0++ depegging from $1
Usual Protocol to activate ‘revenue switch’ after USD0++ depegs
11.1.2025
Usual Protocol has introduced a revenue-sharing model to stabilize its ecosystem following USD0++ depegging from $1
Usual Protocol to activate ‘revenue switch’ after USD0++ depegs
11.1.2025
Usual Protocol has introduced a revenue-sharing model to stabilize its ecosystem following USD0++ depegging from $1
Usual Protocol to activate ‘revenue switch’ after USD0++ depegs
11.1.2025
Usual Protocol has introduced a revenue-sharing model to stabilize its ecosystem following USD0++ depegging from $1
Usual Protocol to activate ‘revenue switch’ after USD0++ depegs
11.1.2025
Usual Protocol has introduced a revenue-sharing model to stabilize its ecosystem following USD0++ depegging from $1
Usual Protocol to activate ‘revenue switch’ after USD0++ depegs
11.1.2025
Usual Protocol has introduced a revenue-sharing model to stabilize its ecosystem following USD0++ depegging from $1
Usual Protocol to activate ‘revenue switch’ after USD0++ depegs
11.1.2025
Usual Protocol has introduced a revenue-sharing model to stabilize its ecosystem following USD0++ depegging from $1
Usual Protocol to activate ‘revenue switch’ after USD0++ depegs
11.1.2025
Usual Protocol has introduced a revenue-sharing model to stabilize its ecosystem following USD0++ depegging from $1
Usual Protocol to activate ‘revenue switch’ after USD0++ depegs
11.1.2025
Usual Protocol has introduced a revenue-sharing model to stabilize its ecosystem following USD0++ depegging from $1