In a thread on X this morning, Synthetix founder Kain Warwick offered a stark look into the inner workings of crypto market makers (MMs) and their evolution over the years.

Story Highlights The Yearn.Finance (YFI) price has been forming a macro reversal pattern after being trapped in a multi-year falling trend. Several prediction models forecast YFI price to retest its all-time high of around $100k by 2030.

A federal judge in Texas has ruled in favor of plaintiffs in a class action case against Bancor DAO, the organization behind the decentralized finance platform Bancor, after it failed to respond to legal summons.

A Texas federal judge has entered a default judgment against Bancor DAO, which operated the decentralized finance platform Bancor, after it failed to respond to an online summons. Judge Robert Pitman issued the judgment after Bancor DAO did not appear to defend itself following a summons that was posted on the DAO's forum in January 2024.

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Synthetix (SNX) is a decentralized finance (DeFi) protocol built on the Ethereum blockchain, allowing users to create and trade synthetic assets. These assets mirror the value of real-world assets such as commodities, currencies, and stocks.

Yearn Finance founder Andre Cronje said he left the crypto space due to intense scrutiny and inquiries from the U.S. Securities and Exchange Commission. New SEC Approach Prompts Cronje to Speak Out Andre Cronje, the founder of the decentralized finance (defi) platform Yearn Finance (YFI), said inquiries from the U.S.

Synthetix has announced that it will transition its perpetual markets on the Arbitrum network to a close-only mode.

The move is part of a strategic pivot by Synthetix to consolidate its operations and focus on Coinbase's Base network.

The DeFi protocol also launched an in-house perpetuals trading app.

Synthetix exchange relaunches with multi-collateral perpetuals on the Base network. The reboot of Synthetix comes with a new website, relaunch of its exchange, and upcoming launch of Synthetix Leveraged Tokens.

In a recent announcement, Binance revealed that it would be delisting several tokens from its platform's spot trading pairs on December 20, 2024. The tokens to be delisted include SUI, HMSTR, BNT, CYBER, and AEUR. Following the news, the prices of these tokens have already begun to drop by almost 10%.

The product is part of Synthetix's ongoing effort to revamp after a governance overhaul in October.

TL;DR Synthetix acquires TLX as part of its strategy to expand its product offerings and strengthen its DeFi ecosystem. Leveraged products in development: the protocol plans to relaunch TLX on the Base network after auditing and optimizing its infrastructure.

Decentralized finance (DeFi) protocol Synthetix has acquired the leveraged token platform TLX in a token-for-token deal. The post Synthetix Acquires TLX in Token-for-Token Deal appeared first on Cryptonews.

Synthetix said it plans to re-launch all TLX products on Base network after adding parameter improvements.

Blockchain projects thrive on innovation. The more developers push boundaries, the brighter a project's future becomes. This December, Santiment ranked the top ERC-20 tokens by development activity. From DeFi giants to Web3 pioneers, these tokens reflect where the blockchain world is headed. Let's take a closer look at who's making the most noise.

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TL;DR Synthetix has proposed acquiring Kwenta, an exchange derived from its ecosystem, to unify operations and enhance services. The acquisition values each KWENTA token at 17 SNX, with a token swap valued at $13.2 million. The integration would involve dissolving Kwenta's governance and merging it with SNX's Spartan Council.

DeFi protocol Synthetix is setting its sights on acquiring Kwenta, a derivatives exchange that emerged from Synthetix itself in 2020. The post Synthetix Eyes Acquisition of Former Spin-Off Kwenta to Bolster DeFi Derivatives appeared first on Cryptonews.

Synthetix, a well-known DeFi protocol for synthetic assets, has just announced the launch of version V3 on the layer-2 blockchain of Arbitrum.

The v3 launch marks the DeFi protocol's first big product rollout after a governance overhaul in October.

The derivatives liquidity protocol Synthetix (SNX) witnessed more development activity than any other project in the decentralized finance (DeFi) sector in the past 30 days, according to the crypto analytics firm Santiment. Synthetix aims to serve as a backend liquidity tool for user-facing DeFi projects, according to the protocol's whitepaper.

The crypto market adopted a bearish outlook following the recent economic figures. Early today, the United States Bureau of Labor Statistics revealed that the yearly inflation jumped to 2.4% and up 0.2% in September, surpassing market expectations.

The SR-2 proposal wants to address many of the concerns currently dragging down the Synthetix protocol.

Synthetix community approves a major protocol overhaul with 99.4% support, aiming to revitalize the project through token redesign, multi-chain deployment, and governance restructuring.

A new proposal looking to completely reboot DeFi protocol Synthetix has garnered 99.4% approval from community members.

Synthetix, a popular DeFi protocol, is facing challenges regarding its plans for Arbitrum, a layer-2 platform for Ethereum. According to the recent voting results, the community voted against its plans to extend its Long-Term Incentive Program (LTIP) grant.

With a new bull run in the crypto market, the YFI token price is on a bullish recovery run. Following the massive correction, the rise in trend momentum teases a rounding reversal in Yearn.Finance token. Further, the broader DeFi segment recovery increases the chances for Yearn. Finance's comeback.

The case highlights one of the many lawsuits filed by investors against service providers for financial losses in the volatile cryptocurrency market.

A Texas federal judge on Monday dismissed a securities class action lawsuit against Bancor protocol operators. The judge agreed with a magistrate judge's findings, stating that the plaintiffs failed to prove US courts had jurisdiction over the foreign defendants.

Snax Chain, built on OP Stack, launches September 15th, integrating Wormhole for secure, decentralized Synthetix V3 governance and cross-chain messaging.

Competition is mounting among DeFi derivatives protocols after Synthetix launched on Arbitrum in July.

Decentralized finance (DeFi) protocol Synthetix (SNX) is working toward launching its application blockchain, dubbed SNAXChain, according to a blog post published on September 4, 2024. Synthetix SNAXChain To Launch On Optimism's Superchain Infrastructure Ethereum-based derivatives liquidity protocol Synthetix is set to unveil SNAXChain, an application blockchain built on Optimism's Superchain infrastructure.

Leading DeFi protocol Synthetix joins Optimism's impressive Superchain line up.

TL;DR Synthetix launches SNAXchain: Built on Optimism's Superchain infrastructure, SNAXchain aims to enhance governance and expand to more chains and Layer 2 solutions. Optimism Superchain benefits: Expected to boost user interoperability and drive growth, leveraging optimistic rollups to reduce transaction costs.

Synthetix has introduced an application-specific blockchain named SNAXchain using Optimism's infrastructure.

Synthetix faces fierce competition on the DeFi-oriented layer-2.

Synthetix faces fierce competition on the DeFi-oriented layer 2.

You may have forgotten about Synthetix, but the market certainly hasn't.

It could be followed with deployments on Optimism and Base.

Synthetix founder Kain Warwick donated $86,000 in Illuvium tokens to former CFO SynthaMan after the latter lost his SNX holdings due to liquidation caused by market volatility and high-risk decisions.

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.

Bancor (BNT) has recently faced a notable decline in its price, slipping by 7% in the past 24 hours to a current value of $0.5829. Despite this short-term downturn, the token remains resilient, demonstrating a remarkable 56.6% increase over the past year.

The crypto market has been observing different kinds of assets take the spotlight every now and then, and the newest addition to this list is Real World Assets (RWA). Joining the Artificial Intelligence (AI) altcoins in terms of popularity and demand, these tokens are a different breed altogether.

The analyst/host of The House of Crypto took to his latest video and said that there's potential for a massive bounce back for altcoins, particularly as Bitcoin dominance appears to be declining. Historically, this has signaled the onset of an altcoin season.

TL;DR The real-world asset (RWA) token market is growing exponentially in 2024, thanks to the convergence of blockchain technology and traditional assets. Tokens such as Maker, Chainlink, and Algorand stand out for their unique propositions and potential to facilitate investment in real estate, art, and music through decentralized platforms.

Avalanche (AVAX), the leader of the Real-World Asset token category, currently has a valuation of $13.7 billion. Real-world assets (RWA) represent physical assets, like real estate or commodities, digitally tokenized on a blockchain, providing fractional ownership and liquidity.