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Synthetix (SNX) founder Kain Warwick thinks US regulators would have been better off steering clear of initial coin offerings (ICOs). Warwick says the U.S. Securities and Exchange Commission's (SEC) response to ICOs was “schizophrenic and bumbling” and generated a worse outcome for the sector than if the regulator hadn't done anything at all.
On Feb. 1, 2024, the independent, nonprofit stablecoin assessment entity Bluechip made a noteworthy declaration. They officially bestowed an F grade upon Synthetix's fiat tokens SUSD and SEUR, alongside Beanstalk's dollar-pegged asset BEAN.
The crypto markets have evolved ever since their inception with new projects that have come up with different use cases. DeFis thrived in 2020, NFTs in 2021, and a recent addition was the AI tokens, which have displayed their strength very frequently.
Synthetix, a decentralized crypto derivatives marketplace, has deployed V3 of its perpetuals contracts protocol on Base.
DeFiance Capital CEO Arthur Cheong says he's watching three altcoins that he believes are fulfilling crypto's strongest narratives. In a new interview with the When Shift Happens YouTube channel, Cheong says that crypto and blockchain technology are primed to fulfill the needs that the fintech industry once catered to.
Altcoins are feeling the heat amid the spot Bitcoin exchange-traded fund (ETF) approval saga. Following the fake news posted on Tuesday after the Securities and Exchange Commission (SEC) X account was hacked, Bitcoin price briefly rallied above $47,000 leaving out most top altcoins except Ethereum.
Synthetix, a leading decentralized finance (DeFi) platform, has introduced its Andromeda Release, marking a transformative moment in its journey. The update brings several features to the forefront, including Core V3, Perps V3, and the adoption of USDC as a new form of collateral.
As per the official update on its X account, Andromeda, released on Base Network, directs 40% of the Perps V3 Fees towards purchasing and burning SNX using contracts inspired by Yearn Finance. Synthetix (SNX) Unveils Deflationary Upgrade with Andromeda Release Synthetix, a decentralized liquidity protocol, has initiated a deflationary strategy with its recent Andromeda upgrade on Base Network.
Synthetix (SNX), a decentralized liquidity provisioning protocol, is entering a new era with the recent release of Andromeda, an upgrade that has brought a deflationary mechanism to the protocol's Perps V3 engine. According to the update shared on its official X account, following the release of Andromeda on Base Network, 40% of the Perps V3 Fees will be allocated to buying back and burning SNX through Yearn Finance-inspired contacts.
Kain Warwick, the founder of Synthetix, shared his insights on the Ethereum network's prospects for 2024 during a CNBC interview on 3 January 2024. Warwick reflected on Ethereum's journey in 2023, noting the absence of a significant catalyst despite steady progress, including the Shanghai upgrade and a gradual price recovery.
The market is currently experiencing an enormous pullback after nearly a month of continuous gains. According to Coingecko, the broader crypto market is down nearly 3% as major cryptocurrencies like Bitcoin, Ethereum, and XRP drop from year-to-date highs.
Members of the Synthetix derivatives protocol community have given the green light to a governance proposal, SIP-2043, which seeks to halt the inflation of the SNX token.
Synthetix, the prominent decentralized finance platform, recently announced a pivotal decision with the successful implementation of the Synthetix Improvement Proposal (SIP) 2043 by the governance. This event marks the end of SNX token inflation, a significant change impacting both token holders and liquidity providers.
Synthetix ended an era of inflationary incentives for stakers, electing to make SNX deflationary and introducing a new buyback-and-burn system, sparking a strong token price rally.
The Synthetix (SNX) price has increased considerably this week, reaching a nearly 600-day high of $4.95.
Cecentralized synthetic asset protocol Synthetix approved governance proposal SIP-2043, aimed at terminating SNX token inflation.
Synthetix, the decentralized derivatives protocol, has seen its community members overwhelmingly approve the governance proposal SIP-2043. This pivotal decision marks the end of token inflation for Synthetix's native token, SNX, and paves the way for a new era of strategies, centered around token buybacks and burns.
Injective (INJ), KuCoin Token (KCS), Immutable (IMX), and Synthetix (SNX) have been the top gainers in the previous 24 hours. Bulls in injectable (INJ) led the rally, driving the price to a 52-week high of $23.71 from an intra-day low of $19.38.
Following the long-term consolidation in 2023, Synthetic makes a stellar comeback like a phoenix rising from its ashes. The SNX price bouncing from the $1.44 support challenges the overhead resistance of the consolidation range and teases an upside break in Synthetix.
As the crypto market enters into what could be considered to be another bull market, one analyst known as MacnBTC has come forward to give a list of altcoins that could do well going forward. The list includes altcoins currently listed on the largest crypto exchange in the world, Binance, making them very easy to get.
The cryptocurrency industry has gained over 1.5% within the past day, indicating a bullish influence in the market. Further, the market concluded the previous month on a positive note as major tokens recorded a new yearly high during this time.
In recent times, the world of cryptocurrencies has been the subject of increasing attention and interest, recently Altcoins as well. Internet search for altcoins and related projects has seen a notable increase in the last period.
Synthetix (SNX), currently ranked as the 54th largest cryptocurrency by market capitalization, has been on an impressive upward trajectory in recent times. Over the past 30 days, SNX has surged by a remarkable 60%, while its year-to-date performance showcases a staggering price increase of over 108%.
Synthetix (SNX), currently positioned as the 54th largest cryptocurrency, has been closely aligned with the overall market trend. Over the past 30 days, SNX has experienced a substantial uptrend of 60%, while its year-to-date performance shows an impressive price increase of over 108%.
