Synthetix has launched a new liquidity initiative aimed at stabilizing its algorithmic stablecoin sUSD, which has been trading well below its intended $1 peg.

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 highlighting vulnerabilities in algorithmic stablecoin mechanisms. The post Stablecoin Sinks to $0.68: sUSD Loses Its Peg, Sparks Fears of SNX Death Spiral? appeared first on Cryptonews.

The Synthetix protocol stablecoin dropped to a new low this week, extending its month-long depegging trend.

Synthetix's sUSD stablecoin has crashed below $0.70 marking its worst depeg in years as collateral changes backfire.

Synthetix's sUSD stablecoin has fallen to $0.70, 30% below its dollar peg, following protocol changes that disrupted its market balance.

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 measures are in place.

TL;DR sUSD Depeg Crisis: Synthetix's stablecoin sUSD has plunged below $0.80 amid significant protocol changes that have unsettled investors and traders. Impact of SIP-420 Upgrade: The recent SIP-420 upgrade, aimed at enhancing capital efficiency, has flooded markets with excess sUSD, disrupting traditional peg defense strategies and triggering chaotic trading conditions.

Synthetix's algorithmic stablecoin sUSD has continued its month-long depeg, now trading nearly 21% below its $1 peg. According to CoinGecko's price data, sUSD has dropped to $0.7924 as of Apr.

Synthetix's sUSD stablecoin de-pegs, trading at $0.8107.

Movement Labs and the Movement Network Foundation have launched a formal internal investigation into market maker misconduct surrounding their native token, MOVE.

A new report from on-chain analytics firm Parsec argues that the recent depegging of Synthetix's stablecoin sUSD is not the result of bad debt or protocol failure—but a direct consequence of governance upgrade SIP-420.

Synthetix's algorithmic stablecoin sUSD is continuing to drift from its $1 peg, currently trading at $0.90.

Synthetix's stablecoin, sUSD, has plunged to a five-year low of $0.83, raising investor concerns about its stability.

GalaChain expands its reach by launching $GALA on KoinBX, a leading Indian crypto exchange, aiming to enhance accessibility for over 1.5 million users.

$GALA token now bridges GalaChain and Solana, enhancing interoperability and use cases, according to Gala News.

Gala Games unveils Bearny, an Epic Vexi character, offering a 100% $GALA rebate for a limited time. Explore the unique opportunity in Web3 gaming.

What happens when a stablecoin isn't stable, and the founder's response is “no crying in the stablecoin casino”?

Synthetix's sUSD suffers second major depeg in a year, with founder Kain Warwick warning of volatility during peg mechanism transition.

TL;DR Synthetix's sUSD stablecoin briefly fell to $0.83, its lowest level in five years, sparking renewed concerns about its long-term stability. While it shares design similarities with Terra's failed UST, sUSD is backed by a $30 million treasury that could help mitigate extreme risks.

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 in early February.

Synthetix stablecoin sUSD has fallen 6% in the last day to trade at $0.8597, continuing the recent decline below its $1 peg. At the same time, 24-hour trading volume has jumped nearly 487% to over $2.

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 staking pool.

The selling pressure on Bitcoin forced MKR to lose 11%, but the bulls were likely to drive a recovery.

Two Ethereum whales on MakerDAO are at risk of being liquidated if Ether drops below $1,800. The whales, who borrowed millions in DAI from the DeFi lending protocol and pledged ETH as collateral, are now under pressure due to Ether's continuous decline.

MakerDAO's governance token, MKR, has posted double-digit gains in the past 24 hours, making it the market's top performer. The surge propelled MKR to a seven-day high of $1,485, where it traded briefly during Thursday's early Asian hours.

The crypto markets are consolidating after a small rise as the bulls face fatigue following a minor surge. Bitcoin price surged above $88,000 but has settled above $87,000 despite the rising bearish activity. On the other hand, Ethereum sustains above $2000, while memecoins display some strength as DOGE, PEPE, and FLOKI maintain a strong upswing.

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.

Highlights MKR Coin breaks critical resistance level $1200 last week, signalling a breakout from the downtrend that began back in June. In the near term, MKR's future resistance is at $1500, with a breakout possibility to the $1800 price zone. A key support level is around $1000.

The leading crypto exchange Binance rattled traders and investors with its latest update to delist four token pairs shortly ahead. The exchange revealed in an official announcement this Wednesday that certain GALA, PERP, and USDT pairs will be delisted soon.

The market is reacting positively to Movement's pledge to do a $38 million token buyback to create a Movement Strategic Reserve.

Maker recently reacted off a major support zone where hundreds of thousands of units were purchased. Some traders, however, are taking profits—a move that could impact MKR's potential market movement.

Spark has announced that BlackRock, Superstate, and Centrifuge are the winners of its Tokenization Grand Prix. The goal is to allocate $1 billion in tokenized assets, with BlackRock's BUIDL fund set to receive half of it.

Crypto exchange titan Binance again caused a market stir with its latest announcement on five crypto tokens this Monday. Notably, the exchange revealed plans to launch new spot trading pairs for MKR, EPIC, DF, GMX, and RPL shortly ahead.

Gala Games has introduced additional payment methods for its Stars & Stripes Collectors Sale, featuring NFTs from Mirandus, Town Star, and VEXI, enhancing accessibility for collectors.

Maker [MKR] has retraced to key accumulation zones, with cost basis data underlining a shift in investor engagement.

Cryptocurrency prices held steady on Thursday as investors waited for the upcoming nonfarm payrolls (NFP) and the Trump crypto summit. The total market cap of all coins rose by 2.8% to $2.98 trillion. Bitcoin held steady above the key resistance level at $90,000, while popular coins like Ondo Finance and Gala soared.

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Maker (MKR), the native token of the MakerDAO decentralized finance (DeFi) platform, has been facing significant downward pressure in recent days. As of early March 2025, MKR's price saw a steep 10% drop, bringing its value to approximately $1,473.92.

MKR prices are testing a key psychological level with its on-chain metrics painting an optimistic picture for a bullish reversal.

Gala has created history with its mind blowing hold over the world. The financial system was revolutionized when Gala started climbing the ladder.

Gala has just launched a bridge that connects GalaChain with Solana, allowing users to transfer assets between the two networks.

Polkadot (DOT) is up 4.2% and currently stands at $5.09 per coin as the token appears to be immune to this week's sharp sell-off.

Maker has created history with its mind blowing hold over the world. The financial system was revolutionized when Maker started climbing the ladder.

Is Maker (MKR) among the top crypto to buy now currently? At 00:00 UTC on February 25, MKR was around $1,350, showing signs of positive activity. A breakout past $1,400 experienced a sharp surge, increasing the price to $1,500 as of 06:00 UTC.

Maker (MKR) has made an impressive 25% surge in the last 24 hours. This significant price increase comes as Bitcoin, the leading cryptocurrency, drops by over 3%, and the market cap of the entire cryptocurrency sector falls by 1.18%.

MKR's growth is expected to surge in the coming trading sessions.

Ethereum (ETH) has dropped 11.5% in the past 24 hours, bringing it dangerously close to triggering massive liquidations on MakerDAO. On-chain data reveals that three major positions, valued between $109 million and $126 million each, will be liquidated if ETH falls to $1,926, $1,842, and $1,793.

Raydium's native token, RAY, has faced substantial declines amid growing speculation that Pump.fun, a leading Solana(SOL)-based meme coin launchpad, is testing its own Automated Market Maker (AMM).