Kain Warwick, founder of Synthetix, announces new incentives to restore sUSD peg.

Synthetix (SNX) price shot up 7% in the past 24 hours as founder Kain Warwick took a firm stance on the recent depegging of sUSD stablecoin.

TL;DR Synthetix launched a new staking mechanism, the “sUSD 420 Pool,” offering SNX rewards to stabilize the price of its sUSD stablecoin. Founder Kain Warwick warned that pressure will be applied if participants don't respond to the voluntary incentive. The value of sUSD dropped to $0.68 in April but has partially recovered to $0.

Kain Warwick, the founder of the decentralized finance (DeFi) platform Synthetix, has urged SNX SNX token holders to take action to help restore the value of the project's stablecoin, sUSD.

Synthetix founder Kain Warwick has urged SNX stakers to adopt the protocol's newly launched staking mechanism aimed at restoring the dollar peg of its stablecoin, sUSD. The post Synthetix Founder Warns SNX Stakers to Embrace New Mechanism or Face ‘The Stick' appeared first on Cryptonews.

As sUSD continues to trade below its intended $1 peg, Synthetix founder Kain Warwick has urged stakers to step up and help restore stability before more stringent measures are implemented.

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 to address the depeg, but admitted it is currently “very manual” without a proper user interface. However, once the UI goes live, Warwick said, if there isn't enough momentum, then they may have to “ratchet up the pressure” on the stakers in the sUSD 420 pool.

EOS is known for being a relatively stable cryptocurrency, with fewer dramatic price swings compared to others. While it's been on a gradual decline overall, its price movement in April has started to draw some attention.

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.

Vaulta, formerly known as EOS, is emerging from its past with a renewed focus on practical finance and compliance-first blockchain infrastructure.

The 4-hour market structure of EOS and the clues from the liquidation levels showed that a 9% price bounce was likely.

Here is how some of your favorite assets concluded the week.

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.

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.

Solana (SOL), EOS, and Jupiter (JUP) are three Made in USA coins making headlines this week with sharply different trajectories. Solana has dropped below $100 amid market volatility and tariff-driven uncertainty.

While the crypto market started the week on a bearish note, upcoming developments may signal a potential turnaround. Several altcoins have key external factors supporting their price movement, offering investors opportunities for growth.

The global markets plummet as the tariff war escalates after Donald Trump's Liberation Day. The stock markets across the globe, including the US, Japan, China, Taiwan, the UK, and many more, have opened on a huge bearish note. While many refer to it as Black Monday, experts believe the bearish influence may settle soon.

Here is how some of your favorite assets concluded the week.

Bitcoin needs to reclaim $86k to start recovery. EOS leads weekly gains for altcoins.

EOS price prediction and analysis: While the crypto market struggles, EOS has surged over 46% in a week. What's driving this sudden rise?

The $EOS token for the EOS blockchain is easily one of the best performing cryptocurrencies in the last seven days. EOS is up a staggering 37.5% in the last seven days, and 47.8% over the last 30 days as it trades at $0.7939 at the time of writing.

TL;DR EOS rebranded to Vaulta, a new Web3 banking ecosystem, driving a 35% surge in one week and pushing its market cap above $1.2 billion. Vaulta's design features a four-pillar framework—wealth management, consumer payments, portfolio investment, and insurance—with innovations like the exSat Bitcoin bridge to boost liquidity.

Since the inauguration of the new president of the US, the markets have remained highly volatile. Moreover, the tariff war has caused more harm, which seems to have become more uncertain than before.

With a fresh rebrand, EOS is the talk of the town.

Bitcoin holds steady ahead of new U.S. tariffs, altcoins remain muted.

EOS Network, a Layer-1 blockchain utilizing the open-source Antelope protocol for fast and feeless transactions, has surged 18% in price over the past 24 hours.According to CoinMarketCap data, $EOS climbed from a low of $0.6071 to an intraday high of $0.8345 before slightly retracing to $0.8505 at press time.

The cryptocurrency marketplace appears to be experiencing an increase in bullishness, as Bitcoin (BTC) remains in the lead at $85,148.35 (+0.97 percent), while Ethereum (ETH) is relatively flat at $1,881.97. The sentiment is generally positive with major cryptocurrencies showing resilience with increased trading volume and favorable technical indicators.

EOS has shot up 20% in the past 24 hours after the blockchain shot up to the third position on the list of top chains in terms of TVL growth.

EOS price has been on a strong bullish trend lately, surging by 47% since March 30 and pushing its market cap past the $1 billion mark for the first time since mid-February. Earlier today, the EOS price hit a two-month high of $0.8345 on Binance, with trading volume spiking 87% to $596.

EOS price rallied 20% as its Vaulta Banking feature and upcoming rebranding attract investors, with technical indicators supporting a potential continued rise toward $1.

The EOS Network has unveiled the Vaulta Banking Advisory Council, a move that has propelled EOS price up by 16% in 24 hours to a two-month high. Following this rise, the EOS market capitalization has also surged past $1 billion for the first time since mid-February.

Cryptocurrency prices have slumped this year leading to a $1 trillion wipeout of their market value. Bitcoin has crashed from the year-to-date high of $109,300 to $85,000, while the market cap of all coins has slumped from over $3.8 trillion to $2.7 trillion today.