The crypto market is surging along with the broader financial market after Treasury Secretary Scott Bessent stated during a closed-door meeting that the trade war between the US and China is unsustainable. Bitcoin (BTC) continued its upward trajectory, crossing $93,000, a key resistance level.

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.

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.

AI crypto tokens are facing renewed pressure after Nvidia warned of a massive financial hit due to new U.S. export restrictions on chip sales to China.

The crypto market tanked over the past 24 hours, with the market cap declining almost 3% to $2.63 trillion as bearish sentiment returned. Bitcoin (BTC) peaked at a local high of $86,397 before investors began booking profits.

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.

The crypto market resumed its downward trajectory after a brief recovery on Tuesday. Bitcoin (BTC) and other cryptocurrencies crashed on Monday thanks to tariff-induced uncertainties but recovered on Tuesday.

The cryptocurrency market rebounded late on Monday as major cryptocurrencies registered substantial gains. As a result, the crypto market cap is up over 1% and currently sits at $2.69 trillion.

U.S. District Judge James Donato dismissed a class action lawsuit against DFINITY, the crypto company behind Internet Computer (ICO), on Tuesday. The judge found the case “time-barred” under the Securities Exchange Act's three-year statute of repose.

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.

The crypto market rallied after the Federal Reserve decided to keep interest rates unchanged between 4.25% and 4.50% after the Federal Open Market Committee (FOMC) meeting. The Federal Reserve also stated it sees two rate cuts coming in 2025.

Story Highlights The live price of the ICP crypto is . Internet Computer price could reach a maximum of $19.5 in 2025. The ICP price may hit a high of $66.89 by 2030.

The crypto market remained flat for most of the day after a brief rally following better-than-expected inflation data quickly lost steam. Bitcoin (BTC) briefly rose above the $84,000 mark after the US CPI Report but fell flat later in the day, dropping below $84,000.

Asset manager HANetf has introduced leveraged and inverse crypto ETCs, offering traders a new way to bet on Bitcoin and Ethereum price swings.

AI coins remain a key narrative in the market, with several projects showing strong momentum despite broader sector correction. Internet Computer (ICP) has struggled over the past month, but its decentralized infrastructure could become very relevant in the AI space.

Ethereum Classic (ETC) has been making notable moves in the market recently, displaying bullish signals after bouncing from a significant demand zone. The cryptocurrency surged by 8% after testing and rejecting the $17 support level, indicating potential for further upward momentum.

ETC is sparking reversal signals with its prices accumulating a bullish momentum after retesting a key demand zone.

This is a segment from the 0xResearch newsletter. To read full editions, subscribe.

The crypto market registered a sharp recovery on Sunday after President Donald Trump announced the names of cryptocurrencies to be included in the strategic reserve. As a result, the crypto market cap surged nearly 9% to reclaim the $3 trillion mark and move to its current $3.08 trillion.

The DFINITY Foundation, a major contributor to the Internet Computer (ICP), has launched Version 1.0 of the OISY Wallet, integrated with four major blockchains and managed by a DAO. The post DFINITY Foundation Launches OISY: ‘First Fully-Decentralized Wallet' for Bitcoin, Ethereum, Solana, and ICP appeared first on Cryptonews.

Bitcoin (BTC) is attempting to reclaim $90,000 after a bloodbath at the beginning of the week drove the price to a low of $86,220, as analysts warned of a deeper correction to $80,000. The flagship cryptocurrency is down over 3% in the past 24 hours and is trading around the $88,900 mark.

Charles Hoskinson, the founder of Cardano and co-founder of Ethereum, has recently criticized Ethereum following the significant security breach experienced by the cryptocurrency exchange Bybit.

Bitcoin (BTC) registered a drop late on Monday, falling from $97,000 to $95,243 before rebounding and settling just above $96,000. The flagship cryptocurrency registered another slump during the current session, falling to a low of $95,189 before recovering and moving to its current level.

Ethereum Classic (ETC) has been facing a challenging period as its market dynamics show signs of shifting. After an initial surge in Open Interest (OI) at the start of February, indicating increased trader participation, the enthusiasm seems to have waned.

With trading volume weakening, ETC is at a critical juncture. Will it reclaim key resistance levels or fall further?