Uniswap's token has dropped to a crucial support level even as Unichain, its layer-2 network, continued its strong momentum. Uniswap (UNI) price dropped to $5.

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.

The crypto market registered a substantial drop on Wednesday before recovering towards the end of the day after Federal Reserve Chair Jerome Powell flagged concerns about inflation and slowing growth due to tariffs. However, markets recovered as crypto remained strong in the face of adversity even though traditional stock markets took a beating.

NEAR is showing signs of a potential bottom after weeks of aggressive selling. A falling wedge formation on the daily timeframe, combined with extreme oversold conditions and RSI divergence, points toward a possible bullish reversal targeting the $4.

Bitcoin (BTC) is still up on Thursday despite Fed Chair Powell's hawkish remarks on Wednesday. This has had the effect of a small lift in the crypto market.

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.

NEAR Protocol is hovering just above the psychological $2 support, with price showing early signs of strength after a prolonged downtrend. A reclaim of $2.80 as support could confirm that the bottom is in.

Recent crypto whale metrics surrounding DeFi tokens have garnered immense investor optimism, suggesting that price gains for some coins are imminent despite the ongoing market uncertainty. Whale data on Thursday, April 17, indicated that large-scale investors stacked over $20 million in AAVE and UNI.

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.

Co-authored by Uniswap Labs and Across, this new standard aims to simplify how users trade assets across blockchains. This new token standard from Uniswap is designed to give everyone—from developers to everyday users—a smoother experience.

NEAR might be approaching a key breakout as technicals aligned with rising retail and liquidation momentum.

Prominent crypto analyst Ali Martinez has shared a bullish prediction on the NEAR market suggesting a potential 15% gain is on the horizon. Amidst a major downtrend, Martinez's latest forecast reveals the altcoin could soon see a significant market rebound.

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.

The crypto market lost momentum over the past 24 hours, as cryptocurrencies, including Bitcoin (BTC), registered notable declines. As a result, the crypto market cap shrunk by just over 1%, falling to $2.58 trillion.

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.

Uniswap faced resistance around the $5.5-level. Until it can climb beyond it, traders must maintain a bearish outlook.

The US SEC will hold its second crypto roundtable on April 11, with representatives from Coinbase, Uniswap Labs, and Cumberland DRW participating.

The U.S. Securities and Exchange Commission (SEC) is holding a roundtable discussion on April 11, inviting crypto industry leaders, particularly ones negatively affected by the previous administration, and calling the event “Between a Block and a Hard Place: Tailoring Regulation for Crypto Trading”. The roundtable will focus on regulation, especially with a future-oriented direction, being the second of a five-part series.

The Securities and Exchange Commission (SEC) announced a roundtable titled "Between a Block and a Hard Place: Tailoring Regulation for Crypto Trading" on April 11, 2025, in Washington, D.C. This event will bring together key figures from the crypto industry and traditional finance to discuss the development of a regulatory framework tailored to crypto trading.

Executives of publicly listed crypto exchange Coinbase and decentralized exchange Uniswap will be panelists at the US Securities and Exchange Commission crypto roundtable. The regulator disclosed this in an announcement outlining the agenda and panelists for the event.

The crypto market bounced back after a volatile Monday, with Bitcoin (BTC) and other cryptocurrencies registering substantial increases after starting the week in freefall. BTC is up over 6% over the past 24 hours, with the flagship cryptocurrency looking to reclaim $80,000.

The US Securities and Exchange Commission (SEC) has shared the names of key participants set to join a discussion on how crypto trading should be regulated.

Key players in the crypto industry are joining the SEC's first of four scheduled roundtables, led by the agency's Crypto Task Force.

The SEC will hold a crypto roundtable on Friday featuring panelists from Coinbase, Cumberland DRW and Uniswap Labs.

The SEC has unveiled the list of industry leaders who will participate in its upcoming roundtable on cryptocurrency trading regulation, set for April 11. The post SEC Roundtable: Uniswap and Coinbase Executives Among Participants Set to Discuss Crypto Regulations appeared first on Cryptonews.

Executives from multiple US crypto and finance firms are set to join the U.S. Securities and Exchange Commission's next roundtable to discuss crypto trading regulations.

The US Securities and Exchange Commission has released the list of executives from US crypto and finance giants that will take part in a roundtable discussion on crypto trading regulation.On April 7, the regulator said its upcoming April 11 roundtable will discuss how it should handle crypto trading rules, calling it “Between a Block and a Hard Place: Tailoring Regulation for Crypto Trading.” It will be the second in a series of discussions on crypto, headed by its recently-formed Crypto Task Force.

Crypto prices were mixed last week as most investors remained in the sidelines as the fear and greed index moved to the extreme fear zone of 4. Bitcoin rose by about 1% during the week, while other tokens like Cardano, XRP, and BNB were barely moved as US stocks plunged.

Crypto whales play a big role in shaping market trends, and their movements often hint at what's coming next. When these major players start selling or reducing their holdings, it often hints at changing market trends. Lately, whales have been offloading Uniswap (UNI), Chainlink (LINK), and Ondo Finance (ONDO), raising concerns about possible price drops.

Crypto whales have begun to quietly shift their altcoin positions following Trump's Liberation Day tariffs. Uniswap (UNI), Chainlink (LINK), and Ondo Finance (ONDO) have all seen declines in the number of wallets holding between 10,000 and 100,000 tokens.

Compound Labs, the team behind the DeFi protocol Compound Finance, is considering launching a dedicated foundation to streamline operations and support the protocol's long-term development. Compound is one of the most popular DeFi lending protocols on Ethereum.

The Uniswap DAO has decided to move forward with its treasury delegation program, which could allocate up to 18 million UNI tokens — valued at around $113.4 million — to chosen delegates.

Uniswap DAO has voted to continue its “treasury delegation program” in a preliminary decision that will now move onchain.

Artificial intelligence (AI)-linked cryptocurrencies climbed sharply on Tuesday after OpenAI secured a $40 billion capital injection from Japan's Softbank, Microsoft, and other investors. With this latest round, OpenAI's valuation now stands at $300 billion.