Synthetix, a popular DeFi protocol, is facing challenges regarding its plans for Arbitrum, a layer-2 platform for Ethereum. According to the recent voting results, the community voted against its plans to extend its Long-Term Incentive Program (LTIP) grant.

Snax Chain, built on OP Stack, launches September 15th, integrating Wormhole for secure, decentralized Synthetix V3 governance and cross-chain messaging.

Competition is mounting among DeFi derivatives protocols after Synthetix launched on Arbitrum in July.

Decentralized finance (DeFi) protocol Synthetix (SNX) is working toward launching its application blockchain, dubbed SNAXChain, according to a blog post published on September 4, 2024. Synthetix SNAXChain To Launch On Optimism's Superchain Infrastructure Ethereum-based derivatives liquidity protocol Synthetix is set to unveil SNAXChain, an application blockchain built on Optimism's Superchain infrastructure.

Leading DeFi protocol Synthetix joins Optimism's impressive Superchain line up.

TL;DR Synthetix launches SNAXchain: Built on Optimism's Superchain infrastructure, SNAXchain aims to enhance governance and expand to more chains and Layer 2 solutions. Optimism Superchain benefits: Expected to boost user interoperability and drive growth, leveraging optimistic rollups to reduce transaction costs.

Synthetix has introduced an application-specific blockchain named SNAXchain using Optimism's infrastructure.

Tokens that power Decentralized Physical Infrastructure Networks (DePIN) are gaining traction, making them assets that investors should watch closely.

Synthetix faces fierce competition on the DeFi-oriented layer-2.

Synthetix faces fierce competition on the DeFi-oriented layer 2.

You may have forgotten about Synthetix, but the market certainly hasn't.

Grayscale, the world's largest crypto asset manager, now operates at least 17 single-asset crypto investment products.

Grayscale also launched funds for protocols Bittensor and Sui in August.

The company launched similar single-asset trusts for TAO and SUI and a fund that invests in a basket of decentralized artificial intelligence-focused tokens over the past month.

It could be followed with deployments on Optimism and Base.

Synthetix founder Kain Warwick donated $86,000 in Illuvium tokens to former CFO SynthaMan after the latter lost his SNX holdings due to liquidation caused by market volatility and high-risk decisions.

On-chain data shows that Synthetix founder Kain unlocked $6.5 million from the company's treasury and donated $86k to SynthaMan, the company's former treasurer that was liquidated during last week's market plunge.

Investor shifts from Grayscale to new Ethereum ETFs highlight market volatility and the competitive landscape in crypto investment products. The post US Ethereum spot ETFs off to rough start: $1.5B left Grayscale fund, BlackRock led first-week inflows appeared first on Crypto Briefing.

The Securities and Exchange Commission has given the green light for spot Ethereum ETFs, which will start trading on Tuesday.

The planned fee for Grayscale Investments' spot ether ETF was initially on the higher end when compared to competitors.

Grayscale Investments has announced the launch of a new and innovative fund dedicated to decentralized AI.

Crypto asset manager Grayscale Investments has unveiled its latest offering, the Grayscale Decentralized AI Fund.

Grayscale Investments has launched a new Decentralized AI Fund for accredited investors, offering exposure to blockchain-based AI protocols

In a move aimed at capitalizing on the growing potential of decentralized artificial intelligence (AI), Bitcoin ETF issuer and crypto asset manager Grayscale has officially launched its new Decentralized AI Fund, which aims to provide investors exposure to protocols within the AI sector of the crypto ecosystem.

Grayscale Investments has launched the Grayscale Decentralized AI Fund LLC, targeting top altcoins within the decentralized AI sector.

It's the first of its kind to provide investors with a link to decentralized AI protocols. Five artificial intelligence-based coins make up the backbone of this fund.

Grayscale Investments has launched a new Decentralized AI Fund for artificial intelligence crypto protocols.

Grayscale Investments is making headlines with their new offering, the Grayscale Decentralized AI Fund. Before diving into the details, excited investors should note that this new fund is only for accredited investors. This fund promises exposure to the growing sector of decentralized artificial intelligence (AI) protocols.

Grayscale Decentralized AI Fund offers early investment in blockchain-based AI protocols, while simultaneously addressing deep fakes, misinformation, and bot authentication challenges.

Grayscale launches decentralized AI fund. Plus, Donald Trump said the U.S. should take the lead in the global crypto race before China does.

Crypto projects focused on artificial intelligence (AI) saw a general surge in their native tokens after Grayscale announced the launch of a new fund focused on decentralized AI.

Grayscale Investments has announced the launch of the Grayscale Decentralized AI Fund, aimed at providing exposure to blockchain-based artificial intelligence (AI) protocols. The fund, available to accredited investors, includes a basket of decentralized AI crypto protocols, rebalanced quarterly.

Crypto asset manager Grayscale is launching a new fund centered on decentralized artificial intelligence projects, according to a July 17 statement. The Grayscale Decentralized AI Fund LLC fund aims to give investors access to the growing AI sector within the crypto ecosystem.

The fund is available only for accredited investors. Its basket includes native tokens from Bittensor, Filecoin, Livepeer, Near, and Render.

Grayscale Investments, currently the biggest crypto asset manager in the world, has launched its new decentralized artificial intelligence fund, Grayscale AI. This fund gives investors access to a handpicked selection of cryptocurrencies, leading the way in decentralized AI, says the official press release.

TL;DR Grayscale Investments has launched a new fund exclusively focused on decentralized artificial intelligence for accredited investors. The fund includes decentralized AI protocols such as Near, Filecoin, Render, Livepeer, and Bittensor, and will be rebalanced quarterly.

Grayscale introduces new Grayscale Decentralized AI Fund for decentralized AI protocols.

Grayscale's new AI fund could accelerate investment in decentralized AI technologies, potentially reshaping the future of AI and blockchain integration. The post Grayscale launches new fund indexed to five AI tokens appeared first on Crypto Briefing.

The fund will finance three key areas: AI services, addressing problems related to centralize AI use and developing AI-related infrastructure.

The crypto market has been observing different kinds of assets take the spotlight every now and then, and the newest addition to this list is Real World Assets (RWA). Joining the Artificial Intelligence (AI) altcoins in terms of popularity and demand, these tokens are a different breed altogether.

The analyst/host of The House of Crypto took to his latest video and said that there's potential for a massive bounce back for altcoins, particularly as Bitcoin dominance appears to be declining. Historically, this has signaled the onset of an altcoin season.

TL;DR The real-world asset (RWA) token market is growing exponentially in 2024, thanks to the convergence of blockchain technology and traditional assets. Tokens such as Maker, Chainlink, and Algorand stand out for their unique propositions and potential to facilitate investment in real estate, art, and music through decentralized platforms.

Livepeer (LPT) has emerged as the top gainer among the top 100 cryptocurrencies with the recent price rally. However, profit-taking could mean a sharp U-turn.

Avalanche (AVAX), the leader of the Real-World Asset token category, currently has a valuation of $13.7 billion. Real-world assets (RWA) represent physical assets, like real estate or commodities, digitally tokenized on a blockchain, providing fractional ownership and liquidity.

As the first half of 2024 draws near, the cryptocurrency market has seen a significant sell-off, eroding the market capitalization of many assets.

As the Bitcoin and Ethereum price aims for a bullish week, the altcoins siphon additional momentum in the market for a quick jump. With a trend reversal anticipation in Synthetix and the bull run gaining momentum in ENS, the buyers expect a massive jump this week.

Synthetix (SNX) and Aave (AAVE) are both flat on the day, but green in the past week. SNX is 7% up while AAVE is holding onto double-digit gains as the latest news around Ethereum spot ETFs drives interest in related altcoins.

Synthetix (SNX) and Aave (AAVE) are both trading higher today, with 6% and 4% in 24-hour gains respectively. With the US Security and Exchange Commission (SEC) expected to make an announcement today, it could be a massive pump for SNX and AAVE. Meanwhile, Bitbot (BITBOT), a new project that just hit $3.