Several key headlines are on the crypto lineup this week, with certain ecosystem-specific developments expected to happen. This week's top crypto news could drive volatility for some tokens.
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.
The crypto market shows signs of recovery with Ethereum climbing back above the $2,000 level, while several altcoins including Wormhole (W), DIONE, and Magnetix (MAG) post double-digit gains in the past 24 hours. Wormhole (W) has jumped 41.
Wormhole Settlement offers fast, scalable cross-chain asset transfers using intent-based protocols, enhancing speed, redundancy, and composability for blockchain users and institutions.
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Wormhole introduces a new suite of intents-based protocols for fast, institutional-scale digital asset transfers across multiple blockchains, enhancing redundancy, composability, and cost-efficiency.
Wormhole integrates with Unichain, facilitating seamless asset transfers across blockchains. This partnership enhances DeFi liquidity and offers developers efficient cross-chain solutions.
Synthetix (SNX) is a decentralized finance (DeFi) protocol built on the Ethereum blockchain, allowing users to create and trade synthetic assets. These assets mirror the value of real-world assets such as commodities, currencies, and stocks.
Wormhole announces the deprecation of support for several blockchain networks by summer 2025, impacting Terra, Oasis, Acala, and others, while transitioning some Cosmos chains to community support.
Securitize's collaboration with Wormhole hands asset managers the freedom to shape offerings for any supported blockchain.
Securitize, a real-world asset tokenization platform partnered with BlackRock and Hamilton Lane, has announced its integration with the interoperability protocol Wormhole. Integrating Wormhole (W) as its primary interoperability solution, Securitize can now offer cross-chain support for its users.
Securitize, an asset tokenization platform, has launched a blockchain interoperability solution with Wormhole to enable cross-network transfers for institutional tokenized funds. Tokenization Platform Securitize Deploys Wormhole for Multichain Fund Management The integration allows funds tokenized on Securitize's platform to move seamlessly across Arbitrum, Avalanche, Ethereum, Optimism's OP Mainnet, and Polygon.
Donald Trump's inauguration as the 47th U.S. president is expected to usher in a new era for cryptocurrencies, according to Wormhole Foundation general counsel Cathy Yoon. Trump officially takes office on Jan.
Synthetix has announced that it will transition its perpetual markets on the Arbitrum network to a close-only mode.
The move is part of a strategic pivot by Synthetix to consolidate its operations and focus on Coinbase's Base network.
FEG token exploit allowed a hacker to steal over $1 million across multiple chains, leaving holders down 99%.
The DeFi protocol also launched an in-house perpetuals trading app.
Synthetix exchange relaunches with multi-collateral perpetuals on the Base network. The reboot of Synthetix comes with a new website, relaunch of its exchange, and upcoming launch of Synthetix Leveraged Tokens.
Wormhole is working with Nuffle Labs on a solution to expand EigenLayer's restaking functionality beyond the Ethereum ecosystem.
Key points of the news: Wormhole and Nuffle Labs launch a native multichain restaking solution that eliminates the need for cross-chain bridges. The integration of Wormhole, NUFF Protocol, and EigenLayer allows users to stake without losing the native properties of assets and improves capital efficiency.
Nuffle Labs, a universal restaking platform, and Wormhole, an interoperability protocol, have announced a new solution to connect different blockchain networks through native cross-chain restaking.
Wormhole extends support for Circle's Cross-Chain Transfer Protocol, enabling seamless USDC transfers across major blockchains with enhanced liquidity and developer integration.
Wormhole and Nuffle Labs are set to launch a pioneering native multichain restaking solution with EigenLayer, eliminating the need for asset bridging and enhancing liquidity across blockchain networks.
Wormhole targets $0.362 resistance after confirming $0.277 support, eyeing a rally to $1.0084.
The product is part of Synthetix's ongoing effort to revamp after a governance overhaul in October.
TL;DR Synthetix acquires TLX as part of its strategy to expand its product offerings and strengthen its DeFi ecosystem. Leveraged products in development: the protocol plans to relaunch TLX on the Base network after auditing and optimizing its infrastructure.
Decentralized finance (DeFi) protocol Synthetix has acquired the leveraged token platform TLX in a token-for-token deal. The post Synthetix Acquires TLX in Token-for-Token Deal appeared first on Cryptonews.
Synthetix said it plans to re-launch all TLX products on Base network after adding parameter improvements.
Crypto airdrops farmers have ten valuable opportunities to receive free cryptocurrency tokens from projects backed by renowned investors.
Blockchain projects thrive on innovation. The more developers push boundaries, the brighter a project's future becomes. This December, Santiment ranked the top ERC-20 tokens by development activity. From DeFi giants to Web3 pioneers, these tokens reflect where the blockchain world is headed. Let's take a closer look at who's making the most noise.
This will give W holders on Solana and EVM chains like Ethereum, Arbitrum, Optimism, and Base a chance to earn rewards. If you hold W tokens, you can now stake them and start earning rewards while shaping the future of Wormhole.
Wormhole introduces a Staking Rewards Program for W token holders on Solana and EVM chains, enhancing governance and rewards within its ecosystem.
Wormhole's breakout faces key resistance at $0.38, with mixed signals creating uncertainty.
Wormhole is an interoperability protocol designed to facilitate the transfer of data and assets between different blockchains. This capability enables the creation of decentralized applications (dApps) that operate across multiple networks. Its primary purpose is to connect blockchain ecosystems with diverse characteristics, such as Solana, Ethereum, Polygon, and others.
The Deep Worm price has skyrocketed nearly 180%, gaining the attention of investors in the meme coin sector. This massive surge highlights a renewed focus on the meme coins, especially with BitMEX co-founder Arthur Hayes making bold predictions on WORM.
Tidus, a decentralized wallet platform focused on simplifying decentralized finance (DeFi), has integrated the Wormhole-powered Mayan Swift SDK to streamline cross-chain transfers. What Happened: The integration allows users to move stablecoins such as USDC (CRYPTO: USDC) and USDT (CRYPTO: USDT), along with native tokens ETH and SOL, between the Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL) blockchains.
Transfero selects Wormhole's NTT framework to enable multichain functionality for its stablecoins BRZ, ARZ, and CLZ, enhancing security and liquidity across blockchain networks.
Transfero, a stablecoin issuer focused on Latin American currencies, has tapped Wormhole as its interoperability provider. The Brazil-based fintech company announced the development on Nov.
PayPal USD (PYUSD) will now facilitate cross-chain transfers between Ethereum and Solana through Wormhole, enhancing stablecoin transactions and interoperability.
PayPal USD (PYUSD) will now support native cross-chain transfers between Ethereum and Solana through Wormhole, enhancing stablecoin transactions without token wrapping.
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Flow Traders joins Wormhole's network to boost multichain swaps, providing enhanced liquidity and speed. This collaboration aims to improve cross-chain transactions through the Composable Intents platform.
Flow Traders will buy a stake in Wormhole and facilitate cross-chain crypto swaps.
Flow Traders, a multi-asset class liquidity provider and publicly traded trading platform, has joined the solver network supporting multichain token swaps. Wormhole announced on Oct.
TL;DR Synthetix has proposed acquiring Kwenta, an exchange derived from its ecosystem, to unify operations and enhance services. The acquisition values each KWENTA token at 17 SNX, with a token swap valued at $13.2 million. The integration would involve dissolving Kwenta's governance and merging it with SNX's Spartan Council.
DeFi protocol Synthetix is setting its sights on acquiring Kwenta, a derivatives exchange that emerged from Synthetix itself in 2020. The post Synthetix Eyes Acquisition of Former Spin-Off Kwenta to Bolster DeFi Derivatives appeared first on Cryptonews.
Synthetix, a well-known DeFi protocol for synthetic assets, has just announced the launch of version V3 on the layer-2 blockchain of Arbitrum.
The v3 launch marks the DeFi protocol's first big product rollout after a governance overhaul in October.