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.

HIVE Digital has acquired Bitfarms' 200 MW hydro-powered facility in Paraguay, expanding its mining capacity by 317%.

While altcoins record significant declines, the Zilliqa team has supercharged its community with a key announcement. The blockchain braces for a tokenomics overhaul as it ushers in Zilliqa 2.0 this week. The upgraded model will enrich the blockchain's infrastructure with lucrative Annual Percentage Rates for ZIL stakers and reduced inflation.

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HIVE Digital plans to grow its hash rate 4x by September 2025, potentially placing it among the top 10 public Bitcoin miners by size. Simultaneously, it has $100M ARR target for HPC. Is this small-cap miner an overlooked opportunity? HIVE Digital Sets Sights on Expansion and HPC Revenue The following guest post comes from Bitcoinminingstock.

HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) director and president for Sweden Johanna Thörnblad talked with Proactive about the company's expansion into Paraguay, where it is growing its Bitcoin mining and data centre operations using renewable energy. She highlighted how HIVE has prioritized green energy in its global strategy, leveraging hydro and wind power across Sweden, Canada, and now Paraguay.

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.

Zilliqa has resumed operations again after facing its third outage within the space of 1 month.

The Zilliqa team announced service resumptions on January 16 after disruptions that affected synchronizations, preventing transactions from “reaching the blockchain for processing.” Meanwhile, the team guaranteed user funds safety during the downtime, urging them to use the on-chain navigator ViewBlock.io to verify balances.

Zilliqa's repeated struggles with bugs and outages impact its future as a high-throughput blockchain? 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.

HIVE Digital Technologies aims for 150% growth by 2025, following a 47% operational surge in Bitcoin mining, achieving 6.0 EH/s and planning to reach 15 EH/s through strategic expansions and efficient energy sourcing. The post HIVE Aims for 150% Growth by 2025 Following 47% Operational Surge in 2024 appeared first on Cryptonews.

The world's largest crypto exchange Binance on Monday announced the perpetual contract listing for HIVE and added Bio Protocol to Launchpad. HIVE price surged 11% after the announcement, sparking increased investor interest.

The DeFi protocol also launched an in-house perpetuals trading app.

The launch of Zilliqa 2.0 is a delicate process that involves transitioning all the historical data from the old Zilliqa to enhance the mainstream adoption of Web3 applications.

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.

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.

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.

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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.

The derivatives liquidity protocol Synthetix (SNX) witnessed more development activity than any other project in the decentralized finance (DeFi) sector in the past 30 days, according to the crypto analytics firm Santiment. Synthetix aims to serve as a backend liquidity tool for user-facing DeFi projects, according to the protocol's whitepaper.

TL;DR Monthly Halving of Mining Rewards: Starting October 2024, Zilliqa will reduce mining rewards by 50% each month, aiming to align miner incentives with the upcoming Proof-of-Stake (PoS) transition. Community-Driven Decision: The halving mechanism was approved by a decentralized governance vote, with 97% of gZIL holders supporting the change, reflecting strong community commitment.

Public blockchain network Zilliqa has activated a new mechanism that will see mining rewards halved for the next three months. On Oct.

Zilliqa has announced that the community proposal to halve monthly mining rewards has passed, marking a significant step as the project prepares to transition to a proof-of-stake (PoS) network. The news boosted Zilliqa's (ZIL) price, which surged 8% in the past 24 hours, reaching levels last seen in late September.

The crypto market adopted a bearish outlook following the recent economic figures. Early today, the United States Bureau of Labor Statistics revealed that the yearly inflation jumped to 2.4% and up 0.2% in September, surpassing market expectations.

Zilliqa has announced a “permanent fix” to a bug problem that caused the blockchain to halt transactions over the weekend. Developers for the project explained via a tweet on X that they were resolving a bug that disabled the network from creating new blocks.

The SR-2 proposal wants to address many of the concerns currently dragging down the Synthetix protocol.

Synthetix community approves a major protocol overhaul with 99.4% support, aiming to revitalize the project through token redesign, multi-chain deployment, and governance restructuring.

A new proposal looking to completely reboot DeFi protocol Synthetix has garnered 99.4% approval from community members.

The Zilliqa blockchain network faced back to back systems bugs last week which led to complete halting of block production. The development team has restored the blockchain for validators.

Zilliqa developers have announced a permanent fix for a bug that compelled the blockchain to halt transactions over the weekend.

Zilliqa faced two significant bugs on Sept. 27 and 29, slowing and halting block production

Zilliqa (ZIL) stands out as a pioneering project that introduced sharding technology to the blockchain. Currently priced at approximately $0.015, many investors are eager to know if ZIL will reach $0.02 by the end of 2024 and beyond.

Story Highlights The live price of the Zilliqa crypto token is . ZIL price could claim its potential high of $0.028 in 2024. The Zilliqa price may reach a high of $0.19 by 2030. The crypto-verse has been generous with newer innovations, as marketers' interest in crypto projects is diverse from mainstream projects.

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.

Cardano and Zilliqa work together to forge stronger connections and advance a more unified blockchain future.

Zilliqa Group, the web3 platform behind the Zilliqa (ZIL) blockchain, has partnered with EMURGO, the blockchain company supporting Cardano (ADA) development and adoption. This alliance aims to create a bridge between the ADA and ZIL blockchain ecosystems, leveraging the strengths of both platforms to promote interoperability and innovation.

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.