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.

User growth and liquidity inflows hinted at a breakout opportunity on the charts.

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.

Made in USA coins like Solana (SOL), SUI, and Aerodrome Finance (AERO) are showing very different signals heading into the last week of April.

SUI blockchain is gaining traction as its market cap nears $7 billion, driven by rising meme coin activity and DeFi engagement. Over the past week, SUIs DEX volume surged 4.49% to $2.1 billion, briefly surpassing Arbitrum to become the fifth-largest chain by DEX volume.

SUI blockchain has been gaining traction in recent weeks, and its market cap is now approaching $7 billion. Fueled by meme coin activity and rising DeFi engagement, the network has seen a notable jump in DEX volume and technical momentum.

Think you've missed the chance to catch the next big crypto wave before 2025? Not yet. As the market starts to steady and attention turns to tokens with real use cases, a select few are emerging—not from viral hype, but from practical, working solutions.

Token unlocks have the power to move markets. They inject fresh liquidity, trigger price swings, and influence investors' feelings about a project.

Sui is trading at a major high timeframe support region with multiple technical confluences in its favor. As price compresses and volume fades, all eyes are on this level for a potential macro reversal.

Synthetix has launched a new liquidity initiative aimed at stabilizing its algorithmic stablecoin sUSD, which has been trading well below its intended $1 peg.

Assessing SUI's next move amid flat demand and market interest.

More than a year after its initial announcement, Arbitrum launched Timeboost yesterday.

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.

TL;DR The drop of ASTR to $0.02 on April 7 led Astar to cut base staking rewards from 25% to 10% to stabilize APR. Astar raised the variable portion of staking rewards for dApps from 40% to 55%, ties issuance to TVL, and does not affect developers. It set a minimum issuance floor of 2.

The cryptocurrency landscape in 2025 brims with opportunities as innovative projects like Sui, Bittensor, and CartelFi capture investor attention. Sui's robust Layer-1 blockchain, bolstered by strategic partnerships, signals strong growth potential, while Bittensor's fusion of AI and blockchain offers a unique value proposition despite market volatility.

This new chain, built by Ethena Labs and Securitize, is designed to be the settlement layer for on-chain finance and RWAs. Celestia provides the underlying infrastructure.

The Synthetix protocol stablecoin dropped to a new low this week, extending its month-long depegging trend.

Blockchain firm Astar Network implemented changes to its tokenomics to reduce inflationary pressures in its ecosystem. On April 18, Astar Network announced that it has reduced the blockchain's base staking rewards from 25% to 10% to curb token inflation.

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.

Arbitrum launched Converge, a new blockchain-focused on tokenizing real-world assets (RWAs) and boosting on-chain finance.

Ethereum Layer-2 protocol Arbitrum has launched Converge, a new blockchain designed to serve as a settlement layer for tokenized real-world assets (RWAs) and on-chain finance. Created by Ethena Labs and Securitize, Converge aims to bring billions of dollars in stable assets into decentralized finance (DeFi).

Sui (SUI) has performed neutrally in the past day to stand at $2.10 while Hedera (HBAR) has experienced a 1.4% uptick and currently sits at $0.1600 during what has been a choppy session with a slight bearish tone.

Stanford lab, focused on AI research, will use the decentralized cloud computing platform Theta EdgeCloud for its work on LLMs. The decentralized cloud could be the solution for AI's vast computing needs.

Sui meme coins, not typically seen at the forefront of the sector, are surging in volume recently. Their market cap is far smaller than Solana meme coins, but it's also growing fast.

TL;DR Converge, the upcoming blockchain developed by Ethena and Securitize, is scheduled to launch its mainnet by the end of Q2 2025. It will leverage Arbitrum's scalability technology and Celestia's data availability layer to deliver superior performance with low latency.

Decentralized finance (DeFi) protocol Ethena and tokenization firm Securitize said they will use part of Arbitrum's tech and data availability network Celestia for their real-world asset focused, Ethereum-compatible blockchain, aiming to launch mainnet in the second quarter of this year.

Dynamic's also supports Algorand, Base, Berachain, Bitcoin, Cosmos, Farcaster, Solana, Telegram as well as other EVM and SVM protocols.

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.

We see more and more traditional finance exploring on-chain options. The Athens Exchange in Greece, ATHEX, is now moving to use a Sui orderbook.

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.

A widely followed crypto analyst says one Solana (SOL) competitor may be gearing up for a breakout.

Athens Exchange Group, Greece's national stock exchange, has finalized the design of its zero-knowledge powered fundraising platform set to go live on the Sui blockchain. Sui Foundation announced the development in a blog post on April 16, noting the partnership between Athens Exchange Group and Mysten Labs.

Greek exchange Athens Exchange Group has moved closer to adopting a Sui-based order book following its collaboration with Mysten Labs.

TL;DR Over 50M Arbitrum users can now access ZetaChain without switching networks or relying on external bridges or complex swaps. dApps use universal contracts that connect natively with chains like Bitcoin, Ethereum, Solana, and Arbitrum. ZetaHub now lets users view balances, transfer assets, and provide liquidity from Arbitrum with a seamless, single-network experience.

Astar, AltLayer, and EigenLayer partner to build a Fast Finality Layer for Soneium and slash finality by 98% to under 10 seconds. The post Soneium Slashes Finality by 98% With Astar Network, AltLayer, and EigenLayer appeared first on Cryptonews.

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.

TL;DR Soneium, developed by Sony Block Solutions Labs, has slashed transaction finality time from 15 minutes to under 10 seconds. This breakthrough is made possible through a new partnership with AltLayer and EigenLayer, utilizing restaking technology and decentralized validators.

Movement Labs and the Movement Network Foundation have launched a formal internal investigation into market maker misconduct surrounding their native token, MOVE.

Digital currencies traded in the red on Wednesday as Bitcoin failed to hold above the key region of $85,000. Amidst the uncertainty, layer1 blockchain Sui Network attained a crucial milestone in its DeFi journey.

The total value of real-world assets (RWAs) on the Arbitrum network has surged over 1,000-fold since the start of 2024.

Starknet (STRK) remains under pressure, but signs of stabilization are beginning to emerge. Despite releasing 127.6 million tokens into circulation in its next unlock, the project is pushing forward with adoption efforts, including enabling STRK payments in 15,000 shops worldwide.

TL;DR Sui will integrate Babylon's Bitcoin staking protocol and operate as a Bitcoin Secured Network in Phase 3 of the expansion plan. The integration allows BTC staking without bridges or custodians. Babylon will apply its protocol over Sui's Mysticeti consensus, reinforcing its modular, multi-network approach to Proof-of-Stake.

Sui (SUI) has gone down by 4% today to $2.20 per coin as the market has been choppy since the week started. Trading volumes have subsided by 16% as traders stay on the sidelines while prices consolidate.

Sui is gearing up for major infrastructure upgrades that could make it 100x faster. And with Walrus possibly powering that growth, a new DePIN era may just be getting started.

TL;DR World Liberty Financial (WLFI), the crypto initiative backed by the Trump family, has invested $775,000 in SEI tokens, further expanding its growing altcoin portfolio. Despite current losses across its crypto holdings, WLFI remains focused on diversification. This move comes amid a shifting political and financial climate that is becoming increasingly supportive of digital assets.