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Synthetix’s sUSD stablecoin has been making waves. In the past few days, its value has suddenly plummeted from $1 to around $0.85. Most DeFi users are wondering what’s behind this drop? In the stablecoin world, losing that much peg is no small feat—like digital change, sUSD should always be close to $1. But in reality, at the time of writing, it’s still down 6.51%. Of course, this isn’t without reason. Synthetix founder Kain Warwick explained that the drop in sUSD’s value has something to do with a system update. The protocol is preparing to move to a new version—called V3—that completely changes the way its debt management works. The old version, which had been keeping sUSD stable, was deactivated as part of this transition. Well, during that transition, the price of sUSD became unstable. 🚨JUST IN: SYNTHETIX PROTOCOL'S SYNTHETIC USD, SUSD, DEPEGS TO $0.85 — BSCN Headlines (@BSCNheadlines) April 10, 2025 While this may have caused some concern, Warwick is quick to stress one important thing: sUSD is not an algorithmic stablecoin with no collateral. It’s not UST 2.0. It’s still backed by assets like ETH and SNX, and it still has value behind it. The only problem is that the price balancing mechanism is temporarily off. So it’s more like a car that had its engine replaced in the middle of the highway—a bit wobbly, but not necessarily going to crash. On the other hand, Synthetix is not sitting idle either. They are trying various ways to restore sUSD’s liquidity and price balance, including through a new incentive program. Starting April 10, 2025, the reward program on the Infinex platform has been extended for six weeks. Users who deposit sUSD can get a share of 16,000 OP tokens every week, plus the chance to win other on-chain prizes. The hope is that more users will be interested in jumping in, so that demand for sUSD will increase again and its value will get back on track. If you look at it, Synthetix has been really busy lately. Last January, they announced that they would stop the V3 perps market on Arbitrum and move their full focus to the Base network. The reason was to simplify development and make the system more efficient. Not stopping there, on April 8th, they also launched a new feature called “Synthetix Accounts.” This is a smart wallet that they say can allow users to trade perps on-chain without gas fees and without the need for transaction confirmation. You can register using just an email or Google account. It’s simple, but you could say it’s quite bold, considering the crypto culture which is usually anti-email and anti-centralization. But yeah, who knows, this might be what makes new users want to try. Although sUSD slipped, Synthetix’s main token, SNX, actually rose slightly. At the time of writing, the token is swapped hands at about $0.6313, up 4.59% over the last 24 hours. This increase has pushed SNX’s market cap to surpass the $214 million mark. This means that despite the pressure on the stablecoin side, some investors still have faith in the project—or at least they see an opportunity to buy at a low price.

Hey crew, I’ve been diving into some sharp insights on how to stack bags during market crashes those wild times when everyone’s freaking out. they’re not just chaos; they’re goldmines if you’re ready. Here’s the rundown on six clutch moves to ride the storm keep cash handy, treat crashes like discount season, stick to a tight game plan, play off market vibes, think like an owner (not a gambler), and set up for the rebound. Looking back at past dips, buying low has paid off big when the market flips green again. Quick Hits 📈 Crashes = Cash: Wealth jumps from the shook to the prepped when markets tank. 💰 Cash is King: Liquid funds let you scoop deals while others dump. 🏷️ Sale Alert: Downturns are like clearance racks for solid companies. 🔄 Stick to the Script: Dollar-cost averaging builds the bag slow and steady. 💡 Feel the Room: Buy when panic’s high and prices are low. 🏢 Own It: Invest in businesses you vibe with, not just ticker bets. ⏰ Rebound Ready: Every crash has a comeback—history’s got receipts. Deep Dives 📊 Liquidity Flex: Cash on deck means you’re buying when others are crying. It’s a mental edge—less reacting, more acting. 🗣️ Mind Games: Clock the market’s mood swings. Buy fear, sell greed it’s the OG playbook for grabbing deals. 🔄 Long Haul W: Forget quick flips; real wealth takes time. Patience beats panic every day. 📈 Process FTW: Dollar-cost averaging keeps emotions out. Smooths out your buys and stacks up over time. 🏦 Owner Vibes: Treat stocks or crypto like you’re buying the company, not rolling dice. Dig into the fundamentals less stress, more trust. 🌱 Ride the Waves: Markets dip, markets climb it’s the game. Knowing that keeps you cool when it’s red. Bottom line: crashes aren’t the end they’re the start if you’ve got the plan. It’s all about staying disciplined and turning volatility into gains. Y’all feeling this approach ? Drop your takes! $BTC $ETH $XRP $ADA $LINK $DOGE $SOL

▪️The crypto project World Liberty Financial, associated with Donald Trump’s sons, has denied reports of selling cryptocurrency. “WLFI has not sold any positions, as is currently being reported. Speculation on this matter is false,” a project spokesperson told CoinDesk. ▪️Earlier, analysts from Arkham reported that a wallet allegedly belonging to WLFI sold $8 million worth of ETH after the project’s unrealized losses exceeded $125 million. WLFI denies this information. ▪️Over the past six months, the project has been purchasing cryptocurrencies in batches, including ETH, WBTC, USDC, TRX, LINK, AAVE, ENA, MOVE, and ONDO, and it remains at a loss on most of these positions. At the time of the alleged transaction, ETH was trading at around $1,465; it is currently priced above $1,550. Back in February, Trump’s son Eric called Ethereum at $2,880 “a great entry point.”

This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As trade tensions between the U.S. and China shake global markets, investors are turning to cloud mining platforms like SIX MINING for stable returns and economic resilience. As the global economy reels from the escalating trade war between the United States and China, investors around the world are searching for ways to protect their capital, diversify their portfolios, and ensure stable returns. In a climate of economic uncertainty, innovative financial solutions are gaining traction, and among them, cloud mining has emerged as a compelling option. This article explores the ongoing tariff conflict, the broader implications for global markets, and how platforms like SIX MINING are positioning themselves as safe havens in turbulent times. Enter SIX MINING: A cloud mining platform built for turbulent times SIX MINING, a global cloud mining platform, has been gaining recognition as a stable and profitable solution for both new and experienced crypto investors. Its mission is simple: $BTC

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