Synthetix – Ƀitsell X

DeFi Protocol Synthetix To Launch Its Own Application Blockchain, SNAXChain

September 6, 2024

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. For the uninitiated, Ethereum…
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Whale Rapidly Accumulating Chainlink: What’s Going On With LINK?

February 7, 2024

A mysterious whale is rapidly accumulating Chainlink (LINK). According to Lookonchain, the unknown entity, possibly an institution, withdrew over 2.2 million LINK (worth $42.38 million) via 47 new wallets from Binance, the world’s largest crypto exchange by trading volume, in two days. This sudden block withdrawal now raises questions about what’s driving the whale’s interest and what…
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Synthetix (SNX) Drops 18% As Crypto Market Cools Down – Details

December 18, 2023

The market is currently experiencing an enormous pullback after nearly a month of continuous gains. According to Coingecko, the broader crypto market is down nearly 3% as major cryptocurrencies like Bitcoin, Ethereum, and XRP drop from year-to-date highs. As the sector cools down, altcoins are pulled downward. Synthetix is one of the sufferers of the…
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Best Crypto to Buy Now September 6 – Synthetix, Chainlink, Render

September 7, 2023

Investment manager Grayscale is urging the Securities and Exchange Commission (SEC) to expedite the conversion of the Grayscale Bitcoin Trust (GBTC) into a Bitcoin exchange-traded fund (ETF). This comes on the heels of Grayscale’s major court victory over the SEC last week. Given the latest updates on a potential Bitcoin ETF approval, what are the…
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Best Crypto to Buy Now 27 July – Synthetix, Pepe, Maker

July 28, 2023

Mark Yusko, the principal of Morgan Creek Capital Management, a fund management organization with $1.6 billion in its custody, shared some thought-provoking predictions about the future value of Bitcoin today. He sees the most prominent cryptocurrency achieving a value of $300,000 by the end of 2028, raising some eyes in the crypto space today as…
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Bitcoin’s dull price action ignites buying interest in LINK, FIL, SNX and THETA

July 23, 2023

LINK, FIL, SNX and THETA are starting to look bullish right as Bitcoin prepares for a volatile price move. Bitcoin (BTC) is struggling to rise above the overhead resistance at $31,000 but a minor positive is that the bulls have not allowed the price to dive below the $29,500 support. This suggests that a catalyst…
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Synthetix takes on counterparty risks with Infinex derivatives exchange

July 15, 2023

The upcoming exchange will cater to novice and experienced traders by offering features similar to centralized exchanges. Decentralized finance protocol Synthetix is preparing to expand its range of affiliated products. Synthetix founder Kain Warwick revealed intentions to introduce a new derivatives front-end called Infinex to the decentralized trading infrastructure of Synthetix. The upcoming exchange will cater…
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Crypto Market Rises by $30B in 48 Hours — Bitcoin Cash Leads With 88% Weekly Gain

June 25, 2023

On Sunday, June 25, the cryptocurrency market experienced a modest increase in value, climbing from $1.21 trillion two days prior to its current value of $1.24 trillion. Bitcoin has surged 15% in the past week, while ethereum has risen over 10% against the U.S. dollar. Furthermore, numerous other crypto assets have made notable gains, with…
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Decentralized exchange GMX votes to use Chainlink low-latency oracles

April 25, 2023

A Chainlink exec said the oracles will improve GMX’s security by providing a more “strong degree of tamper-resistance when settling user trades.” Chainlink’s (LINK) low-latency oracles will integrate with the decentralized exchange (DEX) GMX following a successful governance proposal that sought to provide more “granular” real-time market data to GMX v2. Voting ended on April…
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Best Crypto to Buy Now 3 April – SNX, ADA, STX

April 4, 2023

The cryptocurrency market is currently navigating a period of uncertainty, with Bitcoin (BTC) demonstrating resilience by maintaining its position close to the $28,000 mark. Amid market turbulence, Bitcoin has remained relatively stable, trading at $27,860 as it trades about even for the day so far. How might the current market conditions influence the selection of…
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