ChainCatcher news reports that the Synthetix dollar stablecoin sUSD has further depegged, dropping 13.9% in the last 24 hours to a current price of $0.7038, with a market cap falling to $22.96 million. Previously, Synthetix founder Kain stated that the sUSD peg repair mechanism is in transition, having sold 90% of ETH and increased holdings in SNX.Earlier reports indicated that the depegging of the Synthetix stablecoin sUSD was not due to bad debt or mechanical failure, but rather a side effect of SIP-420. The introduction of SIP-420 means that SNX stakers are no longer minting sUSD individually and managing their own debts, but instead are delegating funds to a shared pool to achieve effects such as no liquidation and no personal debt; since the debt is concentrated in the public pool, when the trading price of sUSD deviates from the peg, stakers have no direct incentive to buy sUSD at a low price to repay their debts, and the previously existing self-regulating defense mechanism has disappeared. The Synthetix team stated that they are establishing new demand channels, such as integrating with Aave and Ethena and strengthening Curve incentive mechanisms.

ChainCatcher message, TRON founder Justin Sun posted on platform X, stating, "The current price of Ethereum is low, but there are no plans to sell Ethereum holdings. TRON will continue to seek opportunities to collaborate with more Ethereum developers to build the industry together."

ChainCatcher news, according to official sources, Jupiter has announced that the next-generation trading aggregator Juno is now live, featuring: multi-route aggregation from Jupiter, hashflow, and DFlow; Metis v1.5; self-learning capabilities; and a brand new experimental algorithm.

ChainCatcher news, according to Coingecko market data, the stablecoin sUSD is currently priced at $0.7703, with a 24-hour decline of 9.9%, having depegged by approximately 23%.

ChainCatcher news, according to Cointelegraph, Bitcoin and Ethereum fell by 11.82% and 45.41% respectively in the first quarter of 2025, marking the weakest Q1 performance in years. Bitwise Chief Investment Officer Matt Hougan referred to it as "the best worst quarter in crypto history."Analysts pointed out several potential factors that could drive a market rebound in Q2: an increase in global money supply, an improvement in the U.S. regulatory environment, and stablecoin assets reaching an all-time high (over $218 million).

ChainCatcher message, the market shows that sUSD continues to depeg, with the current quote at $0.816, having depegged by 18.4%.Previous reports from Parsec analysis stated that the depegging of sUSD is due to the SIP-420 mechanism change, not a bad debt issue.

ChainCatcher news, Coinbase Research released an analysis report indicating that due to the escalation of global tariffs and macroeconomic uncertainties, the crypto market may have entered a new round of "crypto winter." Currently, the total market capitalization excluding BTC is $950 billion, down 41% from the peak in December 2024, and 17% lower than the same period last year. The report notes that major assets, including the COIN50 index and BTC, have all fallen below the 200-day moving average, indicating that the overall market is in a downward trend.Although crypto financing slightly rebounded in the first quarter of 2025, it is still down about 50%-60% compared to the peak of the 2021-22 cycle, limiting the entry of new capital, especially significantly impacting Altcoins. Coinbase stated that if market sentiment clears, a turnaround may be expected by mid-year, but a defensive strategy still needs to be maintained in the short term.

ChainCatcher news, Arthur, the founder and chief investment officer of DeFiance Capital, stated on the X platform that the biggest problem currently plaguing the liquidity cryptocurrency market is how projects and market makers collaborate to create artificially sustained prices, a process that is completely opaque. You cannot determine whether the prices are driven by real supply and demand or simply manipulated by collusion between projects and market makers to achieve other goals.It is astonishing that centralized exchanges (CEX) are completely ignoring this, while the altcoin market is increasingly becoming a confidence-lacking "lemon market." Not to mention that the pricing of most token generation events (TGE) this year has been a joke, with tokens dropping 70% to 90% within months of listing, causing significant losses for anyone who bought in. If major players in the industry do not step up to improve this situation, then for the foreseeable future, most of the market will remain unattractive to investors.

ChainCatcher message, Binance's official announcement states that it has noticed significant price fluctuations in the MANTRA token OM. Preliminary investigations reveal that the fluctuations over the past day were primarily triggered by cross-exchange liquidations.Since October of last year, Binance has implemented several risk control measures for the OM token, including reducing leverage levels. Binance will continue to monitor leverage levels and make adjustments based on market conditions to strengthen risk control and help reduce volatility.Since January of this year, Binance has also enabled pop-up notifications on the spot trading page for OM, reminding users that the token's economic model has undergone significant changes and that the supply has increased.Binance will continue to closely monitor the situation and take appropriate actions to protect user interests and maintain the stability and fairness of the platform.

ChainCatcher message, MANTRA stated on platform X that the fluctuations in the OM market were triggered by the reckless forced account closures of token holders by CEX. The timing and depth of this crash indicate that account positions were suddenly closed without sufficient warning or notification. This incident occurred during a low liquidity period on Sunday night (early morning Asia) in Coordinated Universal Time (UTC), suggesting a certain degree of negligence on the part of CEX, or possibly a deliberate market positioning.CEX partners play a crucial role in providing liquidity for projects, but they still exercise a high degree of discretion. If discretion is exercised without appropriate internal and external oversight, chaotic situations like the recent one can and will occur, causing harm to both the projects and investors. It is important to clarify that this chaos was not caused by the team, MANTRA Chain Association, core advisors, or MANTRA investors selling tokens; the tokens remain locked and are subject to the announced vesting period, and the tokenomics remain unchanged. Please be reminded not to click on any scam links or impersonating MANTRA accounts.

ChainCatcher message, according to the CryptoQuant Insights report, Bitcoin rebounded after Trump announced a 90-day tariff suspension, while the declines in ETH and XRP also narrowed. Despite the rebound in Bitcoin's price, CryptoQuant's bull market score index has dropped to 10, the lowest level since November 2022, and this index must break through 40 to indicate sustained bullish momentum.CryptoQuant analysts point out that Bitcoin's current key resistance levels are between $84,000 and $96,000. If bullish momentum weakens, Bitcoin's gains may be limited within this price range, similar to past bear market cycles. Therefore, the market must remain vigilant, as the movement of the bull market index depends on whether investor confidence can be reignited.

ChainCatcher news, according to CoinDesk, Robinhood's Chief Information Security Officer Katelyn Perna stated that the goal of the crypto industry should be to design tools that make crypto accessible, secure, and simple, without sacrificing self-custody or decentralization.As the crypto industry matures, much of the focus remains on regulation, custody, and scalability. However, by 2025, the biggest barrier to adoption will not be policy, but user experience. The interface of crypto is still too complex for everyday users. From managing mnemonic phrases to deciphering blockchain transactions, onboarding feels more like navigating a maze than joining a financial revolution. Wallets remain fragmented, unintuitive, and risky. To achieve mainstream adoption, the industry must prioritize usability—making wallets and financial tools easier to access—while not compromising the core principles of decentralization. Until then, poor user experience will continue to hinder the development of cryptocurrency.

ChainCatcher news, Santiment posted that Trump's tariff exemption policy over the weekend triggered a sudden rise in the cryptocurrency market. Compared to 24 hours ago, the impact of high import costs on the tech industry has significantly weakened, and Bitcoin has reached a high of $85,900.Historically, crypto assets like Bitcoin often move in tandem with tech stocks, especially when investor sentiment shifts towards higher-risk assets. When tech stocks perform well, investors tend to feel more confident in purchasing cryptocurrencies. Therefore, Trump's tariff exemption policy has dispelled the clouds hanging over the tech industry, indirectly alleviating the pressure on the crypto market. In fact, just hours after the news broke, Bitcoin rebounded to the weekend high of $85,900, breaking through the resistance level around $83,000.

ChainCatcher message, Binance co-founder Zhao Changpeng posted on platform X: "If the government truly supports cryptocurrencies, I would be happy to provide assistance and advice on cryptocurrency adoption and regulatory policies. I offer free advice, the only limitation is whether I have the time."

ChainCatcher news, well-known trader Ansem posted on X: "If Solana can complete this deviation and close above $120 on the weekly chart, the next target should be $180, initiating a rally that lasts for several weeks. I am still not betting on SOL reaching a new high, but I believe this is indeed the prevailing sentiment in the current market, where the most aggressive counter-trend rebounds often occur at such moments."

ChainCatcher news, according to Parsec analysis, the recent depegging of the Synthetix stablecoin sUSD is not due to bad debt or protocol failure, but rather a side effect of the SIP-420 mechanism adjustment. SIP-420 introduces a shared debt pool mechanism, where SNX stakers no longer mint sUSD individually and bear personal debt, but instead delegate funds to a public pool, achieving a structure without liquidation and personal debt. However, when the price of sUSD deviates from the peg, stakers no longer have the incentive to repurchase sUSD at a low price to repay debts, and the protocol's original self-regulating mechanism fails. Meanwhile, over $80 million of SNX has flowed into the SIP-420 pool, coupled with Infinex activities driving position growth, leading to a rapid expansion of sUSD supply, while the market lacks corresponding demand, further putting pressure on the pegging mechanism.Currently, sUSD has fallen to $0.87, with a depegging of over 13%. The Synthetix team stated that they are working to rebuild sUSD demand through integration with Aave and Ethena, as well as strengthening Curve incentives.

ChainCatcher news, according to Jinshi reports, Fed's Schmid stated that compared to the beginning of the year, the risks of rising inflation, weak employment, and sluggish economic growth have significantly increased.