ChainCatcher news, Grayscale announced that as of December 4, 2024, the Grayscale DeFi Fund has not added or removed any new tokens, with the assets and weights as follows: UNI (57.8%), AAVE (18.86%), MKR (9.47%), LDO (9.04%), SNX (4.83%).

ChainCatcher news, according to on-chain analyst @ai_9684xtpa monitoring, early investment firm Framework Ventures has deposited 6.5 million SNX, worth 19.5 million USD, to Coinbase 3 hours ago.Framework is the largest institutional holder of SNX and an important shareholder of Synthetic; before the deposit, it held 7.1% of the total tokens, and currently still has SNX worth 51.19 million USD remaining.

ChainCatcher news, according to monitoring by Spot On Chain, investment firm Framework Ventures (the largest holder and investor of SNX) deposited 6.5 million SNX into Coinbase Prime two hours ago, valued at approximately 19.6 million dollars.Four months ago, the firm withdrew 6 million tokens from Coinbase Prime at a low price of SNX, which was valued at around 7.2 million dollars at that time. If Framework Ventures indeed bought at the low and sold at the current price, the theoretical profit would reach 10.9 million dollars, with a return rate of up to 152%. Currently, the firm still holds 17.9 million SNX, valued at 54 million dollars, all of which are vested assets.

ChainCatcher news, former Synthetix employee Duo Duo Dorothy stated on X that SynthaMan is a member of the Spartan Council, one of the elected representatives participating in governance, and has never been a team member, let alone the financial officer. The true financial officer of SNX is only SNX co-founder Jordan, who exited SNX after its decentralization was completed.It is reported that SynthaMan's Twitter bio is Synthetix guardian, Ex Synthetix councillor, Ex Synthetix treasurer.Previous news, SynthaMan tweeted that he lost all his SNX tokens due to liquidation.

ChainCatcher news, former Synthetix CFO SynthaMan tweeted yesterday that he lost all of his SNX tokens due to liquidation.SynthaMan stated that he has held SNX since the ICO and has never sold a single token, but now he has nothing left. As a father of five, he admitted that he doesn't know how to make ends meet and said he is shaking and crying because he can no longer support his family.SynthaMan is calling for any job opportunities related to cybersecurity or security research to contact him, as he is willing to work hard to provide for his family.He also mentioned that if anyone is willing to donate or lend him money until his ILV unlocks in September, it can be sent to the wallet address Spartan.eth. SynthaMan said he just needs to get through the next 1.5 months.SynthaMan said: "I woke up feeling like this is all a dream, but I didn't expect it to be real, I'm done for."

ChainCatcher news, according to Ember Monitoring, a whale transferred 1,067,930 SNX (worth 2.1 million USD) to Binance for sale 4 hours ago, causing the SNX price to drop by 7.4%.These SNX were withdrawn from Binance at an average price of 2.173 USD between 2023/1/31 and 2023/7/12, and were all sold today, expecting a 13% loss on this SNX investment.

ChainCatcher message, Coinbase Assets announced on platform X that, according to a recent review, the platform will suspend trading of Circuits of Value (COVAL), Rai (RAI), and Wrapped Ampleforth (wAMPL) around 02:00 Beijing time on July 20. Trading on Coinbase.com (both simple and advanced trading), Coinbase Exchange, and Coinbase Prime will be suspended. The order books for COVAL, RAI, and wAMPL have been moved to limit order mode. Limit orders can be placed and canceled, and matching may occur.In addition, Coinbase will suspend trading of Synthetix (SNX) for New York users around 02:00 Beijing time on July 20. Trading for New York users on Coinbase.com (both simple and advanced trading), Coinbase Exchange, and Coinbase Prime will be suspended. Synthetix (SNX) trading will still be available in supported regions.

ChainCatcher news, according to Lookonchain monitoring, a certain whale today deposited 1.59 million SNX (worth approximately 4.54 million USD) and 2.62 million CAKE (worth approximately 7 million USD) into Binance. It is expected that the SNX will incur a loss of 1.8 million USD, while the CAKE will gain 256,000 USD.

ChainCatcher news, according to the official announcement, Binance will remove the INJ/TUSD, MEME/TUSD, SNX/ETH, and SYN/BTC spot trading pairs and cease trading on May 24, 2024, at 11:00 (UTC+8).

ChainCatcher news, according to Coingecko data, the stablecoin sUSD minted by Synthetix ecosystem staking SNX had depegged to around 0.925 earlier today, and has now rebounded to 0.956 USD.Blockchain security firm Chaos Labs analyzed that the reason for the depegging may be due to a large sBTC/wBTC liquidity provider suddenly withdrawing liquidity, using Synthetix's spot synth redemption to obtain sUSD, and selling sUSD in the related Curve pool.

ChainCatcher news, according to Spot On Chain monitoring, Framework Ventures (the largest institutional holder address of SNX) deposited 2 million SNX (worth 5.85 million USD) to Coinbase at an average price of 2.92 USD 7 hours ago.Since March 6, this venture capital firm has deposited 6 million SNX (worth 23.8 million USD) to Coinbase, after not moving SNX for the previous 7 months. Currently, it holds 17.3 million SNX, approximately worth 51 million USD.

ChainCatcher news, Synthetix founder Kain Warwick posted on social media that he will create a Memecoin on the OP network for all SNX stakers to test the activity costs after the implementation of Eip-4844 on the network.

ChainCatcher news, according to Spot On Chain monitoring, Framework Ventures has deposited 4 million SNX to Coinbase in the past 14 hours, worth approximately 18 million dollars.Currently, Framework Ventures still holds 19.3 million SNX, valued at about 85.4 million dollars.

ChainCatcher news, February 29, Synthetix posted on social media that the daily trading volume of Synthetix Perps has reached $374 million, with captured trading fees of $200,000, and a total of $584,000 in fees captured this week.

ChainCatcher news, Synthetix founder Kain Warwick posted on social media that SNX stakers suffered approximately $2 million in losses during today's TRB event.It is reported that the open contract limit for TRB on the Synthetix platform was originally $250,000, but with the price surge over the past few months, this limit has skyrocketed to $12.5 million. The limit should have been lowered, but risk control was poorly managed. Due to the price surge of TRB today, many short positions were created, but the spot and perpetual prices diverged, making it impossible to balance through arbitrage, resulting in strategy failure.

ChainCatcher news, the decentralized derivatives protocol Synthetix stated on the X platform that, according to SIP-2043, investors will no longer receive new inflation rewards starting today. However, users may still notice available SNX rewards to claim. These are just the rolling unclaimed rewards.It is reported that the SIP-2043 proposal aims to end SNX inflation. This proposal to end inflation means a redistribution of rights between SNX stakers and regular holders. The inflation incentives for SNX staking will disappear, and the rights of regular holders will no longer be continuously weakened by inflation.

ChainCatcher news, Synthetix (SNX) is about to launch on the licensed virtual asset exchange in Hong Kong, HashKey Exchange.The launch details and schedule are as follows:Deposits and withdrawals: Now openTrading opens: December 15, 2023, 16:00 (Hong Kong time)Trading pair: SNX/USDUser types allowed: Professional investors only

ChainCatcher news, Synthetix tweeted that the governance committee Spartan Council has voted to terminate SNX inflation, and there will be no new tokens issued, nor will there be any token releases each week. According to the voting results for the "SIP-2043: End SNX Inflation" proposal, there are currently 6 votes, and the voting for this proposal will end on December 18 at 03:10 Beijing time.

ChainCatcher news, Synthetix founder Kain Warwic has submitted a draft "SIP-2043: End SNX Inflation" to the governance committee Spartan Council, proposing to reduce the weekly SNX inflation rate to zero, stating that this change only requires updating one parameter, so it can be implemented quite quickly.Kain Warwic believes that the effectiveness of SNX inflation incentives has significantly decreased, and continuing inflation would be counterproductive, as the current inflation is at a low single-digit level, which will not have a meaningful impact on the behavior of stakeholders.