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Synthetix USD stablecoin has lost its dollar peg, plummeting to a five-year low of $0.83. This significant drop raises concerns about the stability and reliability of the stablecoin in the current market environment.
Grayscale Investments has restructured its Digital Large Cap Fund, allocating 90% to Bitcoin and Ethereum while replacing Avalanche with Cardano, which has seen a 75% price increase over the past year. Additionally, the GSCPxE Fund now includes Sui, and Grayscale is seeking to convert its Solana Trust into a spot ETF on NYSE Arca to enhance investor access. The firm continues to explore ETF conversions for its funds amid a potentially favorable regulatory environment.
Chainlink (LINK) is leading the real-world assets sector with nearly 394 notable GitHub events in the past month, according to Santiment. Following Chainlink are Synthetix (SNX) and Dusk Foundation (DUSK) with 176.6 and 34.7 events, respectively. LINK is currently trading at $28.10, marking a 2% decrease, while its on-chain momentum and fundamentals show improvement, with active addresses trending higher.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
synthetix usd stablecoin falls to five year low of 0.83
12:18 10.04.2025
grayscale rebalances funds increasing bitcoin and ethereum allocations while adjusting others
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16:32 09.01.2025
Chainlink Dominates Real World Assets Sector with Leading Development Activity
22:00 14.12.2024
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