Synthetix governance votes to retire sUSD, pay holders in SNX tokens

Synthetix governance has moved to retire sUSD entirely under SIP-423, introduced June 12. The proposal would freeze the stablecoin contract and pay all holders back at face value in vested SNX at a conversion of four SNX per sUSD. A companion SIP-424 covering technical implementation is pending.

Coinbase has launched pre-IPO perpetual futures linked to OpenAI and Anthropic, giving eligible non-U.S. traders a new way to track the valuations of two prominent private AI firms. The contracts are settled in USDC and are designed to transition toward equity-linked pricing if IPO terms and share-count data become available. Coinbase Promotes New Access to […]

On-chain governance stripped admin control over Aztec's rollup contract, freezing the code in place and clearing the technical bar for L2Beat's top decentralization tier.

Bittensor's decentralization plan could reshape governance dynamics, potentially stabilizing TAO's market but risking new centralization forms. The post Bittensor founder targets full decentralization within 18 months appeared first on Crypto Briefing.

Perpetual futures, or perps, are the most traded instrument in crypto. They let you bet on price with leverage and never expire, held in line with the spot market by a clever fee called the funding rate. They are powerful,…

Kraken announces plans to launch the first CFTC-regulated perpetual futures for US traders on Kraken Pro within 30 days, bringing key crypto derivatives onshore.

Joseph Lubin defended Vitalik Buterin’s sci-fi novel, saying fiction can help Ethereum explain privacy, governance and cypherpunk ideas.

The world's largest derivatives exchange operator said Wednesday it will sue the CFTC over the agency's approval of Kalshi's bitcoin perpetual futures, arguing the contracts should be classified as swaps under the Dodd-Frank Act.