While Bitcoin faces a stubborn resistance wall at the $105,000 mark and Ethereum struggles to break through the $2,500 threshold, several smaller altcoins are defying market trends. Fair […]
Synthetix Calls Off Acquisition of Derive After Community Backlash
Synthetix has abandoned its proposed acquisition of the cryptocurrency options platform Derive after facing substantial opposition from both communities involved. The decentralized derivatives platform announced on Wednesday that […]
Synthetix Cancels Derive Acquisition Plan Following Community Backlash
A significant development has occurred in the decentralized finance (DeFi) space as Synthetix, a leading synthetic asset protocol, has withdrawn its $27 million acquisition plan for Derive, a […]
Synthetix Acquires Derive Protocol via Token Swap: $27 Million Deal
Synthetix is exploring a strategic acquisition of the decentralized options protocol Derive (formerly Lyra) through a token swap. The proposed deal, worth $27 million, would involve exchanging 27 […]
Synthetix Acquires Derive for $27M, Aiming to Strengthen DeFi Ecosystem
Synthetix, a prominent decentralized finance (DeFi) platform, has announced the acquisition of Derive, a crypto options platform previously spun off from its ecosystem. The deal involves an exchange […]
Synthetix Acquires Derive in $27M Ethereum Mainnet Expansion
Synthetix has made a significant move, acquiring Derive for a hefty $27 million in a token swap on the Ethereum mainnet. This strategic merger aims to enhance Ethereum’s […]
Synthetix Proposes Acquisition of Derive Through Token Swap
Synthetix is proposing a token swap deal to acquire the decentralized options platform Derive. The proposal involves exchanging 29.3 million SNX tokens for a proportionate amount of DRV […]
Synthetix to Acquire Derive for $27 Million, Expanding DeFi Footprint
Synthetix has proposed a $27 million acquisition of Derive, a decentralized options platform, as reported on May 14, 2025. This move signals Synthetix’s strategic expansion into the realm […]
Synthetix to Re-acquire Derive in Token Exchange Deal Worth $27M
DeFi platform Synthetix has announced plans to re-acquire the crypto options platform Derive. The deal, valued at approximately $27 million, will be conducted through a token exchange, with […]