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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas,
Synthetix will restore the sUSD peg to 1 USD, which will increase the collateral requirement for the 420 pool.
Odaily News Synthetix announced that its stablecoin sUSD will be restored to the target of 1 USD, and starting from June 2 at 23:59 UTC, SNX debt collateral users will be required to increase the sUSD collateral ratio in Pool 420 from 10% to 20%, otherwise debt exemptions will be suspended. Previously, due to user dumping, sUSD once fell to 0.70 USD. The official stated that restoring the peg will help advance the SIP-420 proposal and the subsequent deployment of v4 contracts on the Ethereum Mainnet.