Onchain derivatives platform Paradex has refunded $650,000 to approximately 200 users after a technical issue during scheduled maintenance led to unintended liquidations across several markets. The incident highlights ongoing operational risks in both decentralized and traditional trading infrastructure. The disruption occurred during a planned 30-minute database upgrade, when a software race condition caused corrupted funding and pricing data to be recorded onchain. As a result, liquidation mechanisms were triggered incorrectly, impacting leveraged perpetual positions. Paradex confirmed the issue was operational in nature, stressing that there was no hack or security breach involved. According to a Friday post-mortem shared on X by Paradex;…
Author: Blockto Team
Stablecoins are playing a growing role in Africa’s financial landscape, driven by the rising importance of remittances as a primary source of income, increasingly outweighing traditional foreign aid flows. The shift reflects both economic pressure and rapid adoption of digital financial tools across the continent. Cross-border payments in many African countries remain expensive and inefficient, with fees averaging around $6 for every $100 sent through conventional money transfer services. Stablecoins are changing that equation by enabling faster settlements and significantly lower costs, allowing funds to move across borders within minutes rather than days. Inflation has surpassed 20% in roughly 12…
Binance has confirmed that it is actively exploring the reintroduction of tokenized equities, marking a potential return to a product line it suspended in 2021 following regulatory pressure. The move reflects growing interest in bridging traditional financial markets with blockchain-based assets as regulatory frameworks slowly evolve. Tokenized equities are blockchain-based digital representations of publicly traded stocks, allowing users to gain price exposure without directly holding the underlying shares. Binance previously offered tokenized shares of major companies such as Tesla, Apple, Microsoft, and other technology-focused firms before discontinuing the service. The exchange now describes tokenized equities as a natural progression in…
Shares of digital asset custodian BitGo Holdings have experienced sharp volatility following the company’s New York Stock Exchange debut, underscoring cautious investor sentiment toward newly listed crypto firms. After an early surge, the stock has slipped below its initial public offering price, reflecting a rapid cooling of IPO enthusiasm. BitGo priced its IPO at $18 per share, with the stock jumping roughly 25% on its first trading day amid strong initial demand. However, gains faded quickly. In subsequent sessions, shares dropped as much as 13.4% below the offer price, signaling profit-taking and reduced risk appetite among investors. At the IPO…
Blockchain security firm CertiK is keeping a potential initial public offering firmly on its long-term roadmap as its valuation climbs to approximately $2 billion. Company leadership says a public listing could mark a turning point not only for CertiK, but for the broader Web3 infrastructure sector. Speaking at the World Economic Forum in Davos, CertiK’s leadership confirmed that while there is no fixed timeline for an IPO, pursuing a public listing remains a strategic objective. The company believes that reaching this milestone will require significant capital investment and deeper strategic partnerships to support global expansion and operational scale. CertiK’s executives…
The US Securities and Exchange Commission has formally dismissed its civil enforcement action against Gemini Trust Company, bringing an end to a high-profile case tied to the collapse of the Gemini Earn crypto lending program. The dismissal, filed in federal court, permanently closes the matter pending judicial approval. According to court records, the SEC and the defendants jointly agreed to dismiss the lawsuit with prejudice, meaning the agency cannot refile the same claims in the future. The case centered on allegations that the Gemini Earn program involved the offer of unregistered securities through a partnership with Genesis Global Capital. A…
The US Office of the Comptroller of the Currency (OCC) has confirmed it will continue reviewing World Liberty Financial’s application for a national trust bank charter, despite calls from Democratic lawmakers to pause the process over potential conflicts of interest. In a formal response, the OCC stated that the bank charter application will proceed under existing regulatory standards. The agency rejected a request to suspend the review until President Donald Trump divests from the crypto platform, emphasizing that political influence and personal financial ties will not affect the decision-making process. The OCC leadership reiterated that the charter review process is…
US Senate Democrats have introduced a new round of ethics-focused amendments to the proposed crypto market structure bill, intensifying efforts to limit potential conflicts of interest as Congress moves closer to defining federal oversight of digital assets. Ahead of the upcoming Senate Agriculture Committee markup, Democratic lawmakers filed amendments designed to prevent US government officials from financially benefiting from cryptocurrency activities. A key proposal seeks to incorporate the Digital Asset Ethics Act into the broader legislation, which would restrict elected officials and senior government figures from profiting directly from the crypto sector. These measures come amid growing scrutiny over alleged…
Grayscale has submitted an application to the US Securities and Exchange Commission seeking approval to launch a spot BNB exchange-traded fund. The proposed product would mark a significant expansion beyond the firm’s existing Bitcoin and Ether offerings, signaling growing interest in broader crypto market exposure through regulated investment vehicles. According to regulatory filings, the fund would hold BNB directly and issue shares designed to track the token’s market price, adjusted for fees and expenses. The ETF is intended to list on Nasdaq under the ticker GBNB, pending approval. If cleared, it would allow US investors to gain regulated exposure to…
Bitcoin’s recent price stability near $90,000 is masking a deeper issue for investors: returns are no longer compensating for risk. A key performance metric, the Sharpe ratio, has slipped firmly into negative territory, echoing conditions last seen during major market drawdowns in 2018–2019 and after the 2022 crypto market collapse. The Sharpe ratio measures whether an asset’s returns justify its volatility compared with low-risk alternatives. A negative reading indicates that price swings are outweighing potential gains. Current data shows Bitcoin experiencing elevated volatility, sharp intraday moves, and uneven rebounds, resulting in poor risk-adjusted performance even after prices stopped falling aggressively.…