Paradex Refunds $650K After Maintenance Bug Triggers Liquidations

Onchain derivatives platform Paradex refunded $650,000 to about 200 users after a maintenance-related software error triggered unintended liquidations across multiple markets. According to a Friday post-mortem shared on X by Paradex, the incident occurred during a planned 30-minute database upgrade on Monday, when a “race condition” caused corrupted market data to be written onchain. Paradex…

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Grayscale files S-1 seeking approval for BNB ETF

Grayscale has filed a registration statement with the US Securities and Exchange Commission seeking approval to launch an exchange-traded fund that tracks BNB, the native token of the BNB Chain. According to the filing, the proposed Grayscale BNB ETF would hold BNB tokens and aim to reflect the asset’s market price, less expenses. If approved,…

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ETH, XRP, ADA, BNB, and HYPE

This Friday, we examine Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid in greater detail. Ethereum (ETH) Ethereum fell by 12% this week after sellers returned at the $3,345 key resistance. At the time of this post, the price also broke below the $3,000 support level. If ETH is unable to return above $3,000 in the…

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