Today in crypto, the Bitget crypto exchange rolled back accounts following “abnormal trading activity” in VOXEL-USDT perpetual futures contracts,” the Dogecoin community celebrates “Dogeday,” and CoinFund’s president takes aim at the latest crypto report from the Bank for International Settlements.
Bitget rolls back accounts after market irregularity in VOXEL-USDT perpetual futures contracts
Cryptocurrency exchange Bitget detected “abnormal trading activity” in VOXEL-USDT perpetual futures contracts between 8:00 to 8:30 UTC on April 20 and is rolling back accounts impacted by the trading irregularity during the next 24 hours.
Bitget CEO Gracy Chen told Cointelegraph that the issue was not platform-wide and involved funds traded between market participants and not the exchange itself. Chen added that all user funds are safe.
The exchange is also issuing a compensation plan for traders affected by the market irregularity. Chen told Cointelegraph:
“For any residual losses, Bitget is fully prepared to offer compensation. Our $300 million protection fund provides more than sufficient backing to support our users in such events, assuring that user assets remain secure.”
The incident is the latest in a string of market irregularities impacting cryptocurrency exchanges and causing losses to users, including the Hyperliquid-Jelly memecoin market exploit in March 2025.
Dogecoin holders celebrate “Dogeday” 4/20 as ETF decision draws near
Dogecoin holders worldwide celebrate “Dogeday” on April 20, as the memecoin’s community awaits upcoming deadlines for Dogecoin-related exchange-traded fund (ETF) applications.
Dogeday marks the unofficial holiday of the Dogecoin community. It gained traction in the memecoin community four years ago, in 2021, during International Weed Day on April 20.
Despite its reputation as a joke token, Dogecoin remains the eighth-largest cryptocurrency by market capitalization, currently valued at $23.3 billion, according to CoinMarketCap.
Dogecoin’s tokenomics have often been criticized for issuing 14.4 million worth of new DOGE into circulation per day, giving it a daily inflation rate of over $2.16 million.
Dogecoin’s staying power “stems from a blend of community-driven enthusiasm, low entry barriers, and speculative appeal,” according to Anndy Lian, author and intergovernmental blockchain expert.
“Crypto is not communism” — Exec slams BIS’ take on crypto
The Bank for International Settlements’ (BIS) push to isolate crypto markets and its controversial recommendations on DeFi and stablecoins is “dangerous” for the entire financial system, warns the head of a blockchain investment firm.
“Many of their recommendations and conclusions — perhaps due to a mix of fear, arrogance, or ignorance — are completely uninformed and, frankly, dangerous,” CoinFund president Christopher Perkins said in an April 19 X post, referring to the BIS’ April 15 report titled “Cryptocurrencies and Decentralized Finance: Functions and Financial Stability Implications.”
“Crypto is not communism,” Perkins said, pushing back against the BIS’ call for a “containment” approach to isolate crypto from traditional finance and the broader economy.
“It’s the new internet that provides anyone with a connection access to financial services,” Perkins said. “You cannot control it anymore than you control the internet,” he added.
Source: https://cointelegraph.com/news/what-happened-in-crypto-today
Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.
Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.
An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.