The SpaceX pre-IPO perpetual contract on Hyperliquid's Ventuals market plunged 45% after an oracle mishandled SpaceX's 5-for-1 stock split, causing liquidations across 405 users and 1,393 trades. The synthetic contract, which allows trading based on SpaceX's implied share price without owning actual shares, relies on offchain data from Notice.co. The error exposed risks in pre-IPO onchain markets that depend heavily on single data sources. Ventuals has pledged compensation to affected users and taken steps to prevent future issues as SpaceX's public listing approaches in June.
Oil prices are rising sharply due to renewed US naval blockades on Iranian shipping and increased tensions in the Strait of Hormuz, a critical oil transit route. Brent crude is holding above $85 and WTI above $80, with forecasts suggesting WTI could ...
The US government announced it will impose a new 25% tariff on Brazilian ethanol starting next Wednesday, accusing Brazil of unfair trade practices. This tariff excludes major Brazilian exports like oil, beef, coffee, and aircraft parts. The move fol...
Alibaba and Baidu shares rose after Apple received approval from China's Cyberspace Administration to include Apple Intelligence, integrating Alibaba's Qwen AI model and Baidu's AI features into Apple devices in China. This partnership allows users t...
Ondo Finance has introduced the first tokenized stock representations backed by DTCC tokenized entitlements, joining major financial firms in a significant tokenization initiative. This move highlights Ondo's unique position in building infrastructur...
Leading Japanese companies, startups, and research institutions are developing specialized AI models using NVIDIA Nemotron open models to address Japan's unique language, industrial, and workforce challenges. These AI applications range from enterpri...
