Here’s What Happened in Crypto

Bitget Rolls Back Accounts After Market Irregularity in VOXEL-USDT Futures

Abnormal trading activity triggers a rollback and compensation plan from Bitget.

Cryptocurrency exchange Bitget detected unusual trading behavior in its VOXEL-USDT perpetual futures contracts during a 30-minute window between 8:00 to 8:30 UTC on April 20. In response, the platform is initiating a rollback of affected accounts within the next 24 hours to address the irregularities.

VOXEL-USDT perpetual futures contract spikes by over 138% in a single day. Source: TradingView

Gracy Chen, CEO of Bitget, clarified that the incident wasn’t platform-wide and involved peer-to-peer market trades rather than a failure on the exchange’s part. She emphasized that all user funds remain safe and secure.

To further reassure affected users, Bitget has committed to issuing compensation for any residual losses using its $300 million protection fund. This fund is designed to safeguard user assets during unforeseen market events.

This marks yet another disruption in the crypto trading space, following previous exploits such as the Hyperliquid-Jelly memecoin market incident in March 2025.

Dogecoin Holders Celebrate "Dogeday" as ETF Speculation Builds

Dogecoin’s biggest community day arrives amid ETF buzz and ongoing debates over its inflation.

Source: Bitget

April 20 marks "Dogeday," the unofficial holiday celebrated by Dogecoin holders across the globe. The date, which overlaps with International Weed Day, has become a tradition in the memecoin community since it first gained traction in 2021.

The celebration comes as anticipation grows for upcoming decisions regarding Dogecoin-based exchange-traded funds (ETFs). Despite its origins as a joke, Dogecoin remains a major player in the crypto scene. With a market cap of $23.3 billion, it currently ranks as the eighth-largest cryptocurrency, according to CoinMarketCap.

Critics often highlight Dogecoin’s tokenomics — especially its daily issuance of 14.4 million new DOGE, equating to over $2.16 million in daily inflation. Still, the coin has shown impressive staying power.

“Dogecoin’s success stems from a blend of community-driven enthusiasm, low entry barriers, and speculative appeal,” said Anndy Lian, blockchain author and advisor.

“Crypto Is Not Communism” — CoinFund President Fires Back at BIS Report

A leading crypto investor calls the BIS’ containment strategy misguided and dangerous.

A fiery debate over crypto regulation erupted after the Bank for International Settlements (BIS) released its April 15 report titled “Cryptocurrencies and Decentralized Finance: Functions and Financial Stability Implications.”

Christopher Perkins, president of blockchain investment firm CoinFund, publicly slammed the report, arguing that its recommendations on isolating crypto from traditional finance pose a threat to innovation and economic inclusion.

“Many of their conclusions — perhaps due to fear, arrogance, or ignorance — are completely uninformed and, frankly, dangerous,” Perkins wrote in an April 19 X (formerly Twitter) post.

He rejected the BIS’s “containment” model, calling crypto the next iteration of the internet: “You cannot control it anymore than you control the internet,” he said.

Perkins emphasized that crypto is not about economic upheaval but about democratizing access to financial services worldwide.