Oracle

Trade.xyz said it will cover trader losses after its SK Hynix perpetual futures contract fell sharply following a single executed trade on a thin Korean pre-market venue. The company maintains that its oracle worked as designed, while signaling a review of how it weighs external prices against its own order book data.

Balance Coin, an algorithmic stablecoin designed to track a dollar peg, plunged more than 99% after an attacker exploited a pricing flaw tied to its bitcoin collateral system. The incident drained about $912,000 from 42DAO and intensified scrutiny of DeFi oracle design and liquidation safeguards.

The S&P 500 reversed from record highs as traders await the Fed decision, while Oracle jumped 5% on TikTok deal reports. Retail sales data showed consumer resilience.