24-Hour Hot Cryptocurrencies and Key News｜U.S.-Iran Talks Fail to Reach Agreement; Justin Sun Publicly Criticizes WLFI (April 13)
- Core View: Market data indicates overall subdued volatility in the cryptocurrency market, while some altcoins show active performance. Industry focus spans multiple layers including regulatory developments, project controversies, and institutional movements.
- Key Elements:
- CEX data shows minor price fluctuations for major cryptocurrencies, while altcoins like ENJ posted significant 24-hour gains. On the OKX top gainers list, tokens like BASED and WET surged over 15%.
- Regarding industry developments, Gemini is considering converting founder loans to equity due to shrinking market cap. The $1.6 billion merger deal between Ethereum treasury company The Ether Machine and a SPAC was terminated due to unfavorable market conditions.
- In the regulatory and compliance sphere, the U.S. CFTC established an innovation working group to clarify cryptocurrency oversight. Argentina has included cryptocurrencies in the net asset calculation for qualified investors.
- Project controversies persist. Justin Sun publicly condemned the WLFI project for having a smart contract backdoor and freezing its assets. In response, a WLFI co-founder stated the project is unrelated to Trump meme coins and its core product is a stablecoin.
- On institutional product progress, Bitwise submitted amended filings for its spot Hyperliquid ETF, signaling a potential imminent launch. The Aave DAO passed a proposal to provide Aave Labs with a $25 million grant.
1. Hot Tokens on CEXs
Top 10 CEX Trading Volume and 24-hour Price Changes:
- BTC: -0.66%
- ETH: -0.75%
- SOL: -0.44%
- XRP: +0.02%
- ZEC: -0.03%
- DOGE: +0.32%
- 币安人生: +44.19%
- BNB: +0.11%
- XAUT: -0.51%
- ENJ: +15.09%
24-Hour Top Gainers (Data Source: OKX):
- BASED: +20.33%
- WET: +17.9%
- ENJ: +15.09%
- HUMA: +13.31%
- CITY: +10.05%
- ACH: +9.56%
- ROBO: +7.67%
- YB: +6.75%
- WLD: +6.51%
- CATI: +5.98%
24-Hour Top Gainers in Tokenized Stocks (Data Source: msx.com):
- VVPR.M: 11.23%
- BTOG.M: 10.67%
- STKE.M: 6.98%
- FFAI.M: 6.32%
- MIGI.M: 4.23%
- VERB.M: 4.18%
- TGL.M: 2.19%
- HIVE.M: 1.92%
- BNC.M: 1.91%
- AMRK.M: 1.88%
2. Trending On-Chain Memes (Data Source: GMGN):
- Solana: Chair🪑, AOW, SNIGGA;
- BSC: Hermes, PP, jelly
Headlines
Iran Says Negotiations Have Ended, No Agreement Reached with U.S.
Odaily News: According to Iran's Tasnim News Agency citing a reporter, Iran-U.S. negotiations have concluded without an agreement, as excessively high U.S. demands hindered the establishment of a common framework and agreement. (Jin10)
Iran in No Rush for Further Negotiations with U.S.
Odaily News: Iran's Tasnim News Agency reported early today (April 12) local time, citing informed sources, that Iran is in no hurry to engage in further negotiations with the United States. It is said that Iran presented reasonable proposals during the talks, and now "the ball is in the U.S. court," urging the U.S. to take a pragmatic view of the issues. The source also stated that the U.S. government "has been making mistakes in negotiation decisions, just as it did in war decisions," and Iran is not in a hurry; as long as the U.S. does not agree to a reasonable deal, the situation in the Strait of Hormuz will not change. The time and location for the next round of talks have not yet been determined. (CCTV International News)
Trump: Expects Iran to Return to Negotiations
Odaily News: U.S. President Donald Trump stated that the Iranians have not left the negotiating table and he expects them to return and give us everything we want. (Jin10)
U.S. Military to Block Maritime Traffic to Iranian Ports at 10 PM on the 13th
Odaily News: U.S. Central Command announced that its forces will begin implementing a blockade on all maritime traffic entering and exiting Iranian ports starting at 10:00 AM Eastern Time on April 13 (22:00 Beijing Time today). This blockade will be applied equally to vessels of all nations entering or exiting Iranian ports and coastal areas, including all Iranian ports in the Arabian Gulf and the Gulf of Oman. Central Command forces will not impede freedom of navigation for vessels transiting the Strait of Hormuz to and from non-Iranian ports. Prior to the blockade's commencement, further information will be provided to commercial mariners via formal notices. All mariners are advised to monitor "Notice to Mariners" broadcasts and contact U.S. naval forces on bridge-to-bridge channel 16 when operating in the Gulf of Oman and the Strait of Hormuz entrance area. (Jin10)
Iranian Foreign Minister: Iran-U.S. Talks Were Just "One Step Away" from Agreement
Odaily News: Iranian Foreign Minister Hossein Amir-Abdollahian posted on social media on the 13th, stating that the recent Iran-U.S. negotiations held in Islamabad, Pakistan, were just "one step away" from reaching an agreement. Amir-Abdollahian said Iran engaged in dialogue with the U.S. in good faith, aiming to end the war. "When we were just one step away from an agreement, the U.S. side demanded too much, kept changing its demands, and threatened to impose a blockade, having learned no lessons." He added, "Goodwill begets goodwill, and hostility breeds hostility." (Xinhua)
Justin Sun: Condemns Ongoing Token Scandal Perpetrated by Bad Actors Within WLFI
Odaily News: Justin Sun posted on X platform, stating: "I have always been a staunch supporter of President Trump and his crypto-friendly policies. As an early supporter of World Liberty Financial, I invested significant capital in the project's early stages because I believed in the vision presented to the public: a DeFi platform promoting financial freedom, removing intermediaries, and bringing the benefits of decentralized finance to ordinary people.
However, what was never disclosed to me or any investor was this: World Liberty secretly embedded a backdoor blacklist function in the smart contract deploying the WLFI token. This function grants the company unilateral power to freeze, restrict, and even effectively confiscate the property rights of any token holder without notice, reason, or recourse. This is the opposite of decentralization. It is a trap disguised as a gateway.
I hereby condemn the ongoing token scandal perpetrated by bad actors within WLFI.
I am the first and largest victim—as early as 2025, they illegally blacklisted my WLFI token wallet, an act that violates fundamental investor rights and the principles of fairness on the blockchain.
All actions taken by the WLFI team—extracting fees from users, secretly embedding backdoors to control user assets, freezing investor funds without disclosure and due process, treating the crypto community as a personal ATM—all these actions are improper and were never authorized by any fair, transparent, good-faith community governance process.
The governance votes cited to legitimize the above actions were not conducted through fair or transparent procedures. Key information was withheld from voters, substantive participation was restricted, and outcomes were predetermined. These votes do not represent the will of the community—they represent the will of those who designed them. These actions have nothing to do with me. Nothing to do with the investors who believed in the project's promises. We oppose each and every one of the above actions in the strongest terms.
The actions of the WLFI team are eroding community trust in the project. Unlock the tokens, maintain transparency to the community. Let's build with integrity, not misconduct."
Industry News
Michael Saylor Again Posts Bitcoin Tracker Info, May Disclose Accumulation Data Next Week
Odaily News: Michael Saylor, founder of the Bitcoin treasury company MicroStrategy, again posted information related to the Bitcoin Tracker. He wrote: "Think ₿igger." According to previous patterns, MicroStrategy has always disclosed its Bitcoin accumulation information the day after such messages are posted.
Odaily News: Cryptocurrency exchange Gemini's valuation has shrunk by over 50% this year, and it has laid off 30% of its staff. Internally, discussions are underway to request founders Tyler Winklevoss and Cameron Winklevoss to forgive hundreds of millions of dollars in loans they provided to the company or convert the debt into equity. As of the end of December, Gemini owed 4,619 Bitcoin, valued at over $330 million at current prices. Securities filings show Gemini lost $585 million last year. Additionally, the company plans to exit the UK, EU, and Australian markets, and several executives have departed. The Winklevoss twins currently hold majority voting rights and have not yet indicated whether they support the proposal.
Odaily News: Ethereum treasury company The Ether Machine and special purpose acquisition company (SPAC) Dynamix Corporation (ticker: DYNX) announced on Friday that they have mutually agreed to terminate the previously planned $1.6 billion merger transaction due to unfavorable market conditions. According to filings with the U.S. Securities and Exchange Commission (SEC), The Ether Machine must pay Dynamix a $50 million termination fee within 15 days.
The merger agreement was first disclosed in July 2025, originally planning to list The Ether Machine on Nasdaq under the ticker ETHM. Regarding the transaction size, the agreement included a fully committed $1.5 billion PIPE financing (reportedly the largest all-common-stock financing of its kind since 2021), along with approximately $170 million from Dynamix's trust account. The post-merger company was expected to hold over 400,000 Ethereum on its books. (CoinDesk)
Musk's "Western WeChat" XChat to Officially Launch on App Store on April 17
Odaily News: X platform's social application XChat officially announced it will officially launch on the App Store on April 17. The app emphasizes end-to-end encryption, no ads, and no tracking. Counting from the internal beta in May 2025, XChat has undergone nearly a year of testing and iteration; if counting from Musk's acquisition of Twitter in 2022 with the ambition to build a Western version of WeChat, it has been nearly four years.
Odaily News: While accelerating its expansion into prediction markets, Robinhood has proactively excluded certain contract products due to concerns they may facilitate market manipulation and insider trading risks. Jordan Sinclair, President of Robinhood UK, stated the company is highly focused on market abuse issues and will not offer all prediction markets or event contracts to users, instead selectively listing products more suitable for customers.
Recently, several instances of "precise betting" have raised regulatory concerns. For example, abnormal large bets appeared on Polymarket before U.S. actions against Iran; Israeli regulators also sued two individuals for using confidential information to participate in betting. Additionally, "mention markets" (such as betting on words that will appear in a speech) are explicitly excluded from Robinhood's product scope due to being easily manipulated.
Currently, Robinhood primarily provides compliant prediction market services through partnerships with Kalshi and ForecastEx, prioritizing regulated platforms to mitigate information misuse and cross-border compliance risks. In contrast, less-regulated Polymarket allows users to trade via crypto wallets with relatively lax identity verification.
Robinhood previously expected prediction markets to become a significant growth engine. CEO Vlad Tenev stated that this business was one of the fastest-growing segments in 2025 and could potentially drive annual trading volumes reaching trillions of dollars in the future. (Financial Times)
UK Financial Regulators Urgently Assessing Risks of Anthropic's Latest AI Model
Odaily News: UK financial regulators are holding emergency consultations with the government's key cybersecurity regulator and the country's largest banks to assess the risks posed by Anthropic's latest artificial intelligence model.
Officials from the Bank of England, the Financial Conduct Authority, and the Treasury are consulting with the National Cyber Security Centre to explore potential vulnerabilities in critical IT systems revealed by Anthropic's latest model.
According to two informed sources, within the next two weeks, the UK's major banks, insurers, and exchanges will meet with regulators, where they will be briefed on the cybersecurity risks exposed by Anthropic's latest model, Claude Mythos Preview. (FT)
Project News
Odaily News: In response to recent concentrated criticisms on the X platform regarding the WLFI project, WLFI co-founder Zach Witkoff posted a response stating: "You lack a basic understanding of the facts here. There's too much to refute, but I'll start with a few basic facts:
1. You conflate the WLFI project with the Trump meme coin—they are completely unrelated; 2. WLFI has no association with 'fight fight fight' or CIC Digital Company; 3. Our early holders bought at $0.015 and $0.05, and the price today is $0.08; 4. We do not have 'trading fees' as our main product; our main product is a stablecoin that generates yield by holding treasury bonds. Our stablecoin is the second-largest compliant stablecoin by trading volume and market cap, which is no small achievement. You should try to do a bit more research before writing a long thread."
Aave DAO Passes Proposal for $25 Million Product Development Grant to Aave Labs
Odaily News: Aave DAO passed the first binding proposal under the Aave Will Win framework for Aave Labs on Sunday. The proposal received support from 522,780 AAVE tokens, with 175,310 AAVE tokens opposing, resulting in an approval rate of approximately 75%. According to the voting results, Aave Labs will receive a $25 million stablecoin grant, including an immediate allocation of 5 million aEthLidoGHO tokens, and a total of 20 million aEthLidoGHO tokens in stream payments distributed over 6 and 12 months. Additionally, Aave DAO will allocate 75,000 AAVE tokens (approximately $6.8 million) from the ecosystem reserve, to be unlocked linearly over 48 months. The Aave Chan Initiative voted against with 166,200 AAVE tokens. Addresses such as ParaFi Capital (190,000 AAVE) and luggis.eth (123,580 AAVE) voted in favor. Fund execution is scheduled for Monday afternoon, at which point funds will begin flowing to the Aave Labs-controlled address.
Bitwise Files Second Amendment, Hyperliquid ETF Expected to List Soon
Odaily News: Bitwise has submitted a second amendment filing to the U.S. Securities and Exchange Commission for its spot Hyperliquid ETF. The filing adds the trading ticker BHYP and sets the management fee at 0.67%. Eric Balchunas noted that such updates to details typically signal that a product is nearing launch. Currently, Bitwise, Grayscale, and 21Shares are competing to launch the first spot Hyperliquid ETF. Bitwise
