Traditional Finance Drop Alert: AMAT drops over 6%

BSC Chinese meme coins surge across the board, as CZ’s tweet sparks a “Crypto Summer” craze

On April 13, Chinese meme coins across the BSC chain rose across the board, led by “Binance Life,” with a weekly gain of up to 360% and an intraday increase of over 45%. CZ’s post sparked resonance with “Crypto Summer,” energizing sentiment across the entire sector. Although market sentiment has surged in the short term, the high volatility and liquidity risks of meme coins cannot be ignored, and investors need to be cautious.

RAVE spot price surged 20x to $6.2 within three days, allegedly by farming through contract operations

Gate News message, on April 13, on-chain analyst Yu Jin’s monitoring shows that RAVE’s spot price surged from $0.3 to $6.2 this morning over the past three days, achieving an increase of about 20x. During this period, the RAVE team first transferred 30.58 million RAVE tokens (worth about 19283746565.75T) to a certain CEX to attract funds to short. Then, within nearly two days, they withdrew 31.94 million RAVE tokens from that exchange back onto the chain, and on a certain CEX and other trading platforms, significantly boosted RAVE’s spot price.

Hong Kong stocks’ “Token No.1 stock” Xuncesys surged by more than 20%, accumulating gains of over 625% year-to-date

Gate News message, April 13, according to Gate Market data, Hong Kong stock market’s “Token first stock,” Xunce(03317.HK), rose more than 20%, with a cumulative gain of over 625% year to date.

Bittensor founder accuses former brother of betrayal; TAO’s sudden plunge sparks 9.1 million liquidations

Bittensor co-founder Jacob Steeves accuses Covenant AI’s Simon Dare of intentionally causing damage to the agreement, leading to a sharp drop in TAO tokens. Steeves proposes a locked-staking mechanism that uses on-chain code to enforce commitments and prevent founders from making sudden, surprise exits. Even as the crisis unfolds, Bittensor’s open-source architecture can still ensure the agreement continues to operate, and it is set to hold a meeting to introduce the new mechanism.

TRADOOR (Tradoor) surges 59.84% in 24 hours

Gate News message. On April 13, according to Gate Market data, as of the time of writing, TRADOOR (Tradoor) is trading at $5.37. In the past 24 hours, it is up 59.84%, hitting a high of $6.34 and falling to a low of $2.75. The trading volume over the last 24 hours reached $5.5746 million. The current market cap is approximately $77.0871 million. Tradoor is the fastest and simplest way to trade Options and Perps (perpetual contracts) on the web, on mobile, and on Telegram. You can start with less capital, enjoy private, one-click trading, with no hidden fees. Important recent updates on TRADOOR: 1️⃣ **Robinhood spot listing boosts liquidity** TRADO

The U.S. will blockade the Strait of Hormuz, gold falls, and Bitcoin drops back to 70K

The U.S. announces a blockade of the Strait of Hormuz to respond to the collapse of U.S.-Iran peace talks, triggering a sharp surge in oil prices. Oil prices rebound to above $100, and U.S. stock index futures fall. Gold and cryptocurrencies also slip; Bitcoin falls back to above 70K, and the total market value drops to $2.41 trillion.