The "Rug Pull" Memecoin RAVE has surged over 10x in the past eight days, with one address seeing over $50 million in unrealized gains
April 12th, per HTX market data, RAVE—one of the "pump-and-dump" meme coins—has jumped 56% in the past 24 hours, last trading at $2.78. It hit a high of $3.17 at one point and has surged over 10x since April 8, when it was priced at $0.26.
On-chain analyst Ai Auntie (@ai_9684xtpa) noted that a Bitget-linked multisig address (0x0A1...790d7) has withdrawn 31.93 million RAVE tokens in the past two days. The address’s asset value has soared from $37.54 million to $89.10 million—up roughly $50 million in two days. Back on April 8, those tokens were worth just $8.52 million.
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Source: Insider: Vance's departure is nothing but a show of strength, US-Iran talks will continue
April 12
U.S.-Iran negotiations will continue, with sources noting U.S. official Sullivan’s departure was merely a show of strength.
Iranian Parliament Speaker stated the Iranian delegation put forward a forward-looking proposal, but the U.S. side failed to earn the Iranian delegation’s trust in this round. The U.S. has understood Iran’s logic and principles—now it is up to the U.S. to decide whether it can gain Iran’s trust.
Earlier today, U.S.-Iran talks concluded without an agreement. Post-negotiations, Sullivan left Pakistan; the Iranian delegation will depart on April 12. Details (timing, location, plans) for the next round of talks have not been announced.
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Robinhood Limited Predictive Market Contract Due to Insider Trading Concerns
On April 12, Robinhood is taking a cautious stance as its prediction market business expands rapidly.
UK CEO Jordan Sinclair noted that amid heightened concerns over "market manipulation and insider trading," Robinhood has explicitly excluded certain prediction market contracts—most notably "referendum markets." These contracts let traders wager on the exact wording of specific speeches or briefings, which Robinhood says carries manipulation risks and isn’t in clients’ best interests. Sinclair stressed that unlike some unregulated platforms or those offering non-compliant contracts, Robinhood only offers appropriate, regulated event contracts.
Recent incidents have amplified industry worries about insider trading in prediction markets. For instance, unusually precise large wagers were placed on the Polymarket platform ahead of U.S. military action against Iran, and an individual in Israel was sued for using classified information to wager on military developments on Polymarket. T
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View: Trump Desperate to Disengage Ahead of Midterms, US and Iran May Reach Accord on Key Demands
April 12 – CITIC Securities released an analysis of U.S.-Iran negotiations, outlining key demands from both sides and low odds of extreme conflict escalation.
### U.S. Core Demands
Trump’s top priority would be Iran abandoning uranium enrichment—this would be a critical win for the U.S. and a key political asset to bolster his domestic standing. The current conflict has hurt his midterm election prospects, pushing him to wrap up early. Since the Iranian Revolution, the U.S. has lost control over Iran’s nuclear program—a unresolved challenge for past presidents that’s undermined U.S. Middle East strategy. Compared to the political messaging impact of Iran abandoning enrichment, the indirect link between oil prices and inflation is a smaller election factor. Thus, the Trump administration may compromise on issues like oversight of the Strait of Hormuz.
### Iran’s Core Demands
The conflict has underscored that blocking the Strait of Hormuz and threatening Middle East infrastruct
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X Product Owner: Aggregated Account Sharing Reduced to 60% to Combat Clickbait and Content Scraping
April 12 — X Product Lead Nikita Bier announced in a post today that all aggregator accounts will have their revenue share cut to 60% in this round of creator payouts. A further 20% reduction is scheduled for the next period.
The platform attributes the change to a distinct trend: countless accounts flood timelines daily with plagiarized content reposts and clickbait, squeezing out exposure for genuine creators and stifling growth for emerging talent.
Going forward, X plans to permanently deduct revenue from accounts that consistently use "BREAKING" and other clickbait tags to drive traffic. Notably, the company will not restrict speech or distribution scope—but it will withhold revenue compensation for accounts that manipulate distribution mechanisms or engage in user deception.
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TRU Surges Over 90% in a Single Day, Joins Ranks of 'Meme' Coins
On April 12, TRU surged over 90% in a single day, last trading at $0.0119, according to HTX market data.
Separately, Coinglass figures show total TRU contract positions across all exchanges have risen to $14.99 million—up 209% in 24 hours—indicating strong bullish momentum in derivative trading for the token.
BlockBeats notes that prices of related tokens are highly volatile, and investors should exercise caution.
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