Korean Central Bank: The virtual asset industry needs to introduce a mechanism similar to a "circuit breaker"
**Bank of Korea Calls for Circuit Breaker-Style Mechanism to Prevent Repeat of Bithumb’s Massive Crypto Error**
Per Newsis on April 13, the Bank of Korea (BOK) has proposed a circuit breaker-like system for the virtual asset industry to avoid a recurrence of the "Bithumb Mistake Incident"—a massive bitcoin transfer error involving hundreds of trillions of Korean won.
In its annual payment settlement report released the same day, the central bank reviewed a February incident: During a bonus distribution event, Bithumb mistakenly used bitcoin instead of Korean won as the distribution unit due to an employee’s operational error. The exchange intended to distribute bitcoin worth roughly 620,000 won but instead sent 620,000 bitcoins—equivalent to approximately 600 trillion won.
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Two Oil Giants engaged in a Long/Short Bet at the same price level, with a settlement range differing by only $2
April 13th — Per HyperInsight monitoring data, WTI crude oil futures climbed above $100 per barrel today, posting an intraday gain of nearly 7.7%. Meanwhile, the WTIOIL contract on Hyperliquid saw a smaller rise: it’s currently trading at $98.3, with a 24-hour gain of 4.3%.
During the market surge, two crude oil whales on the platform opened WTIOIL positions simultaneously with 20x leverage — each position exceeds $1.5 million, and their entry prices are near $98 but in opposite directions.
- **Long Position**: Liquidation price = $95.1; Average entry price = $97.7
- **Short Position**: Liquidation price = $100.4; Average entry price = $98.3
The gap between liquidation price and entry price is roughly $2.5 for both positions.
Long Position Address: 0xb322c1b811eaf8b3840133a2fc936f4c7185d51f
Short Position Address: 0x0e09b56ef137f417e424f1265425e93bfff77e17
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Binance: Users with at least 230 Alpha Points Can Claim an Airdrop of 240 GENIUS Tokens
April 13th — Official sources confirm Binance Alpha will be the first platform to list Genius Foundation’s token (GENIUS).
Trading for the initial Alpha launch kicks off at 19:00 UTC+8 on April 13, 2026.
A first-come, first-served airdrop of 240 GENIUS tokens is available to users holding at least 230 Binance Alpha Points. If the reward pool isn’t fully claimed, the points threshold will drop by 5 every 5 minutes.
Claiming the airdrop costs 15 Binance Alpha Points. Users must confirm their claim on the Alpha event page within 24 hours — or they’ll forfeit eligibility.
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A Whale Whale is Suspected of Dumping ETH, Expecting to Make $1.647 Million in Profit After Holding for One Month
On April 13, on-chain analyst Ai Auntie (@ai_9684xtpa) reported that a crypto whale withdrew 7,100 ETH from Binance on February 20 at an average price of $1,954 (totaling roughly $13.87 million). Two hours ago, the whale transferred 7,050 ETH to a centralized exchange (CEX), with the potential to lock in a $1.647 million profit if sold.
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Circle Signs Comprehensive Memorandum of Understanding with Upbit's Parent Company Dunamu to Expand Collaboration
April 13 — According to News1, Circle, the issuer of stablecoin USDC, has partnered with Dunamu (operator of South Korea’s largest virtual asset exchange Upbit) to collaborate on stablecoins and other digital assets.
Dunamu confirmed it has signed a comprehensive Memorandum of Understanding (MOU) with Circle and is discussing digital asset collaboration plans — including stablecoin initiatives and joint educational project promotion. The goal is to boost market participants’ information access, thereby strengthening trust in South Korea’s digital asset ecosystem.
Notably, Dunamu intends to work with Circle (which has consistently complied with U.S. regulations and expanded its business steadily) to push South Korea’s digital asset market toward “healthy innovation.”
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RAVE Surpasses $10, Becomes Top Liquidation in Nearly 12 Hours
On April 13th, per HTX data, RAVE surged above $10 with a 24-hour jump of 241.35%. The total value locked in RAVE contracts across the network was liquidated to $17.67 million over 12 hours, leading the network in such metrics.
Previously, per EmberCN monitoring, a RAVE whale manipulated the spot price before using derivatives contracts to lock in gains. Recently, the whale has used on-chain activity to mislead users:
- Over the past three days, it transferred 30.58 million RAVE (valued at $42 million) to Bitget to lure short positions.
- Over the past two days, it withdrew 31.94 million RAVE from Bitget back to on-chain wallets while orchestrating a sharp surge in RAVE’s spot price on platforms like Bitget.
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