A Certain Crude Oil Top Holder Shifts to Storage Sector, Two-Week Unrealized Gain Reaches $1.15 Million

April 13 — Foreign media reports: U.S. President Trump’s proposed White House banquet hall construction project may proceed for at least another week, following a temporary ruling last Saturday from the U.S. Court of Appeals for the District of Columbia Circuit. The appellate panel’s 2-1 decision paused enforcement of U.S. District Judge Richard Leon’s earlier order halting the project. Leon, a George W. Bush appointee, had ruled in March the project could not move forward because the U.S. government lacked congressional authorization.

On April 13, Binance announced that the Genius Foundation (GENIUS) Alpha airdrop has been delayed. Please stay tuned for further official updates. Earlier reports noted that Binance had said users holding at least 230 Alpha points would be eligible to claim 240 GENIUS tokens in the airdrop.

On April 13, Circle CEO Jeremy Allaire told reporters at a Seoul press conference that the stablecoin issuer will not freeze USDC wallets unless tied to legal processes—addressing ongoing community backlash over whether it should freeze funds amid hacking and exploit incidents. The controversy flared earlier this month when decentralized finance (DeFi) protocol Drift lost ~$280 million in an attack linked to a six-month, complex social engineering campaign possibly tied to a North Korea-aligned hacking group. Prominent on-chain analyst ZachXBT and others publicly criticized Circle for allegedly failing to freeze ~$230 million in USDC that was reportedly transferred from Solana to Ethereum via Circle’s cross-chain transfer tool.

On April 13, UBS Group said it has hiked its Brent crude oil price forecasts: $100 per barrel by the end of June, $95 by end-September, $90 by end-December, and $85 per barrel for end-March 2027.

On April 13 local time, Iran submitted a legal document to the Legal Committee of the International Maritime Organization (IMO) at its meeting, outlining its stance based on the outcomes of the IMO Council’s previous special session, CCTV News reported Wednesday. Iran denied claims that it is “blocking the Strait of Hormuz,” noting the root cause of the current deterioration in Persian Gulf maritime security is external military actions. It also emphasized any proposed “secure maritime passage” arrangement must have Iran’s consent. On the Strait of Hormuz transit issue of international concern, Iran clarified in the document the strait remains open to international navigation, but associated risks have risen sharply amid the worsening security environment. Regarding proposals from some countries to establish a “secure maritime passage,” Iran stressed that as a coastal state of the Strait of Hormuz, it lawfully holds the right to ensure navigation safety and management in relev

April 13 — South Korean cryptocurrency exchange Coinone faces partial operational suspension and a fine for violating anti-money laundering (AML) obligations, per Korean outlet Edaily. The Korea Financial Intelligence Unit (FIU) found multiple core violations of the Specific Financial Information Act (Special Act) during an on-site AML inspection, prompting the sanctions. Given the violations’ scale and nature, the FIU ordered a 3-month partial suspension (April 29–July 28) and a 5.2 billion won fine. During the suspension, only new users will be barred from external crypto asset transfers (deposits/withdrawals); existing users can trade normally. Coinone said it will remedy the shortcomings and is weighing whether to file a lawsuit. Market focus is on whether this will lead to legal action against regulators—similar to moves by fellow Korean exchanges Dunamu and Bithumb.