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BREAKING: $435 million has been liquidated from the cryptocurrency market in the past 12 hours.

2025.01.13 21:51:58

BREAKING: $435 million has been liquidated from the cryptocurrency market in the past 12 hours.

Relevant content

Bitcoin mining pool giant Foundry officially launches Zcash mining pool, now commanding nearly one-third of the network's hashrate

On April 13, Fortune reported that Foundry—Bitcoin mining pool giant—has officially launched a mining pool for privacy coin Zcash, a move seen as a major endorsement of the crypto. Foundry CEO Mike Colyer noted the Zcash pool launch comes as large institutions show growing interest in so-called "privacy coins." The pool has already signed on several institutional clients, with its computing power now making up nearly one-third of Zcash’s total network hashrate. Zcash currently ranks as the 15th-largest cryptocurrency by market cap, with a valuation of roughly $6.3 billion. Launched in 2016, it uses zero-knowledge proof technology to enable transaction privacy. Unlike competitor Monero, Zcash’s architecture supports selective disclosure—making it more regulatory-compliant and thus more appealing to big institutions like banks.

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Morgan Stanley: S&P 500 Index Pullback Nearing an End

April 13 — Morgan Stanley has shifted to a cautious bullish stance, saying the market has largely priced in recent risks. Strategist Michael Wilson noted the S&P 500 has rebounded roughly 7% from its lows and held above a key support level, suggesting the retracement may be nearing an end.

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Bitmine increased its ETH holdings by 71,524 coins last week, while Tom Lee reiterated his view that the current phase is the "late-stage of the bear market."

Bitmine announced today (April 13) that its combined holdings of cryptocurrency, cash, and assets tied to its “Moonshot Plan” have reached $11.8 billion as of 3:30 PM U.S. Eastern Time on April 12, 2026. The company’s holdings include: - 4,874,858 ETH - 198 BTC - A $200 million investment in Beast Industries - An $85 million investment in Eightco Holdings (NASDAQ: ORBS) - $7.19 billion in cash Bitmine’s ETH holdings represent 4.04% of Ethereum’s total circulating supply (120.7 million ETH). “The Iran War, now in its seventh week, remains the biggest driver of global markets,” said Bitmine Chairman Thomas “Tom” Lee. “Since the conflict began, ETH has surged 17.4%—outperforming the S&P 500 by 1830 basis points to become the top-performing asset. We calculate ETH has beaten gold by 2743 basis points, proving it’s a reliable value storage tool during wartime.” “Ethereum continues to ride two major tailwinds: Wall Street’s push to tokenize assets on blockchain networks

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MGBX will launch the RAVE New Customer Event from April 14th to 19th

April 13, 2026 MGBX is launching its RAVE New Customer Promotion, running April 14 through April 19, 2026 (SGT), open to all platform users. Eligible new users who complete three key steps—registration, KYC verification, and a trade—will earn RAVE token rewards. Rewards are tiered by transaction volume, with a maximum of 10 to 20 RAVE tokens per participant.

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A Trader Front-Runs a DOT Dip on-chain, Profits $150,000 from a $600 Investment

On-chain analyst Ai Auntie (@ai_9684xtpa) noted on April 13th that a trader capitalized on the 10 billion DOT exploit targeting Hyperbridge on Ethereum’s mainnet: - The trader bought the dip with 0.2 ETH to acquire 77,000 DOT, then sold the tokens on OKX for $10,042. Subsequently, using the same strategy: - They spent 1.1 ETH to purchase DOT, arbitraged across multiple liquidity pools, bridged the tokens to the Base network via Hyperbridge, and sold 503,000 DOT for 68.72 ETH. The trader netted over $150,000 in profit from an initial investment of just over $400—delivering a return of more than 200x.

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Bit Digital re-staked 29,900 ETH 1 hour ago

On April 13, data from LookOnChain indicates that Bit Digital restaked 29,900 ETH (valued at $65.3 million) one hour prior. Over the past week, the firm has staked a total of 73,234 ETH (worth $156.64 million).

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