Analysis: Wild Altcoin RAVE Sees ‘Whale’ Manipulate Spot Price with Contract Reaping, Surges Over 20x in 5 Days
On April 13th, per HTX market data, up-and-coming meme coin RAVE surged past $6.48—posting a 20x+ gain over the past five days. It has since retraced to $5.7, with a 24-hour jump of over 170%.
According to EmberCN monitoring, a RAVE "whale" manipulated the spot price before using derivatives contracts to cash in on gains. Recently, the whale has deployed on-chain moves to mislead users: Over the past three days, it transferred 30.58 million RAVE (worth $42 million) to Bitget, drawing in short positions. Then, in the last two days, it withdrew 31.94 million RAVE from Bitget to on-chain addresses while aggressively pumping RAVE’s spot price on platforms like Bitget.
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WLFI Official Response to Justin Sun Incident: His statements are not factual, legal action will be taken
April 13 — WLFI Team Responds to Justin Sun’s Allegations
In response to Justin Sun’s earlier post accusing WLFI of deploying a backdoor to arbitrarily freeze token holders’ assets, the WLFI team issued the following statement:
- There is evidence proving Justin Sun’s claims are false; his statements constitute a public smear and rumor.
- WLFI will take legal action against Justin Sun and present the official holding contract and supporting evidence in court.
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HKEX Stocks: Several OpenClaw Concept Stocks Strong Against the Trend, Runsen Technology Surges Over 7%
On April 13, per market data from Bitget, some Hong Kong-related concept stocks outperformed the broader market. Xunce jumped over 7%, Zhipu rose 3.63%, and MINIMAX-W gained 1%.
Xunce announced yesterday it has officially signed a strategic cooperation agreement with the Shenzhen Data Exchange. The two sides will collaborate on three key areas:
- Jointly expanding data element and artificial intelligence (AI) innovation businesses, advancing enterprise digital transformation and market expansion;
- Co-building a data assetization and data asset onboarding service system to promote data assetization and compliance-focused operations;
- Developing a physical intelligence data standard system (including high-quality datasets for AI training and inference across scenarios like intelligent robots, autonomous driving, and smart terminals) to boost the physical intelligence data industry.
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An address opened a $14.75 million USD ETH short position, with a liquidation price only $9.3 away from the entry price.
On April 13th, on-chain analyst Ai Auntie (@ai_9684xtpa) reported that a specific address opened a 25x short position on 6,700 ETH (valued at $14.75 million). The entry price was $2,209.4, with a liquidation price of $2,218.7 — a slim $9.3 gap between the two.
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"Binance Life" Market Cap Reaches $200 Million This Morning, 24-hour Increase of 35%
April 13th — Per GMGN Market Data, the meme coin "Binance Life" extended gains this morning, briefly topping $200 million in market capitalization before dipping slightly to roughly $190 million. The token has surged 35% over the past 24 hours and is currently trading at $0.187.
BlockBeats Note: Meme coins are extremely volatile, driven largely by market sentiment and hype. They lack tangible value or practical use cases, so investors should be mindful of the associated risks.
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FBI: US Cryptocurrency-Related Fraud Losses Reached $11.366 Billion in 2025, with Investment Fraud as the Primary Driver
On April 13, 2025, the U.S. Federal Bureau of Investigation (FBI) released its 2025 U.S. Internet Crime Report.
The report noted that crypto-related fraud losses hit a record $11.366 billion in 2025, a 22% jump from 2024.
Of the 181,565 complaints filed, adults aged 60 and older reported $4.4 billion in losses—nearly 40% of the total.
Crypto investment fraud continued to be the leading cause of losses, totaling $7.2 billion.
Losses from crypto ATM and self-service terminal fraud reached $389 million, a 58% year-over-year increase.
Additionally, there were 22,364 AI-related complaints, resulting in $893 million in losses—roughly $658.7 million of which involved cryptocurrency.
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