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Daily Brief

What Happened Today — Tuesday, October 13, 2026

Crypto selloff, oil dip, regulatory crackdown and high funding rates dominate markets

Just In

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Ledger Confirms Hardware Wallet Implant In Crypto LossesLedger confirmed a hardware wallet implant incident with reported crypto losses exceeding $80 million, according to BitKE.

Altcoins

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Injective Drops 3.05% Amid Broader Crypto SelloffInjective (INJ) recorded a 3.05% 1-hour drop as part of a wider crypto market selloff, according to CoinMarketCap.VeChain Drops 3.9% Amid Broad Crypto SelloffVeChain fell 3.9% in a broad crypto market selloff without a specific project catalyst.XRP Rises 2.17% to $1.35 Amid Short-Term ReboundXRP gained 2.17% to reach $1.35 as part of a short-term market rebound, according to Pluang.

Markets

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Sei Drops 3.3% Amid Broader Crypto Risk-Off SentimentSei fell 3.3% as the broader crypto market faced risk-off conditions and bitcoin liquidations.

Commodities

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Crude Oil Falls to $105 Amid Supply and Middle East AssessmentsCrude oil declined to $105 per barrel as traders evaluated Russian supply developments and Middle East attacks.Gold Struggles Below $4,200 Ahead of US Inflation DataGold prices trade under $4,200 as markets await upcoming CPI and PPI data releases to determine the next major market move.Oil Dips as Russian Diesel Outlook Offsets Gulf Supply RisksCrude oil prices declined as potential Russian diesel supplies helped balance concerns over Middle East disruption risks, according to Business Standard.Gold Eases On Firm Dollar As Markets Await US Inflation DataGold prices eased as the US dollar strengthened, with market participants awaiting upcoming US inflation data.Brent Crude Nears $106 as Middle East Tensions EscalateBrent crude oil prices traded near $106 per barrel amid escalating geopolitical tensions in the Middle East, according to NDTV Profit.Oil Prices Spike Following Houthi Attacks on Saudi AirportsCrude oil prices spiked after Houthi attacks targeted Saudi airports, according to a report by The Hill.Hertha Metals Breaks Ground on $100M US PlantHertha Metals has broken ground on its first commercial plant in Conroe, Texas, to produce magnet-grade and steel-grade high-purity iron.

Derivatives & Liquidations

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OKX Liquidates $2.38M Bitcoin Short Position At $82,580According to Pluang, OKX executed a single liquidation event wiping out a $2.38 million Bitcoin short at the $82,580 price level.Bulls Absorb 89% of $774 Million LiquidationsAccording to BeInCrypto, bulls absorbed 89% of $774 million in total crypto liquidations as market leverage unwound.Bitcoin Funding Rate Reaches 9.2% AnnualizedAccording to Pluang, the Bitcoin funding rate has reached 9.2% on an annualized basis.

Regulation

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El Reno Bitcoin Mine Tied to Second OKC SiteAn El Reno Bitcoin mining operation has been linked to a second site in Oklahoma City through a complex network of corporate entities reaching China.South Korea Blocks 27 Unregistered Crypto WebsitesSouth Korean authorities approved measures to block domestic access to 27 unregistered crypto websites, including KuCoin and MEXC.

Ethereum

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Bitmine Nears 5% Ethereum Supply Cap After PurchaseBitmine approaches a 5% Ethereum supply cap following a $32 million weekly purchase, according to BigGo Finance.

ETFs & Institutions

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U.S. Spot Solana ETFs Register $0.7M OutflowsU.S. spot Solana exchange-traded funds recorded $0.7 million in outflows according to data reported by Pluang.Bitcoin Slips on Heavy ETF OutflowsBitcoin prices retreated following heavy outflows from exchange-traded funds, according to market data reported by Moomoo.

Exchange Listings

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Bitget Suspends NEAR Protocol Network WithdrawalsBitget has announced the temporary suspension of NEAR Protocol network withdrawals due to scheduled wallet maintenance.Bitget Suspends DYDX Network Deposits and WithdrawalsCrypto exchange Bitget has suspended deposit and withdrawal services for the DYDX network due to wallet maintenance.

Stocks

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Evernorth Hits Nasdaq Under XRPN After SPAC MergerRipple-backed digital asset treasury Evernorth begins trading on Nasdaq under ticker XRPN after closing its merger with Armada Acquisition Corp. II.

Solana

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Solana Slides to $104 Following 4.58% DeclineSolana declined 2.64% on October 13, according to TradingKey, prompting traders to examine current risk factors affecting the asset.

Stablecoins

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Global Watchdog Warns Stablecoins Face Bank Run RisksA global regulatory watchdog warns that the $300 billion stablecoin market remains vulnerable to bank runs despite maintaining full reserves.RLUSD Expands Deeper Into Institutional FinanceSantiment reports that the RLUSD stablecoin is expanding further into institutional finance.