Market Round Up: April 13, 2026

Chang.K·Apr 13, 2026·3 min read

Monday market round-up for April 13, 2026, with headlines on Trump's Hormuz blockade, Justin Sun's WLFI dispute, Bitmine's NYSE listing, and Polymarket's exchange upgrade.

A Hormuz blockade, WLFI backdoor allegations, Bitmine's NYSE debut, and Polymarket's exchange overhaul lead this week's crypto headlines.

Geopolitical tension, DeFi governance drama, and major infrastructure moves define this week's crypto headlines.

↳ Trump ordered a naval blockade of the Strait of Hormuz after U.S.-Iran peace talks collapsed, sending oil past $104 and amplifying crypto market volatility.

↳ Justin Sun accused Trump-backed WLFI of embedding a hidden backdoor to freeze investor tokens, escalating into a public legal dispute over DeFi transparency.

↳ Bitmine uplisted to the NYSE with 4.8 million $ETH in treasury, roughly 4% of total supply, and expanded its buyback program to $4 billion.

↳ Polymarket launched a full exchange overhaul with a native USDC-backed stablecoin and faster trading engine.

Weekly crypto news summary covering the Strait of Hormuz blockade, WLFI token backdoor controversy, Bitmine ETH treasury strategy, and Polymarket infrastructure overhaul

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