Pixxo 3D shows how to simulate ice cubes splashing into a glass using Blender dynamics.

Pixxo 3D Juandre (Jay) Labuschagne shows the entire process for creating a scene where ice cubes splash liquid in a glass using Blender and the dynamics engine.

The tutorial covers modeling and tips, creating rigid and fluid simulations in Blender, and rendering the scene.

Check out this liquid simulation tutorial using MantaFlow, from the Blender Made Easy channel to create a direct fluid simulation and apply bright colors to each particle. The colorful fluid simulation relies on a simple material to handle the effect.