Lookonchain APP

App Store

Eric Trump: Bitcoin is the Strongest Asset, Surpassing Traditional Assets as a Safe Haven Choice

2 hours ago

November 14th. According to Ming Pao, Eric Trump, the son of US President Trump, stated in an interview that Bitcoin has become the strongest asset of this era. In contrast to traditional hard assets like real estate, he believes Bitcoin has the upper hand. Eric Trump holds the view that Bitcoin has advantages such as 24/7 trading and low fees, which traditional hard assets cannot match. He thinks that whether it is for hedging against inflation, corruption, or the chaos of global monetary policy, Bitcoin can be a crucial option for investors seeking refuge. Donald Trump Jr. and Eric Trump, the two sons of President Trump, hold shares in the Bitcoin mining company American Bitcoin. When asked why American Bitcoin can mine at an extremely low cost, Eric Trump mentioned that the main reason is the recent decline in US energy prices. The company operates in western Texas and takes advantage of the extremely low local electricity costs to mine Bitcoin 24 hours a day, with a cost of about half of the market price. He also pointed out that mining with local energy sources within the US is the foundation of a company's global competitiveness.
Relevant content

Binance Futures will delay the listing of the PLANCKUSDT inverse perpetual contract.

On November 14th, Binance declared that the PLANCKUSDT U coin-margined perpetual contract, which was originally scheduled to be launched at 16:00 (GMT+8) on November 14, 2025, will be postponed. The new launch time will be announced separately.

7 minutes ago

Bitwise CEO: Crypto Bear Market May Have Lasted 6 Months and Is About to End

November 14th: Hunter Horsley, who is the CEO of the crypto asset management platform Bitwise, put up a post on social media and said, "We frequently discuss the four-year cycle - yet the truth is that this model is established based on the past periods of the crypto market. Since the Bitcoin ETF was launched and Trump assumed office, we have stepped into an entirely new market structure: there are new participants, new market dynamics, and new factors for people to buy and sell crypto assets." "I think it is highly probable that we have already been in a bear market for nearly 6 months, and we are approaching the end. The current configuration of the crypto market is stronger than it has ever been before."

7 minutes ago

「Previously Borrowed Coins to Short 66,000 ETH」 Whale Once Again Increases Position by 16,937 ETH

On November 14th, according to the monitoring of LookOnChain, the "Whale That Once Shorted 66,000 ETH" has once again withdrawn 16,937 ETH from Binance (with a value of $53.91 million).

7 minutes ago

Fed Chair Race Heats Up, with 'Wall Street Waterfall' Emerging as Central Theme

November 14th: The main candidate vying for the chairmanship of the Federal Reserve under US President Trump is converging towards a policy that appears to be at odds with Trump's style. While Trump desires low interest rates, the Federal Reserve chair candidates favored by him advocate restricting the central bank's core tool for attaining low rates—quantitative easing. This political paradox is evolving into a sharp contradiction in the race for the next Federal Reserve chair. Trump continues to vehemently criticize the current Federal Reserve Chair Powell, with his true intention being to be able to appoint a new central bank head next year who is more in line with his own ideology. However, in this succession race, a significant portion of the discussion is centered around an issue that seems to contradict Trump's advocacy: limiting the size of the Federal Reserve's financial asset holdings. The current key issue is how the situation will unfold in the coming months as Chairman P

7 minutes ago

Bybit will list Pieverse (PIEVERSE) spot trading

On November 14th, as per an official announcement, Bybit is going to list Pieverse (PIEVERSE) for spot trading.

7 minutes ago

Kraken CEO: Company Not in a Hurry to Go Public in the U.S.

On November 14th, as per Cointelegraph, despite the market slump, the cryptocurrency exchange Kraken is in no hurry to go public in the United States. Even though a favorable policy environment and improved market conditions have prompted other cryptocurrency companies to pursue an initial public offering (IPO). Kraken's Co-CEO, Arjun Sethi, stated in an interview on Thursday: "Our financial standing is solid, and we are well-versed in managing risks while running the company." He further added, "As a private company, we have an adequate amount of capital on our balance sheet and are not inclined to rush to the IPO gate." Regarding the recent drop in the Bitcoin price, Sethi is not concerned. In the past day, Bitcoin has declined by more than 4%, approaching $97,000, which is a drop of more than 22% from its high point in early October, which exceeded $126,000. Sethi said, "If you only focus on the overall trend of the cryptocurrency market, the curves of Bitcoin and various asset cl

7 minutes ago