Lookonchain APP

App Store

Pro-Crypto Democratic Lawmaker Menefee Defeats Anti-Crypto Lawmaker Al Green, PAC Provides Millions in Support

1 hours ago

May 27 – Pro-cryptocurrency Democratic candidate Christian Menefee has defeated 20-year incumbent Al Green in the Democratic primary runoff for Texas’ 18th U.S. House District, flipping a seat long controlled by Green, a vocal critic of the crypto sector. Crypto industry-backed Super PAC Fairshake’s affiliate Protect Progress poured millions of dollars into the race to support Menefee and oppose Green. A Fairshake spokesperson framed Green’s loss as a clear signal that anti-crypto stances carry real political consequences. Public records outline the candidates’ divergent views: Menefee backs blockchain technology, arguing it has the potential to boost transparency and efficiency in finance and supply chains. He holds an “A” rating from crypto advocacy group Stand With Crypto. By contrast, Green has previously opposed the GENIUS Stablecoin Act and Clarity Act, and warned cryptocurrencies could erode the U.S. dollar’s global standing, earning an “F” rating from Stand With Crypto. Data shows Fairshake and its affiliated organizations raised over $395 million across the 2024 and 2026 election cycles, with major funding coming from leading crypto players including Coinbase, Ripple, and Andreessen Horowitz.
Relevant content

Sandi's May average target price has risen to $2,125, representing a 33.7% upside from the current price.

**Date: May 27** **SanDisk Technology Secures Bullish Analyst Upgrades in May** Per a recent analyst research note, SanDisk Technology has earned bullish ratings and upward price target revisions from several top investment banks during May. Key adjustments include a $2,350 target from Melius, a $2,025 target from Citi, and a $2,000 target from Susquehanna. Collectively, these May updates push SanDisk’s average share price target to $2,125. Against SanDisk’s current trading price of $1,589.55, this average target implies a 33.7% upside—reflecting strong market confidence in the company’s long-term outlook. Broader analyst data shows 18 research reports covering SanDisk have set a price target range of $1,000 to $2,350, with a median target of $1,400. The $2,125 May-upgraded average target notably exceeds this median level. The bullish revisions are driven by widespread industry optimism about the storage sector’s growth cycle, fueled by surging demand for high-end stor

13 minutes ago

A certain whale has increased their holdings by 873.29 BTC, worth approximately $66.24 million.

On May 27, according to monitoring by OnchainLens, a large crypto whale withdrew 873.29 BTC from the OKX exchange, valued at approximately $66.24 million. The wallet in question now holds a total of 881 BTC, with a current worth of roughly $66.73 million.

13 minutes ago

Economist: Nominating Powell is a "Malicious Suppression" of Gold and Silver, Hawkish Rate Hike Cycle Difficult to Implement

May 27 — Mark Thornton, a senior researcher at the Ludwig von Mises Institute, warns the U.S. market is trading at historically elevated valuations, fueled by prolonged low interest rates and monetary expansion that has further widened wealth inequality. Thornton notes both the Buffett Indicator and Cyclically Adjusted Price-to-Earnings (CAPE) Ratio are at extreme levels, with the CAPE only reaching comparable highs once in the past 150 years. He argues credit-driven growth has overwhelmingly benefited large financial institutions and asset owners, while ordinary consumers grapple with rising inflationary pressure. Turning to the Federal Reserve Chair nomination, Thornton criticized the pick of Kevin Warsh, linking the sharp drop in gold and silver prices to what he calls the "greatest malicious manipulation" of the precious metals market, and implying major banks had advance knowledge of the news. Additionally, Thornton points out U.S. national debt has topped 120% of GDP, a level

13 minutes ago

Polymarket's trading activity saw a brief decline after the v2 upgrade, with both the number of trades and the trading volume experiencing a significant drop.

May 27 Update: Polymarket officially launched its upgraded CLOB v2 trading platform on April 28. However, data from Dune Analytics shows the platform saw a significant drop in both transaction count (Txn) and trading volume on the day of the upgrade. Daily executed orders have plummeted rapidly from their recent peak, and monthly trading volume has declined sharply after hitting a high in early 2026. That said, active wallet metrics indicate overall user activity on Polymarket remains at a solid, high level. Market participants attribute this recent dip to the system upgrade, related API transitions, and short-term liquidity adjustments. Meanwhile, rival betting exchange Kalshi has maintained steady growth over the same period. Its trading volume has stabilized and is trending upward, while transaction counts have been climbing consistently. Driven by U.S. political events, macroeconomic developments, and sports betting-related activity, Kalshi’s trading volume and user base have con

13 minutes ago

JPMorgan Chase Upgrades HashKey (3887.HK) Rating to "Neutral"

May 27 – International investment bank J.P. Morgan released a new research report this week, upgrading the stock rating of licensed digital asset financial service provider HashKey (Ticker: 3887.HK) from “Neutral” to “Overweight” while maintaining its target price of HK$5.00. After attending the recent J.P. Morgan China Summit and meeting HashKey’s management team, the bank said it now has a clearer view of the firm’s near-term business performance and mid-term profit roadmap. J.P. Morgan noted HashKey’s growth is more resilient than expected, and long-term structural tailwinds in the digital asset industry continue to support the company’s outlook. The report added that despite the recent slump in overall virtual asset trading activity, HashKey’s year-to-date (YTD) trading volume has risen year-over-year, fueled by its aggressive expansion in the Hong Kong market. On the financial front, J.P. Morgan projects HashKey’s gross margin will expand by roughly 10 percentage points in fisca

13 minutes ago

Micron Technology Stock Price Receives Positive Outlook from Several Investment Banks, with the Latest Average Target Price Raised to $1,008

May 27 – According to a public analyst report, Micron Technology’s stock price received target price hikes from several international investment banks in May. Institutions including UBS and Melius set a $1,100 price target, while Bank of America and Deutsche Bank offered targets ranging from $950 to $1,000. The average May target price stood at $1,008 per share. This round of upward adjustments represents a sharp increase from analysts’ price targets in early April (which fell between $400 and $700), reflecting sustained market enthusiasm for AI storage demand and HBM (high-bandwidth memory) business growth expectations.

13 minutes ago