Lookonchain APP

App Store

Donald Trump boldly claimed that the U.S. GDP growth rate could hit 20% and demanded the Federal Reserve to cut interest rates.

43 minutes ago

US President Trump stated that the US GDP growth rate could reach 14%, 15%, 16% or even 20%. Even with such rapid economic expansion, this should not be a reason for the Federal Reserve to raise interest rates. He claimed that "success in growth will not trigger inflation" and demanded that the US have "the lowest interest rates in the world". The US July PCE price index rose 3.7% year-on-year, still above the Fed's 2% inflation target. Markets widely expect the FOMC to raise interest rates in September. Data from the US Bureau of Economic Analysis shows that since 1947, the US real GDP annualized quarterly growth rate has hit or exceeded 20% only once: the 34.9% rebound in the third quarter of 2020 after the end of pandemic lockdowns. The US real GDP annualized growth rate in the second quarter of 2026 stood at 1.5%, down from 2.1% in the first quarter. Trump also said he has great respect for Fed Chair Walsh, believing that he "will do what needs to be done" on interest rate matters. Walsh recently noted that if inflation cannot be confirmed to be falling back toward the 2% target, the Fed "will have work to do". (Jinshi)

Relevant content

Strategy maintains STRC's September dividend yield at 12.00%

Strategy announced in a statement that the dividend yield of STRC will remain at 12.00% in September 2026, unchanged from its previous level.

1 minutes ago

CZ responds to taking on the $4.3 billion fine: "I took the hit for the industry, it was worth it"

Binance founder CZ recently attended Bitcoin Asia 2026 in Hong Kong and gave an exclusive interview. He revealed that most of the first draft of his 374-page autobiography *Binance Life* was completed in prison, where he was only allowed to use a computer for 15 minutes at a time, with no copy-paste function, forcing him to queue multiple times to write in fragmented time. CZ said the most tormenting part of his detention was not the writing conditions, but the persistent "uncertainty". The fine amount changed from $800 million to $4.3 billion, and his sentence shifted from the originally expected home confinement to 4 months in prison; during his detention, U.S. Immigration and Customs Enforcement (ICE) issued detention orders three times, with the last one coming when only 14 days of his sentence remained. Regarding Binance paying a $4.3 billion fine in 2023, his personal payment of a $150 million fine, and his resignation as CEO, CZ said this move at least took on a major incident for the entire industry. He argued that against the backdrop of the FTX collapse and Bitcoin dropping to $16,000, if Binance had not taken responsibility, the exchange and the entire industry could have suffered severe impacts, so "bearing it was a cost-effective move for the whole industry", adding that he believed it was worth it. CZ also stated that his prison experience strengthened his belief in "financial freedom", but also made him realize that real-world freedom is very fragile. He believes there is no such thing as 100% freedom, that society still needs constraints, and the key is to maximize freedom as much as possible without compromising safety and the rights and interests of others.

1 minutes ago

Crypto prediction market platform Polymarket is planning to raise $1 billion in a funding round, with 1789 Capital leading a $300 million investment, putting its post-money valuation at $21 billion.

According to Bloomberg, people familiar with the matter have revealed that prediction market platform Polymarket is planning to close a $1 billion funding round, which would give the company a post-money valuation of $21 billion. The round is led by venture capital firm 1789 Capital, where Donald Trump Jr. serves as a partner; the firm plans to contribute roughly $300 million. A Polymarket spokesperson declined to comment. Polymarket was valued at $15 billion during its April funding round, when D.E. Shaw and G Squared joined as new investors. Intercontinental Exchange (ICE), parent company of the New York Stock Exchange, also completed a $1.6 billion investment in Polymarket earlier this year. The new capital will be used to attract more institutional users, and Polymarket is currently seeking regulatory approval to offer margin trading in the U.S. The prediction market industry remains embroiled in regulatory disputes: U.S. states assert their regulatory authority over the sector, while platforms argue oversight should fall to federal derivatives regulators. A U.S. federal appeals court last week issued a ruling favoring state-level regulation. Donald Trump Jr., a partner at 1789 Capital, also currently serves as an advisor to both Polymarket and Kalshi.

1 minutes ago

a16z expands its Growth Fund to $8.5 billion, and closed a new $1.1 billion AI hardware fund just days ago.

According to a TechCrunch report, venture capital firm Andreessen Horowitz (a16z) has expanded its fifth growth fund from the $6.75 billion it launched in January this year to $8.5 billion, adding $1.75 billion in new capital. The fund primarily invests in growth-stage startups scaling products, entering new markets, and expanding their businesses. This fund expansion comes just days after a16z announced it had raised $1.1 billion for its "Machine Age Fund," which focuses on AI hardware, including infrastructure startups in chips, storage, networking, and data storage. David George, head of a16z’s growth investment team, noted that the firm’s growth funds have invested in over 100 companies over the past seven years. As AI companies enter growth stages faster, their financing needs and valuations are rising. Currently, a16z is focusing on sectors including enterprise and consumer AI, defense tech, robotics, software and hardware infrastructure, and health tech.

1 minutes ago

BitMine adds another 51,000 ETH to its holdings, valued at approximately $126 million.

According to monitoring by Lookonchain, BitMine (BMNR), the Ethereum treasury company under Tom Lee, appears to have purchased 51,000 ETH from FalconX and BitGo again two hours ago, valued at approximately $126 million.

1 minutes ago

US SEC steps up scrutiny of SPV investments in private companies, requires proof of asset authenticity.

According to The Wall Street Journal, the U.S. Securities and Exchange Commission (SEC) has ramped up its scrutiny of companies behind so-called special purpose vehicles (SPVs). People familiar with the matter say SEC examiners have been demanding registered investment advisors provide evidence proving their SPVs actually own or hold stakes in the private companies they claim. Some sources noted that such funds have stepped up marketing efforts ahead of the highly anticipated initial public offerings (IPOs) of SpaceX and the planned listing of Anthropic, alongside a rise in investor complaints, prompting regulators to intensify their oversight. One source added that the SEC’s current reviews typically include document requests, with some also involving in-person interviews. The review process can last from several weeks to a year.

1 minutes ago

Popular tokens

BitcoinEthereumHyperliquidSolanaTRONBNBTetherAaveXRPPepeFartcoinOndoJupiterUniswapBonkPendleEthenaArbitrumAvalancheLidoChainlinkPolygonDogecoinCardano