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Trump's Son Establishes "Executive Branch" Private Club in April, with Membership Fee of Up to $500,000

3 hours ago

October 29th. As per CNBC, Donald Trump Jr, the son of former President Donald Trump, established a private club named "Executive Branch" in Washington D.C. in April of this year. The membership fee reaches as high as $500,000, and the founding members comprise White House crypto advisor David Sacks, crypto exchange Gemini co-founders the Winklevoss brothers, and tech investor Chamath Palihapitiya. The club only accepts founder recommendations and conducts rigorous screening of membership applications. "Executive Branch" was co-founded by Donald Trump Jr and executives from 1789 Capital, an investment firm to which Donald Trump Jr. joined as a partner last year. Sources disclosed that in addition to the $500,000 membership fee, the club will also impose an annual fee, with the specific amount remaining undisclosed. The role that "Executive Branch" plays in the Washington social and political circles may be analogous to the Trump International Hotel in Washington D.C. during the first Trump administration. The Trump hotel served as a popular gathering place for government officials, Republican congressional leaders, foreign dignitaries, lobbyists, and business leaders. Potential members of this club must undergo strict review and approval by the founders. Although some potential members are willing to pay $1 million to become members, membership still requires recommendations and strict screening.
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The new address recently accumulated over 168,700 LINK tokens at an average price of $18.27.

On October 29th, as monitored by OnchainDataNerd, one hour ago, a newly established wallet address 0x617 withdrew 30,620 LINK from Binance (approximately $550,000). During the past 3 days, this whale has amassed a total of 168,760 LINK (approximately $3.08 million), with an average purchase price of around $18.27.

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「AI Trading Competition」: DeepSeek Faces Nearly 40% Profit Drawdown Due to Multiple Models' Losses from Unsettled BTC and ETH Long Positions

On October 29th, according to the on-chain AI analysis tool CoinBob (@CoinbobAI_bot), the monitoring data indicates that in the early morning of today, the market witnessed another pullback. The AI models holding a substantial amount of long positions in BTC and ETH saw a decline in profitability, with only 2 models currently remaining in the black. Among them, the profitability of DeepSeek briefly dropped from 120% to 81%, with a loss of approximately $3600. Qwen3 experienced a slight decline in profitability and ranked second with a 53% return. Specifically, DeepSeek took a long position on the entire portfolio. During the pullback last night, the long positions for BNB, ETH, and SOL were liquidated for stop-loss at 4:00 a.m. today and then re-opened. Currently, the most significant profit comes from the long position in BTC, with a floating profit of about 33%. Qwen3 went long on BTC at a price of $114,300 yesterday and incurred a loss of $1661. The current ranking based on the to

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If Bitcoin drops below $110,000, the mainstream CEX's total long liquidation volume will reach $1.218 billion.

On October 29th, based on Coinglass data, if Bitcoin drops below $110,000, the cumulative long liquidation intensity on major CEXs will reach $1.218 billion. Conversely, if Bitcoin surges above $114,000, the cumulative short liquidation intensity on major CEXs will reach $725 million. BlockBeats Notes: The liquidation chart does not display the exact number of contracts to be liquidated or the precise value of the liquidated contracts. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to adjacent liquidation clusters, that is, intensity. Therefore, the liquidation chart shows the extent to which the price of the underlying asset will be influenced when it reaches a certain level. A higher "liquidation bar" indicates that when the price reaches that level, a more intense reaction will occur due to a liquidity cascade.

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After a brief surge of over 30%, FLM retraced, with a market cap currently standing at $11 million.

On October 29th, possibly due to the news that "Binance will delist FLM on November 12, 2025," FLM briefly surged by more than 30% and then retraced. Currently, the market capitalization is $11 million.

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During the Trump administration, USDC's growth rate exceeded that of USDT.

On October 29th, according to Protos News, during the Trump administration, the U.S. stablecoin market witnessed significant expansion with policy support. The two major mainstream stablecoins - USDC issued by Circle and USDT issued by Tether - both saw their market capitalizations increase. USDC's growth rate significantly outpaced that of USDT. Looking at the specific data, their growth demonstrated the characteristic of "USDT leading in terms of absolute value, while USDC having an advantage in relative growth rate." As the market leader, USDT's market capitalization grew from approximately $138 billion to $183 billion, showing a more prominent absolute increase. On the other hand, USDC rose from around $48 billion to $76 billion, achieving a relative growth of about 59% during Trump's second term, far exceeding USDT's 32.5% growth rate.

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Binance will delist FLM, KDA, PERP on November 12th.

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