Lookonchain APP

App Store

ORE Surges Over 56.5% in 24 Hours, Market Cap Reaches $90 Million

2025.11.06 10:24:16

On November 6th, according to GMGN data, the price of Ore, the token of the Solana on-chain mining project Ore, surged by more than 56.5% in the past 24 hours and broke through $220. The market capitalization rose to $90 million, and the 24-hour trading volume was $11 million. The total supply cap of ORE is 21 million tokens, with 1 ORE minted per minute, allowing multiple miners to receive rewards simultaneously. In September 2024, Ore established Regolith Labs and completed a $3 million seed round financing, led by Foundation Capital, with the participation of Colosseum, Solana Ventures, B+J Studios, Dead King Society, 3KVC, and others. BlockBeats reminds users that this token may have no practical use case and its price is highly volatile, so investment should be made with caution.
Relevant content

Blackstone expects Anthropic may be assigned a junk credit rating following its IPO, as its over $800 billion AI computing power plan faces financing pressure.

According to a report by the UK’s Financial Times citing people familiar with the matter, Blackstone recently told investors in Anthropic’s $63 billion chip financing deal that the AI startup may not immediately secure an investment-grade credit rating after going public, with major rating agencies more likely to assign it a BB-range rating—speculative grade, commonly known as "junk status". Under the rating frameworks of S&P Global and Fitch, a BBB- or higher rating qualifies as investment grade, while BB+ and below fall into the speculative category. If Anthropic ultimately lands a junk-grade rating, its financing costs could climb, and the pool of capital accessible to institutions restricted to investment-grade assets—such as insurers and pension funds—would shrink. The pressure stems largely from Anthropic’s massive planned computing power spending: the company previously disclosed plans to invest over $800 billion in computing infrastructure by 2045. While Anthropic currently holds more than $112 billion in cash and cash equivalents and intends to raise additional funds via an IPO, its long-term computing commitments have left investors worried about its future capital needs and debt capacity. Following the report, U.S. tech stocks extended losses, with the Nasdaq 100 index closing down 3.5%. However, Anthropic has not yet obtained official credit ratings from S&P, Moody’s, or Fitch, so Blackstone’s assessment is not an official rating outcome.

14 minutes ago

Kintsu’s official website has been restored, but the team is still advising users not to connect their wallets for the time being.

Liquid staking protocol Kintsu, built on the Monad blockchain, announced that its official website kintsu.xyz has been restored to normal and is now pointing to the project’s official infrastructure. However, as DNS caches have not fully refreshed, some networks may still access a malicious site within the next hour. The team reminded users to avoid accessing kintsu.xyz and connecting their wallets until the project issues an official security confirmation notice. Earlier, security firm Blockaid warned that its system had detected an ongoing front-end attack linked to the StepDrainer toolset, targeting three websites: kintsu, flap, and stonkbrokers. Blockaid noted that the affected sites had been injected with malicious scripts; users who clicked "Connect Wallet" could be redirected to a malicious asset theft page. The firm advised users to temporarily avoid using the decentralized applications in question, adding that it is investigating the attack, gathering additional information, and will release further updates.

14 minutes ago

A new address withdrew approximately $6 million worth of LIT, ENA, and ARB from OKX.

According to Lookonchain monitoring, a newly created wallet address (0x1c75) withdrew 1.15 million LIT (valued at ~$3.31 million), 7.995 million ENA (~$1.51 million), and 7.31 million ARB (~$1.18 million) from OKX.

14 minutes ago

New wallet withdraws $3.31M $LIT, $1.51M $ENA, $1.18M $ARB from OKX

A newly created wallet (0x1c75) withdrew 1.15M $LIT($3.31M), 7.995M $ENA($1.51M) and 7.31M $ARB($1.18M) from #OKX.

14 minutes ago

Ansem on Short-Term Trading: Time Is Also a Crucial Metric for Risk Management

Crypto trader Ansem has published a post sharing risk management insights for short-term trading, noting that traders should not only focus on price and stop-loss levels—time is also a critical factor in judging whether a trade is valid. Ansem said that when he enters a position, he expects the market to quickly show clear volatility; if Bitcoin stays near his entry price for a long time and does not move in the expected direction, he will start re-evaluating his trading logic. Sometimes even if his stop-loss level hasn’t been triggered, he will exit early because the market has failed to move as expected. He believes one of the advantages of short-cycle trading is the ability to identify earlier whether a trading strategy is working. To decide whether a trade is worth holding, one must consider not only price movements but also the time it takes for the market to deliver on expectations.

14 minutes ago

A crypto whale closed a 25x ETH short position yesterday, earning $692,000 in profits over five days.

According to monitoring by AI Aunt, the address 0xaea…c2416 previously shorted 9,700 ETH using 25x leverage, with a position value of roughly $22.46 million and an average entry price of $2,311.92. The address opened the short position on October 27, and closed it during ETH’s rebound following a pullback at 18:33 yesterday, with an average exit price of $2,239.5, netting around $692,000 in profit over five days. While holding the position, the short once saw an unrealized profit of $1.337 million. The account’s cumulative profit has now risen to $7.57 million, partially recouping the $916,000 it lost when shorting BTC in mid-October.

14 minutes ago

Popular tokens

BitcoinEthereumHyperliquidSolanaTRONBNBTetherAaveXRPPepeFartcoinOndoJupiterUniswapBonkPendleEthenaArbitrumAvalancheLidoChainlinkPolygonDogecoinCardano