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Lily Liu: "Permissioned Blockchain" is Strangling the Crypto Soul, We Should Reclaim the Native Spirit of Cryptography"

3 hours ago

On November 17th, Lily Liu, the Chairperson of the Solana Foundation, made a post on social media, calling for a return of the "crypto world to the cypherpunk spirit." Lily Liu stated, "We are in the 'enterprise chain' era. In this era, those with large balance sheets and ready-made distribution channels can wrap a single sequencer with fancy marketing. At the same time, they rigidly narrate that 'decentralization is actually irrelevant' and claim that this centralization effort 'is helping Layer1 development.' However, everyone knows that this is just a logically contradictory propaganda." At the same time, truly crypto-native application chain infrastructure is being suppressed by corporate giants. Even in times of revenue distress, these projects start to self-hypnotize and believe that the only way out is to transform themselves into an 'enterprise chain.' This is by no means the vision I had when I first read the 'peer-to-peer electronic cash system' whitepaper, and I am sure this is also the common voice of the vast majority of crypto practitioners."
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Federal Reserve Vice Chair: Will Not Interfere with Cryptocurrency Adoption, Such Innovation Will Not Affect the Fed's Monetary Policy Ability

On November 17th, Federal Reserve Vice Chair Jefferson expressed that financial innovation has always been a distinctive feature of the U.S. financial system, and the emergence of digital assets is part of it. The Fed's regulation neither gives impetus to nor deters the use of cryptocurrency. This is because it is in the domain of the private sector. The Fed's role is to ensure that while the public embraces new technology, the banking sector remains stable and secure. As long as the Fed's policies are in line with the needs of businesses and households, there is no reason to think that cryptocurrency and other innovations will impact the Fed's monetary policy capabilities. (First Squawk)

23 minutes ago

Bitcoin Falls Below $94,000, Erasing Earlier Gains After US Stock Market Open

On November 17th, based on HTX market data, Bitcoin dropped below $94,000 and wiped out all its previous gains after the U.S. stock market opened. It is now trading at $93,865. Previously, Bitcoin surged by 2% within 5 minutes after the U.S. stock market opened and briefly exceeded $96,000.

23 minutes ago

Last week, perps volume on #Tron exceeded $2.59B, a week-on-week increase of 166.69%.

Last week, perps volume on #Tron exceeded $2.59B, a week-on-week increase of 166.69%.

23 minutes ago

CBOE to Launch Bitcoin and Ethereum Futures Contracts on December 15

On November 17th, as per Bloomberg, the Chicago Board Options Exchange (CBOE) is scheduled to initiate Bitcoin and Ethereum Continuous Futures contracts on December 15th.

23 minutes ago

VanEck's SOL Spot ETF, VSOL, Officially Launched

On November 17th, as per official channels, VanEck's Solana Spot ETF (with the ticker: VSOL) has been listed and begun trading.

23 minutes ago

In the past 1 hour, the entire network saw $239 million in liquidations, with a single BTC short position liquidated for $96.51 million on Hyperliquid.

On November 17th, according to Coinglass data, within the past 1 hour, a total of $239 million was liquidated across the entire network. The long liquidations amounted to $28.57 million, and the short liquidations reached $209 million. It is worth noting that on the Hyperliquid platform, the total liquidations were $186 million, with short liquidations accounting for $180 million. Monitoring data shows that at 22:36 today, a certain BTC short position on the platform was liquidated at $95,694, and the liquidation amount was $96.5116 million. (Currently, the amount of liquidation on the Hyperliquid platform is significantly higher than that on major CEXs, and it is unclear whether there are any data reporting errors.)

23 minutes ago