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IoTeX was invited to attend the Washington Policy Summit, engaging in a high-level discussion with SEC Chairman Paul Atkins.

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On December 10, the IoTeX team was invited to the Washington Policy Summit in its role as Chair of the Blockchain Association’s DePIN Working Group. The team held in-depth discussions with several high-profile policymakers, including U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins, Senator Bill Harley, and Congresswoman Haley Stevens. The summit centered on key topics: cryptocurrency market structure, stablecoins, and Real World Assets (RWA). IoTeX co-founder Jing, during a discussion with SEC Chair Atkins, emphasized that machine networks and artificial intelligence (AI) are laying the groundwork for a new economy. On-chain tokenization of DePIN (Decentralized Physical Infrastructure Networks) and RWA will not only expand U.S. capital access and address energy challenges amid the AI revolution, but also empower everyday Americans to engage in the new economy—further driving widespread stablecoin adoption. Regarding cryptocurrency regulation, SEC Chair Atkins issued a positive signal: the vast majority of tokens—including those on DePIN networks and digital tools—will not be classified as securities, and initial coin offering (ICO) fundraising is expected to resume in the U.S. Atkins also noted the SEC will advance token classification frameworks and innovation exemption mechanisms next year to establish a clearer regulatory path. As global regulatory frameworks take shape at an accelerated pace, IoTeX is actively participating in high-level government dialogues. Its goal is to advance a compliance framework rooted in technological innovation, while supporting the U.S. in retaining its leading role in advancing digital currencies, decentralized infrastructure, and AI.
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WET briefly surged above $0.25, marking a price increase of over 255% from the public sale price.

On December 10, HTX market data shows HumidiFi’s WET token briefly surged above $0.25. It’s currently trading at $0.245, marking a over 255% jump from its public sale price of $0.069.

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Hundreds of addresses associated with the "Silk Road" have remained dormant for over a decade, collectively moving 3,140 BTC worth $3.14 million to the same address.

On Tuesday, hundreds of dormant Bitcoin wallets tied to the defunct dark web marketplace Silk Road reactivated after over a decade of inactivity, transferring funds to a single unknown address, per The Block. Arkham’s data indicates roughly 312 Silk Road-linked wallets moved a total of $3.14 million worth of BTC to the address “bc1q...ga54” that day. The reason for the sudden activity remains unclear. As of Wednesday, those wallets still hold approximately $41.3 million in Bitcoin.

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Fogo will launch the FOGO Token presale on December 17th

On December 10, Fogo—an SVM-based Layer 1 blockchain project—announced it will launch a presale for its FOGO token on December 17. The presale will make 2% of the total FOGO genesis supply available, and USDC transfers are now open for users to prefund their wallets. Token distribution will occur simultaneously with the launch of Fogo’s mainnet.

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Yesterday Bitcoin ETF Net Inflow was $1.519 billion, Ethereum ETF Net Inflow was $1.777 billion

On December 10th, per monitoring from Farside Investors, Bitcoin ETFs saw net inflows of $151.9 million yesterday, while Ethereum ETFs recorded net inflows of $177.7 million.

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Viewpoint: The market witnessed a significant long squeeze, with the year-end possibly bringing a "Santa Claus Rally."

On December 10, GSR OTC Trading Director Spencer Hallarn said: "I think most long positions in the market have already been liquidated, creating a skeptical base. The perpetual contract funding rate is very low—even negative—meaning there’s not much leverage in the market. Overall, this setup is actually pretty favorable for the Santa rally. I see the year-end market outlook as promising."

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Coinbase: Takes a Cautiously Optimistic View of the Current Market, Speculative Bubble Has Been Deflated

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