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US SEC: Currently operating under a shutdown contingency plan

1 hours ago

On January 31, the U.S. Securities and Exchange Commission (SEC) announced that due to a lapse in appropriations and a partial U.S. government shutdown, it is currently operating under its shutdown contingency plan. Effective January 31, 2026, and until further notice, only a very limited number of staff will remain on duty.
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An address liquidated $41.27 million worth of HYPE, incurring a $3.72 million loss.

On January 31, Onchain Lens data shows that a newly created wallet (0x9D2) spent $44.99 million to buy HYPE three days ago, then sold all its holdings today for $41.27 million, incurring a $3.72 million loss.

8 minutes ago

Da Hongfei: Agreed with Zhang Zhen's suggestion to end the debate and will release a preview of the financial report by February 15

On January 31, NEO co-founders Da Hongfei and Erik Zhang announced they have resolved their public dispute, which had harmed both the NEO project and its community. The pair are currently preparing financial reports, with plans to release a comprehensive preview by February 15. This preview will include detailed information for financial verification, budget planning, and governance reform. Regular updates will be shared ahead of the final report’s release. Previously, the two founders had a falling out: Da Hongfei was accused of failing to fulfill financial disclosure commitments, while Erik Zhang was alleged to have monopolized the NEO Foundation’s financial rights.

8 minutes ago

Benson: The core issue of the 10/11 flash crash is not with USDe, but Binance experienced an abnormal spread at the time

**Jan. 31 — Former FTX community partner Benson Sun said Binance bears responsibility for the Oct. 11 flash crash, but the core issue isn’t tied to USDe—timeline gaps prove it wasn’t the trigger.** Market lows hit at 5:20 p.m., while USDe bottomed at $0.65 at 5:54 p.m.—30 minutes after the market began rebounding. This means USDe’s extreme depegging was a secondary event, not the crash’s cause. Analyzing six years of extreme market history, Sun noted Binance’s price gaps with other exchanges have never exceeded 5% during past crises. On Oct. 11, however, over half of traded coins had Binance as their lowest-priced exchange, with many deviations topping 50% (even 100%)—a scale never seen in prior black swan events. Additionally, the same coin’s USDT trading pairs on Binance were significantly cheaper than its USD pairs that day, leading Sun to conclude Binance’s system likely malfunctioned. If the root cause were elsewhere, Binance—with top-tier liquidity—wouldn’t have posted t

8 minutes ago

CZ: No Longer Comments on Star's Binance Blame for 10/11 Flash Crash, Much Work to Do

On January 31st, Haseeb, a partner at Dragonfly, argued it’s unreasonable for OKX Star to blame Binance for the October 11 flash crash. Binance founder Changpeng Zhao (CZ) retweeted the article, commenting: “Dragonfly was once one of OKX’s largest investors. Data doesn’t lie — the timeline contradicts the facts. I’m glad to see people starting to grasp the truth. I’ll try not to comment on this topic anymore; let others talk about us while we focus on our work. There’s still plenty left to do.” In Haseeb’s view: - Bitcoin’s price against USDT had already bottomed out on Binance roughly 30 minutes before the anomaly, showing a clear reverse cause and effect. - The USDT price discrepancy only occurred on Binance and didn’t spread to other exchanges, making a market-wide mass liquidation unexplainable — a stark contrast to events like Terra’s global balance sheet shock. - The October 11 flash crash has no single conspiratorial culprit. While the market took a heavy hit, it hasn

8 minutes ago

Henry Law: Hang Seng Gold ETF will explore distribution through a licensed digital asset trading platform

On January 31, Caixin reported that the Hang Seng Gold ETF has listed on the Hong Kong Stock Exchange (HKEX), becoming Hong Kong’s first physically backed gold ETF allowing individual investors to redeem physical gold directly from a bank. Christopher Hui, Hong Kong’s Secretary for Financial Services and the Treasury, disclosed at the 19th Asian Financial Forum (AFF) in Hong Kong that the ETF not only offers physical gold redemption at banks but also plans to distribute via a licensed digital asset trading platform. Gloria Li, Managing Director and CEO of Hang Seng Investment Management, noted that the tokenized non-listed category of the Hang Seng Gold ETF is in final testing, with an expected launch in Q1 2026. This category will be open to retail investors with anticipated lower entry fees. Currently, only USD-denominated shares are available, and the tokenized segment will not support physical gold redemption.

8 minutes ago

When Elon Musk tweeted about Moltbook, the meme coin MOLT experienced a short-term 30% price surge, hitting a new all-time high of $114 million.

On January 31, Binance CEO Changpeng Zhao (CZ) tweeted about Moltbook—an AI social network—stating: “As we gaze upon AI, AI is also gazing upon us.” Per GMGN data, this post likely fueled a short-term surge for MOLT, the meme coin tied to Moltbook on the Base chain. The token hit an all-time high (ATH) of $114 million in market cap before paring gains, now sitting at $95 million with a 152% 24-hour price increase. BlockBeats notes that meme coins typically lack real-world utility, carry extreme price volatility, and investors should exercise caution when engaging with them.

8 minutes ago