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People's Daily criticized the "Miracle Coin" and other activities that use false income information to drive traffic

2 hours ago

**People’s Daily Warns of Crypto Trading Risks Tied to Financial Self-Media Misinformation** On April 14, the People’s Daily published an article flagging chaos in financial self-media accounts that disrupt the capital market. The piece specifically targeted accounts spreading false income claims—including “100x crypto gains” and “earn $1 million monthly trading coins”—to drive traffic to cryptocurrency trading platforms. The article also cited a prior notice from the People’s Bank of China and eight other departments, reaffirming that all virtual currency-related activities are classified as illegal financial activities. It noted that accounts and platforms providing traffic referral or technical services for illegal crypto trading are suspected of violating laws and regulations, and may pose risks to financial security and anti-money laundering efforts.
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Viewpoint: Bank of Japan's Dovish Signal Could Be Key Boost for This Round of Bitcoin Rebound

April 14 — Bank of Japan Governor Haruhiko Kuroda delivered a dovish signal, flagging a more cautious stance amid uncertainty over the Iran conflict’s impact on Japan’s economy. The move supported Bitcoin’s push above $74,000. In recent years, Bank of Japan (BOJ) rate hikes have repeatedly roiled the crypto market. On August 5, 2024, an unexpected BOJ rate hike triggered a yen carry trade unwind, sending Bitcoin plummeting from $64,000 to $49,000 in 48 hours. The central bank will hold a monetary policy meeting later this month, on the 28th. (CoinDesk)

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The US Department of Justice Initiates OneCoin Victim Compensation Process, with Over $40 Million in Funds Available

On April 14, the U.S. Department of Justice (DOJ) launched a compensation program for victims of the OneCoin cryptocurrency fraud, with more than $40 million in seized assets available for reimbursement. The program covers investors who bought OneCoin between 2014 and 2019 and incurred a net loss. U.S. prosecutors noted this move aims to return some illegally obtained funds to victims. OneCoin—founded by Ruja Ignatova and Karl Greenwood—defrauded investors of over $4 billion. Ignatova has been missing since 2017, while Greenwood was sentenced to 20 years in prison in 2023. (Cointelegraph)

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Bitget Launches GENIUS Spot Trading

On April 14th, Bitget has listed Genius (GENIUS). Trading is now live, and withdrawals will go live at 00:00 UTC+8 on April 15th.

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SanDisk's Inclusion in Nasdaq 100 Boosts Stock Price to New High, SNDK Surges 14% in a Day Triggering Significant Long Position Liquidation

**Nasdaq Inclusion Spurs SNDK Rally** Last Friday (April 14), Nasdaq announced Sandisk (SNDK) will officially join the Nasdaq 100 Index ahead of the April 20, 2026 opening bell. Fueled by the news, SNDK has climbed more than 14% cumulatively in Monday’s intraday session and today’s after-hours trading, hitting a new all-time high. SNDK futures on the Hyperliquid platform have surged above $980, posting a 13.8% 24-hour gain. Per HyperInsight monitoring, the market momentum has turned all on-chain long positions profitable. Notably, “Trader CBB”—a trader who previously focused on shorting U.S. equities—switched to SNDK long positions on April 6 and now holds it as their top position. Current position size: $6.73 million, with an unrealized gain of $730,000—making them the largest SNDK long holder on Hyperliquid. Address: 0x4Cd80aa0CE4881Eb8679EdA1f6fbe3d89AEc0F7F

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Yesterday Bitcoin ETF saw a net outflow of $291 million, while Ethereum ETF saw a net inflow of $9.5 million

**April 14th Crypto ETF Flow Update** According to Farside Investors monitoring: ### U.S. Bitcoin Spot ETFs - **Total net outflow**: $291 million - Breakdown: - IBIT: Net inflow of $34.7 million - FBTC: Net outflow of $2.292 billion - ARKB: Net outflow of $62.9 million ### Ethereum ETFs - **Total net inflow**: $9.5 million - Breakdown: - ETHA: Net outflow of $4.1 million - ETHB: Net inflow of $5.8 million - FETH: Net inflow of $3.9 million This aligns with U.S. financial news conventions—concise, structured by asset class, and highlights total flows first for quick scanning.

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Former Star Project Rode the "FOMO" Price Surge to Quickly Sell Off, Investors Chasing "Meme Coins" Should Not Be Blindly Followed

April 14th — Some altcoins have seen a "crazy surge" lately. The RAVE token has spiked continuously under manipulation by a behind-the-scenes whale, skyrocketing tens of times in just days. While such intentional pump-and-dump activity is highly controversial and often ends in disaster, aggressive investors are still jumping in, hoping to catch the next "RAVE." Capitalizing on this hype, some project teams are seizing the moment to pump prices and cash out. Their go-to tactic: flash a massive green candlestick in an hour to mimic a "meme coin" vibe. As retail investors rush to buy, the teams dump their holdings at any cost, sending prices plummeting fast. FF and INX are prime examples of this behavior. FF saw a rapid surge early on the 11th: it doubled in value in an hour from $0.07, hitting a peak of $0.17641 before crashing back down. As of press time, the token has fallen to $0.07786. INX’s team didn’t even hide their pump-and-dump play. After doubling in a day, **at least

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