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The US-Iran Agreement text has entered the final polishing stage, with the next round of negotiations expected to take place in early June.

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May 20 — Al Jazeera reports, sources familiar with the matter state all parties are working to put the final touches on the agreement text between Washington and Tehran. Pakistan’s Army Chief of Staff may visit Iran tomorrow, with plans to announce the final version of the agreement is complete. If Pakistan’s Army Chief does not travel to Iran, the final agreement text will likely be announced finalized within hours. The next round of U.S.-Iran negotiations will take place in Islamabad after the Hajj season, scheduled for early June or later. Per PolyBeats monitoring, on the prediction market Polymarket, the probability of the "next U.S.-Iran diplomatic meeting" occurring before June 15 has risen to 27%, and the likelihood of that meeting happening before the end of June has climbed to 35%.
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Financial technology company Mercury has completed a $200 million new funding round, led by TCV

May 20 – Fintech firm Mercury has closed a $200 million fresh funding round led by TCV, with participation from top-tier investors including Sequoia Capital, Andreessen Horowitz (a16z), and Coatue Management. Mercury now serves over 300,000 startups and generates roughly $650 million in annual revenue. The company credits the recent AI startup boom as a core engine of its rapid growth, noting it’s supercharged demand for new business registrations and account openings. Meanwhile, Mercury has secured conditional approval from the Office of the Comptroller of the Currency (OCC) and plans to apply for a federal banking charter. Going forward, it will expand into lending services, integrate with payment networks like Zelle, and cut its dependence on partner banks.

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ZEC Surges Above $620, 24-hour Gain Extends to 11.9%

On May 20th, HTX market data shows ZEC has breached the $620 threshold, extending its 24-hour price rally to 11.9%. Catalyst-wise, the Zcash Foundation released its Q1 2026 report yesterday, disclosing total liquid assets of approximately $36.7 million. The breakdown includes roughly $12.11 million in cash, 506,556 USDC, 85,412 ZEC (valued at ~$21.2 million), 41.8 BTC (worth about $2.85 million), and 12.02 ETH (worth roughly $25,000).

12 minutes ago

Vest: Insurance Fund Deposits Can Be Withdrawn After Protocol Restart

May 20th — Solana perpetual contract protocol Drift announced that Insurance Fund depositors will be able to withdraw their staked shares once the protocol resumes operations. Per the protocol’s official documentation and code design, the Insurance Fund exists to maintain the protocol’s solvency against losses incurred through liquidations or bankruptcy. Following a recent attack, Drift paused operations immediately to prevent further losses prior to executing standard liquidation and bankruptcy procedures. The Insurance Fund was not impacted by the incident. Drift will use its own Insurance Fund assets to support a “healthy restart” for all users. The corresponding contract address will be made public, enabling the community to track fund usage transparently.

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K3 Capital withdrew 7,930 ETH from Binance, worth $16.88 million

On May 20th, according to OnchainLens monitoring, the K3 Capital address withdrew 7930 ETH from Binance, worth $16.88 million.

12 minutes ago

A Whale Shorted $11.16 Million in a 10x HYPE, Simultaneously Dumping Over 64,000 Spot Coins

On May 20th, according to OnchainLens monitoring, a whale opened a 10x leveraged short position on 218,406 HYPE tokens over the past two hours, worth $11.16 million at an average fill price of $49.76. The whale also sold 64,401 HYPE tokens for $3.08 million in USDC.

12 minutes ago

The U.S. Energy Information Administration (EIA) reported last week that the Strategic Petroleum Reserve inventory recorded the largest weekly drawdown in history

May 20: The U.S. Energy Information Administration (EIA) reported that crude oil inventories for the week ending May 15th registered a draw of 7.863 million barrels. This marked a far larger decline than the market consensus forecast of a 2.942 million barrel draw, and exceeded the prior week’s 4.306 million barrel draw. Most notably, the Strategic Petroleum Reserve (SPR) saw its largest weekly drawdown in history, as covered by the Economic Information Daily.

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