Lookonchain APP

App Store

The US SEC Charges Texas Man in $12.3 Million Crypto Scam

60 minutes ago

On May 30, the U.S. Securities and Exchange Commission (SEC) announced a lawsuit against Texas resident Nathan Fuller, accusing him of orchestrating a cryptocurrency fraud scheme that raised roughly $12.3 million from about 150 investors. From October 2022 through mid-2024, Fuller marketed investment products to investors via entities including Privvy Investments, falsely claiming he used a proprietary AI trading bot for high-frequency cryptocurrency arbitrage. Per the SEC’s complaint, Fuller promised investors returns of 40% to 50% within 30 to 45 days, and even guaranteed payouts of over 100% in as little as 21 days. The SEC alleges the AI bot never worked as advertised: Fuller misappropriated at least $6.2 million of investor funds for personal expenses, directed around $5.5 million to Ponzi-style payouts, and misled investors with doctored account statements and fake documents.
Relevant content

Iranian Foreign Ministry: Currently Focused on Ending the War, Not Negotiating on Nuclear Plan

May 30 — Iranian Foreign Ministry spokesman Baghaei stated that his country is currently focused on ending the war and has not been negotiating regarding Iran’s nuclear program. Baghaei added that the management of the Strait of Hormuz should be determined by Iran and Oman, noting that no agreement has been reached with the United States so far. (FXStreet)

28 minutes ago

「Stock Market Oracle」 Serenity: If You Missed the Dell Opportunity, Focus on Undervalued Upstream Suppliers in the Market

May 30 – Figure dubbed the "Stock God," Serenity, stated in a post that former President Donald Trump has mentioned Dell multiple times this year, and he himself bought Dell stock valued between $1 million and $5 million. Drawing parallels to Intel’s prior trajectory, Serenity noted it was foreseeable that Dell would deliver results far exceeding expectations. Following Dell’s better-than-expected performance, the market’s focus may shift toward its upstream supply chain, Serenity added. He advised investors who missed the Dell trend to still consider Dell’s related upstream suppliers, as these potential beneficiaries of Dell’s growth may not yet be fully priced into the market. Data from Bitget shows Dell surged over 28% to hit $407.88, driven by its first-quarter earnings that significantly outperformed analyst forecasts.

28 minutes ago

Jim Cramer: Dell's Strong Earnings Report Once Again Validates AI Demand, NVIDIA Still the Best Play in AI

May 30 — Former hedge fund manager and CNBC host Jim Cramer says Dell’s latest financial results have reaffirmed his bullish outlook on Nvidia. Fueled by strong demand for AI servers and data center infrastructure, Dell’s stock surged 30% on Friday, putting it on track for its best single-day performance ever. Cramer calls Nvidia a key partner in Dell’s AI strategy and the most attractive investment play in the current AI infrastructure boom. “This is the stock to buy,” he stated. He adds that Nvidia remains the best way to bet on AI development, and expects next week’s Taipei Computer Show (Computex) will bring further signals about next-generation AI demand from industry leaders like Nvidia’s Jensen Huang.

28 minutes ago

Former Celsius CEO Applies to Overturn 12-Year Sentence, Accuses SBF of Attempting to Destroy Celsius

On May 30, former Celsius CEO Alex Mashinsky filed a motion in a New York state court seeking to overturn his 12-year prison sentence, alleging his defense attorney provided ineffective assistance. In the filing, Mashinsky cited the "fruit of the poisonous tree" legal doctrine to argue that the evidence used to convict him was flawed. He stated he was forced to submit the filing pro se—representing himself in court—after his lawyer stopped communicating with him. The accompanying court documents include additional accusations: Mashinsky claims former FTX CEO Sam Bankman-Fried sought to "destroy Celsius" and manipulated the CEL token market through FTX. He also accused former Celsius Chief Revenue Officer Roni Cohen-Pavon of attempting a "hostile takeover" of the crypto firm. Mashinsky was originally sentenced in 2025 for commodities and securities fraud, ordered to pay $48 million in criminal forfeiture plus a $10 million civil settlement.

28 minutes ago

HypeStrat Leads Cryptofund Companies with Over $1 Billion in Unrealized Gains, While BitMine Ranks at the Bottom with Over $8 Billion in Unrealized Losses

May 30: HYPE surged above $65 to a new all-time high. Hyperliquid’s financial arm HypeStrat has surpassed $1 billion in unrealized gains from its HYPE holdings—making it the largest such figure among all Decentralized Autonomous Treasuries (DATs). Conversely, Ethereum-focused treasury firm BitMine (BMNR) has racked up over $8 billion in unrealized losses, the highest of any crypto treasury firm globally.

28 minutes ago

Bitcoin Mining Difficulty Increases by 1.72% to 138.96 T

On May 30, CloverPool data shows that Bitcoin’s mining difficulty adjusted at 18:29 at block height 951,552, climbing 1.72% to 138.96 T. The global network’s average hash rate over the past week is approximately 1.02 ZH/s.

28 minutes ago