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While Middle East tensions remain volatile, market reactions have grown increasingly muted, with investors shifting their focus to tech stocks.

2 hours ago

The U.S. carried out fresh strikes on Iranian military targets over the weekend, while Iran attacked vessels near the Strait of Hormuz and launched missiles and drones toward Kuwait and Bahrain, temporarily halting U.S.-Iran ceasefire talks. However, the two sides later agreed to resume a cessation of hostilities and advance technical negotiations related to the ceasefire memorandum (MOU). Affected by the tensions, international oil prices edged higher, with Brent crude and WTI crude rising to around $72.31 and $69.82 respectively. Global financial markets overall showed limited reaction, as investors shifted their focus to the recovery of the tech sector. Demand for AI computing power has kept driving a persistent shortage of storage chips. Large tech firms including Apple and Microsoft can offset costs via price hikes, while some small and medium-sized enterprises (SMEs) face greater pressure. Meanwhile, SpaceX is poised to become one of the fastest companies in history to be included in the Nasdaq 100 Index.

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Recent whale liquidation threshold: If Bitcoin (BTC) continues to fall below $58,000, a certain whale's $16.3 million long position will be liquidated.

According to Hyperinsight monitoring, an address (0x9311) on Hyperliquid holds a heavily leveraged long position on Bitcoin. Currently, it has opened a 40x long position of approximately 272.7 BTC, with a nominal value of around $16.3 million, at an average entry price of roughly $60,519, and a liquidation price of $57,640. Bitcoin is currently trading at $59,720, and this long position has an unrealized loss of about $210,000 (-50%). The whale’s liquidation line is only ~3.5% (roughly $2,085) away from the current price, making it the BTC address with the closest liquidation level among all whales holding tens of millions in positions on Hyperliquid. If Bitcoin falls another ~3.5% from current levels, breaking below $57,640 (the $58,000 threshold), this $16.3 million long position will trigger forced liquidation. Amid Bitcoin’s continued weakness in recent trading, the address added to its losing position to average down its entry cost. The latest addition occurred on June 29, when it opened additional long positions at $59,347; the position has been gradually built up since June 24 via thousands of trades. HyperInsight Bot is now live. Add @HyperInsightBot to your TG group and set it as an admin (enable message sending permission) to automatically sync on-chain news.

11 minutes ago

High-leverage DRAM Index whale just $2.7 from liquidation, $5.19M in long positions on the brink of liquidation.

According to Hyperinsight’s monitoring, the DRAM index tracking spot memory prices has corrected from its high amid spillover from South Korean storage sector sell-offs, falling around 6% in 4 hours and currently trading at $70.68. A large whale (0x7b5) on the Hyperliquid platform opened a position at the start of the month, entering a long position with 20x leverage and adding to it via rolling positions, resulting in its liquidation price hanging above the average entry price. The liquidation line stands at $68, only about 3.8% (roughly $2.7) away from the current price, with a position size of $5.2 million. Among on-chain large positions on the platform, the average entry price of long positions is around $70.12, while that of short positions is approximately $68.35. The notional size of short positions is roughly 2.35 times that of long positions, indicating an overall bearish sentiment. The largest short is the "Storage Chain Short Main Force" (0x4e23), which is shorting the entire storage chain (including Micron, SanDisk, and Western Digital). It holds a $14.29 million DRAM short position with 6x leverage (average entry price: $77.73, opened on June 24), with an unrealized profit of $1.47 million as of now.

11 minutes ago

Robinhood’s prediction market revenue is expected to surpass its cryptocurrency revenue in the second quarter.

Robinhood’s prediction market platform business is growing rapidly. Steven Quirk, Robinhood’s chief brokerage officer, said the company’s annualized revenue run rate has reached $500 million. For the second quarter ending June 25, Robinhood’s active contract trading volume hit approximately 12.3 billion contracts. At a standard rate of 1 cent per contract, the prediction market revenue for the quarter is projected to be at least $123 million. Its recently launched Rothera prediction market platform generated over 900 million contracts in trading volume in its first week, driving nearly a 60% increase in Robinhood’s active contract trading volume. Meanwhile, cryptocurrency trading volume declined due to weak institutional activity, with the second-quarter crypto revenue projected to come in below $134 million. Prediction market revenue is on track to surpass crypto revenue as early as this quarter, emerging as a faster-growing revenue stream.

11 minutes ago

Robinhood forecasts its market revenue will surpass cryptocurrency revenue in the second quarter.

Robinhood’s prediction market platform business is growing rapidly, with the firm’s annual run rate revenue reaching $500 million, according to Steven Quirk, the company’s chief brokerage officer. For the second quarter ended June 25, Robinhood’s active contract trading volume hit roughly 12.3 billion contracts. At a standard rate of 1 cent per contract, the prediction market revenue for the quarter is projected to be at least $1.23 million. Its recently launched Rothera prediction market platform generated over 900 million trades in its first week, driving nearly 60% growth in Robinhood’s active contract trading volume. Meanwhile, cryptocurrency trading volume has declined due to weak institutional activity, with second-quarter crypto revenue expected to come in below $134 million. Prediction market revenue is on track to overtake crypto as Robinhood’s faster-growing revenue source as early as this quarter.

11 minutes ago

ANSEM deployer creates a token with over $120 million market cap, may have only profited $5,500

According to Lookonchain’s monitoring, ANSEM token deployer “yHCxHB” spent $6,300 to deploy ANSEM and purchased 792.45 million ANSEM tokens. The deployer then transferred 650 million ANSEM to @blknoiz06, sold the remaining 142.45 million ANSEM for $11,800, and ended up with a total profit of just $5,500.

11 minutes ago

SpaceX is set to receive around $4.3 billion in passive capital inflows, joining the Nasdaq 100 less than a month after going public.

Nasdaq confirmed that SpaceX (SPCX) will officially be added to the Nasdaq 100 Index on July 7, less than a month after its June 12 listing, marking one of the fastest inclusions in the index’s history. Under Nasdaq’s new rules, some large IPO companies only need to complete 15 trading days to qualify for inclusion, a sharp reduction from the previous multi-month waiting period. JPMorgan Chase estimates this inclusion will bring roughly $4.3 billion in passive fund inflows. Currently, over $800 billion in assets are tied to the Nasdaq 100 Index; related ETFs and index funds will begin synchronized allocations after the July 6 market close. Given SpaceX’s limited tradable shares relative to its total market capitalization, the concentrated short-term buying could significantly impact supply and demand. However, market divisions persist. Morningstar’s chief stock strategist considers the stock overvalued, noting SpaceX posted a net loss of $4.9 billion last year with highly volatile earnings performance. By contrast, S&P Dow Jones Indices has explicitly ruled out a fast-track process, with the S&P 500 retaining its existing standard of a minimum 12-month waiting period.

11 minutes ago