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Algorithm stablecoin Balance Coin plummeted 99% following an attack, with 42DAO suffering losses of approximately $915,000.

2026.07.22 11:53:04

Algorithmic stablecoin Balance Coin has suffered a severe depegging amid a suspected security incident, with its price plummeting from around $0.9954 to $0.001358, a drop of over 99%. Blockchain security firm PeckShield stated that the depegging is linked to an approximately $915,000 attack on 42DAO, the decentralized autonomous organization (DAO) governing the Balance Protocol ecosystem and its BLC token. Another security firm TenArmor said it has detected suspicious attack activities involving GemJoin and 42DAO on BNB Chain. To date, the project team has not disclosed the detailed cause of the incident or subsequent handling plans.

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Strategy did not add to its Bitcoin holdings last week, selling $334 million worth of stocks and lifting its U.S. dollar reserves to $4.8 billion.

Last week, Strategy sold 3.46 million shares through an At The Market (ATM) program, raising $333.7 million. The company made no Bitcoin purchases, keeping its Bitcoin holdings unchanged at 840,447 BTC, with a total cost of $63.36 billion and an average cost of approximately $75,385 per BTC. The proceeds were allocated to paying preferred stock dividends, repurchasing $132.2 million in STRC, and increasing cash reserves. Its current U.S. dollar reserves total $4.8 billion.

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Strive increased its Bitcoin holdings by 79 coins last week, bringing its total holdings to 20,246 Bitcoin.

U.S.-listed bitcoin treasury firm Strive bought 79 bitcoin last week at an average price of around $63,231. As of August 14, the company holds a total of 20,246 bitcoin, plus 505,000 shares of Strategy STRC preferred stock (with a fair value of approximately $47.86 million) and roughly $154.8 million in cash.

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The largest long position holder of on-chain asset Changxin has initiated position closures, netting approximately $5.83 million in total profit and reaping $2.17 million in funding fee gains.

According to monitoring by TradingBeats (formerly Hyperinsight), the largest bullish whale on Changxin Technology (CXMT) on-chain initiated position liquidation today after maintaining a firm long position for a month, locking in a total profit of approximately $5.83 million. The whale has set up a Time-Weighted Average Price (TWAP) order to begin selling; its remaining position is currently valued at $14 million, with an unrealized profit of $3.83 million. The whale’s entry price was $6.62, and the current price stands at $8.82. During the holding period, it collected $2.17 million in funding fees paid by short sellers. Per Bitget market data, Changxin Technology’s stock price surged today, hitting a new high since its listing. By the close of trading, it closed at 61.8 yuan per share, up 12%, with a latest total market capitalization of 4.13 trillion yuan—making it the highest-valued individual stock on the A-share market, roughly 2.5 times the market cap of Kweichow Moutai.

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APRO has partnered with Venus Protocol to provide price data support for Binance bStocks.

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Strategy did not increase its Bitcoin holdings last week, selling $334 million in stocks, lifting its U.S. dollar reserves to $4.8 billion.

Last week, Strategy sold 3.46 million shares via an ATM program, raising $333.7 million. The company made no Bitcoin purchases, leaving its Bitcoin holdings unchanged at 840,447 BTC, with a total cost of $63.36 billion and an average cost of roughly $75,385 per BTC. The proceeds were used to pay preferred stock dividends, repurchase $132.2 million worth of STRC, and increase cash reserves. Its current U.S. dollar reserves stand at $4.8 billion.

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Global family offices have built up substantial stakes in SpaceX, totaling $3.8 billion, with Hyatt hotel heirs holding a $1.8 billion heavy stake.

Ultra-high-net-worth family offices from the Americas, Europe, and the Middle East have collectively built approximately $3.8 billion in positions in SpaceX. The largest single stake belongs to the family office of Nick Pritzker, heir to the Hyatt hotel fortune, which held roughly $1.8 billion worth of SpaceX positions as of the end of June; the stake was established just weeks after SpaceX’s public listing. Two key trends are emerging: First, family offices are reallocating capital from traditional portfolios to actively position themselves in long-cycle themes such as rockets, satellites, and AI infrastructure. Second, SpaceX’s secondary market capital structure is expanding beyond its original PE/VC holders to a broader group of ultra-high-net-worth investors and institutional players. Against the backdrop of SpaceX’s share price facing post-listing volatility, lock-up period selling pressure, and a short squeeze, the massive positions built by family offices have provided new buying support for the market.

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